Submitted by Groundbreaking_Tank2 t3_ylh1lq in nyc
Head_Acanthisitta256 t1_iuyjq1v wrote
Reply to comment by hannibalbaracka in Mayor throws support behind Innovation QNS as potential rejection looms by Groundbreaking_Tank2
“If we don’t build more affordable housing” fixed it for you!
Building more luxury housing with an inevitably high avg monthly rent will actually cause the displacement of the area.
hannibalbaracka t1_iuyr0gg wrote
Hi friend!
Here's all the best data on how "luxury housing" decreases rents! Just from a basic level, if you build no housing, and more people come in to the area, displacement will increase. If you build more housing, there will be less displacement. Really simple!
https://www.lewis.ucla.edu/research/market-rate-development-impacts/
Head_Acanthisitta256 t1_iuyrl15 wrote
Who’s this “more coming to the area”? The city population has dropped the past two plus years.
There’s already displacement BECAUSE of these units. Rents are rising artificially through these developments. This UCLA “study” is conveniently ignoring that fact.
hannibalbaracka t1_iuysgkx wrote
The UCLA research roundup (it's not a single study) actually talks very specifically about the role of development on displacement. If you think it "ignores that fact" it means you didn't actually read all 18 pages! Which makes sense considering you responded to my comment 4 minutes after I made it.
>There’s already displacement BECAUSE of these units. Rents are rising artificially through these developments.
It would be really great if you could provide any evidence of this fact, beyond "I've seen an apartment building in the area, and also my rent has increased" which is a correlative statement, not a causal one.
Your anecdotal evidence means nothing when we have actual clinical data points that prove the reverse of your argument.
BraveSirZaphod t1_iv1ph35 wrote
>Which makes sense considering you responded to my comment 4 minutes after I made it.
Jesus Christ, just take the poor lad out back and put him out of his misery at this point lmao.
Thanks for bringing some actual research into these discussions though. That doesn't happen nearly enough.
Head_Acanthisitta256 t1_iuyv7od wrote
Show me where this so called research roundup shows data from the rising rent of western Queens where there are thousands of new units built since ‘01.
hannibalbaracka t1_iuywj65 wrote
The research roundup shows that market-rate housing (that you call luxury housing) is not responsible for increasing rents!
If you have particular evidence (not anecdotal data, but actual proof that rents are rising not because of increased demand because of increased supply) that this is untrue in Queens, the burden is on you to show that.
Groundbreaking_Tank2 OP t1_iuyl18f wrote
There is zero reason not to build housing there. It's a bunch of parking lots. Building housing there (especially housing that is 40% affordable housing) is not ever going to hurt anyone.
Head_Acanthisitta256 t1_iuymtb5 wrote
It’ll hurt the renters of Astoria who when their lease is up will see the average monthly rent will go up with a development that has 60% of it’s units guaranteed to be listed way above the $2.5k avg monthly rent currently paid by Astorians.
Groundbreaking_Tank2 OP t1_iuyng24 wrote
The residents of Astoria are seeing massive rent increases because there's a massive shortage of housing in New York City. Being a NIMBY and blocking every new apartment proposal (especially when it contains 40% affordable housing) hurts every renter in New York.
Head_Acanthisitta256 t1_iuyou3k wrote
LOL!
Astorians are seeing massive rent increases because of the major influx of luxury apartment complexes that were built or being built.
These new complexes raise the avg monthly rent of the neighborhood. And when new tenants come along landlords will ask for market rent which was artificially inflated by the new developments.
There’s no guarantee that this development will even create 40% affordable housing.
The only way to help renters is through building AFFORDABLE housing not majority luxury housing that’ll increase the rents of a neighborhood.
The supply side lies about new units lowering rents is so absolutely hilarious!
Groundbreaking_Tank2 OP t1_iuyqqqu wrote
When vacancies are low, rents go up. When you build more housing, you get more vacancies, and rents go down.
​
No matter how much mental gymnastics you try, you will never get around that fact. Stop being a NIMBY.
Head_Acanthisitta256 t1_iuyr6tn wrote
When you inject more units with a high avg monthly rent, rent in the neighborhood will go up.
No matter how much mental gymnastics you try, you will never get around that fact. Stop being a greedy developer.
Groundbreaking_Tank2 OP t1_iuys1m1 wrote
The data proves you wrong again.
If you can put all your brain cells together you should try this thing called "reading".
Head_Acanthisitta256 t1_iuysvp5 wrote
LOL! I can’t stop laughing at this so called “data” which is really just corporate talking points behind paywalled websites. You are unintentionally hilarious!!!
[deleted] t1_iuyth2e wrote
[removed]
Head_Acanthisitta256 t1_iuyuuqd wrote
LMAO! What facts??? There are thousands of new units built in western queens and the rents have skyrocketed because of them. None of this so called data shows what’s going on there. Keep your developer talking points, don’t need them.
Groundbreaking_Tank2 OP t1_iuywpdq wrote
You really should try reading kiddo.
Head_Acanthisitta256 t1_iuywz75 wrote
Sadly, I read your sorry posts🤮
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