Quote:
Originally Posted by chris08876
They need to build some affordable housing, in mass. The rents in the city are absurd.
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I'd bet the majority of housing units produced in NYC are non-market, so that doesn't make sense. The city desperately needs more market-rate housing. The market-rate housing cross-subsidizes the non-market housing, so if you really want lower rents you should pray for as many luxury apartments as possible.
Also, rents aren't absurd. You can get a decent apartment in a good neighborhood, like Bay Ridge, Riverdale, or Kew Gardens, for a reasonable price, comfortably affordable to a regular middle class earner. The rents are only crazy in core neighborhoods, but no one should expect low rents in those areas.