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Rent regulation, restrictive zoning, landmarking. And they wonder why NYC has a housing shortage. NYC has the most regulated housing market in country and the most dysfunctional. That's NOT a coincidence.
Rent regulation, restrictive zoning, landmarking. And they wonder why NYC has a housing shortage. NYC has the most regulated housing market in country and the most dysfunctional. That's NOT a coincidence.
Correct. Also the size of the welfare state. There are millions of people living in NYC solely due to government subsidies.
It has and you’d think they’d have a handle on how to approach the situation by now but we remain to stay decades behind just like the signal system running the trains.
The city has done something,it came up with rent control and rent stablelize,there is only so much land in the city,people should KNOW before they move.
Some corporate employees turn down transfer to NYC as the employer does not compensate enough for the high cost of living in NYC.
The city has done something,it came up with rent control and rent stablelize,there is only so much land in the city,people should KNOW before they move.
Some corporate employees turn down transfer to NYC as the employer does not compensate enough for the high cost of living in NYC.
There are :
16,400 rent controlled apartments
1,048,860 rent stabilized apartments
and
2.2 million rental units are considered to be “market rate” or available on the private market without any regulation as to how much rent can be charged or whether a lease is offered.
NYC's infrastructure is maxed out with the current 8.8 million people. If anything NYC needs to downzone the entire city to keep critical things like the 100+ year old water supply system from collapsing.
There are :
16,400 rent controlled apartments
1,048,860 rent stabilized apartments
and
2.2 million rental units are considered to be “market rate” or available on the private market without any regulation as to how much rent can be charged or whether a lease is offered.
I have a problem with those numbers .
Where are those numbers from? Do they include the dozen or so different housing assistance services? Section-8? Housing vouchers? Many of those units are considered "market rate" but the government pays the rent either in part or in full, depending on the program. Here's a list of some of the different programs:
To your other post, yes, NY leads the nation in population loss. Even the liberal fact-check group Politifact had to rate that as unconditionally "true".
Census data shows that New York’s population declined by 1.58% between July 2020 and July 2021, which is the latest population estimate available. That was the largest percentage loss of any state during that period.
Now I guess you could argue that some of those people came back, or count illegals/refugees as "population growth" but those numbers aren't available yet so the point stands. More importantly though, when most people speak of people fleeing NY, they're talking about the middle class taxpayers. The poor don't pay income taxes, and the very rich (not "upper middle class", I'm talking hedge fund types and CEOs) don't pay nearly enough to keep things afloat in a modern welfare state. So replacing taxpayers with freeloaders isn't a net gain for the city.
Where are those numbers from? Do they include the dozen or so different housing assistance services? Section-8? Housing vouchers? Many of those units are considered "market rate" but the government pays the rent either in part or in full, depending on the program. Here's a list of some of the different programs:
To your other post, yes, NY leads the nation in population loss. Even the liberal fact-check group Politifact had to rate that as unconditionally "true".
Now I guess you could argue that some of those people came back, or count illegals/refugees as "population growth" but those numbers aren't available yet so the point stands. More importantly though, when most people speak of people fleeing NY, they're talking about the middle class taxpayers. The poor don't pay income taxes, and the very rich (not "upper middle class", I'm talking hedge fund types and CEOs) don't pay nearly enough to keep things afloat in a modern welfare state. So replacing taxpayers with freeloaders isn't a net gain for the city.
Housing assistance services is whole other topic I'm talking specifically about the amount of rent out there that is affordable in general. That's my issue, the lack of affordable housing which the article even stated that the city has 0.09% (basically ZERO) of 1 bedrooms that are under $1,400. That needs to change
Shelters have nothing to do with this. The OP provided a link for reference. Control find "shelter" "housing assistance" etc there is no mention of it in the article. It is a whole other topic. Start a new conversation about it.
People have no idea how to stay on topic here. Not going back and forth about things this thread isn't even about.
Shelters have nothing to do with this. The OP provided a link for reference. Control find "shelter" "housing assistance" etc there is no mention of it in the article. It is a whole other topic. Start a new conversation about it.
People have no idea how to stay on topic here. Not going back and forth about things this thread isn't even about.
You have blinders on to everything. You want a simple answer but your in for a rude awakening
“ City asks affordable housing developers to shift lottery units to house homeless”
All of this will affect the rental markets. Doesn’t matter if it’s rent control or free market rentals.
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