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Bubble_Bowl_MVP t1_j1zvk78 wrote

Reply to comment by mdervin in Opinion: New York finally has momentum on housing and it’s time for a breakthrough by King-of-New-York

A new Lamborghini is also more expensive than a new Honda. This isn't new vs old, it's luxury vs affordable.

Developers absolutely want to build luxury housing in poor neighborhoods, just look at what's happening in Williamsburg, Astoria, and Harlem. That's what gentrification is.

In order to house everyone and avoid displacement, we need a system that is not driven by profit motive. To start, that means high vacancy taxes and building government funded housing that's affordable to most New Yorkers. To go further, it means expropriation of real estate from greedy developers.

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mdervin t1_j1zwx3x wrote

And Lobster is more expensive than chicken.

Compare the price of a new 1-bedroom apartment in midtown with a 1 bedroom in Harlem, which one do you think has the bigger profit margin?

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Brambleshire t1_j2104zg wrote

Who cares about poor ppl amiright? they can just go to the outer boroughs. No one but rich people deserve to live in the city. That's the kinda new York I want, all rich people no riff raff. /s

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mdervin t1_j2462qz wrote

Right and the best way to care about poor people is to create a housing shortage where middle class people are forced to move to the poor neighborhoods driving up their rents.

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Brambleshire t1_j259d0o wrote

Or we could just build affordable housing instead of all luxury, and we could require a unit for anyone displaced by redevelopment.

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mdervin t1_j25eb76 wrote

You mean like the projects?

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Brambleshire t1_j25mulm wrote

Ya dude. I want everyone to live in projects. Status quo neglected public housing all the way, how did you know??

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mdervin t1_j27aexa wrote

You aren’t proposing anything else.

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Brambleshire t1_j2a2c2o wrote

in every thread where this topic is brought up, and in grass roots organizing, I am advocating for affordability and protection from displacement.

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mdervin t1_j2a7vt5 wrote

and how do you build affordable housing?

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Bubble_Bowl_MVP t1_j20085p wrote

They're both $4000 bozo

EDIT: The one downtown might be 5k or 6k, but now we're comparing Bentley and Rolls Royce, not Rolls Royce and Ford.

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mdervin t1_j2028z7 wrote

now why would the same apartment downtown be 20-50% higher than uptown?

Because landlords/developers can charge more money for more desirable neighborhoods.

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Bubble_Bowl_MVP t1_j202qxp wrote

Why is an apartment in Harlem 4k/mo? My goal would be for most housing to be under 2k/mo and the average rent in Manhattan is 5k.

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mdervin t1_j203lyd wrote

An apartment in Harlem is 4K a month because there are a bunch of people who can afford 4K for a Harlem apartment, but they can't afford 6K for a midtown apartment.

Between 2010 & 2020 NYC's population increased by 800,000, between 2010 & 2020 about 80,000 apartments were built.

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Bubble_Bowl_MVP t1_j204hj7 wrote

The increase was about 600,000, and then we lost almost 400,000 during the pandemic. The population had been around 8M for over 20 years.

EDIT: Actually we hit 8M in the mid 1950s.

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mdervin t1_j20ewcb wrote

and what happened to rents during the pandemic?

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Bubble_Bowl_MVP t1_j20gw32 wrote

Literally nothing, they're higher than ever.

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mdervin t1_j20h6og wrote

because the pandemic is over and those 400,000 moved back into the city and some brought friends.

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Brambleshire t1_j210ay8 wrote

it's just the free market, nothing we can do about it 🤷🏻‍♂️

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