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Old 05-04-2016, 03:14 AM
 
2,301 posts, read 1,340,686 times
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some of these affordable apartments are less than $900. but yeah spending more than $1000 for a studio is ridiculous. yet most studios are now $1200+. hence why i can't move even though i desperately need to .
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Old 05-04-2016, 03:59 AM
 
75,703 posts, read 75,109,792 times
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Quote:
Originally Posted by BugsyPal View Post
New York City has a problem; despite decades of interference (rent control laws) there was not then nor is there now enough "affordable" housing. As the City like many other urban areas in the USA increasingly becomes a place of destination for certain demographics instead of fleeing things are only going to get worse.


Rent stabilization and control are a failure in terms of their stated purpose. Whatever their intent the practical matter is such units have become like hitting the lottery. Those who have or get a below market unit rarely leave unless they die. That means more must be created something not every landlord or developer is on board.


However the alternative is equally depressing; as seen with Boston if RS were ended vast numbers of low and even middle income persons would be shoved out of a good part of NYC.


That being said Boston did show what good can come out of ending rent controls. The housing stock there dramatically improved as LLs began to put money into their properties and developers built new or renovated. You can see some of that already in NYC; buildings that were once mostly RS or RC that now are a healthy mix of market rate (if not all) have been gussied up and look great.
renovation and building permits soared in boston after the regulations were done away with .

rents did go up over all but that is because new cost money and all these very nice renovated apartments had to be paid for
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Old 05-04-2016, 09:22 AM
 
Location: Queens, NY
436 posts, read 454,695 times
Reputation: 210
Cities need the working class but that same working class can't afford to live in the cities. Funny how that works.
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Old 05-05-2016, 09:44 AM
 
Location: Manhattan
22,280 posts, read 29,432,157 times
Reputation: 10215
Quote:
Originally Posted by vision33r View Post
$75k salary is the new NYC minimum middle class wage.


ANd yet people pyss and moan because others a want a $15 minimum wage.
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Old 05-05-2016, 10:41 AM
 
25,176 posts, read 18,490,281 times
Reputation: 9755
Quote:
Originally Posted by NYer23 View Post
Make it easier to evict tenants and you wouldn't need the 40x guideline.
And add to the growing population of NYC homeless people. Poor people increasingly DON'T leave the city............
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Old 05-06-2016, 09:35 AM
 
Location: Manhattan
22,280 posts, read 29,432,157 times
Reputation: 10215
Quote:
Originally Posted by Cida View Post
Maybe the real issue is less the cost of the apartment, but more the absurdity of the 40x idea.


I agree. Using an overall blanket requirement like that is nonsense.
Watch how fast it disappears during the next serious economic meltdown.
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Old 05-06-2016, 05:14 PM
 
2,727 posts, read 2,339,778 times
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If one can not afford to live in NYC....then they should not live in NYC.

Why the government feels the need to subsidize generations of people so they can live where they want, I will never understand.
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Old 05-06-2016, 05:17 PM
 
2,727 posts, read 2,339,778 times
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Quote:
Originally Posted by Kefir King View Post
ANd yet people pyss and moan because others a want a $15 minimum wage.
Because $15/hr minimum wage will increase the cost of goods and services across the board - but the guy making $75k will not see any wage increase - so that $75k will no longer be middle class
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Old 05-06-2016, 07:06 PM
 
3,903 posts, read 2,392,060 times
Reputation: 1939
Quote:
Originally Posted by joeymags View Post
If one can not afford to live in NYC....then they should not live in NYC.

Why the government feels the need to subsidize generations of people so they can live where they want, I will never understand.
People who are impoverished cannot just pick up and move.
What part of that do people not understand?
Moving can cost thousands of dollars.
If someone is living paycheck to paycheck, how can they afford to move?
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Old 05-06-2016, 07:12 PM
 
Location: Brooklyn, NY
2,344 posts, read 1,473,927 times
Reputation: 1089
Will the $15/hr actually help the impoverished? Would the cost of living not just increase along with the minimum wage? In absolute dollars, they'd be making more money, but will they also have more buying power in the long run? I'm not convinced they will.
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