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    11.10.15 Professor David Reiss, a Frequent Expert Commentator on Real Estate, Weighs in on the Sharing Economy
    David Reiss

    Amid the nearly nonstop media coverage of real estate finance and development, Professor David Reiss is called on frequently by major media outlets for his expertise and insights on the law and trends in this critical sector of the economy.

    Recently, Professor Reiss spoke with the Christian Science Monitor for a story about how cities across the country are trying to deal with Airbnb and other “sharing economy” businesses, such as Uber. As voters in San Francisco defeated a measure to restrict users of Airbnb, Reiss said the company is taking steps “to fend off [legislation] that would severely limit their reach in New York City.” The sharing economy is with us for the long term, he said, and consumers as well as local governments will have to adjust. “While it is unlikely that we will return to the pre-sharing economy, it is also unlikely that we will have a sharing economy that is driven just by market actors, without government regulation,” he said.

    Reporters and practitioners also rely on Reiss’s popular REFinBlog, which offers a daily roundup of developments in the law and practices related to the real estate finance industry. The blog features a weekly schedule of Adjudications (Court & Administrative Decisions) on Monday, Regulatory and Legislative Updates on Tuesday, Academic Papers on Wednesday, Advocacy and Think Tanks on Thursday, and a Government Reports roundup of stories on Friday.

    At the Law School, Reiss teaches real estate courses and he is the founding director of the Community Development Clinic. He is also the Research Director of the Center for Urban Business Entrepreneurship (CUBE).   

    Professor Reiss has been quoted in the following recent stories:

    TheStreet: Extra Costs of Owning a Home Are Lower Than Consumer Expectations
    October 22, 2015
    Reiss suggests that homeowners establish an emergency fund to prepare themselves to handle at least one unexpected major emergency per year, from a broken boiler to storm damage.

    Wisebread: 5 Signs You Probably Need an Accountant
    October 13, 2015
    "There comes a point when personal tax software is not sophisticated enough to take into account the complexities of real estate investments," Reiss said.

    Law360: Questions Remain Over CFPB Mortgage Rules’ Market Effects
    September 25, 2015
    Reiss analyzes a report showing that the percentage of minority borrowers within the overall mortgage market actually ticked up in 2014, even as the percentage of loans those communities got from government sources went down.

    Money: Here’s How Much You Should Pay for a Rental Property
    September 17, 2015
    Reiss recommends using the “cap” rate -- the ratio of net rental income to the purchase price of the property -- for those interested in investing in a rental property.

    MainStreet: Consumers Should Not Assume a Lower Down Payment Is a Better Option
    September 11, 2015
    Reiss on advantages of lower interest rates: While a lower down payment might be more appealing for a first-time homebuyer, it can often result in paying more money just on the interest alone.

    Read more about Professor Reiss.

    Follow @REFinBlog on Twitter.