New York City affordability issue is very real. But why and what to do about it?
If rents are high due to limited supplies what "policies" might induce investors to build more housing units?
And if its lower income folks who are being squeezed is it even possible to build new units at a cost that will yield any profit.
What if this is a problem without a solution?
Is NYC in an economic death spiral?
Link: https://hereisnewyork.org/understanding-new-yorks-housing-affordability-crisis/
Replies to: New York City affordability issue is very real. But why and what to do about it?
I think electing a Marxist will eventually help with affordability issue...
Although…hard to afford a reduced rent…when tax base and jobs are fleeing…
Hopefully Snake Plissken’s death has been greatly exaggerated…
Here are some thoughts on the matter from fmr. San Jose, CA Mayor, Sam Liccardo...now Congressman
from CA's 16th District. While SJ isn't the size of NYC, its population is just shy of 1M...and it's in a very expensive area.
btw, as someone who actually had to deal with these issues over two terms, he knows what he's talking about...and has produced positive results.
You should also check out his comments on Homelessness and Safety, among other concerns.
Link: https://samliccardo.com/plan/housing-affordability/
San Jose and NYC aren't even close to apples and oranges... and the Federal government isn't bailing
either one out.
Housing is a local issue because it involves local geography, demographics regulations, taxes, etc.
Link: https://sanjosespotlight.com/san-jose-housing-shortage-supply-crisis-is-the-worst-in-the-u-s-usa-united-states-silicon-valley-santa-clara-county/
San Jose has the very same issues as NYC…which he mentions in the section I
posted. Since you were asking for assistance in understanding why big city housing was so expensive..and what to do about it, you should avail yourself of the experience Sam has…not just with SJ but his interactions with Mayors of L.A. and NYC.
Compared to Sam on these issues, you aren’t in the same league…wise up to that reality and read what he has to say…assuming you really wanted to learn…and not just throw shade ;-)
They need to move where they can afford housing. As long as it’s not in Florida. And if they do move
Here, change the way they vote so you don’t turn Florida into the shitshow that your are leaving.
Dem city economy built on legal weed, abortion, gambling, and prostitution.
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