If you said that the people who live in the less desirable Manhattan neighborhoods would be so inconvenienced as to justify the cost that everyone else must pay for rent control, I would say you have a valid point. But complaining that east siders would have to move to the South Bronx is nonsense, because as soon as those respectable if somewhat less wealthy people made that move, those neighborhoods would become respectable if somewhat less wealthy, and cease to be the cesspools that they are now.
As for your mention of the endless supply of new housing in Manhattan, don’t you imagine that might offset your alleged endless demand mentioned in other posts?
As I said earlier, history has already declared subsidized housing an abysmal economic failure. And arguing against it, is like arguing against the tide. It does no good, sometimes annoys others, and only makes you look like you don't know what your talking about.
And I'm not arguing against them. Where TF did I do that?
When you say "the cost everyone else must pay for rent control," you show not only that you were ignorant before this thread started but also that you haven't learned anything from it, or at least answered my point that no, not everyone pays for it. Not even the landlords pay for it, being the only class of businesspeople who get a guaranteed increase every year, no matter what the economy is doing.
As for the neighborhoods, if you think all that has to happen for a brand-new neighborhoods to exist is for disparate people to move there from all over the place, you really know nothing about neighborhoods.
And I never said there was an unlimited supply of housing. It does not keep up with demand, forcing housing costs higher, and that is because it is limited by factors other than the existence of rent regulations.
Once again, for the thread-reading-impaired, NO ONE IS SUBSIDIZING THESE RENTALS. There is a reason why the housing court in NYC is so pro-tenant, and that is the rapacious landlords who would ship their mother to the heart of the most crime-ridden slum if they could get market rate for her apartment.
I'm a little tired of repeating myself, so I'm going to try to stay off this thread and get some work done.