Housing advocates are increasingly calling for laws to protect the rights of tenants. But the fact is, tenants have always had rights. New laws protecting “tenants’ rights” will ultimately lead to the destruction of the rights of all individuals, including tenants. The Declaration of Independence declares that all individuals are endowed with certain rights, namely,…
In recent years, it has grown increasingly popular to attack real estate investors. Whether they are flippers, landlords, or developers, a coalition consisting of property owners, organizations like Black Lives Matter, and housing advocates denounce investors as villains who destroy neighborhoods and place profit before people. Unfortunately, many investors offer apologies for their actions, rather…
Across the country, a coalition of property owners and political activists are trying to stop economic development in certain neighborhoods. They believe that investment in their community will do more harm than good. In many cities, neighborhoods close to downtown are being transformed from being economically depressed to vibrant hubs of commerce. New homes and…
When cases of COVID-19 began to rise in March, governments responded to the crisis by ordering businesses to close. When millions lost their job and were unable to pay the rent, the Centers for Disease Control and Prevention (CDC) responded to that crisis by imposing a moratorium on evictions for non-payment of rent. But the…
Material values must be created. And to create material values, individuals must be virtuous. They must adhere to certain moral principles if they are to successfully create the values that we want and need. Morally, those who create material values are the rightful owners of those values. Those values are their property, to use, trade,…
Department of Housing and Urban Development Secretary Ben Carson has launched an initiative aimed at making housing more affordable. He has correctly identified zoning and land-use regulations as a major factor in soaring housing costs in many locales. Zoning and land-use regulations arbitrarily restrict the freedom of builders and developers. Minimum lot sizes, prescribed land…
In recent years, we have repeatedly been told that Texas is facing an affordable housing crisis. In June 2017, the Texas Tribune reported that “more than 2 million urban Texan households, most of them renters, are considered financially burdened by housing costs because they spend 30 percent or more of their income on housing — and…