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Henna, could you stop analying my posts as if they were the Rosetta Stone? It's getting on my nerves. And no, I wasn't saying the article didn't say what I praised it for saying--it gave some informative information about the incentives behind these projects. But the article was a tired take on the housing lottery, and that's what I think hit such a nerve here. Please. Stop quoting back passages to me. I'm sure you have better things to do with your time. But, hey, maybe I should thank you. I don't believe anyone has ever paid this much attention to any idiotic opinion I've ever had.
The only individuals who are in favor of 80/20s are either losers (and this is their only way of "winning" in NYC) or those who want to game the system. There are plenty of losers in NYC who only exist here because of government handouts and there are plenty of individuals who like to game government subsidies in NYC.
Please explain to me how any rational person is in favor of affordable housing in its current incarnation?
I'm all for affordable housing. I really am. I'm for it if there's affordable housing for ALL. What choices the government the right to pick winners and losers in this manner? Especially when it comes to something as important as housing in NYC?
What comes the government the right to choose a few winners at the expense of everyone else and not work towards an actual solution to the problem?
Ive never been eligible for one of these. It has never even crossed my mind. I graduated HS with good grades. Got a BS then an MS and got decent jobs. How am I or millions of other NYCers any less deserving? Because we're actually NOT LOSERS?
MY parents were immigrants who came to the US in their early 30s from the soviet Union. They had zero English skills and didn't know how to operate in a free market economy. They busted their ass and bought and paid off a house in NYC. They sent my brother and I to college. How were they any less deserving?
In the Soviet Union the only way to get something" good", like a new refrigerator or a car was to either know or to bribe someone. Guess what? Soviet citizens got really good at and used to this state of affairs.
I can understand affordable housing exceptions for seniors and the mentally and physically disabled. In that case I think (most), everyone will agree that the government can work only for their benefit.
Last edited by wawaweewa; 11-04-2017 at 05:34 AM..
Ugh. the first person in that article REEKS of someone who pads their income with money from the bank of mommy and daddy. People do it all the time, and they send their adult children CASH or if they live local slip it under the table at restaurants so none of it is traceable as income. I'm tempted to google her to find out her history, but it will just make me madder and more jealous and I don't need that right now lol. The other two mentioned in the article were fine.. A single mother with a kid? fine. The third woman clearly is in the higher income bands so she's still paying out the wazoo. fine. That 24 year old grinning like a cheshire cat on molly is obnoxious though. And yes, I am coming from a place of jealousy and envy! Don't tell me half of you don't feel it too. She also said she wants to live there for the rest of her life :/ okay. that's nice, but you're only 24 and what if you meet someone? Oh great, she gets to move in her stanky boyfriend or girlfriend. Shouldn't be that way...
I don't agree with you on much but on this topic we are in full agreement. I personally know of a few examples like this.
I actually think this NYP article is doing everyone a favor and it specifically chose to showcase some white recipients to show that not all affordable housing goes to your traditional stereotyped minority.
I personally know of a young Asian woman who lives with her parents in their nearly $1 million home. She has a ****ty job and likes it because she's applying to lotteries. She's going to school part time instead of full time so that she can work a crappy job to satisfy the income requirements for lotteries. She actually asked for a demotion at her job to stay in lottery income brackets. Lol she's an extremely selfish and shifty person so it doesn't surprise me one bit. I'd also venture to guess that this idea didn't originate with her.
I'm not exactly sure of all the nuances of these lotteries but I am sure that she's gaming the system.
This phenomenon is fairly new. Whereby some shameless children (and their parents) of the middle class and upper middle class are applying for lotteries because the deals are too good to pass up.
Being happy for someone else is cool, you guys should try it sometime.
OH cmon on.
I'm happy for those who bust their ass. Who risk their energy and capital. Those who have skin in the game and are rewarded.
I'm not claiming that the answer is to unhappy for them but what's there to be happy about? If you're happy for those who won a lottery than what's your emotion for those who actually achieved something? Ecstatic, exuberant, orgasmic?
Last edited by wawaweewa; 11-04-2017 at 06:06 AM..
Do people get to stay in these places as the years go on and their income rises?
From what I gather its a guaranteed 20-25 year lease and are considered rent stabilized apartments. Income is not taken into account after you get the apt.
Why do you think so many try to game the system to get one of these?
I can see those getting studios maybe being forced to move if they want to have children but anyone with a 1 bed+ is there until they die.
From a behavioral economics standpoint getting an apt like this starts to dictate the choices one makes in in order to keep said apt.
I think before we get rid of the housing lottery, which I think is generally ineffectual and a really small palliative for the actual problem, NYC needs to redress some far more fundamental real estate issues. One is its lobbying power, and all lobbying power, needs to be strongly curtailed. There was that bill restricting and making more transparent LLCs—that would help. Another is the ridiculous property tax assessment system which allows for properties that sold in the tens of millions to get property tax assessments equivalent to property a fraction of that value. Finally, there should be both a non-NYC resident owner’s tax or title transfer fee (it doesn’t have to be massive) and a vacancy tax for any property that does not have someone registered there as a primary residence in terms of US taxes.
These subsidized tenants have nicer apartments than people who make far more money. What does that do to the motivation of people out there who pay their own way?
The 80/20 program does not provide significant amounts of affordable housing but rather benefits a select few, including lottery winners and building developers. Why do so many on the Left support these types of programs, since the overall effect is minimal? My theory: it reinforces their world view that success is primarily a matter of luck.
The costs of this program are hidden. Developers get a tax break, which means that other taxpayers must make up the difference one way or another to fund essential government services. I would like to know exactly how much this costs the city on a per-apartment basis. This entire program is a misuse of government power in my opinion.
If the House Tax legislation were to become law it would definitely reduce the number of affordable housing created here because it would repeal the tax exemption for private activity bonds. There would be more moaning here for sure.
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