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Affordable Housing Has “Helped Nearly Kill New York”
July 25th, 2006

In an article in the new edition of City Journal entitled Is There A Housing Crisis?, Nicole Gelinas argues that rent regulation has caused great damage in New York City, and blames Mayor Michael Bloomberg for not letting it naturally “wither and die.” Bloomberg is the just the latest of “generations of New York politicians, confusing rational housing policy with utopian social policy, [who] won’t trust the market to do its job.” Bloomberg’s plan to create or preserve 165,000 units of affordable housing will “prolong Gotham’s ill-starred twentieth-century attempt to achieve an impossible social goal: tip-top housing for the poor. However well-intentioned this plan, a look at the city’s dismal history of housing intervention shows that past efforts to do good by thwarting market and social forces—from implementing strict rent controls to constructing acres of public housing—helped nearly kill New York.”

By on July 25, 2006, 3:25 am
In category: Housing | 5 Comments »

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5 Responses to “Affordable Housing Has “Helped Nearly Kill New York””

  1. mike mikes Says:
    July 25th, 2006 at 12:54 pm

    I think there may be merit to the argument that rent control restricts supply, therefore stimulating growth in rental prices. But it always seems that those who would support such a policy always manage to drop some ridiculously insensitive comment like: poor single mothers are a problem of the under class. The calousness of just such a statement reveals an almost wanton willingness to risk many peoples welfare in order to pursue this type of “hands off” philosophy.

  2. Nasira Says:
    August 22nd, 2006 at 7:37 pm

    This issue should not get mired in the long winded rhetoric of communism or socialism. What everyone is failing to look at is housing prices are high ALL over the City. It is not a matter of poor people and tip-top housing, it’s about all people and any housing. The old rule of thumb was your rent should be 25% of your income. Based on that, to live in a three bedroom apartment ($1500 standard) in East New york, Brownsville, South Jamaica or Washington Heights your yearly salary should be $72,000. That’s not the reality but it’s a Landlord’s market and unless you want to leave NY, you’ll pay it. That’s not capitalism or a FREE market; that’s feudalism.

  3. Rosaphilia Says:
    September 24th, 2006 at 2:08 pm

    Not affordable housing per se, but allowing drug-dealers and users to continue to predate nycha housing and hud housing.

    drug test and mail-box test and put drug-users and those who harbour drug-dealers in supportive housing and stem the tide of illegal child-banks in public housing for the whores and drug dealers while the parents go to deleterious work.

    put them all in detox and transitional housing outside of the city.

    in their stead, move in honest, law-abiding disabled and civil servants (teachers, police, sanitation, bureaucrats) instead of requireing hoaky community service requirements and ignoring the masses of illegal aliens and underground squatters in public housing to persist in predation and vandalism and violence.

    if they can make $2k per week minimum selling crack, they sure don’t need subsidized housing.

  4. barbara paolucci Says:
    November 18th, 2006 at 7:40 pm

    The facts are these: 1) If NYC was umlimited in space available for housing to be built you could hope to have a free market work in providing affordable housing – but this is not the case. NYC has very little buildable space and something has to come down before new buildings can go up.

    2) If the Rent Stabilization Ass’n. – which is a landlord organization didn’t exist, then judges & politicians wouldn’t get those nice fat campaign contributions and might do their jobs so as to favor the public.

    3) If property taxes were eliminated, landlords would loose alot of support from both politicians and judges – at the very least, those who actually pay these taxes (which are the single family homeowner and all tenants) should get the tax breaks and not the landlords.

    4) Face it – the deck is stacked against us.

  5. doug Says:
    December 16th, 2006 at 2:15 am

    Free market home ownership is the only way out.

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