From Crains:Despite rent regulation, New York rent burdens remain unaffordable for most low-income households, according to a report released Tuesday by the Citizens Budget Commission.
In the report, the CBC defines rental housing as "affordable" when rent is 30% or less of the household's income. By this definition, in 2008, 54% of the citywide households in regulated units had affordable housing and about 52% of households in private, unregulated rental units had affordable housing.
However, among all city households with incomes below $35,000 living in private-sector rental units, only 10% had housing that could be called affordable.
Based on 2008 data, the average discount provided by rent regulation is 31%, or an average rent reduction of about $5,500 annually per housing unit. These discounts are not properly targeted to low- and moderate-income households.
According to the CBC's findings, the highest-income households receive the largest average benefit, a discount one-third greater than that for moderate-income households. In addition, the benefits are greatest for households in Manhattan, whose average discount is more than four times that of households in the Bronx.
17 comments:
You can thank the Potaki-Bruno axis for much of this situation.
They were determined to kiss the landlord's asses and kill rent stabilization. It proved too politically costly and risked riots and killings so they set in place a death by a thousand cuts.
So, Mr and Mrs, Joe Idiot that votes for these republicans because you think they'll be tough on blacks-Hispanics-immigrants, here is your reward!
Don't cry 'cause you got fucked by rebublicans (if you even understand that fact) just take your red necks and head south, I hear Arizona has a lot of empty cheap houses.
BTW: This story was covered months ago.
"Despite rent regulation..."
NO - Because of rent regulation....
Doesn't anyone get that???
Want affordable housing?
1. Cut taxes
2. Stop immigration
It is just a phrase to get the gullible to go along with development.
why do refugees get put ahead of NY'ers and Homeless Americans into public Housing projects and other government subsidized buildings? what is up with that?
being an illegal immigrant is the biggest scam going. how many illegals are homeless? a lot less than native born NY'ers'
Anonymous #1 (2nd Post)
You get it. Unfortunately most people don't.
Rent Regulation causes unaffordable housing.
YES ... But NONE of you get it....
As a paralegal, the rent stab. people had it all wrong
Instead of fighting tooth and nail each year for 1 or 2% less rent hikes
They left the back door wide open so landlord can spend whatever they wanted to get the apartment over $2000 and decontrolled. You don't know how many $3000 viking stoves are in 6th floor walk-ups... imported Italian marble tiles, luxury carpets, sub zero 8 foot freezers all to jack up the price..
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NO - Because of rent regulation....
Doesn't anyone get that???
"They left the back door wide open so landlord can spend whatever they wanted to get the apartment over $2000 and decontrolled. You don't know how many $3000 viking stoves are in 6th floor walk-ups... imported Italian marble tiles, luxury carpets, sub zero 8 foot freezers all to jack up the price.."
I used to work for DHCR and agree that luxury decontrol is idiotic. And, since i'm not cold-hearted and don't want to up the homeless population any further, I'm all for vacancy decontrol. Don't kick anybody out, but if they move or die, the apartment goes market rate. No trick, no gimmicks.
if you check the democratic campaign fund list you will see that most of the n.y.c. residential and commercial landlords and developers are on it.
cut out the saul alinsky marxist class warfare B/S.
That is NOT this issue......The landlord with the help of DHCR has NO incentive to just paint the apartment and up the rent $50,a month and keep tens of thousands of apartments a year affordable.
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I'm all for vacancy decontrol
I'm all for vacancy decontrol
Anonymous said...
"Despite rent regulation..."
NO - Because of rent regulation....
Doesn't anyone get that???"
Now, let's follow this idiot's argument ans see how he reaches this goal.
There are at present approx 850.000 rent stabilized apts in NYC (Rent control is much smaller with approz 70-80.000).
If Mr Ideological Asshole had his way rent regulation would be abolished. The net result of this? -Sudden increases of as much as ten times existing rent and massive evictions and homelessness (which the City and State would have to scramble to accommodate) as longtime tenants simply become priced out of their residences.
THAT is how the right wing in-the-pocket-of-landlords ideologues propose to create more housing that is "affordable" in our city.
What a sick joke these jerks are.
How about menu price controls for Lino? Maybe the government can dictate exactly how much he should charge for his food, despite what it does to his his profit margin. After all, eating is a right, just like hosing, isn't it?
Lino - whenever rent control laws have been abolished in other cities, averaged housing costs DROPPED.
but don't let facts get in the way of your welfare ideology
"kingb said...
Lino - whenever rent control laws have been abolished in other cities, averaged housing costs DROPPED.
but don't let facts get in the way of your welfare ideology"
Bullshit. Landlord-lackey comment.
Even my left-of-center friends from outside of NYC, like CT, MA and the mid-west, don't understand how regulating rent (destroying property rights) benefits the consumer (the person looking to get into an apartment, not the incumbent). On this, you lose Lino, you lose.
"Anonymous said...
Even my left-of-center friends from outside of NYC, like CT, MA and the mid-west, don't understand how regulating rent (destroying property rights) benefits the consumer (the person looking to get into an apartment, not the incumbent). On this, you lose Lino, you lose.'
So by your idiotic "logic" an incumbent as you call them should be priced out of his/her home so that your asshole friends from wherever can find an apartment (that they will have to pack with 5-7 in a 2br) and sate insatiable greed of some leech landlord.
Great logic you have there, not that I believe any of what you wrote to begin with.
So by your idiotic "logic" an incumbent as you call them should be priced out of his/her home so that your asshole friends from wherever can find an apartment (that they will have to pack with 5-7 in a 2br) and sate insatiable greed of some leech landlord.
No dope, I did not say that. Let the tenant paying $200 per month stay in their CPW apartment until they die. Then it goes market rate. What part of that do you not get? vacancy decontrol, not luxury decontrol. And you mistake me for someone who wants to live in a apartment in Manhattan All of my friends are outer-borough single family homeowners. Insatiable landlord greed? You are so single minded in your name calling. What's wrong with investing in income producing property? If no one did so you wouldn't be living in your rent-stabilized apartment, with a rent that you can easily pay because you self (under) report your income from your cash business while ripping off your illegal immigrant dishwashers!
"No dope, I did not say that."
N point in your trying to smokescreen me. The result of your heart bleeding for the leeches has been the loss of over 250.000 -truly- affordable thanks to jailbird Bruno and Potaki.
"And you mistake me for someone who wants to live in a apartment in Manhattan All of my friends are outer-borough single family homeowners."
Where did I mistake you for that? I know exactly what you are.
As for your smugness out there in your stick house, better pray you don't get sued for someone injured on your property, better hope you don't get really sick and find that our wonderful market based medical system with leave you broke and pleading with bankruptcy judge to keep that stick house.
Better keep some cash in reserve in-case the City has plans for "improving" your property (sewers etc) else they'll put a lien on that precious domicile of "yours".
Oh, and try not paying your taxes..really Mr Property Rights -try it.
"Insatiable landlord greed? You are so single minded in your name calling. What's wrong with investing in income producing property? If no one did so you wouldn't be living in your rent-stabilized apartment.."
Wrong. I live in a building that went co-op in the late 80's. We still have a number of renters here (the smart ones)and unlike someone of your type, I don't begrudge them for staying out of the illusion that is cooperative housing. Yeah, if/when they leave and we can sell the units our maintenance costs will decline..slightly.
As for my hatred of landlords and their flunkies, I saw two old tenants here, women in their 70s crying in the lobby back in early 1997 when that bag of excrement Bruno wanted to abolish rent regulation. They needn't have worried, no one here would have thrown them out and they were under city rent control, but all over my city people were suddenly scared of becoming homeless because of this wretched leech in Albany.
Good luck with your stick house, hope you like your new neighbors.
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