Free Market
Author:
Walter Block
Online Publish Date:
The Free Market 25, no. 1 (January 2007) When I was about 18 years old I purchased my first bit of real estate. It was a four-family apartment house in the Sheepshead Bay neighborhood of Brooklyn, New York, right near the ocean. I thought that one day it would become quite valuable. It was rent controlled and the rents were extremely low, so I