From the NY Post:Despite a recent decline in the number of rent-regulated apartments, nearly two-thirds of the city's 2 million rental units still enjoy price protections or government subsidies, according to a state report released yesterday.
The analysis by Comptroller Thomas DiNapoli found a staggering 1.4 million -- or 64 percent -- of the Big Apple's 2.1 million rental apartments are rent-stabilized, taxpayer-subsidized or publicly owned, although the Democratic comptroller stressed the "loss" of some 10,000 rent-regulated units in the last decade.
DiNapoli blamed the drop -- less than 1 percent of all rent-regulated apartments -- largely on late-1990s measures that allow landlords to deregulate units after they go vacant or when the monthly rents on the units surpass $2,000.
The report comes just one week before the current "emergency" rent regulations hit their June 15 expiration date and threaten decades-old price controls for over 1 million city apartments under the rent-stabilization program.
17 comments:
Rent stabilization on certain sized apartments for ex: 6 rooms legally occupied by a couple with very high income (175K) should be targeted to be removed from the subsidy. Instead a large family of 5 could be living there with a rent of under 2K for a maximum income of 125K. There are choices in NYC to live in bigger apartments (Queens) or much less costly apartments - but it seems stabilization is most prevalent in Manhattan where folks refuse to let go of their apartments.
The example of the couple I used above or single individuals with high incomes should be prevented from obtaining a stab apartment to begin with but many are on stab for over 30 years. I know of a couple w/ no children on the UWS making 225K who when asked why they don't own their own place. They explained that they do - they have a 2nd home on Long Island that they pour money into that they otherwise would not have if stab did not exist. They currently pay 1350 monthly for a stab 1 bedroom in a walkup off CPW near the museum row.
That's 2/3rds too many stabilzed apartmentts.
2/3 controlled = everyone else pays 5x what the real rate would be.
Way too many! Time to have all these apartments inspected and reevaluated. The free lunch is over. People need to pay up or move to a state with cheaper housing.
"Affordable Housing" advocates really need to STFU now.
2/3 of this city is for the leeches, and that's not enough???
How many does Charlie Rangel have?
(Yet he gets re-elected)
I am part of the middle class whose taxes are not going to help me but pay off some developer fat cat.
If something like this helps me, do I feel bad? All the big shots get tax breaks and tax subsidies and what not, so why not me?
"If something like this helps me, do I feel bad? All the big shots get tax breaks and tax subsidies and what not, so why not me?"
Because they are producers and you're a consumer.
Where did these numbers generate from???? This is NOT the case in Queens! I cant beleive a word of these idiots.
DiNapoli Analysis: Affordable Housing Scarce in New York City
"If something like this helps me, do I feel bad? All the big shots get tax breaks and tax subsidies and what not, so why not me?"
Because they are producers and you're a consumer.
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Hardly, not on my income.
A developer's daughter whoring up on sping beak on daddys credit card in one month is what I live on over a season.
Besides, economic benefits should go the citizens and voters first, not some tax dodging fiction.
This site is a real resource for those who study the pathology of working class schlubs who side with landlords and wealthy businessmen.
Side with landlords and wealthy businessmen? How about we side with others like us who have a hard time finding apartments because 2/3 of the market is tied up in rent regulation?
"How about we side with others like us who have a hard time finding apartments because 2/3 of the market is tied up in rent regulation?"
you obviouslt didn't understand the story.
The "two thirds" -consist of all government regulated units. In addition to conventional rent regulation, there are also SCRIE -tenants. these are seniors whose rents would exceed 30% of their income (would you throw them in the street for your f-ing free market?)and NYCHA housing which has nothing to do with the private market.
The landlords are always crying poverty but for some mysterious reason, the crawl over each other's mother to become landlords.
Just civic-minded I guess.
If the apt becomes de-regulated because the tenant's high income, and THAT tenant moves out, the apt. stays de-regulated, even if the next renter is low income. Thus, once de-regulated, it is lost as affordable housing for all times.
Seniors are the wealthiest demographic in the country. Furthermore, most of them have families to take care of them. I lived with my great-grandparents growing up. The problem is not with market rate apartments, but with society. No, grandma doesn't need to live alone in a 2-bedroom rent-regulated apartment anymore.
Seniors are the wealthiest demographic in the country. Furthermore, most of them have families to take care of them. I lived with my great-grandparents growing up. The problem is not with market rate apartments, but with society. No, grandma doesn't need to live alone in a 2-bedroom rent-regulated apartment anymore.
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naw, tear down a church on a two story block to put up a monster 14story warehouse for the seniors - and use a shitload of member money while the rest of the community's cultural groups starves.
Clear out those rent stablized apartments sonny.
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