4 ms·
They want to preserve the culture of people who have less money. Yes, the market would be more efficient with no price controls but at the cost of replacing low
by unabridged 11y ago
They want to preserve the culture of people who have less money. Yes, the market would be more efficient with no price controls but at the cost of replacing low income tenants with higher income tenants. I think a better solution is reasonably priced public housing distributed throughout the city.
- bradleyjg 11y agoWe tried the public housing solution in the 1940s-60s and it has been an unmitigated disaster. Personally I think if we really want to subsidize housing for some New Yorkers of modest means we should do so with vouchers.
- busterarm 11y agoLloyd Blankfein, who grew up in a public housing project and later wrote a letter to NYCHA about how he loved growing up there, might disagree with you. Also. http://nymag.com/news/features/housing-projects-2012-9/ http://nymag.com/news/features/housing-projects-2012-9/
- bradleyjg 11y agoIf they are so great, I'm sure you wouldn't mind moving from your W 55th street rent controlled apartment up a few blocks to the Amsterdam Houses, right?
- busterarm 11y agoBack in that time period? Sure. The problems are a result of the political will shifting and the funding disappearing.