Another Supply Factor in Home Sales: Who Can Broker the Deal?

America’s latest bout of realty mania may finally be dying down, as home prices and particularly sales volumes decline after a rise of interest rates. With mortgage payments more costly, and expectations of equity appreciation diminishing, the fees charged by brokers may become a rub again. Five percent off the top, a typical full transactionContinue reading “Another Supply Factor in Home Sales: Who Can Broker the Deal?”

On the Trail of Hamptons Preservation

The year 2022 is triggering public anniversary memories on the East End of Long Island, some of which go back  50 years to significant developments that changed Suffolk County such as the abrupt completion of the Long Island Expressway and the birth of the resource-preservationist outfit known back then as the Group for America’s SouthContinue reading “On the Trail of Hamptons Preservation”

Hamptons Traffic and the Road Not Taken

My interest in land-use policy 50 years ago on Long Island was piqued when I learned offhand*  of a state highway that was to have been built back then, not far from where our home now sits in Water Mill. How could that have been the case, over a route that today features much largerContinue reading “Hamptons Traffic and the Road Not Taken”

Big Media’s Mere Cameo in a Tale of Conservatism’s Shift

Matthew Continetti’s book, “The Right: The Hundred Year War for American Conservatism,” is getting much respectful attention from mainstream media. It is deservedly praised for an encyclopedic narrative of what has evolved into a greatly populist—disparaged as Trumpian–force in American politics. My beef with the work is that it largely misses a key element inContinue reading “Big Media’s Mere Cameo in a Tale of Conservatism’s Shift”

The Beijing Consensus Meets 2022

 A broad notion that the People’s Republic of China represented an alternative and quite possibly superior model of social and economic organization has held sway in many quarters for two decades. Are we now to be done with that?  What is sometimes called the Beijing Consensus was the subject—or object—of so many thought pieces andContinue reading “The Beijing Consensus Meets 2022”

Affordable Hamptons Housing After Saving Priceless Parcels?

Like many other affluent suburbs or resort areas, the Hamptons of New York is confronting a housing affordability crisis, which is to say that the service and support industries on which the wealthy residents rely cannot reliably staff their operations from nearby residents. This pinch results either in unfilled positions or lengthy commutes for theContinue reading “Affordable Hamptons Housing After Saving Priceless Parcels?”

Who Will Pay for European-Style Medical Coverage

Even after ObamaCare, a frequent impulse on the left and in mainstream media remains the shoring up of health-care coverage for millions of Americans by further taxing the rich, however defined. This frame for redressing inequality in the U.S. carries over to other areas of policy, but medical services are the most politically acute. TurnsContinue reading “Who Will Pay for European-Style Medical Coverage”

Vanguard’s ESG Policy Choice Is to Echo

Morehouse College President David Thomas and Airbnb executive Tara Bunch joined rareified company this past year with appointment to Vanguard Group’s board of directors. They can expect annual pay of about $300,000 to help oversee the money-management giant’s 240-some mutual funds and ETFs. Beyond that, they will be at the forefront of a battle toContinue reading “Vanguard’s ESG Policy Choice Is to Echo”

Milestone: Early Hamptons Farmland Preservation

The great story of land-preservation on the South Fork of Long Island (“the Hamptons”) is losing many of its first-hand witnesses. Another departed this life just before Christmas: John V.N. Klein, who as Suffolk County Executive launched the first major effort to sustain farmland on some of the richest (both in nutrients and dollar value)Continue reading “Milestone: Early Hamptons Farmland Preservation”

A Burmese House of Mirrors

Burma is such a complex mess of a nation that it calls for the talents of a reporter like Hannah Beech to hold those responsible to account. The best Western journalist in Southeast Asia, Beech dropped a Christmas special in the New York Times that unmasked a seemingly sympathetic business figure’s dealings with the murderousContinue reading “A Burmese House of Mirrors”