all of that is incorrect. you dunno what you are talking about. again, rent control in manhattan is like rent control in beverly hills. there is no value in having poor people in neighborhoods they cannot afford, subsidized either by taxpayer funded public housing or by forcing landlords to lose huge profits. if people cant afford to live or to commute to manhattan, then they can live or commute to brooklyn. brooklyn is quite nice. if they cant afford brookln, they can live in the bronx. if they cant afford the bronx they can move to newark. there is no reason to to worry about who lives where. one places loss is another ones gain. and mexicans are happy to live in corona or flushing and ride 20 minutes for a lovely dishwashing job in midtown. if they are not, then perhaps dishwasher salaries will rise and i pay more for food in manhattan and that attracts the workers. this is how the free market works. it solves problems.
800 is undervalued. whoever owns that place could get 1000.i would pay 1000 except for there is no bathroom. morgan city is fun if you like seafood and want a backyard for your kids. and yeah i agree, stuff holds you down. and yeah, everything is relative. you might think that a wage that pays for an apartment that small is a slave wage. but chinamen live in places like that in chinatown, except they have a bunkbed and a live in groups. and they love it. we judge poverty by first world white standards.
also i should note that public housing is a terrible idea. my neighborhood is basically 100% white and latino. but not american white, like croatian and greek and montenegran and bosnian. and down the street is little egypt with iranians and all sorts of arabs. but never any blacks. its weird. no blacks to be found. every thing you can think of, no blacks. and then when i started running alot i ran around aall over the place, and i finally figured out that blacks are exclusively in the housing projects. like south of me is queens projects where nas and metta world peace are from. its like 98% black. so weird. why is that? why no indians or bengalis in the projects? and why is it worth it to taxpayers to build houses for back people in/near neighborhoods they cannot afford? i dont care if blacks are around. they can move to bensonhurst for all i care. also my neighborhood is crazy safe, exept over by the queensbridge station i run by, where the black folks recently stabbed somebody on my running route. good thing we help them out with the rent over there.
You underestimate greatly the impact on a city's commerce if the entire middle class and low paid employees of Manhattan had to commute from Jersey. And lot of business would be forced to relocate as well. Look, as I stated, I'm generally not in favor of rent controls because they just aren't needed in most places. But the fact that 200 American cities have some sort of rent control indicates that there are problems that rent controls address. Due to economic factors, low-cost rental housing is becoming scarce, particularly in industrialized urban areas. This tends to reduce the availability of affordable rental housing. In parts of Los Angeles and New York the vacancy rate is five times lower than what is optimum for a healthy workforce. Where the vacancy rate is low, landlords enjoy a quasi-monopoly in the setting of rents and conditions for tenancy. Such an imbalance in bargaining power often results in consumer exploitation. Another purpose of rent control is to prevent the hardship associated with losing one's home. Where alternative housing is unavailable, eviction can mean displacement from the community. For tenants, the ability to work in a city can easily be denied by rents that rise two or three times as fast as usual, or by displacement caused by eviction, demolition or conversion. As Chief Justice Rehnquist once noted, this is not only a substantial hardship for affected tenants, but it drains community resources and imposes "severe social costs" on a city. Your idea that workers can just move far away and commute would result in much commerce moving away as well. Cities will fight that.
So Red, how about I come rent all of your rent houses from you for 59% of the market rate? That's total bullshit for the govt to tell me what I can charge for my products. If the govt wants to do this, they should pay the difference. However, how about them just leave me alone? It's my house, let me charge whatever the hell I want for rent. Giving some people reduced rent on the backs of property owners is tantamount to unfair taxation.
. i used to commute from jersey when i worked downton. the train ride was 2 minutes to world trade. i think like 40 percent of the people that worked in wtc were from jersey. not many of hem lived on the riverfront like me, but their communtes were quite easy if they lived near the PATH train. let people live and commute the way they want and dont make them pay taxes to subsidize other folks living in high rent areas. trust me, a metro card will get you from rego park or jamaica or canarsie to manhattan just fine. nope. what it means is that politicians like to get votes from poor people. dude. some places are expensive. other places are not. landlords cant really own a monopoly on anything because people can live wherever they want. if you cant afford the lower east side, you can move to williamsburg. if you cant afford williamburg, you can move to sunnyside. eventually you can find a place that is cheap. i know 23 year old girls that make zero money playing in bands or doing crappy hostess jobs and live in brooklyn happy as a clam. nobody should be helped into an apartment in an aea they cannot afford, in the exact same sense that we shouldnt be buyin poor people nice cars they cant afford.
correct. like i said, price controls are always terrible. we need to stop taking sides and let people negotiate their own labor/lease contracts.
also i shold note that when i lived in jersey i was like 20 seconds from where sabanfan would always come for work. and he stayed at the hyatt down my street. i should come out and walked down the street to buy him a drink and talk shit about red.
Excellent article on how rent control drives out affordable housing. Long article, but worth the read. Rent Control is Bad!
Except that both the NYC commuter railroads and the subway system are running at capacity. If an exodus of all the rest of the workforce happened and they had to become commuters the system could not handle it. The tunnels to Jersey are 100 years old and the city did not add a third tunnel recently. It ain't like the low-paid and middle-class workforce is going to find enough affordable housing in Connecticut or Long Island, even if the train capacity was there. As always, the ego-centric martin is only thinking interns of his own situation. Young, mobile, childless, selfish, single, and no old or disable relatives to care for. Most people are simply not able to pick up and move and become a commuter. It costs money to do that for one thing. But more importantly people with families, wives with jobs, kids in school, aged parents to care for, etc., etc. etc. are completely disrupted by such a move and often completely unable of doing it. Your ideas are relentless ideological and philosophical and never pragmatic or realistic.
