Posted on 07/07/2014 8:15:41 AM PDT by SeekAndFind
One thing we know about Mayor de Blasio is that he’s serious about creating affordable, quality housing for all New Yorkers.
“This is literally the largest and most ambitious affordable-housing program initiated by any city in this country in the history of the United States of America,” de Blasio declared when he announced his “five-borough, 10-year plan” in May. “It is the largest, fastest affordable-housing plan ever attempted at a local level,” he added, vowing to “change the face of this city forever.”
Hear that kids? Your rent worries will soon ease. Great news!
I wonder if the new promise will work out like similar vows from Mayor Bloomberg (“We’ll pursue the most ambitious affordable-housing initiative in New York’s history,” 2006), Mayor Ed Koch (“we won’t rest until the housing we so desperately need is built. The housing shortage is our most severe and intractable problem,” 1986), John Lindsay (who pledged $2 billion to build “160,000 units of low- and middle-income housing,” 1965) and John “Red Mike” Hylan (who said the law of supply and demand should be repealed when it came to housing, citing WWI as the emergency of the day. It was 1920.)
(Excerpt) Read more at nypost.com ...
If paid enough I could “live” in NYC (as my legal address), but it would take many, many dineros.
New York City is the last place in America I would ever want to live.
But, if the market is such that so many people do want to live there, especially in Manhattan, then the market will set the price of housing there.
New York went through a long stretch when many apartment buildings were abandoned, due to rent control. Landlords couldn’t charge enough rent to cover their own costs, so they abandoned the properties.
Is rent control still in effect there? If so, I’m sure that housing prices are even higher than they would be otherwise, if they have “grandfathered in” some people at lower rents.
De Blasio may be a communist at heart, but, in our system, he can’t repeal the economic laws of supply and demand. And those with money who want to live in Manhattan will squeeze out those who can’t compete money-wise.
Or, we may see people try to revitalize slum areas in Brooklyn instead of trying to be in Manhattan. If we can get that idea past Spike Lee............
Well, The Bronx is largely on Manhattan.
I’ve heard The Bronx was one of those areas which became slums, due to landlord abandonment of apartments.
I would love to know, if they build all this “affordable” housing in New York, how will they prevent them from becoming hell hole housing projects????? It’s a fair question to ask, because public housing projects in major cities are hell holes, and Section 8 housing tends to bring down neighborhoods as the less than desirable people move into the units.
So how will de Blasio’s plan be different than any public housing initiatives of the past????
And there’s no God-given right to live in the United States of America.
I’m not sure it’s accurate to refer to residing in NYC as living.
People pay $7,200 a month in rent for a two bedroom apartment in New York City. I’m assuming that’s with no yard or garage.
Yet, people can afford to pay this.
If you go by the old rule of “Don’t spend more than 20% of your take home pay on housing costs”, then a couple in New York City earn $35,000 a month? Wow. Invest in those Star Trek transporters. Think of the house you could buy in Nebraska on $35,000 a month. And you just “beam” to and from work.
This is the problem in many west coast cities/urban area.
People want to live in great areas and have zero funds or jobs to enable that pipe dream.
Yet each city or area like the Bay Area tries force “Affordable housing” on the local tax payers to bring in those without funds or jobs to afford the housing. If and when they get the unaffordable housing, they want an increase in their welfare or their minimum wage salaries/jobs to enjoy the life style.
Good point.
You pose a great question based on the reality of housing projects. However, when we ask the left wingers to look at reality, we are called racists.
“I would love to know, if they build all this “affordable” housing in New York, how will they prevent them from becoming hell hole housing projects????? It’s a fair question to ask, because public housing projects in major cities are hell holes, and Section 8 housing tends to bring down neighborhoods as the less than desirable people move into the units.”
thats already been ongoing for years. Brooklyn has far fewer ‘slums’ and more urban preppie areas.
“New York City is the last place in America I would ever want to live.”
I don’t know, so may places that I wouldn’t live in: Chicago, Los Angeles, San Francisco, Berkley, Boston, DC, Memphis, ...
Of that list, the only city Inwould want to live in is Boston. Chicago, Memphis, DC all crime ridden. The ohthers are in CA, enough said.
Well, when crime gets bad enough as he stops all the effective policies of the NYPD, rent will go down as people flee. Problem solved.
In NYC or Chicago, you have to worry about getting mugged.
In LA, it's the drug gang problem.
In San Fran or Berkeley, you'd just have to worry about your sanity, due to your neighbors crackpot ideas.... But all of them have punitive taxes.
I think the ‘desirability’ of living someplace is better related to by population density.
The more ‘dense’ the population, the more problems.
RE: Think of the house you could buy in Nebraska on $35,000 a month. And you just “beam” to and from work.
Well, if I had the Star Treck Transport, Nebraska would not be my first choice... I’d be looking at a mansion in the beaches of Phuket, Thailand :)
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