PropertyProf Blog

Editor: Stephen Clowney
Univ. of Arkansas, Fayetteville

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Monday, July 7, 2014

Is Janet Yellen a Nuisance?

According to the Wall Street Journal, the Federal Reserve Chairwoman's new neighbors are not happy:

WASHINGTON—In the Georgetown gated community of Hillandale, residents live in secluded calm governed by some 50 pages of rules banning fences, motorcycles, certain paint colors, tree species and excess dogs and cats (no more than two total per household).

"People come to live in Hillandale because of the quality of our residential community, and that is something that we need to maintain," says resident Sallie Forman.

Then one of the most powerful economic policy makers in the world moved in and, in the words of some here, ruined the neighborhood.

As neighbors tell it, earlier this year, the security detail protecting new Federal Reserve Chairwoman Janet Yellen barreled through the cul-de-sac where she lives in oversize vans loaded with guns, cameras and takeout pizza. It established an "armed camp" next door to Ms. Forman's townhome, according to a written bill of grievances presented by concerned neighbors deeming the uniformed police presence "uncomfortable for residents of various religious persuasions," such as Quakers.

Security trucks, it continued, "weighing approximately 7,000 pounds each" sit idling on the street for "approximately 22 minutes daily" at each Yellen morning pickup. When Ms. Yellen leaves her home, a second truck then "speedily pulls out of the security driveway…all the while spilling fluid onto the street, which has now left a permanent stain." Hillandale bylaws expressly prohibit car fluid spills in the common areas.

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