4 ms·
The fallacy of rent control, which only treats the symptom and fails to address the root problem of inadequate supply and restrictions to adding additional supp
by nosuchthing 10y ago
The fallacy of rent control, which only treats the symptom and fails to address the root problem of inadequate supply and restrictions to adding additional supply to the market.
- DaiPlusPlus 10y agoI'm genuinely curious how the supply of housing in Manhattan could be increased.
- pavel_lishin 10y agoThe standard way is to build more. Another option is improving commutes from the outer boroughs and New Jersey - the Bronx has many affordable areas, but the 456 is a shitshow, and I'd rather move back to Texas than put up with the slow peristalsis that would become my commute. Buses aren't great, either, and suffer from a lot of the same problems that regular street traffic does. My coworkers who come from Jersey typically have a bus ride of an hour, assuming there aren't any traffic problems.
- acchow 10y agoGrow vertically. I saw this regularly when I was living in Hong Kong - 50 year old 5-15 story apartment buildings being bought out by developers, demolished, and replaced with something 30-40 stories tall. High speed rail into the city (see tokyo). You can travel enormous distances in 40 minutes on HSR.
- davidf18 10y agoReplacing 4 story Brownstones with high-rise apartments. Simply removing the politically induced scarcity of zoning density restrictions would achieve that or something similar. See my earlier comment to this post: https://news.ycombinator.com/item?id=13940272 https://news.ycombinator.com/item?id=13940272