Posted on 12/10/2022 7:09:14 AM PST by millenial4freedom
Mayor Eric Adams has focused much of his energy on public safety, as other crises receiving less attention have deepened. Now, as his first year in office draws to a close, Adams is ready to take aim at one of the largest problems escalating across the city: An acute housing shortage that has driven up the cost of renting and buying a home.
Adams plans to announce as early as Thursday a set of over 100 reforms designed to ease development by minimizing regulations, modernizing arcane rules and trimming costs for builders, according to a summary of the proposals obtained by POLITICO. The overhaul could generate some 50,000 additional homes over the next decade, according to officials involved in the plan.
(Excerpt) Read more at politico.com ...
The economics of building in NYC are affected by the danger of merely walking down the street. Amending regulations isn't going to cure that.
I say this as a former New Yorker who still loves the City.
Probably institute rent controls.
According to https://www.census.gov/quickfacts/newyorkcitynewyork July 2021 stats population in NYC is down 3.8%, owner occupied housing is at 33.2 %, median gross rent is $1,579 dollars. Now given that rat infestation and crime rates are high, who is going to build new housing other than developers who get a tax break from the city. And who do you think gets a kick back. White flight will continue, poor immigrant influx will continue. NYC will go the way of Detroit very soon. But Adams will walk away with money.
I think he will meet obstacles himself, by many of his brother & sister Democrat politicians though. 🙂
Another till he can get his hand in.
In other words, the government can "create" the jobs they killed in the first place.
The government didn't create those jobs, they just finally decided to get out of the way.
Yes exactly. You understand perfectly. 🙂
:-) Yup.
Just convert the empty office buildings.
All the useless people in this country that are stored away in section 8 housing are like all the saved stuff in our closets and storage facilities. None of it will ever be used and becomes worthless. The big difference is that our stored stuff does not incubate and multiply like an amoeba neither does it require care and feeding.
The Housing Crisis - more evidence of ruinous liberal land use planning.
If so he's a failure.
“ Mayor Eric Adams has focused much of his energy on public safety, as other crises receiving less attention have deepened”
That’s some funny stuff right there.
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