Thursday, July 21, 2011

City's long-term housing plan a bust?

From the Gotham Gazette:

Looking at the city's long-term housing plan, you would never know there had been a bubble or that we cannot simply build our way out of any crisis. The PlaNYC2030 four-year update, released on Earth Day this year, is all about building hope and enabling new apartment construction. With its penchant for numerical targets, the plan focuses on how many homes the city plans to create and preserve by stimulating growth through zoning changes.

One of the plan's goals is to have completed 165,000 affordable units by 2014. Almost two thirds of these will be renovations of existing units, and only one third will be the result of new construction. All accounts suggest that numerical goal will be met, though it's not clear what is expected to happen after that – almost certainly under the next mayor, who may very well ignore this administration’s plan altogether.

As commendable as the accomplishments may be, meeting the 2014 target will not solve the city's more deep-rooted affordable housing problems. The city’s housing plan is all about increasing supply, mostly by encouraging market-rate development, yet the real crisis has been the loss of existing affordable units. If the past is prelude to the future then the city may end up losing more affordable housing than it is able to create. The mayor has on many occasions claimed that attracting more people with higher incomes is a sign of a successful city, yet more upscale housing is likely to increase rents and house values in existing affordable neighborhoods.

26 comments:

Anonymous said...

" yet the real crisis has been the loss of existing affordable units."

Blame the 1997 gutting of rent stabilization for the sham of "vacancy decontrol".

Blame Pataki-Joe(Jailbird)Bruno and all the working classholes who voted for them.

When you vote against your own interests -this is what happens.

The rich know this.
The power class know it to.

Stay stupid, vote your fears and prejudices and watch what they have in store for you next.

sirbeef said...

How does putting more units on the market increase the existing stock's rents??
By increasing supply you should be decreasing price (econ 101).
Only in NYC is this turned on its head.

Anonymous said...

Almost all of Bloomberg city's long term planning is turning out to be a bust!

If they stopped plotting for a minute and did some real planning it might not be so!

Social engineering has got to go Mike!

Anonymous said...

Uh....and so do you Mista Mayor!!

Snake Plissskin said...

I never understood how another million people would make my life better - who would be paying or the infrastructure - or why my taxes should go to someone who doesn't even live here yet while my current services suck.

To make housing affordable is very easy:

1. cut out the honest graft, tweeder programs, and real estate tax breaks to developers.

2. when (1) happens, you have more revenue that is actually spent on real services - you can then cut taxes. Instead of building 1000s of units just adding to the congestion, more disposalable income means apartments become affordable for millions.

3. stop the Sanctuary City - you cannot get a lease if you do not have papers and the landlord faces stiff fines for illegal tenants and conversions. Demand drops and rents come down.

Sometimes life can be very simple.

Anonymous said...

cant we just put more of them in rockaway like we do now,there would, keep the checks coming, and keep them contained, then lock them up so we can support the upstate econony with prison jobs

Anonymous said...

or we could just eliminate them...hahahahahahahaha.....come on now would you really miss 90% of the humans on this planet?? visit downtown Flushing & get back to me

Snake Plissskin said...

Guys, get serious. Grow up.

I don't know about you, but I am sick and tired of City Planning - everyone there should be fired

... and the second stringers in office that don't know the first thing about what is good for their community.

When the shit hits the fan with this economy and all that wasted money poured into buildings there is going to be hell to pay.

Acting like 2nd graders is not the answer and goes a long way explaining why we are in this mess.

Anonymous said...

Almost all of Bloomberg city's long term planning is turning out to be a bust!
What can you expect from a boob!

Anonymous said...

Bloomberg?

For Chistsake, City Council passed the friggin zoning you morons. No wonder those boobs get reeelcted over and over again. You folks remember what you had for dinner last night?

Anonymous said...

and who is the CITY COUNCIL and who is the majoriy vote ? ANON #1....
49 liberal democrat progressives and 4 conservative/gop members.

the major concern of the majority is SOCIAL ENGINEERING AND SOCIAL JUSTICE .

the mayor is a RINO ,and the progressives are obsessed with getting HOMO/MARRIED ,this week.

they could care less that their evil policies have created and sustained a 9.2 % unemployment and 16% underemployment, locally.

they tax and spend and yell class warfare B--L S--T.

The democrat led NYS Assembly blocks all legislation to help the NYS citizens.

Can you name the jail that Bruno is at ?
Did Pataki ever get caught with his socks on,with a happy hooker ?
Do you still remember the Queens dem. pol. convicts now incarcerated ? Does weiner ,hevesi,Mc Glaughlin ,
seminerio,spitzer,manes,leffler, etc. come to your class warfare mind ?

Anonymous said...

Hey gramps, let me educaite you by repeating my first post-

" yet the real crisis has been the loss of existing affordable units."

Blame the 1997 gutting of rent stabilization for the sham of "vacancy decontrol". Don't ask me to explain this because I failed math in school and have no clue how the market works except that it is EVIL!! This is all Bush's fault!! BUSHPATAKITALKRADIOFOXNEWS And I aint just repeating this obsession I have becaus I have aspergers.

Blame Pataki-Joe(Jailbird)Bruno and all the working classholes- (STUPID PROLES HOW DARE YOU LAUGH AT ME WHEN I WAS RIDING THE SHORT BUS TO SPESHUL ED SCHOOL YOULL PAY FOR THAT WHEN I BECOME SUPREME RULER OF THE UNIVERSE IM TOUCHING MYSELF JUST THINKING ABOUT IT) who voted for them. I don't have to explain how guys out of office for 6 years have anything to do with what's happening today. I can't anyway it's tooo complikated. I can only cut and paste the chop logic my masters tell me is true
Republicins are all conservatives and are all EVIL! They hate everyone and want to kill all of us, even themselves!! it's all Bushs fault!!!!!

When you vote against your own interests- WHAT WE TELL YOU IS YOUR INTERETS OBEY ME!!!!! when you should be greatful your socialist masters want to rule over you and run every part of youre life for you-this is what happens. You think its bad now, gramps just you wait and we'll make it much worster!

The rich know this.
The power class know it to.
And I know this too from being a 50 year old guy with no social life living in my mom's basement.

Stay stupid just like me, vote your fears- vote democrat and prejudices and watch what we have in store for you next gramps. Obey me! I can never be wrong I am a super jeenyus!

Anonymous said...

RE:" PLaNYC2030 four year update, released on Earth Day this year."
Did you know that the first Earth Day (April 1970), in Phila . Pa. was hosted and master of ceremony by a convicted murderer,IRA (The Unicorn) EINHORN ?He is serving life without parole for killing ,"composting" his girlfriend in a trunk and secreting it in a closet for months.
He claims that he launched the first Earth Day, but others keep their distance after his conviction.

Allen Ginsberg ,a member of NAMBLA, (North American Man-Boy Love Assoc), Homo /marriage supporter,Homo/poet, was another founder of Earth Day ,in 1970.

BTW April 22 ,1970 was the 100th anniversary of Vladimir Lenin's birthday. the father of communism.

You can keep the Nation clean without socialist /revolutionaries in your lead.

Anonymous said...

"or we could just eliminate them...hahahahahahahaha.....come on now would you really miss 90% of the humans on this planet?? visit downtown Flushing & get back to me"

Yes but what would happen to our vibrant and diverse communities then??

Anonymous said...

Gramps, and others, you can get as childish and frustrated at my remarks as you want -but the facts and timeline speak for themselves.

"The state housing agency's records show that the rate of loss now exceeds 13,500 rent stabilized apartments every year. And because landlords are not required to report every apartment they take out of the stabilization system, the real number is certainly higher than that.
http://www.nydailynews.com/opinions/2011/03/20/2011-03-20_wanted_homes_nyc_can_afford.html#ixzz1SmpS2OLb


So go ahead, bang your bony,old fists against the table, strain your brain to come up with childish replies -the fact remains that it is the State Senate with a majority of -republicans- that have inflicted this situation on your fellow citizens....and they don't care for anyone but their patrons, among them: landlords.

Anonymous said...

Gramps - Do you say the same things over and over again because you think that if you say the same things over and over again people will start to agree with you?

Or is it because you don't have any original thoughts?

Anonymous said...

Stay stupid just like me, vote your fears- vote democrat and prejudices and watch what we have in store for you next gramps. Obey me! I can never be wrong I am a super jeenyus!

STOP with the partisan shit. Wake the fuck up. The both parties are corrupt. We need a third party, fast.

ONE WITH REASON.

Anonymous said...

Gramps - Do you say the same things over and over again because you're stealing that idea from me. GET OUT OF MY HEAD!
you think that if you say the same things over and over again people will start to agree with you? It hasnt worked for me everybody just ignores me. I have issues.

Or is it because you don't have any original thoughts? I know I don't. I'm not a smart man But I'm very obsessed with you gramps youre my only friend

Anonymous said...

Excuse me while i get on my soapbox here and lecture you with another of my long boring posts.

Gramps, and others, you can get as childish and frustrated at my remarks as you want. I'm getting the impression that youre laughing at me and OK Im feeling alot of butthurt.
-but the facts I carefully cherrypick and timeline pulled from a liberal echo chamber speak for themselves.

blahblahblahblahblah

I cant understand why nobody like me and thinks im boring.
Im just a needle dick loser with no life and I post all day on the internet.
I cant help myself please excuse
http://www.nydailynews.com/opinions/2011/03/20/2011-03-20_wanted_homes_nyc_can_afford.html#ixzz1SmpS2OLb

Nobody ever accused the news media of being biased or making up stories before so believe it! OR ELSE!


So go ahead, bang your bony,old fists against the table- see how poetic i am? strain your brain to come up with childish replies I know it hurts when I think too much -the fact remains that it is the State Senate with a majority of -republicans- THOSE EVIL PEOPLE WHO ARE BEAMING MIND CONTROL RAYS AT US THROUGH FOX NEWS. PUT TINFOIL IN YOU HAT LIKE I DO TO STOP BUSHS LIES! that have inflicted, like the big word here gramps? this situation on your fellow citizens BECAUSE THEY HATE US BUT I LOVE YOU GRAMPS....and they don't care for anyone but their patrons, among them: landlords. THE REPUBLICANS DONT LOVE YOU LIKE I DO GRAMPS

Anonymous said...

Getting back to reality, the City's current housing crisis is the -direct- result of poor choices voters made back in the mid-nineties.

Deregulation was a disaster in the 1971-74 period, so much so that even the republican Gov Rockefeller signed the ETPA of 1974. While that gave New Yorkers a degree of renewed protection, it left a critical portion of our housing laws in the hands of upstate hicks and their bought-and-payed for henchmen the gop.

Once a character such as Pataki and small town crud like Bruno were in place, what happened was inevitable.

If you are looking for atleast one cause of the terminal situation the gop in NYS finds itself in, he you go. New Yorkers don't like landlords...and don't like getting fucked --and that is all the gop has done to us.

Anonymous said...

the Vintage Patriot has been heard once more....

Anonymous said...

The city housing crisis is caused by unchecked immigration. Once the lower reaches are booked, it just bumps everything up.

Anonymous said...

The city can continue to support overbuilding condos.

They will remain empty....
like at Sky View Parc in Flushing.

Notice the high vacancy rate in Queens West too?

Wake up Bloomberg....we're in the middle of depression.

Anonymous said...

3 steps
to a more manageable housing market:

#1. pull up the gangplank

#2. close the immigration door

#3. expand rent stabilization

NYC is choking on pollution and overpopulation.

It cannot provide adequate services for the residents it already has.

Anonymous said...

Wake up Bloomberg....we're in the middle of depression.


City council can put a brake to this but they keep on giving money to developers and their stooges.

They are the real culprits. Nobody asked for this development.

Nobody.

Bastards.

Missing Foundation said...

Crappy is about the only place for us to vent our true feelings on development.

Thank you to the webmasters.

People don't often say that but you deserve our respect and appreciation for giving us something both the media and our electeds fail to do.