Manhattan Contrarian ping
NYCHA or CHY-na?
Ouch. This needs to be written better to get the info out there. Painful read.
> the trajectory of all socialist schemes ever attempted, having gone from an excited beginning into a long, slow death spiral <
Yep. Unfortunately, every leftist believes that “this time it will be different”. But of course it never is.
We will soon see another example of this when socialist/communist/Muslim Zohran Mamdani is elected mayor of New York City.
These subsidized housing scams have played a big part in the destruction of the black family.
It would be quite revealing if governments were required to publish data on what percent of the housing units were occupied by fatherless “families”.
Wow! Fantastic catch by Manhattan Contrarian.
The rest of the country pours money to the politically connected in NYC, while the Democratic Party gets the votes of the poor living in the heavily subsidized housing.
Why should I, or any other taxpayer outside of NYC, pay for housing in NYC? Any item that is subsidized means it’s being sold for less than market value. That also means it is “over-consumed” with too many people trying to buy what the market cannot supply. I would vote for removing the subsidy, sell to private investors who could rehab the properties, and rent them at true market prices.
Given the rent laws at 30% of gross income, most of the tenants are likely poor. This will cause a huge dislocation in the city. But...why would that be a bad thing? The change would now reflect the true cost of living in NYC and the rest of us taxpayers aren’t on the hook for the folly of experimental Socialism, which has NEVER worked...anywhere.
A guy I know made a pretty good living off of public housing projects. The residents would destroy own property, on purpose. For example, they’d tear out the copper plumbing then sell the copper for a few dollars at a scrap yard.
My friend would be called, and he’d make the repairs.
Rinse and repeat.
My friend eventually stopped doing the work. He said it was becoming too dangerous to enter the buildings.
Just auction the buildings off.
Ten percent of renovated units by number and space to be rented to essential [police, fire, correctional, school & transit in that order of priority, then by priority of years of service] employees at 36% of their salaries, with the city guaranteeing minimum rents of $30/sq. ft. year after prorated property taxation and adjusted by their average salaries.
The NYCHA shall have the pick of the renovated units to meet that 10%, excluding units on the ground floor and the uppermost two floors.
Existing tenants to make their own arrangements, with 10% of the auction proceeds to the existing tenants based on their timely rent payments in 2023, 2024 and the first eight months of 2025 and 5% of the auction proceeds based on occupancy during that timeframe so they have money to find a new place.
Federal taxpayers should not be on the hook for this, not for Sec. 8 housing in NYC or anywhere else in the country. If cities want to build and maintain subsidized housing, they should do so knowing they will have to do it with 100% of the costs to be paid locally. This is a local, not federal, issue.
Great article, by the way.
Bkmk
The city should by itself be responsible to find the tenants new housing using proceeds from selling the buildings to private interests. In some cases whole blocks should be sold off to developers, who will likely destroy the old buildings and build anew.
What would be the unit cost to demolish and rebuild?
Better yet, when the socialist becomes Mayor and corporate buildings become ghost towns, what would be the conversion cost to housing?
And why isn’t this an Article X issue??? What is the Constitutional basis for HUD anyway? That poor, tortured Commerce Clause?
Vegas isn't the only place that was better when the Mob ran it.