Posted by TenantNet on July 19, 2001 at 20:22:55:
In Reply to: Thank You, John Tierney posted by Provost on July 19, 2001 at 19:42:14:
That's the end of this thread -- we've cautioned others on this are previously. This is not a place for Cato Institute drek. First, the NY Times does not have a liberal othodoxy; it's run by real estate interests. Second, the purpose of RS is to allow long-term tenants, but that's been undermined greatly in the last ten years. If it worked properly, that would be a success. It's only people like Tierney who suggest that it's a systemic problem -- that people no longer "need" their homes and would otherwise move. Third, it's also a fallacy to suggest RS units are subsidized by other units. It's a regulatory system (just like many other regulatory systems in our society, i.e., speed limits) and was system-wide until Vallone broke it up, thereby creating the argument of it being a subsidy. Fourth, to claim that other cities without regulation have lower prices because of the absence of regulation has been disproved time and time again (even real estate interests admit this). Prices are what they are for many reasons (zoning, building code, cost of construction, etc.), but that's another big lie. So Mr. Provost, if you want to put out that crap, go to usenet. Not here.
: I admire John Tierney as he is one of the only writers for the New York Times who is intelligent and bold enough to present good ideas, even when they go against the liberal orthodoxy of that newspaper.
: For those of you who missed the point, re-read Tierney's article. Rent stabilization laws encourage thousands to hold onto cheap rent stabilized apartments, long after they no longer need them. These are apartments that should be on the market, available to you and me. Rent stabilization results in low rent for some long-term tenants but vastly inflated rents for the rest of us. That's why cities with NO rent controls (indeed, most of the rest of the country) have lower priced housing than New York. Abolishing rent stabilization/control is a tenant issue of primary importance.
: Thank you, John Tierney, for reminding us of this.
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