tag:business.theatlantic.com,2009://3/tag:business.theatlantic.com,2009://3.543- 2009-11-03T20:03:05Z Movable Type 4.24-en tag:business.theatlantic.com,2009://3.543 2009-02-12T00:42:49Z 2009-02-12T21:59:40Z

Megan McArdle tougher rent controls!
]]>
Meanwhile, the stabilized stock deteriorates, because, especially in inflationary times, it does not pay the landlords to maintain them beyond the barest minimum required by law.  And no one wants to build any new housing except luxury units which will not be controlled. 

Then everyone wonders how come there are no houses for middle income people in the city.

This bill, if it passes the Senate, will represent the third time that New York has reneged on its promises not to control new housing.  From what I can tell, it's trying to claw back decontrols of units that were built under laws providing for time-limited stabilization in exchange for tax breaks.  Just like the first two times, it's a good bet that New York City will now have a damn hard time getting anyone to build anything except another skybox for rich patrons who do not arouse the sympathy of the New York State legislature.  Every time a New Yorker curses their dirty, run-down shoebox of an apartment, they should save an especially juicy oath for Sheldon Silver.
]]> tag:business.theatlantic.com,2009://3.543-comment:489 Derivative Dribble I happen to love my shoe box. I have a lovely view of a brick wall for just under 3000 per month.

]]> 2009-02-12T15:47:58Z