News for hackers. Stuff that matters.
Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by murbard2 on Friday July 31, 2015 @02:20PM (#9983378)
The author seems very keen on rent control, but I think one should look more cool headedly at some alternatives that can achieve the same result by different means.

Bombing the city in particular should be considered. Bombs could be supplied cheaply by the US army, where they are plentiful, and they could achieve the same level of devastation that rent control has produced in parts of NYC like the Bronx. Of course, they are also other ways to achieve the effects of rent control, like arson, bringing back Mongolian hordes from the dead, etc.

What matters is that we can have an open, transparent debate about the best way to ruin the real estate stock of the city.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by rmxt on Friday July 31, 2015 @03:16PM (#9983744)
When was the last time you went to the Bronx? 1977?

The Bronx is no Williamsburg, but it's changing. Your snark is well-taken, but at least pick a city that's actually doing shitty... like Camden, NJ, or a decaying Rust Belt city.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by murbard2 on Friday July 31, 2015 @03:54PM (#9983989)
Hey, I said "produced", not "producing"! It's definitely rebounded since then and I'm particularly excited about the upcoming developments on the southern part, by the water.
Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by rmxt on Friday July 31, 2015 @03:59PM (#9984024)
Claiming that rent control alone "produced" the "Bronx is burning" is a bit like saying that "pouring water on the ground will cause a plant to grow" -- you've ignored the steps needed to get there. Just like farming, there are many steps: tilling the earth, burying the seed, giving it water and fertilizer. Redlining, white flight, drug epidemics and shoddy building codes and enforcement all contributed to urban decay in the Bronx in the 1970s.
Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by danharaj on Friday July 31, 2015 @02:58PM (#9983620)
All I hear is: The poor do not deserve to live anywhere desirable.
Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by murbard2 on Friday July 31, 2015 @03:12PM (#9983718)
This has nothing to do with what anyone deserves or doesn't deserve. If you want the poor to live in desirable places, the best way to do that is to give them the money to do so.

Trying to control prices directly has a track record of backfiring horribly, for reasons which are well understood by economists and uncontroversial.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by danharaj on Friday July 31, 2015 @03:14PM (#9983731)
What is the difference between horrible and not horrible in this case? NYC is not in flames.
Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by murbard2 on Friday July 31, 2015 @03:55PM (#9983999)
The Bronx did go up in flames when landlords set their own buildings on fire as they were taking a loss on their rent controlled buildings, where the rent didn't even cover the mandatory maintenance.
Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by busterarm on Friday July 31, 2015 @04:03PM (#9984065)
> The Bronx did go up in flames when landlords set their own buildings on fire as they were taking a loss on their rent controlled buildings, where the rent didn't even cover the mandatory maintenance.

This is demonstrably wrong.

Arson was involved in 7% of the fires and almost all in already abandoned buildings.

Fire burned the bronx because city budget cuts closed fire departments, reduced fire inspections and caused hydrants to not work. FDNY administration rigged the closures to not affect the neighborhoods they lived in.

http://nypost.com/2010/05/16/why-the-bronx-burned/

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by busterarm on Friday July 31, 2015 @04:30PM (#9984256)
@murbard2: > Could it be that some of the landlords successfully made it look like an accident to collect the insurance money?

The linked article directly refutes that claim three different ways.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by murbard2 on Friday July 31, 2015 @04:27PM (#9984239)
Could it be that some of the landlords successfully made it look like an accident to collect the insurance money?
Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by kenj0418 on Friday July 31, 2015 @03:13PM (#9983728)
Assuming that you want to allow poor people to live in an area that they couldn't otherwise afford, why are price controls used instead of directly subsidizing housing costs for those with lower income.

It seems like the direct subsidy would have a less distorting effect on the market.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by cynicalkane on Friday July 31, 2015 @03:31PM (#9983849)
There are a very large number of places that are desirable and affordable.

In fact, increasing the efficiency of the housing market is one of the best ways to increase the number of such places. The downside is such places will probably not be highly desirable parts of New York City.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by rmxt on Friday July 31, 2015 @03:37PM (#9983875)
Where are these all-knowing economists and why aren't they running NYC already? We'd have all our problems solved if only we removed the market controls!

EDIT: I've replied to a post that is undergoing on-going editing.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by busterarm on Friday July 31, 2015 @03:45PM (#9983928)
Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by ancap on Friday July 31, 2015 @03:45PM (#9983924)
Is it okay to steal from person A to give to person B if person A has > person B?
Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by danharaj on Friday July 31, 2015 @04:24PM (#9984220)
Loaded question much?

Property is a social construct. If humans decide these are the rules of property, then they are the rules of property. If your username is indicates your position, your beliefs are outside of the mainstream and your definition of property is outside of the mainstream. If you really want to have a conversation, describe where you stand. Otherwise, the answer is that theft is not necessarily involved in the transfer of wealth from A to B and you have not established that theft is involved in this context.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by ancap on Friday July 31, 2015 @05:22PM (#9984592)
>Property is a social construct. If humans decide these are the rules of property, then they are the rules of property. If your username is indicates your position, your beliefs are outside of the mainstream and your definition of property is outside of the mainstream.

While I'm not aware of any polls on the subject I would guess that your concept of property is what is "outside of the mainstream."

>theft is not necessarily involved in the transfer of wealth from A to B and you have not established that theft is involved in this context

Your wording here seems to indicate that you have a contradiction in your own view of property. If the wealth was not A's to start with, then how could it be transferred away from A and to B? If A did not own the wealth in question, why is it in his possession? Where did A get the wealth from? What does it mean that it was "transferred" to B? Does B now own the wealth?

>If you really want to have a conversation, describe where you stand.

Rent control is theft. The marginal difference between the market rate and the rent control rate is being stolen from the property owner.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by danharaj on Friday July 31, 2015 @07:45PM (#9985156)
My personal views on property are most certainly fringe. However, I couldn't get by very well without understanding its logic as it is implemented, as other people understand it, and enforce it.

If you are talking about theft legally, then clearly there is no contradiction that a transfer of wealth from A to B can occur without it being theft and without it being whatever notion of consensual exchange you hold (which I'll take for granted is compatible with the incumbent system). Taxes are legal. Judgments calling for transfer of wealth from one to another are legal. I think surely you are not saying I am contradicting myself applying the legal system as it is, are you?

In the current system, rent control isn't theft because the marginal difference, by definition does not belong to the property owner. The system that enforces their property claim is the same system that defines what their claim is. Without that system, their claim is neither justified nor well defined.

So let's move away from legality and law. Your original question must have been one of morality, not law. My response is that I, personally, don't think property is moral or immoral because I do not take it as a priori. It is a human system. It has consequences. Its consequences are what can be judged on morality. On this count, I am heterodox. However, I understand how others think. Others, basically the entire history of property, actually, takes taxes levied and property rights regulated by the authority that justifies them as legitimate.

What notion of property do you have?

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by ancap on Friday July 31, 2015 @08:48PM (#9985350)
>Your original question must have been one of morality, not law.

You are correct in your assumption. Perhaps I should be more explicit in that premise, as this seems to get lost on a lot of people. My fault.

>My response is that I, personally, don't think property is moral or immoral because I do not take it as a priori. It is a human system.

Surely, property in and of itself is not moral or immoral because we are talking about inanimate things. But the ownership of property, if you agree that property can be owned, does lead to questions of morality.

I am not sure I follow when you say property is a "human system... it has consequences". Surely all discussion of morality involve humans, correct? We certainly don't condemn lions as immoral for killing and eating antelope; or the mallard for reproducing forcibly with a less than willing female.

>What notion of property do you have?

I am of the belief that property is an essential element of liberty. If someone has the right to say what they want, or worship how they will, or have relationships with others how they see fit, or whatever they want that is not initiating violence against others, that right is valid as long as they have property to perform those rights on. They cannot go on someone else's property and be entitled to act however they want, without the owner's permission.

Now, just to be clear, I am not talking in the context of our current system, even though there are similarities. I am talking theoretically. This is important because I believe property rights pre-exist the state; that the right to own property is a natural, inalienable right. (In case there's any confusion when I say "right to own property" I do not mean that everyone is entitled to have property, but rather the rights which someone has as a property owner). So I would disagree with your statement that "property rights regulated by the authority that justifies them as legitimate," assuming the "authority" you refer to is the state.

With the view of a natural right to property, it is clear that theft is a "crime" even absent codified law. Furthermore, any codified law which sanctions theft in any form is a violation of natural rights, is immoral and is invalid.

>My personal views on property are most certainly fringe.

You are in good company. While many believe in the notion of natural rights, few hold an intellectually consistent view in applying what it would mean to respect natural rights today.

Edit: up vote for you for fostering an intelligent conversation and not resorting to ad hominem attacks.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by danharaj on Friday July 31, 2015 @09:55PM (#9985525)
That's all very fair. I think we've pinned down adequately where our differences lie.

I spoke about property intending to mean the notion of property, not the physical things that we call property, to clarify. In fact, I see entirely in the word property the notion of ownership, and likewise I only see the word property meaningful in the context of the notion of ownership. Without this, things are just things doing their thing.

So, I take it to be true that property is, not being an intrinsic attribute of things, to be a human system: A system of relationships between human beings. I believe it is possible to consider human relationships without morality coming into account, morality being a complex interaction between the nature of the world and the way humans act in it. I am being very wishy-washy, so I'll drop the point. I think it would be hard for me to clarify what I mean.

So, that leaves us with the notion of natural rights. I have to acknowledge that it is a useful notion. Liberalism has been a powerful force in the world for centuries and it rests on the idea of natural rights. That cannot be denied.

However, that is merely the idea of natural rights. I cannot take that as basic. What I take as truly fundamental is an almost tautological statement: What is fundamental is the way things go. When you go against the fundamentals, you get problems, resistance. Sometimes you can brute your way through it, but you always leave, by definition, problems in your wake. If there weren't problems, then it wouldn't have been contravening the fundamental. Sometimes, you can't even get a compromise.

To move from the abstract to the concrete, as an example the second law of thermodynamics is fundamental: That's the way things go, and you can't contravene it. Mallard ducks have violent mating rituals, human power is wasted trying to change that. It is beyond human power. It is duck fundamental. To take things as they are is fundamental.

When I observe humans and their societies, I can easily note that natural rights are violated. They are not fundamental. Natural rights have power in two ways: When humans exercise, respect, and enforce natural rights, they have power. When humans need to justify themselves to each other, they can use natural rights; this is another aspect of their power, the moral aspect.

When you take this way of thinking in a logical framework to its conclusion, you get critical theory. Critical theory is a fun tool. It digests all morality and rationality, breaking it down into power; power is premoral, prerational. Human power applied not to labor, or industry, but to social relations.

So, I have not much to say about ideologies (coherent systems of ideas) except as they are rendered material and thus embodied in the fundamental way of things. When I look at our society, I see conflict as intrinsic to its nature. I think these conflicts can be avoided, but to do so requires coming to grips with the reality of social relations and letting ideas be our subordinates instead of our masters.

You're willing to discard a lot of ideas to find a world that you think is good, which is a good thing. I am willing to discard all ideas and always work with a blank slate.

I kind of started rambling there, and I don't have a punchline or anything. I'll just leave it at that. It was a nice conversation.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by rmxt on Friday July 31, 2015 @03:50PM (#9983960)
Ah, the favorite of all favorites: the "taxes (or, any government regulations involving income) are theft" argument!

Following this line of thinking... is it "stealing" when schools are built, police stations are funded, or sanitation workers are paid to pick up trash? Starting from your point of view will likely not get far in a discussion that begins with "rent controls".

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by ancap on Friday July 31, 2015 @03:55PM (#9984002)
Please explain how forcibly taking someone's money is not theft.
Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by rmxt on Friday July 31, 2015 @04:07PM (#9984087)
It's not even remotely germane to this discussion, but the entire point of living in a (democratic?) society is that it's a consensual affair. It's not theft if it's consensual. Judging by your username and posting history, you'd prefer to argue from nuts back to soup, rather than attempt to address valid concerns ("to rent stabilize, or not rent stabilize") within existing fungible frameworks (the rat's nest that is NYC politics).

Of course, if you'd prefer to avoid this "theft" altogether and are in the NYC area, I know some nice places in Van Cortlandt Park where you can set up a log cabin and forget about taxes.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by ancap on Friday July 31, 2015 @04:59PM (#9984465)
>the entire point of living in a (democratic?) society is that it's a consensual affair

Allow me to test this theory (that merely living in a society gives consent to what would otherwise be theft) with an analogy: You have two routes to work, route A and route B. On route A it takes you 10 minutes to get to work but you are guaranteed to be mugged. On route B, it takes you 45 minutes to get to work and you won't get mugged.

If for whatever reason, perhaps you are running late and if you don't get to work on time you will be fired, you choose to take route A, are you consenting to be mugged? I certainly think not.

Really, your theory is not so much about consent as much as it is about the origins of rights. It sounds like you are a believer that rights originate from society (government), which is something I would disagree with.

> Judging by your username and posting history, you'd prefer to argue from nuts back to soup, rather than attempt to address valid concerns ("to rent stabilize, or not rent stabilize") within existing fungible frameworks (the rat's nest that is NYC politics).

Au contraire! Most people tend to handle these kind of political topics in a very utilitarian way; "which choice is most efficient?", or if you have a horse in the race, "which will net me the most benefit?".

While I agree that rent control is terrible economic policy, I want more people to approach this issue, and other political issues, in a principled manner. Rent control is theft, and it should be recognized as such.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by rmxt on Friday July 31, 2015 @05:13PM (#9984533)
Welcome to toll roads. We've been doing this for 2,500 years. Take route A and get your employer to reimburse you. Or, find a new job that isn't going to fire you for taking route B. Or, pay someone else (the government) to get the "mugger" off of route A. Your analogies belie reality. These are choices made every day by millions of Americans. Very few people consider this theft. They'll bitch and moan and play NIMBY games, but I don't see people revolting over these "thefts".

I don't know where rights derive from, nor am I really interested in figuring that out in a discussion regarding rent control. I am a utilitarian, but I am also a firm believer that a completely free market can create inequality that is untenable in the long-term. Rent control in its current NYC might not be the answer, but, in general, housing programs ensure that all people in a relatively rich society (USA) have one of their basic needs met. People that don't have their basic needs met, whether those needs are met through their own action or through cooperation with others, tend to get violent.

To be equally extreme as you: please don't call the non-existent police when "the poors" storm your mansion due to their sub-par housing conditions, fifty years after the "theft" of rent control ends in your utopia.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by ancap on Friday July 31, 2015 @05:55PM (#9984754)
>Welcome to toll roads

Perhaps you have a very different idea of what mugging involves. Generally mugging means you are physically assaulted and then your property is forcibly taken from you.

>Take route A and get your employer to reimburse you. Or, find a new job that isn't going to fire you for taking route B. Or, pay someone else (the government) to get the "mugger" off of route A.

You didn't answer the question. In the scenario if the person takes route A they are guaranteed to be mugged. If they take route A, for whatever reason, are they consenting to be mugged?

>Your analogies belie reality

You've never taken a philosophy class or participated in any thought exercises involving moral dilemmas? The purpose of the analogy is not make a perfect model of the world. It is to test your theory on consent.

>They'll bitch and moan and play NIMBY games, but I don't see people revolting over these "thefts".

I don't know what a "NIMBY" game is and I'm not sure why you introduced the idea of revolting. Why bring up red herrings?

>I am also a firm believer that a completely free market can create inequality that is untenable in the long-term

It is unfortunate that you have a negative bias against free markets, but it is not surprising. Most people have false beliefs about what a "free market" is.

>please don't call the non-existent police when "the poors" storm your mansion due to their sub-par housing conditions, fifty years after the "theft" of rent control ends in your utopia.

It's clear that you don't know what my "utopia" is? Why would police be "non-existent"? I don't have a mansion, but I guess if it's a utopia I might as well have one. And as long as it is a utopia why would there be poor?

Why are you so occupied with the idea of violent revolt? Is this a non sequitur attempting to lead people to believe that a free market inevitably results in violence?

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by falsestprophet on Friday July 31, 2015 @03:10PM (#9983704)
We could operate the economy by lottery.
Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by busterarm on Friday July 31, 2015 @02:27PM (#9983421)
Rent Controlled units comprise less than 2% of the TOTAL housing in New York City.

Stop this devastation bullshit. Non-resident tenants/illegal hotels likely dwarf this number significantly.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by potatolicious on Friday July 31, 2015 @02:39PM (#9983497)
Rent stabilization != rent control - this is confusing for people in other parts of the country where there is only one category of housing price regulation.

60% of all NYC housing units are under some form of rent regulation - either rent control, rent stabilization, or some other form of rent protection. Only about 40% of the housing stock is market-rate.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by bradleyjg on Friday July 31, 2015 @02:53PM (#9983582)
On the other hand, many of those stabilized units are have market rate is less than the legal rate, and so are not effectively subject to price caps.

Of course those units aren't in Manhattan south of 96th street or hip Brooklyn, so the type of people who write blog articles don't care.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by cynicalkane on Friday July 31, 2015 @02:40PM (#9983501)
NYC has several kinds of rent control. Some are called "rent control" by the city, others are called "rent stabilization".

Economically, they are all rent control. And 60% of the city is subject to it.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by boskonyc on Friday July 31, 2015 @03:16PM (#9983749)
Oh the injustice! Rent stabilization is only applicable to units costing $2500 or less (regardless of size), in buildings built between February 1, 1947 and January 1, 1974. http://www.nycrgb.org/html/resources/faq/rentstab.html#when
Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by boskonyc on Friday July 31, 2015 @02:31PM (#9983445)
A very vulgar response. I've heard it put in less stupid terms by other rightists. Although I've never heard a native New Yorker complain about rent control, regardless if they're rich or poor
Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by cynicalkane on Friday July 31, 2015 @02:38PM (#9983477)
How many New Yorkers have you talked to?

Not everyone is happy paying several times the rent of their neighbors, just because they were there first.

We're also not really happy that a lot of the housing is slum-quality, since landlords generally want their tenants to move out and the law obliges them to make sure the guy paying $3000 and the guy paying $500 are equally miserable.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by boskonyc on Friday July 31, 2015 @02:58PM (#9983615)
The building that I currently live in in Manhattan was taken out of rent regulation (stabilization) with my lease. It's a well managed elevator building from the 70s. I'm perfectly fine paying several times more than some of the building's remaining old timers whose rents only go up 2-3% per year. My rent actually only goes up 4-5% per year. The only difference between the regulated units and mine is what would happen if the building changed owners. If a new landlord came in and was less interested in long-term quality tenants, they could dramatically raise or double my rent every year, finding newer, richer, dumber tenants -- as long as the market would tolerate it (and with the national and international interest in new york, it would). The regulated units meanwhile would continue to only raise at 2-3% per year.
Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by busterarm on Friday July 31, 2015 @02:42PM (#9983510)
I'm a rent-controlled tenant in a beautiful apartment building on West 55th Street. My rent is low, but not obscenely so.

I lived here through the hard times when the neighborhood was shitty and filled with derelicts, winos and prostitutes.

We all kept the building clean and nice. We lived in the building when _nobody wanted to live here_. We chased out the crooks who used to try to mug people in our elevator and kick open doors. The landlord made improvements to the building because the way the rent control law is designed, _they have to_ to get rent increases.

And we're still here and a great tenant and great neighbors.

Oh and of course the landlord has been trying all sorts of illegal means to get us (and the single-digit handful of other controlled tenants, 100+ unit building) out - and regularly gets verbally slapped around by a judge in housing court. It's a good thing we held on to hold on to _all of our records related to being in this apartment all the way back to 1970_...because we had to.

[dead]
Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by boskonyc on Friday July 31, 2015 @03:06PM (#9983670)
You might have a good job, but it's probably not good enough for a decent life in New York. Either that, or you just don't know how to find quality housing in your price range. It's not easy for out of towners the first few years. Lots of mistakes :) This is one of the most desirable cities in the world. It's not the rent-stabilization that makes the city less than affordable for you.
Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by cynicalkane on Friday July 31, 2015 @03:07PM (#9983681)
> It's not the rent-stabilization that makes the city less than affordable for you.

First, this is a fallacy: in economics, things usually have multiple factors. In regards to whether rent policy is a significant factor on housing affordability for newcomers, people who study this for a living are in almost universal agreement that you're wrong.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by busterarm on Friday July 31, 2015 @02:56PM (#9983601)
Yes, the <1.8% of us with _actually low_ rents (most stabilized apartments aren't nearly that low) are the reason you can't get an affordable apartment.

Keep dreaming.

Also, it's not just a matter of "I got mine." Living where I am afforded me class mobility that I likely would not have had in my life otherwise. I've been _dirt poor_ for most of my life, even in this apartment. What is your alternative to that?

Why are you so focussed on what other people have?

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by dang on Friday July 31, 2015 @03:38PM (#9983880)
Both of you are breaking the HN guidelines by being personally abrasive. Please comment civilly and substantively, or not at all.

https://news.ycombinator.com/newsguidelines.html

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by busterarm on Friday July 31, 2015 @02:53PM (#9983580)
$500 is laughably low for a rent controlled apartment in the neighborhoods where apartments are $3k.

Try doubling it. For starters.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by tsax on Friday July 31, 2015 @02:34PM (#9983460)
Swedish economist (and socialist) Assar Lindbeck asserted, “In many cases rent control appears to be the most efficient technique presently known to destroy a city—except for bombing.”

Cat got your tongue, comrade?

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by boskonyc on Friday July 31, 2015 @03:25PM (#9983808)
Amazing! What a strong argument. I've never heard of this (socialist) guy. Personally, I am a life-long new yorker (and capitalist) living in a luxury, deregulated building paying slightly more than market rate for my housing. My landlord does not raise my rent too aggressively, but could if he so chose. I sort of wish there were laws in place preventing him from doing so, but alas my unit is deregulated. In any case, he probably prefers long-term tenants, so doesn't need the government guidance on what a reasonable annual adjustment to my rent should be to keep me there.

Still lol'ing about you calling me "comrade."

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by ectoplasm on Friday July 31, 2015 @02:30PM (#9983436)
Why is rent stabilization bad? All it does is stop the rent from going up too much while you are living there. I wouldn't want to be a tenant without it - who wants to be forced to move because the rent went up by too much? As soon as you leave, the landlord can sign a new lease at whatever rent they like. That is distinct from "rent control" in NYC, which caps rents and is a much stronger measure, but only applies to tenants living in the same place since July 1st 1971, or March 31 1953 if it's an apartment in a 1 or 2 family home.

https://en.wikipedia.org/wiki/Rent_control_in_New_York

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by asquabventured on Friday July 31, 2015 @02:40PM (#9983502)
>Why is rent stabilization bad?

It means that you've removed the incentive owners typically have to keep the place looking nice, repairing damages, etc.

Why invest anything if you know your rate of return will be low or negative?

I know liberals like to try to make unicorns exist but economics cuts through most of the lies and bullshit of politics.

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by ectoplasm on Friday July 31, 2015 @02:43PM (#9983523)
Oh, I don't live in NYC, but we have rent stabilization here and the landlord is allowed to increase the rent by a percentage of the current rent plus a percentage of the amount spent on repairs and renovations. If NYC doesn't compensate landlords for repairs, which in turn means they don't want to do them, I agree that is horrible.
Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by danharaj on Friday July 31, 2015 @02:57PM (#9983609)
> I know liberals like to try to make unicorns exist but economics cuts through most of the lies and bullshit of politics.

The irony of advocating for a liberal housing market, then turning around and claiming that this is not only apolitical, but also politically opposed by liberals, is delicious.