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The lack of rental properties is not preventing the 1.25% from being housed. The cost /lack of money / mental health issues / drugs / etc are the primary reaso
by ipaddr 4y ago
The lack of rental properties is not preventing the 1.25% from being housed. The cost /lack of money / mental health issues / drugs / etc are the primary reasons. Giving back 1% stock would not see the rate fall to .25%
- e-clinton 4y agoIt’s not always as dramatic as you think. Lots of homeless folks in NYC are regular working people who simply can’t afford rent. I have a close friend whose spent 2 years in a shelter with his wife and daughter before digging himself out.
- ipaddr 4y agoAdding those properties back into the rental market is not going to lower the rent for those in borderline situations and shelters. Properties that get rented are in average to excellent condition/areas which will increase the supply for luxury property. Your friend needs the government to build low income housing geared to a percentage of income or price controlled.
- HWR_14 4y agoPeople on drugs or with severe mental health issues are probably unable to be in the population admitted to a shelter and is in the street. Certainly, since the average shelter stay is over a year and 4 months, any concerns about them being bad tenants would assume they behave significantly differently in an apartment than in a shelter that will kick them out. Yes it's a cost/lack of money question. If only economics told us what we'd expect to see happen if the supply of a resource priced out of peoples budget (long term housing) was increased.