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Get the city out of the housing business. Get them out of the way of the people that are in the housing business. Let the market correct itself after years of government mangling.
Specifically, get rid of rent regulation and landmarking. Why are there any 4-6 floor 100+yo brick walk up on the avenues? Because the owners can't empty them, and a lot are landmarked and can't be torn down. This is ridiculous.
Much has been made over how all new housing is being made for the rich. That's because the city can't generate enough housing at any give time to satisfy the demand from the wealth. Just ramp up the production so that it does.
And look at areas like the central and west Village. This area has some of the best transit service in the city. And it's all old, low rise crap. Get rid of the landmarking, double or triple the zoning FARs, and watch a lot of the housing problem go away.
This is exactly the problem DeBlasio has created because you can't fix interfere with capitalism with socialism. Capitalism will always find a way to win.
I'm not wealthy (and probably will never be), but I fail to see the benefit of "forcing" affordable housing in high-income areas. The focus should be on improving the low-income areas; it just makes sense.
The idea is that if you put a high concentration of poor individuals into one area nothing will come from it because everyone is barely getting by and no one has any money to help invest in their neighborhood.
However if you mix everyone both rich and poor into a neighborhood then what you would hope for is that it would generally hep the neighborhood because the rich can invest in the neighborhood, bringing in more dollars and jobs for the poor who then become employed and can then also contribute back into the neighborhood which would then reduce crime since most would have a source of income and again the number one cause of crime is lack of money
When a Lower income area becomes more desirable the city should sell the building and evict and give them vouchers or move them to other projects. Beggars cant be choosers, Projects should not be in manhattan south of CP.
When a Lower income area becomes more desirable the city should sell the building and evict and give them vouchers or move them to other projects. Beggars cant be choosers, Projects should not be in manhattan south of CP.
This thread is hilarious. You can just picture some of these individuals.
And clearly, at that.
I love the random capitals and evacuated punctuation. So creative.
Get the city out of the housing business. Get them out of the way of the people that are in the housing business. Let the market correct itself after years of government mangling.
Specifically, get rid of rent regulation and landmarking. Why are there any 4-6 floor 100+yo brick walk up on the avenues? Because the owners can't empty them, and a lot are landmarked and can't be torn down. This is ridiculous.
Much has been made over how all new housing is being made for the rich. That's because the city can't generate enough housing at any give time to satisfy the demand from the wealth. Just ramp up the production so that it does.
And look at areas like the central and west Village. This area has some of the best transit service in the city. And it's all old, low rise crap. Get rid of the landmarking, double or triple the zoning FARs, and watch a lot of the housing problem go away.
All multi-family housing should be nationalized and rents should be set at 30% of the income. Any remaining needed funds should be garnered from taxing the rich, wall street, and the banks. The city needs to begin demolishing decrepit century old tenements and replacing them with co-op city/starrett city style housing developments that are either cooperatively owned by the residents or publicly owned by the people as a whole.
Next, begin to expropriate the banks and the one percent. Freeze the assets of the top 10%, and slowly work your way down expropriating the top 10 percent and dividing up their trillions of dollars into public works programs to build cooperatively and publicly owned quality housing projects. Nationalized banks should be used to fund such projects as well as the seized capital of the landlords and bosses.
Also, we should be afraid to build 60 story buildings of housing near public transportation. It's proven that dense housing alleviates affordable housing shortages and often results in bigger apartments.
Also, we should begin to try wall street bankers for their crimes and place them in jail. Their mansions should then be converted into emergency housing for the homeless
Start charging taxes on foreign buyers who purchase property here and don't plan on using it as primary residency.
You know that those "foreign buyers" pay vast sums in real estate transfer taxes when they purchase those properties regardless of how often or long they live. You also know these persons pay vast amounts of real estate/property taxes yearly regardless as well. You do know that because of the taxes, fees and surcharges generated by such transactions is one reason that NYS, NYC and the MTA are swimming in money. You know that, don't-cha?
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