There are almost no housing units in NYC available for under $1,500 per month according to the new Housing and Vacancy Survey.
So the vast majority of New Yorkers could not afford to rent here if they lose their current unit.
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That means any housing plan to confront the affordability crisis must BOTH increase the supply of housing (with a strong emphasis on truly affordable units) AND strengthen tenant protections to prevent New Yorkers from being displaced from their homes.
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Let the government build affordable housing, provide means tested rent vouchers, and leave property owners alone.
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- supply and demand. The demand is high and the supply is low. How can you help? Deregulation and assistance the market to build more building (increase the supply)
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Have you looked into apartment hoarding by landlords or how about cracking down on Airbnb. In Paris you can only rent something like 110 days.
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Replying to @JoshuaPHilll
Disabled folks on SSI are forced to survive on $825 per month. It's not possible to live anywhere in the entire United States on this amount, especially for disabled people who typically have higher expenses. It is a slow, miserable death for many. The cruelty is unimaginable.
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PS when are retired NYCT employees getting a cola increase? We need it now!
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The report shows that 42,860 rent stabilized apartments are forced to be kept vacant by the stupid law passed in 2019.
42k... it's absurd that you aren't beating down the doors in Albany demanding a change to the law.
I have a vacant 3 bedroom apartment. It needs $75k of 1/
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