Recent comments in /f/nyc

Suspicious_Error_722 t1_jax7a4a wrote

It is my understanding that the developers are benefiting from the program through a contract from the city. Not all of the apartments in these housing lotteries are the same price or are at decreased value. The apartments range from $36 - $75 or more. The point of the program is to provide affordable housing to people that need it. It has been sustainable because only a percentage are required to be affordable. However, making a building under the program that benefits from what should have been for people within the 45-80 bracket doesn’t make sense if it isn’t accessible to those people. People with those brackets aren’t considered low income and cannot benefit from any other program in the city. It is just corrupt for someone to use funds for a program meant for the sole purpose of providing housing options to people in the city that need it with rising costs of living. Especially when you consider rent is the larger bill anyone has on a monthly basis. Someone making $100,000 isn’t someone with a need. No one is saying they can’t make the building, just don’t use the affordable housing program to do it.

You won’t be able to control the market price, that’s why the affordable program exists. That was the entire purpose of it. Money is set aside for the program and why is it we can offer tax breaks to the rich or forgive banks but we can’t have a program that benefits the working class. You know the people that still pay taxes but struggle. It doesn’t make sense to me.

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kinovelo t1_jax56xh wrote

Nobody would construct a building where they’d lose money because all of the tenants are low-income and only pay 25% of market rate. Getting $2,500 for a $3K apartment is likely sustainable (they’d more than break even on that); getting $750 likely is not. The developer would likely go bankrupt if all units cost that little.

Ultimately, we need to reduce market rates across the board, where profit margins for developers are lower, but the idea that people are entitled to “free stuff” just because of their income isn’t going to fix anything on a macro-level other than for a select few people that win a lottery.

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wefarrell t1_jax3mr8 wrote

That’s a strawman argument, few would acknowledge it isn’t a problem. Progressives take issue with a restriction in immigration being the only solution. Building more housing would be a good start.

Meanwhile those on the right will simultaneously complain about immigration and inflation without realizing that a drop in immigration is one of the leading causes for rising prices right now.

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Suspicious_Error_722 t1_jax34vc wrote

As I said before, the housing would have to outside of the city. Considering most NYers need actual affordable housing. Someone making $100,000 can get normal housing. You don’t need to construct a building dedicated to that, it would have made sense as an actual “affordable housing” building that had units for multiple incomes like they did when the program started. Having a building that starts at $100,000 doesn’t make sense, someone with that income can afford housing.

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losvatoslocos2111 t1_jax26cx wrote

Could those be 3-D printed? I’m new to using a 3-D printer but we are looking for a project at work and have all the materials, cricut and label maker. Not to steal an idea, no $ involved.

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George4Mayor86 t1_jax0zz3 wrote

Ok. How is that different? Their singular goal is to make sure people accused of crimes get as little punishment as possible - regardless of whether they know perfectly well their client is guilty.

Again, this isn’t a bad thing. Even criminals are entitled to legal defense. But people wrongly assume that criminal defenders care about public safety, when that’s specifically not their job.

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