Part One of this series was a refresher on the Microeconomics of Rent Control and touched on how it encourages hoarding Part Two discussed rent controls influence on the black market for apartments, rental property deterioration and housing discrimination. Here in Part Three, we will discuss how … [Read more...]
Lower East Side Now “Endangered”?
photo by flickr user paytoncThe National Trust for Historic Preservation announced that New York City's Lower East Side, famous for it's history of tenements and slums, is one of 11 architectural, cultural, and natural heritage sites that are most at risk "for destruction or irreparable damage." … [Read more...]
Release Us From Rent Regulation
Curbed: Rent-Stabilzation War: Tenants Strike BackNew York Times: Questions of Rent Tactics by Private Equity Rent-regulated apartments account for 57 percent of the total in the Bronx, 42 percent of the apartments in Brooklyn, 59 percent in Manhattan, 43 percent in Queens and 15 percent of … [Read more...]
LA’s New Housing Rules Band-aid the Symptoms, Exacerbate the Problem
LA Times: Los Angeles limits 'mansionization,' downtown hotel conversionsReason: In Soviet Los Angeles, Housing Affordables You!LA's City Council voted unanimously to treat the symptoms of the City's gentrification problem by restricting property owner's right to improve their … [Read more...]
“Change” Not Welcome in Harlem: Neighbors Cause Commotion as Harlem Rezoning Passes
Limousine Liberals aren't the only ones who oppose change. In Harlem, neighbors fought to keep new people out of their neighborhood, and want to force gentrification upon other neighborhoods. In the process they created such a stir at Wednesday's Council session, they had to be cleared out.It's … [Read more...]