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Just what would that mean when all rents are higher and many Tenants who can afford where they live now can’t nor are capable or can afford to leave their jobs and move out of the city
What would that do to employment ? We can’t get employees now to fill the jobs …
The increases in rent will suck more money in to rent and less into other businesses .
It will act like a giant tax .
Nyc is the unskilled labor Mecca ..
It offers subsidized housing , lots of lower end jobs , a cheap expansive public transportation system , ethnic neighborhoods where one can live with their own .
So we tend to have lots of lower earners and jobs
Just poor logic here in your thinking.
In fact it is silly to even play the what if game as stabilization is not going anywhere here for all the obvious reasons including voters.
It will likely do nothing for those not stabilized as their rents are not going down and hurt those who are so it is a no win for politicians
" it is silly to even play the what if game "
That poster plays the what-if game here.
Call us when rent stabilization/tax breaks for developers are gone. It's not even something that is being discussed right now .
Just what would that mean when all rents are higher and many Tenants who can afford where they live now can’t nor are capable or can afford to leave their jobs and move out of the city
What would that do to employment ? We can’t get employees now to fill the jobs …
The increases in rent will suck more money in to rent and less into other businesses .
It will act like a giant tax .
Nyc is the unskilled labor Mecca ..
It offers subsidized housing , lots of lower end jobs , a cheap expansive public transportation system , ethnic neighborhoods where one can live with their own .
So we tend to have lots of lower earners and jobs
Just poor logic here in your thinking.
In fact it is silly to even play the what if game as stabilization is not going anywhere here for all the obvious reasons including voters.
It will likely do nothing for those not stabilized as their rents are not going down and hurt those who are so it is a no win for politicians
You still haven’t answered the question. If NYC can’t function without a heavily regulated housing market, then why does capitalism even work in the US? Let’s make laws to cap the cost of all goods in the US.
Don’t you think that the reason we have so many low paying jobs and “ poor” in NYC is because the cost of living is so heavily subsidized?
You’re not applying the correct thought process here at all (for whatever reason). The low wage jobs are precisely a manifestation of the subsidized cost of living. Instead of employers bearing the costs of that in wages (and building a business model Around that), the taxpayers do. Things aren’t “cheaper”. It just gets paid by different parties.
Like I said It is like trying to put the lid back on the tuna can
You can’t undo what was created without destroying lives
And no one’s rent is coming down after doing so. At this point there is nothing healthy coming out of it
It is like telling the guy who built the Brooklyn bridge , it is nice but can you move it two inches left
For millions in stabilized housing this is the housing base put in place
My slogan I have followed for my life is stop whining about the hand
Learn to play what you're dealt
"You can’t undo what was created without destroying lives"
Exactly! People are having a hard time affording the rent increase the RGB implemented this year on rent stabilized buildings. Anyone who thinks the city is even considering getting rid of rent stabilization is honestly delusional.
"You can’t undo what was created without destroying lives"
Exactly! People are having a hard time affording the rent increase the RGB implemented this year on rent stabilized buildings. Anyone who thinks the city is even considering getting rid of rent stabilization is honestly delusional.
A lot of people don't know that bread is a poison. It is what creates metabolic illness, diabetes and heart disease - not meat. But.. if white bread were to be banned, so many people would literally starve to death. It's another one of those things where bad implementation of policy (through the direct subsidization of big agricultural farms by the United States government) has caused a bigger problem than the one it tried to solve.
"You can’t undo what was created without destroying lives"
Exactly! People are having a hard time affording the rent increase the RGB implemented this year on rent stabilized buildings. Anyone who thinks the city is even considering getting rid of rent stabilization is honestly delusional.
well let me say this , no one is guaranteed in life their own apartment .
many have to golden girl it ....
but most of the working class do have a limited amount of dollars to work with and they budget accordingly .
it can be very life disrupting when you do something that requires major hits to cash flow .
imagine the chaos if social security really did cut pay checks by 25% , or did away with all spousal benefits ,
or no more aca subsidies , or no more tax breaks for your kids or home owner write offs .
you cant just throw peoples cash flow they live on under the bus and not expect major consequences .
A lot of people don't know that bread is a poison. It is what creates metabolic illness, diabetes and heart disease - not meat. But.. if white bread were to be banned, so many people would literally starve to death. It's another one of those things where bad implementation of policy (through the direct subsidization of big agricultural farms by the United States government) has caused a bigger problem than the one it tried to solve.
Like I said It is like trying to put the lid back on the tuna can
You can’t undo what was created without destroying lives
And no one’s rent is coming down after doing so. At this point there is nothing healthy coming out of it
It is like telling the guy who built the Brooklyn bridge , it is nice but can you move it two inches left
For millions in stabilized housing this is the housing base put in place
My slogan I have followed for my life is stop whining about the hand
Learn to play what you're dealt
No one is whining. What gets me is people not being honest about the situation. Yes, the reality is there’s RS and dismantling the system would cause a lot of chaos and pain (in the near term). That doesn’t mean the system is working. Claiming nothing healthy will come from correcting a throughly perverted market is flat out dishonest. The longer the distortions continue, the grater the pain that needs to be paid once it’s time to pay the piper. I guarantee you that this system can’t hold on forever. It will collapse from its own perversions anyhow.
Moving the BK bridge to the left for what purpose? What needs to be corrected?
The South also claimed that getting rid of slavery would ruin their society. The entire economy was built on slavery in the South. Some people benefited from it greatly. Many did not. In the end, the system needed to go and it was corrected (at great short term cost).
How about all the lives ruined by the city’s perverted housing market? Someone making $4 is eligible for affordable housing but someone making $4.05 is not? Someone who happened to move in in 1980 gets to live practically for free but others do not? And on and on.
You can claim that the RS market” is what it is “ and I would respect that. Instead you come up with all sorts of asinine excuses as to why ‘it’s actually far superior to a normal market and without it the NYC housing market would be even worse’. That’s dishonest and not true for the simple fact that this entire country is built on (quite successful) exactly the reverse.
I don’t have skin in the game here either way. I never looked for affordable housing. My goal was never to play the RS system because otherwise I could t live in NYC. I didn’t buy a $1.5MM condo in Brownstone BK and a home out on LI because I didn’t snag an affordable housing unit.
I don’t care either way except for the fact that some, like you, tell me that black is white and up is down.
Last edited by Esacni; 11-03-2022 at 03:02 PM..
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