The long route to affordable housing in NYC

[CentricTongues]

So as you guy know along with wage inequality & middle class diminishing, what do you think is the the idealistic route to go back to affordable housing in the city again?

A economic downturn again like in the 70s? or bring jobs back to NYC?

Inquiring minds would like to know.

 

[theworldismine13]

i think they should build more affordable housing, just make sure it isnt run by NYCHA but overall i think the free market should reign and people should move where they can afford to live

 

[Mr. Somebody]

Have they scaled back on giving affordable housing under the condition that the home be broken and headed by a single mother? I hope thats not the way. Considering the US GDP is upwards of 14 Trillion dollars i dont think building affordable housing would be an issue, if they wanted to actually do that out of the kindness of their hearts.

Its so demonic, friends.

 

[ogc163]

Allow people a chance to own, or give the real estate away instead of having some government agency be in charge of the housing. I think stuff like this is counterproductive because it does not encourage ownership and places unecessary ceiling/floors in terms of prices. I would have the poor people who live in these spots own where they live so that if/when the hipsters want to move in the poor folks have a place in the negotiation process, as of right now they are powerless and are subject to the whims of elected officials and corporatist heavily subsidized NYC real estate companies. Giving real estate away definitely isn't an ideal free market solution, but it's better than having the current system in place where poor people have no leverage.

 

[theworldismine13]

Allow people a chance to own, or give the real estate away instead of having some government agency be in charge of the housing. I think stuff like this is counterproductive because it does not encourage ownership and places unecessary ceiling/floors in terms of prices. I would have the poor people who live in these spots own where they live so that if/when the hipsters want to move in the poor folks have a place in the negotiation process, as of right now they are powerless and are subject to the whims of elected officials and corporatist heavily subsidized NYC real estate companies. Giving real estate away definitely isn't an ideal free market solution, but it's better than having the current system in place where poor people have no leverage.

cosign, except i would say it is free market to give real estate away for free or cheap, itd be like the oklahoma land rush

 

[CentricTongues]

Hm so basically try to encourage ownership in these areas to build up stable incomes for families. Hmmph

 

[ogc163]

Hm so basically try to encourage ownership in these areas to build up stable incomes for families. Hmmph

A lot of middle class Black people in Harlem and middle class Dominicans in the Heights/Inwood are eating good off of gentrification because they owned the spots where they lived.
http://nymag.com/realestate/features/48328/

 

[theworldismine13]

Hm so basically try to encourage ownership in these areas to build up stable incomes for families. Hmmph

exacta mundo, ownership is fundamental to the American economic system, so housing people in real estate they do not own and will never own you are by definition shutting them out of the economic system and once you add all the privacy violations and government programs that force you to do this or that, you have a system the essentially violate the economic and individual rights of citizens

i think the government should build housing and encourage housing, but it should never own any housing

at the end of the day the free market should decide who lives in NYC, a lot of people that are living in NYC are gonna have to move to cheaper places in the south or midwest, in the end this is best because they will be able to more afford real estate

 

[Liquid]

If you can't afford to live in NYC, just move out and possibly move back.

People hoping for anything to get done in a timely matter are just wasting their time.

 

[theworldismine13]

A lot of middle class Black people in Harlem and middle class Dominicans in the Heights/Inwood are eating good off of gentrification because they owned the spots where they lived.
http://nymag.com/realestate/features/48328/

But as Willie Suggs has changed the face of Harlem, much of Harlem has come to turn on Willie Suggs. Competing brokers and even some former sales agents now call her a predator, a bully, a thief—Willie Thuggs

 

[theworldismine13]

This is what happens when the government owns your home


NYCHA tenants should be fingerprinted: Bloomberg
http://m.nydailynews.com/1.1428791

 

[ADevilYouKhow]

long as i can buy a two bedroom for a mil, I dont care

 

[Meta Reign]

I'm going to type this once, as I don't care to speak on econ matters too much anymore.

There are a few reasons why housing in NYC is so unreasonably high. One of them is due to all the property that has been given historic status and can't be torn down and buildt to fit more people to help meet demand. This keeps prices artificially high.

Second, and most problematic is the fact that DEVELOPERS have access to borrowed money at artificially low interest rates, due to federal reserve price fixing on the money supply.

Here's and example of what happens in this scenario. Recently I was talking to my boy who lives in Jamaica Queens. He told me that developers are trying to gentrify the hood over there, and they buildt a high end apartment building called MODA or some sh!t like that. 2 bedrooms are going for $1800, which is high for that area. . . IT'S LOADED WITH SECTION 8 TENANTS.

Let's run down what's happening here. Fed lends cheap money, cheap money ends up in the hands of developers looking to turn a dollar. They run up in lower income neighborhoods and start raising rent prices. Realizing that the people in these neighborhoods can't afford the rent, they start taking in section 8 tenants.

Who wins here? Very, very few people. Most folks suffer. Namely, those that make just enough to not qualify for any type of affordable housing program, but still not enough to afford the new pricy rents in their neighborhood. THE ONLY FOLKS THAT WIN ARE THE DEVELOPERS AND THOSE ON SECTION 8. Yes, it's absolutely legit to blame the Fed.

 

[theworldismine13]

Section 8 is ok but they need to put time limits on it, it's really a transfer wealth from the government to owners, and the the actual tenants get a roof over their head but like in projects they don't own anything and have no equity and aren't participating in the economy

Notice how both these programs, section 8 and public housing, that are suppose to help the poor actually separate the poor from the economic system and therefore extend poverty

 

[ogc163]

Yo she was handing out ether left and right in that piece