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drewg__'s profile
drew
drew
drew
@drewg__

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drew

@drewg__

electronic trading technologist, illiquid commodity futures enthusiast, hedge fund/HFT apologist, big idiot

NYC
Joined April 2009

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    1. 𝐮𝐩𝐡𝐨𝐥𝐝 𝐂𝐑𝐄𝐀𝐓𝐎𝐑 𝐭𝐡𝐨𝐮𝐠𝐡𝐭‏ @yhdistyminen Jun 15
      Replying to @PierreDelect @nicoleamurray @Queens4Evah

      this is exactly backwards. you rent-control older units to insulate vulnerable, lower-income tenants against unforeseen price shocks.

      1 reply 1 retweet 38 likes
    2. Pierre Delecto‏ @PierreDelect Jun 15
      Replying to @yhdistyminen @koaleszenz and

      I mean- that'd be nice- but it seems like a harder sell- if these new units are so great they should serve as a good life-raft for longtime residents fleeing the price-hikes these skyscrapers *always* create

      2 replies 0 retweets 0 likes
    3. 𝐮𝐩𝐡𝐨𝐥𝐝 𝐂𝐑𝐄𝐀𝐓𝐎𝐑 𝐭𝐡𝐨𝐮𝐠𝐡𝐭‏ @yhdistyminen Jun 15
      Replying to @PierreDelect @nicoleamurray @Queens4Evah

      new construction generally comes with better amenities and therefore rents for more

      1 reply 1 retweet 31 likes
    4. Pierre Delecto‏ @PierreDelect Jun 15
      Replying to @yhdistyminen @koaleszenz and

      right- so they *do in fact* increase the rental prices of the neighborhood. For this reason- YIMBYs MUST adopt rent control if they're gonna keep selling the lie that new development creates affordable housing

      2 replies 0 retweets 1 like
    5. Queens4Evah‏ @Queens4Evah Jun 15
      Replying to @PierreDelect @koaleszenz @nicoleamurray

      You just keep asserting this over and over when the actual empirical data dispositively refutes this claim, no matter how many times you type the word "laughable"

      1 reply 1 retweet 58 likes
    6. Pierre Delecto‏ @PierreDelect Jun 15
      Replying to @Queens4Evah @koaleszenz @nicoleamurray

      there isn't a single city in the U.S. that has built their way into lowering rent or creating affordable housing. More luxury housing creates more luxury housing, not sure how it could possibly create affordable housing without intentionally creating *affordable housing*

      5 replies 0 retweets 2 likes
    7. 𝐮𝐩𝐡𝐨𝐥𝐝 𝐂𝐑𝐄𝐀𝐓𝐎𝐑 𝐭𝐡𝐨𝐮𝐠𝐡𝐭‏ @yhdistyminen Jun 15
      Replying to @PierreDelect @Queens4Evah @nicoleamurray

      there also isn't a single city in the US that has rent-controlled its way into affordability

      1 reply 0 retweets 11 likes
    8. Pierre Delecto‏ @PierreDelect Jun 15
      Replying to @yhdistyminen @koaleszenz and

      incorrect- rent controlled units in SF & NYC are still affordable- in fact, my artist community can find me a spacious spot in either city in a *beautiful* loft for $600/month thanks to Rent Control. The only thing keeping artists in these cities

      2 replies 0 retweets 0 likes
    9. 𝐮𝐩𝐡𝐨𝐥𝐝 𝐂𝐑𝐄𝐀𝐓𝐎𝐑 𝐭𝐡𝐨𝐮𝐠𝐡𝐭‏ @yhdistyminen Jun 15
      Replying to @PierreDelect @Queens4Evah @nicoleamurray

      oh, damn, i guess skyrocketing rents in those cities are just fake news

      2 replies 0 retweets 15 likes
    10. Pierre Delecto‏ @PierreDelect Jun 15
      Replying to @yhdistyminen @koaleszenz and

      Skyrocketing rents in *unregulated units* We have methods to create affordable housing already in practice- unfortunately you'd rather team up with landlords to use *their ideas to create more wealth inequality instead of teaming up with the anti-landlord locals

      3 replies 0 retweets 0 likes
      drew‏ @drewg__ Jun 15
      Replying to @PierreDelect @koaleszenz and

      i get that you hate new people in NYC but new people come here every year and they need a place to live--they have been since forever. Trying to rent control your way out of the problem does nothing to address the fundamental imbalance of supply and demand

      3:56 PM - 15 Jun 2021
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Pierre Delecto‏ @PierreDelect Jun 15
          Replying to @drewg__ @koaleszenz and

          I get that you hate an affordable NYC, but new people have more than enough available housing to move into in NYC as it exists currently. What they don't have is enough rent controlled units

          2 replies 0 retweets 0 likes
        3. 𝐮𝐩𝐡𝐨𝐥𝐝 𝐂𝐑𝐄𝐀𝐓𝐎𝐑 𝐭𝐡𝐨𝐮𝐠𝐡𝐭‏ @yhdistyminen Jun 15
          Replying to @PierreDelect @drewg__ and

          when you impose rent control on some units, and housing is scarce, what do you think landlords do in situations where rent control doesn't apply (e.g., non-controlled units or new tenants)

          1 reply 0 retweets 1 like
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