Discussion about this post

User's avatar
Bennie's avatar

I go back and forth on this. I am all for YIMBY and ending restrictive zoning, but NYC is not wilderness. At some point a neighborhood, city or region is just plain overpopulated and the "too damn high" rent is the market's way of asking "Do you really need to live here?"

Maybe with wall-to-wall hundred story apartment towers you'd have enough housing to substantially bring down the market rate, but are there a lot of people who really want to live like that?

As for the firefighter, maybe the most cost-effective solution is to pay him enough to live in NYC at market rate rather than build "affordable" housing.

Expand full comment
David Muccigrosso's avatar

RE the firefighter test, you’re also leaving out the taxes on that income.

Expand full comment
9 more comments...

No posts