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Old 10-02-2015, 06:21 AM
 
4,914 posts, read 5,524,547 times
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Quote:
Originally Posted by Astorian31 View Post
The poor already have affordable housing. It's called NYCHA. The people who really need affordable housing are the middle class. Last time I checked, thats what the mayor's plan is targeting. Maybe someone in his administration finally realized that it's not the poor who are getting priced out (NYCHA will never be dismantled,) its the middle class. You're always going to get people who complain, and this article is misleading. The mayor is addressing, or at least trying to address the housing crisis. We don't need thousands of units for people who make 20k, we need housing for those that make 40-60K. Of course, you can't really expect quality journalism from the Daily News.
LOL.... This is true!

I know some people living in NYCHA who have more than the average middle class working man who's busting his behind just to be able to make rent and keep up with the cost of living in NYC.
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Old 10-02-2015, 08:38 AM
 
Location: Manhattan
20,144 posts, read 26,425,454 times
Reputation: 9029
Quote:
Developers won't build because it is just not profitable when rental market is
basically controlled by local government.
Is that why there are no new buildings going up on the Upper East Side? <yes, sarcasm>
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Old 10-02-2015, 10:01 AM
 
393 posts, read 166,023 times
Reputation: 519
Quote:
Originally Posted by BugsyPal View Post
What the Daily News article got correct is NYC needs more housing for persons who can afford to pay something close to market rates. Close to 60% of the rental housing in the City falls under various rent protections or subsidizes and look what that has gotten us? Developers won't build because it is just not profitable when rental market is basically controlled by local government.

Many including myself stated long ago what the City was up to; forcing landlords and by extension everyone else to subsidized below market renters with this *affordable* housing scheme. Problem is just as with Long Island College Hospital what de Boob ran his mouth about when running for office met with cold hard reality afterwards. That is developers and others are balking at covering a majority of housing costs for lower income households.

This *may* have worked under the old system were rental protections had sunset provisions. However now the City is forcing these units to be *permanently* affordable. That means just a vast expansion of rent stabilization and we all know how that worked out in terms of the overall rental market.

Article is also correct in that neither mayor de Boob, the City Council or any one else in the left/Democratic/liberal camp already knows; NYC will never be able to provide anywhere near the amount of "low income" housing required. Well not unless they build and run it themselves and that they cannot afford to do either.
I highlighted the statements you made regarding the disastrous effects of rent stabilization on the housing market because they are so true. And the city government controls have only gotten worse under de Boob (or de Bozio or whatever other well-deserved derogatory names to which he is referred). The housing supply situation will worsen as time goes by as long as de Boob is mayor.

Some in this thread have called for federal financial aid to NYC housing. That expectation is totally unrealistic in light of the fact that NY city and state have in large part created a shortage in housing supply through extreme over-regulation, especially through interference in the natural system of rent determination through supply and demand. You can't expect aid when you self-destruct due to the combined ideological governance of a staunchly leftist governor and an outright extremist mayor.

The funniest part of the Daily News article is at the end when it states "And that means he’ll face a challenge from the left" How can a staunch socialist face a challenge from the left? Such an idea tells us how extreme the NYC Democratic establishment has become, tragically for the city.

Last edited by spectator11040; 10-02-2015 at 10:16 AM..
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Old 10-02-2015, 01:57 PM
 
18,260 posts, read 11,663,507 times
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Quote:
Originally Posted by Kefir King View Post
Is that why there are no new buildings going up on the Upper East Side? <yes, sarcasm>
Yet IIRC few to nil of the new buildings on UES are "80/20". Only one can think of is the Glenwood development over on First (or is it York?) in the 60's or 70's.

That being said think much of the new properties on UES are condos or co-ops not rentals. 79th and Third, 79th and Lexington (former Hunter College site), 79th before Lexington (former antique dealer site), 78th and Lexington (former Ackerman Institute property).
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Old 10-02-2015, 02:01 PM
 
18,260 posts, read 11,663,507 times
Reputation: 11875
Quote:
Originally Posted by spectator11040 View Post
I highlighted the statements you made regarding the disastrous effects of rent stabilization on the housing market because they are so true. And the city government controls have only gotten worse under de Boob (or de Bozio or whatever other well-deserved derogatory names to which he is referred). The housing supply situation will worsen as time goes by as long as de Boob is mayor.

Some in this thread have called for federal financial aid to NYC housing. That expectation is totally unrealistic in light of the fact that NY city and state have in large part created a shortage in housing supply through extreme over-regulation, especially through interference in the natural system of rent determination through supply and demand. You can't expect aid when you self-destruct due to the combined ideological governance of a staunchly leftist governor and an outright extremist mayor.

The funniest part of the Daily News article is at the end when it states "And that means he’ll face a challenge from the left" How can a staunch socialist face a challenge from the left? Such an idea tells us how extreme the NYC Democratic establishment has become, tragically for the city.
Problem per se with these forever affordable RS units is just that; the City again is creating winners and losers. The winners get locked into a below market rental controlled basically by the government that they cannot be removed easily from. This regardless of if their income increases over the years until they reach whatever then amount qualifies for luxury decontrol.

Going down this route means there will never be enough "affordable" housing to meet the supply, especially if that number continues to increase.
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Old 10-02-2015, 02:09 PM
 
18,260 posts, read 11,663,507 times
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Quote:
Originally Posted by NyWriterdude View Post
Phase One of the Second Avenue Subway and the East Side Access have received considerable federal funding. The r160 order of cars, as well as hurricane preparedness upgrades to the subways got considerable federal funding. The city could spend every cent of its budget surplus and it still will not be enough to complete phases 2-4 of the Second Avenue subway. Much less build the Utica Avenue subway line de Blasio wants, the U.S. Government spends lots of money on propping up the governments of aied nations and even uses its military bases to protect allied nations, do if they can find the money to do that yes it is entirely the responsibility of the Feds to find transportation, infrastructure, housing, and education in NYC and other large cities.

how much money has been spent on middle eastern wars alone?

Speaking of big cites internationally in Eurole and Asia it's no big deal for the national government to step in and pay for mass transit internationally. Even our government is proposing the Gateway project to be built between NY and Nj and the Feds are saying they will pay for a huge part of it.
Transit infrastructure is another matter. Our comment was directed to the poster going on about housing, education and so forth. The federal government already is involved in education and you can see where that has gotten us. As for housing it is totally a local issue to which the issues can be laid squarely at the feet of NYC and NYS government.

Every state and local elected official knows the property tax system here is a hot mess. Yet no one has the balls to do anything about it because it would mean taking on single and two family homeowners who benefit the most. The other beneficiaries are those living in townhouses/brownstones worth tens of millions paying less or equal to a single family house. New York is probably one of the only places where co-ops and condos are taxed basically as rental properties. Meanwhile rental properties including RS and RC buildings are taxed at commercial rates.

Anyone who has taken an intro level college economics course knows two things; government interference in markets (price controls) cause distortions and rarely work as intended and the way to drive down prices is to increase supply.

Boston got shot of RS and while there was some pain overall that city benefitted. Housing stock improved and old properties were renovated and new rental housing was built.
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Old 10-02-2015, 02:13 PM
 
Location: Brooklyn, New York
3,233 posts, read 3,477,006 times
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Quote:
Originally Posted by Astorian31 View Post
We don't need thousands of units for people who make 20k,....
Agreed. If you are making 20k a year you shouldn't be living in NYC anyway. Thats basically a McDonalds salary in middle PA, where you can rent decent 1br apartments for $300 a month.
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Old 10-02-2015, 02:40 PM
 
1,232 posts, read 1,360,028 times
Reputation: 2152
Fools. Even if you could build a million new apartments, housing will always be a finite resource. It is literally impossible to provide an affordable apartment to every refugee, illegal alien, or poor person who wants one. There are literally millions of people that would flood in here if they had the choice. There simply isn't enough space. As this article so correctly notes, it's not just getting people into apartments, it's the cost of maintaining them and paying for the infrastructure to feed and support them.
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Old 10-02-2015, 02:56 PM
 
Location: Confines of the 101 Precinct
19,147 posts, read 32,681,385 times
Reputation: 7578
Quote:
Originally Posted by ny789987 View Post
Fools. Even if you could build a million new apartments, housing will always be a finite resource. It is literally impossible to provide an affordable apartment to every refugee, illegal alien, or poor person who wants one. There are literally millions of people that would flood in here if they had the choice. There simply isn't enough space. As this article so correctly notes, it's not just getting people into apartments, it's the cost of maintaining them and paying for the infrastructure to feed and support them.
We need to look at different options then:

http://nypassivehouse.org/

Solar Energy | SEIA

What is Hempcrete? | American Lime Technology Website

Affordable housing should not even be built unless it's using some of the options I listed above.

Time for NYC and developers to start building more effectively.
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Old 10-02-2015, 03:03 PM
 
18,260 posts, read 11,663,507 times
Reputation: 11875
Quote:
Originally Posted by spectator11040 View Post
I highlighted the statements you made regarding the disastrous effects of rent stabilization on the housing market because they are so true. And the city government controls have only gotten worse under de Boob (or de Bozio or whatever other well-deserved derogatory names to which he is referred). The housing supply situation will worsen as time goes by as long as de Boob is mayor.

Some in this thread have called for federal financial aid to NYC housing. That expectation is totally unrealistic in light of the fact that NY city and state have in large part created a shortage in housing supply through extreme over-regulation, especially through interference in the natural system of rent determination through supply and demand. You can't expect aid when you self-destruct due to the combined ideological governance of a staunchly leftist governor and an outright extremist mayor.

The funniest part of the Daily News article is at the end when it states "And that means he’ll face a challenge from the left" How can a staunch socialist face a challenge from the left? Such an idea tells us how extreme the NYC Democratic establishment has become, tragically for the city.

NYC and to an extent NYS Democratic party has become beholden to liberals, African Americans, Latinos and Hispanics along with a few other minorities. However they are being played and just don't realize it until too late. Nurses and others backed de Boob because he promised to "save" LICH and even got himself arrested for that cause. Once elected the mayor got schooled and soon backed off.

That is de Boob all over; he makes or made these liberal/progressive and even socialist promises/statements then someone sits him down. Afterwards we hear a totally different story as the man realizes what he promised just isn't going to happen.

This whole "affordable housing" scheme rests on private developers willing to get into bed with NYC government. Some will when it benefits themselves, others will out of altruistic reasons; but others will simply not mainly because they've seen too many fingers burned.
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