That's a major reason why rent is so damn expensive on the free market in NYC. And why the Bronx burned in the 70's.
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Yep, rent control is actually a problem in NYC. It is essentially a tax on youth, as the poor maintence of buildings in general and higher rents on unsubsidized units can be linked to below market rental units. And the great majority of them are not actually used by low-moderate income tenants, but instead is almost a housing lottery for those who have connections or get lucky. And it is somewhat responsible for the kind of adversarial relationship between many landlords and tenants that exists here. However, it is politically impossible to change, as everytime somebody brings up all the studies that prove how detrimental rent control is, somebody else troops out 95 year old Tilly who would be on the street with her 7 cats if rent control was abolished. It was a little frustrating seeing many of the people in my chelsea building paying 1/3rd of my rent for the same property.
Despite all of this expense and nonsense, I would still rather live back in Manhattan if my job didn't have me relocate. All those comparing Houston and other places need their heads examined. I could also compare the cost of McDonalds burgers to Fillet Mignon at a good steakhouse, the burger offers a much better cost per calorie.
HaHaHaHaHa, rent control. Just typing it makes me laugh. People wonder why rent is so expensive. It's rent control. HaHaHa, I have a relative by marriage who was a rent control lawyer at a not for profit. She never would except that rent control made New York rents incredibly high. Supply and demand curves are such a simple concept.
the old guy down the hall from me pays $320 a month for the SAME APARTMENT I pay $1700. Then again, the couple across the hall pays $2250 for the same layout... so I guess I have a "steal" ?!
i've lived here for three years, and twice the police have knock on my door asking if I've seen the old man... then they break down his door or climb in from the windows/roof. apparently they are always afraid he is going to die in there. :eek:
he is so old. it takes him like the entire day to walk down the stairs, let his dog out, and walk back up (5 flights).
whoops, watch out for the exploding street on your way home during rush hour. I mean, whaddya want for 2 grand, anyway?
http://graphics8.nytimes.com/images/...xplode-600.jpg
Happened two blocks from my office! we evac'd - was in a boardroom, didn't even stop by my desk get my keys on the way out... people were sobbing in the streets and everyone headed uptown. scary.
Apparently that explosion happened right outside of the building of a company I'm currently working with. My contact there is still e-mailing me on her cell phone.
http://cityroom.blogs.nytimes.com/20...ho-helped-her/
A nice story behind this picture.
I've always felt that the big, silent hole left by 9-11 are the thousands of stories like this. Crushed to dust.
There's something very iconic (as in the devotional paintings) about the man and womans body posture. Amazing capture.
http://graphics8.nytimes.com/images/...xplode-600.jpg