The historical economics of rent control paints a dreary picture for the future of NYC.

Author: Curly1918 (17039 Posts - Joined: Aug 30, 2017)

Posted at 11:43 am on Nov 6, 2025

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Link: https://www.msn.com/en-us/money/realestate/zohran-mamdani-s-signature-housing-policy-is-widely-loathed-by-economists-here-s-why/ar-AA1PSGWw?ocid=entnewsntp&pc=U531&cvid=690ccd0e74a94153a282d569db724497&ei=100

Replies to: The historical economics of rent control paints a dreary picture for the future of NYC.


Thread Level: 2

Indeed. It is beyond stupid.

Author: BaronVonZemo (61897 Posts - Joined: Nov 19, 2010)

Posted at 2:21 pm on Nov 6, 2025

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Thread Level: 2

Rent control is not a solution. It sounds good, and has terrible effects. People don't know history.

Author: NedoftheHill (45408 Posts - Joined: Jun 29, 2011)

Posted at 12:43 pm on Nov 6, 2025

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Evil preaches tolerance until it is dominant, then it tries to silence good.
Thread Level: 3

Now you're an expert on the NYC housing issues. Love it.

Author: jimbasil (53517 Posts - Joined: Nov 15, 2007)

Posted at 12:56 pm on Nov 6, 2025

(no message)

Jack, he is a banker
and Jane, she is a clerk
Thread Level: 4

Discussed it in law school many years ago. Also, I've had family living in such housing in NYC.

Author: NedoftheHill (45408 Posts - Joined: Jun 29, 2011)

Posted at 1:01 pm on Nov 6, 2025

Expert is perhaps too strong, but thank you anyway.

Evil preaches tolerance until it is dominant, then it tries to silence good.
Thread Level: 5

Let me enlighten you on your expertise - You're wrong.

Author: jimbasil (53517 Posts - Joined: Nov 15, 2007)

Posted at 1:24 pm on Nov 6, 2025

(no message)

Jack, he is a banker
and Jane, she is a clerk
Thread Level: 6

Ok. Please try to offer something substantive.

Author: NedoftheHill (45408 Posts - Joined: Jun 29, 2011)

Posted at 3:16 pm on Nov 6, 2025

(no message)

This message has been edited 1 time(s).

Evil preaches tolerance until it is dominant, then it tries to silence good.
Thread Level: 7

When you price out all the workers where do they go and who repairs

Author: jimbasil (53517 Posts - Joined: Nov 15, 2007)

Posted at 4:06 pm on Nov 6, 2025

the empty neighborhoods they leave? That’s just one issue.

Jack, he is a banker
and Jane, she is a clerk
Thread Level: 8

When the rent can’t cover the cost of maintenance and repairs the City can condemn and turn.

Author: Curly1918 (17039 Posts - Joined: Aug 30, 2017)

Posted at 6:55 pm on Nov 6, 2025

the run down apartments into Projects… and we all recall how well that worked out.

This message has been edited 1 time(s).