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What would happen in NYC if rent control became a thing of the past. Would it be a free for all? Would people really be able to afford to live in the city, and if so, for how long before people get outpriced again? Just curious.
I understand how unfair RC is, at least on paper. But if there were no limits on how much landlords could charge, and everything was left to the whims of the market it seems as though the city would just be that much more unaffordable, across the board.
If Boston is any example overall the benefits would be to middle to above income residents along with the City has property values would increase (due to LLs investing in their properties to attract higher rent tenants).
Losers would of course be the poor, some working class, the elderly and anyone else unable to afford higher rents.
Walk around Manhattan, the only thing keeping many of those old to ancient residential buildings up is that they are full of RC or RS tenants. Market rate tenants move all the time; rent controlled normally do not vacate unless removed by God (death) or the courts (rarely).
What would happen in NYC if rent control became a thing of the past. Would it be a free for all? Would people really be able to afford to live in the city, and if so, for how long before people get outpriced again? Just curious.
I understand how unfair RC is, at least on paper. But if there were no limits on how much landlords could charge, and everything was left to the whims of the market it seems as though the city would just be that much more unaffordable, across the board.
Landlords can't charge with the market isn't willing to pay.
So clearly NYC wouldn't be unaffordable if landlords were renting out apartments.
The greed of both residential and commercial landlords is setting NYC up for a "burn baby burn" when something like a blackout
occurs.
The middle class stabilizes neighborhoods by staying in their homes and by giving a damn about the neighborhood. The yupsters can just pick up and move.
When the issue bursts in flames, the lower class will take what they want from the yupsters. Trust me, there won't be a please and thank you involved.
I loved living in Manhattan but certainly will only be able to return by hitting the powerball.
Be aware that pushing the lower middle class out of areas like Brooklyn will be the precursor of violent retaliation.
Losers would of course be the poor, some working class, the elderly and anyone else unable to afford higher rents.
Setting aside the elderly, the real losers would be "anyone else." Around here it would be many families - all of which are working class or a bit more. It would stand to reason that this is the same elsewhere.
Few poor around here are in regulated units, if by "poor" you mean people with significant benefits; generational poverty. What are legally identified as "very low income." They are mostly in some sort of program housing, HOME or similar. Most were evicted from regulated units over the last five years or so, usually for non-payment.
Those people will not be going anywhere even were every regulated unit made market.
Social ethics notwithstanding, I am tired of living around "new" New Yorkers, a tiresome bunch with too few exceptions. This is not surprising in a context where cash is the only criteria for acceptance, rather than talent, intelligence, potential for contribution ... and so on. Ability to compete given talent. Who cares if they cannot find more affordable housing. The vast majority of the non-landlord, non-broker population complaining about regulation are people who arrived and are bitter about not finding a regulated unit. They often admit this.
Suffice to say that we would far rather live around native-ish working-class people. For more we can go to one of the very few decent spots left downtown. Or have dinner parties, which we do.
When the issue bursts in flames, the lower class will take what they want from the yupsters. Trust me, there won't be a please and thank you involved.
Oh man I can't effin wait!
If the lower class rioters bring their own body bags, I even promise to bag them up and set them aside nicely so their families can claim them when it's all finished.
If the lower class rioters bring their own body bags, I even promise to bag them up and set them aside nicely so their families can claim them when it's all finished.
The greed of both residential and commercial landlords is setting NYC up for a "burn baby burn" when something like a blackout
occurs.
The middle class stabilizes neighborhoods by staying in their homes and by giving a damn about the neighborhood. The yupsters can just pick up and move.
When the issue bursts in flames, the lower class will take what they want from the yupsters. Trust me, there won't be a please and thank you involved.
I loved living in Manhattan but certainly will only be able to return by hitting the powerball.
Be aware that pushing the lower middle class out of areas like Brooklyn will be the precursor of violent retaliation.
The NYPD has lots of experience in dealing with the "lower" class. If need be they can be backed up by the national guard, and the overall US military.
The lower class has already been pushed out of much of Brooklyn and there has been no violence. People know better.
The greed of both residential and commercial landlords is setting NYC up for a "burn baby burn" when something like a blackout
occurs.
The middle class stabilizes neighborhoods by staying in their homes and by giving a damn about the neighborhood. The yupsters can just pick up and move.
When the issue bursts in flames, the lower class will take what they want from the yupsters. Trust me, there won't be a please and thank you involved.
I loved living in Manhattan but certainly will only be able to return by hitting the powerball.
Be aware that pushing the lower middle class out of areas like Brooklyn will be the precursor of violent retaliation.
Is that why NYC burned in 1977 when zero gentrification was going on outside Manhattan and didn't in 2003 when gentrification was in full bloom?
Stealers gonna steal. There's no justification for crime, and the element of society that engages in that behavior isn't going to make the distinction between middle class vs yuppie, minority vs white or any of that. All that matters is you have something they want and they have an opportunity to get it. Also, the lower middle class/working class aren't generally the looters. Those who be the very poor who by virtue of subsidy are immune to gentrification even in the toniest areas and are very much politically protected.
Landlords can't charge with the market isn't willing to pay.
So clearly NYC wouldn't be unaffordable if landlords were renting out apartments.
Again, you don't know what you are talking about.
Large swaths of Manhattan along with now Brooklyn (mostly west but slowly moving eastwards) along with perhaps parts of Queens and even Bronx would be emptied of "affordable" housing if RS were ended. In about a five years or less (depending upon when leases expired) current tenants would be forced to hit the bricks.
UES, UWS, Chelsea, Tribeca, Mid-town West and East, Brooklyn Heights, Park Slope, Far West Side, Hell's Kitchen, etc.... all have RS/RC apartments. In many cases these units are below market rate and that includes all the 80/20 "lottery" affordable new housing.
The number of places landlords cannot get market rate and or where the legal RS rent is higher than most would pay is slowly dwindling thanks to gentrification. People pushed out of Manhattan are heading to Brooklyn, Queens and even the Bronx. That in turn is pushing those even in once bad areas of those boroughs further out into *really* bad areas such as Bushwick.
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