Thursday, May 28, 2020

Which U.S. cities will best weather the pandemic? | Nuveen

Which U.S. cities will best weather the pandemic? | Nuveen

"Markets with a large exposure to newer non-cyclical industries such as information technology (San Jose), life science (Boston) and telecom (Dallas) are positioned to perform the best. Industries with a large exposure to cyclical industries such as tourism (New Orleans), hospitality (Las Vegas), energy (Oklahoma City) and retail (Miami) are positioned to perform the worst. The five most highly-ranked MSAs in our analysis are San Jose, Nashville, Raleigh, Washington, D.C. and Salt Lake City. In contrast, the five lowest-ranking are Detroit, Louisville, Buffalo, Oklahoma City and New Orleans."

The Future is Public | Transnational Institute

The Future is Public | Transnational Institute

"Resistance to privatisation has turned into a powerful force for change. (Re)municipalisation refers to the reclaiming of public ownership of services as well as the creation of new public services. In recent years, our research has identified more than 1,400 successful (re)municipalisation cases involving more than 2,400 cities in 58 countries around the world."

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New report from the Transnational Institute about deprivatization.

Chicago Condo DeConversions Coming Back

Chicago Condo DeConversions Coming Back

Thousands of affordable condo units have been turned into apartments by megabucks investment companies that are buying people out, getting 75% or 85% of the ownership interests, forcing the rest of the owners to sell, and "deconverting" the project.

What homeowners associations should do when residents can’t pay during the pandemic - The Washington Post

What homeowners associations should do when residents can’t pay during the pandemic - The Washington Post

Unemployment is off the charts and, as in 2008, HOAs and condo associations are seeing more owners unable to pay their assessments. This article is about how to balance the association's need for revenue with the need to show some compassion and common sense.

Monday, June 17, 2019

USSC rules that public access TV station is not a state actor

17-1702 Manhattan Community Access Corp. v. Halleck (06/17/2019)

This is a 5-4 decision with all the Republicans in the majority and all the Democrats dissenting. It has some relevance for the "HOAs should be limited by the Constitution" argument that many HOA activists believe in. The case is not helpful to the HOA activist position, because the USSC overruled an appellate court that said the station was a state actor. I will have to read this in detail to analyze it, but for now, here is the synopsis:



"New York state law requires cable operators to set aside channels on their cable systems for public access. Those channels are operated by the cable operator unless the local government chooses to itself operate the channels or designates a private entity to operate the channels. New York City (the City) has designated a private nonprofit corporation, petitioner Manhattan Neighborhood Network (MNN), to

operate the public access channels on Time Warner’s cable system in Manhattan. Respondents DeeDee Halleck and Jesus Papoleto Melendez produced a film critical of MNN to be aired on MNN’s public access channels. MNN televised the film. MNN later suspended Halleck and Melendez from all MNN services and facilities. The producers sued, claiming that MNN violated their First Amendment free-speech rights when it restricted their access to the public access channels because of the content of their film. The District Court dismissed the claim on the ground that MNN is not a state actor and therefore is not subject to First Amendment constraints on its editorial discretion. Reversing in relevant part, the Second Circuit concluded that MNN is a state actor subject to First Amendment constraints.

Held: MNN is not a state actor subject to the First Amendment. Pp. 5–16."

Here is a link to the full opinion. 

Sunday, March 31, 2019

Country Clubs | Condos | Homeowners Association Fees

Country Clubs | Condos | Homeowners Association Fees

"Some older condos in South Florida communities built around country clubs are selling for as little as $1.

Stephan Burklin, for example, recently cut the asking price for a one-bedroom condo at Boca West Country Club from $10,000 to $1. Burklin also is offering to pay the buyer’s homeowners association fees for the first year. His mother and father lived there, but she died and he is moving to an assisted living facility, and the condo is too small for Burklin, 51, who is married and has three kids."

Friday, March 29, 2019

Chaos in Preckwinkle's Hyde Park condo: neighbors say she ignored their concerns | Chicago Sun-Times

Chaos in Preckwinkle's Hyde Park condo: neighbors say she ignored their concerns | Chicago Sun-Times

"Mayoral candidate Toni Preckwinkle owns a Hyde Park condominium where Chicago police have repeatedly responded to domestic-disturbance calls involving her 37-year-old son — and some residents say she doesn’t seem to have done anything to address their concerns."

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Toni Preckwinkle is one of two remaining candidates for Mayor of Chicago, with the election being next Tuesday, April 2. She is currently running behind Lori Lightfoot, according to the limited polling we have. The last thing Preckwinkle needs is more bad press, and here it is.

Wednesday, March 06, 2019

Biggest developments in Chicago | Chicago development

Biggest developments in Chicago | Chicago development

Chicago has a bunch of huge downtown residential towers going up, with high-end condo units. The bottom end of the condo market is being devoured by investors who are turning them into apartment buildings using Section 15 of the Illinois Condominium Property Act. They get 75% of the ownership interests on their side, and sell the building.

Bill would give HOA’s taxing authority - Mississippi Center for Public Policy

Bill would give HOA’s taxing authority - Mississippi Center for Public Policy

I wonder if these people have thought this through. If they have taxing authority, then aren't they state actors, which triggers all sorts of statutory and constitutional obligations that HOAs don't want to assume?

‘No HOA’: Man makes entire house pink, says neighbors can’t do anything about it

‘No HOA’: Man makes entire house pink, says neighbors can’t do anything about it

Definitely a guy who shouldn't live in an HOA. And Exhibit A for why some people do want to live in HOAs.