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Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by busterarm on Friday July 31, 2015 @03:33PM (#9983861)
Lloyd Blankfein, who grew up in a public housing project and later wrote a letter to NYCHA about how he loved growing up there, might disagree with you.

Also. http://nymag.com/news/features/housing-projects-2012-9/

Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by bradleyjg on Friday July 31, 2015 @03:45PM (#9983925)
If they are so great, I'm sure you wouldn't mind moving from your W 55th street rent controlled apartment up a few blocks to the Amsterdam Houses, right?
Re:Rent-Stabilized Housing Is Disappearing Fast in NYC by busterarm on Friday July 31, 2015 @03:58PM (#9984018)
Back in that time period? Sure.

The problems are a result of the political will shifting and the funding disappearing.