By repeatedly going "out of business" and exploiting a loophole in the local condo laws, speculators have been able to transform rent-controlled buildings into market-value homes.
The findings cast doubt on the prime minister's claim before last year's general election that Tory housing policies would transform "generation rent" into "generation buy".
According to the government, the new bill will help tackle the housing crisis and transform "generation rent into generation buy".
Many of its proposals are good, but they fall short of the reforms needed to transform private renting into a sector that works for everyone.
On Tuesday, the House of Commons will once again debate the government's new housing and planning bill, hyped up as the key to "transforming generation rent into generation buy", which will supposedly mark another big step towards the age-old Tory dream of a property-owning democracy.
In addition, the analysis is complicated by the time dimension: direct benefits over time transform into land rent [84].
Faced with competition from three new casinos in eastern Pennsylvania and slot machines recently added to Yonkers Raceway in the New York suburbs, casino operators here are wagering large sums that they can transform this low-rent gambling factory on the Jersey Shore into a world-class entertainment destination.
And it can be a lot cheaper than ponying up for a sponsorship, or paying to rent and transform a fixed location.
After some tough talk on the EU and trying to steal Labour's territory as the "party for workers", there was the announcement that on housing, the Conservatives will transform us "from Generation Rent to Generation Buy" by building some "affordable" homes worth £250,000 (£450,000 in London) which for the average Briton are not actually affordable.
MGM is only the most recent company to wager large sums that Atlantic City can transform itself from a low-rent gambling factory on the Jersey Shore into a world-class entertainment destination.
Today, almost every handbag is splashed with logos and signature motifs, as if designers had thrown up their hands and finally embraced the idea that their trade is advertising and their mission to transform the buyer into a rented billboard.
