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Re:Manhattan rents cross $5k threshold for first time by missedthecue on Thursday July 14, 2022 @09:55AM (#32096139)
So you're telling me that the government should build millions of new units in NYC, until they control 40% of the market? Am I understanding that correctly?
Re:Manhattan rents cross $5k threshold for first time by kuschku on Thursday July 14, 2022 @11:13AM (#32097037)
Seize the less developed parts, and build high-density affordable housing there. Yes, that’s the only action that’d have a chance at solving this issue.
Re:Manhattan rents cross $5k threshold for first time by treeman79 on Thursday July 14, 2022 @11:11AM (#32097011)
I think he wants the government to seize housing from others.

Which will ensure that absolutely no one develops anything in that state again

Re:Manhattan rents cross $5k threshold for first time by martin_a on Thursday July 14, 2022 @11:18AM (#32097122)
Bullshit.

Vienna hasn't seized those properties, they just invested and built them themselves. NYC could to the same.

Re:Manhattan rents cross $5k threshold for first time by jbverschoor on Thursday July 14, 2022 @11:13AM (#32097042)
Create better and cheaper transport and the problem will go away
Re:Manhattan rents cross $5k threshold for first time by throwaway5959 on Thursday July 14, 2022 @11:12AM (#32097032)
If the private market won’t do it, why not?
Re:Manhattan rents cross $5k threshold for first time by rglullis on Thursday July 14, 2022 @11:17AM (#32097093)
Because the private market can't do it. When most cities in the US have 80%+ of its land zoned for single-family units, developers can not build anything other than expensive McMansions.
Re:Manhattan rents cross $5k threshold for first time by missedthecue on Thursday July 14, 2022 @01:35PM (#32099129)
Don't forget parking minimums, rent control, environmental studies in excess of what is needed, and the endless town-halls full of people trying to veto change. All this just to build an apartment complex. You have to retain half the state bar to build anything around me and consequences are evident in the rent prices.
Re:Manhattan rents cross $5k threshold for first time by Swizec on Thursday July 14, 2022 @11:37AM (#32097439)
> cities in the US have 80+ of its land zoned for single-family units

How is that even a city? Single family zoning is a suburban desert at best. Even remote villages have more life and vibrancy than that.

Re:Manhattan rents cross $5k threshold for first time by gamegoblin on Thursday July 14, 2022 @12:23PM (#32098083)
80% of Seattle is zoned for single family units. It's not exactly a suburban desert, but it could be much better. Unfortunately, even very limited legislation (HB 1782) allowing upzoning to duplexes/quadplexes ("missing middle" housing) within walking distance of public transit hubs failed earlier this year. NIMBYism abounds.
Re:Manhattan rents cross $5k threshold for first time by jefftk on Thursday July 14, 2022 @11:31AM (#32097336)
Most of Manhattan is built out to the maximum allowed by zoning, but we could raise those limits