David

[MobstersDaily @MobstersDaily]

pay for everyone there

[David @David54596039]

@YGFAFO @AffordAnything These rents have not been raised exponentially. The rent stabilization laws date back to WWII. This problem is 80 years in the making, and the changes in 2019 made it worse.

There's no need to curse at someone who lives here and knows more than you.

[David @David54596039]

@AezzieUwU It is happening as we speak in Austin, Texas

[David @David54596039]

@AezzieUwU In 2009 in Park Slope I called my landlord and got my monthly rent lowered by $400
The economy was bad and there were 4 vacancies out of 24 in my building
That was an extreme situation
More typical is the landlord holds the rent steady and wages go up, effectively lowering rent.

[David @David54596039]

@rlesterk My grandmother (born 1918 in Brooklyn) told me that they used to move every year because you would get 1 month free rent and a fresh coat of paint.
High vacancy rates provide housing security.

[David @David54596039]

@countrycabin705 No.
Rent control, which is quite rare, is based on the individual tenant.
Rent stabilization affects entire buildings.

[David @David54596039]

@hecubian_devil NYC already has social housing.
It's called NYCHA and it's in financial trouble.

[David @David54596039]

@PeterMoskos I'll keep my eyes open and look for a large project that gets approved at 100% market rents. I'm in Queens and most everything I've seen is a 80/20 blend.
May take a while.

[David @David54596039]

@AezzieUwU The housing situation continued to deteriorate.
Also, DeBlasio did these freezes during low inflation and very low interest rates.
And the laws changed in 2019 making the financial situation more difficult for owners

[David @David54596039]

@PeterMoskos Small projects just the usual red tape.
Larger projects face landmarks, community board, and politicians looking to score points.
https://t.co/LWYgp3tMJU

[David @David54596039]

@evancholerton It may be good politics but it is bad policy.

It's one of the few things that a vast majority of economists agree on.

[David @David54596039]

@JohnKir08660882 @StatisticUrban I am against rent control for both freedom and economic reasons.
But you don't live here and you don't know the local situation.

[David @David54596039]

@PeterMoskos Projects get stopped all the time.

[David @David54596039]

@CLAUDIAPOSTING Do your friends and neighbors also get to enjoy a rent freeze?

And by people like you, do you mean people of modest means?
Because 30% of the people who just got a 2 year rent freeze make $100,000 a year.

I'm not getting anything and I don't make that much

[David @David54596039]

@JohnKir08660882 @StatisticUrban This has nothing to do with illegal aliens and everything to do with governments distorting markets

[David @David54596039]

@SenatorLuma Big sliver in NYC

[David @David54596039]

@schadenfraade 80 years. Since WWII.

And a state of "housing emergency" practically the while time. (<5% vacancy)

These basic rules have been a disaster.

[David @David54596039]

@HeerJeet Vietnam is ancient history.

Iraq is a modest success.

Trump lost Afghanistan. Actually, he gave it away, but it wasn't worth having.