South Brooklyn DSA

I'm not a developer, and I've worked against gentrification for quite a number of years. Building a lot of new cheap rentals in areas that are not at risk for gentrification is the best way to keep people from gentrifying other areas. There's more people in NYC every year and

they all need housing. Building housing is the only way to create that housing. I live in a pre-war with 50 units and no parking, it'd be illegal to build it now because of parking requirements, but if we built more like it then we would have less of a problem with gentrification

Building housing is neither the only way to server NYC's housing needs nor a workable solution to the housing crisis. If that sounds, counterintuitive you haven't been counting the number of new housing units built per year, but I have:https://twitter.com/showusyourwork/status/998372619283058688 …

We've added over 400,000 units of housing over the last 19 years (while growing the population by about a million), but homelessness and housing prices have skyrocketed. The top of the market (the least efficient mode of housing) has a glut, while affordable housing vanishes.

The fact that there's a glut at the top is driven by a dew different things, bad regs is one.

It's less about regulation than the creation of a market in which real estate is a good investment (meaning housing prices outpace inflation, which means housing becomes unaffordable). NYC is also a great place to park/launder foreign capital and property taxes are absurdly low

A vacancy tax would be a nice start. One that's progressive by both time and value.

Vacancy tax revenue and vacant properties to be redistributed to homeless New Yorkers, yea?