Posted on 05/16/2016 4:38:45 AM PDT by lowbridge
The odds of landing an affordable apartment through the city’s Housing Connect website have gotten so long, they’re now at about 1,000 to 1, officials said Wednesday.
Housing Commissioner Vicki Been testified at a City Council budget hearing that 2,628 affordable apartments have become available online so far this year — drawing 2.54 million applications.
-snip
The number of applications represents a dramatic increase from fiscal 2013, when some 364,000 applications were submitted for just over 2,300 units.
(Excerpt) Read more at nypost.com ...
The population of new york city is around 8.5 million
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Well, either 1/4 of New Yorkers lost their jobs/livelihood OR Obama’s soldiers are looking for new digs.
Odd, then, that the vacancy rate is so low.
Somebody's doing the affording...
I wonder what the population of NYC would be without market manipulation such as rent control and gov-subsidized housing.
Would it go down, because fewer could afford it so the poorer would leave, or would it go up because as the poor left, wealthier would move in? Would this help reduce crime as well?
I think the headline should read, “The odds of landing affordable housing in NYC are 1 in 1,000.”
Anyway, all that a city means to me is its being a concentration of beautiful women and good food. And one doesn’t need New Yawk for those.
It's called subsidized housing (A/K/A , "rent control")
Mandated and subsidized by the NY State Govt.
Once obtained , the subsidy remains in the family and is treated like a 'beneficiary' heirloom, going to successive generations
as there is always someone in the family who needs inexpensive housing .
Rarely does a "rent controlled" apartment come on the market.
My grandfather who is 89 and partially disabled, and has to scrape by on a starvation SS check, can’t get on Section 8 here in my Tx city near the border. There are 3,000 on the waiting list, and it’s closed.
He lives in a senior apt project that is supposed to charge seniors rent according to their income, but they take over half of his check. By the time he pays utilities and the necessary supplementary health insurance, he has only a few dollars left.
If we didn’t help him, he’d go hungry.
At least 95% of the residents are Hispanic and on section 8., and he says many many have told him (those who can speak English) that they pay like $126.00 or less per mo. in rent. They force my grandfather to pay almost $500.00 in rent.
(other similar senior ‘help’ projects are no different)
There’s even weekly classes there at my grandfather’s apts to teach Hispanics how to speak English!!
I suspect many- if not most residents are illegal ‘immigrants’- or former ‘welfare queens’ who never worked a day in their lives, but stayed home popping out illegitimate kids.
He worked hard all his life, never even thought about welfare of any kind and was severely wounded while serving his country in the army.
Thanks, America!
But that’s alright, keep doling out trillions to illegal invaders and countries who hate us.
Has always been thus. They scan the obituary column like vultures, waiting for someone in a rent controlled apartment to die.
The writer wrote the opposite of what he probably thinks he wrote. He should have used "odds against" rather than "odds of."
I think the place is filled with people living in transient housing arrangements. Everyone I know who ever lived in NYC when they were recent college grads describes sharing an apartment with 3-5 other people. It was the only way they could pay the exorbitant rents.
“Affordable” is a relative term.
I knew of someone who had a rent controlled apartment in Queens. She moved into her boyfriends apartment and rented each of the two bedrooms out for $900 each
Her rent controlled rent was like $400 a month
Rent control is a scam on the landlord
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