Think housing is expensive here? NYC struggles with affordable housing. | Deep Menlo | Stuart Soffer | Almanac Online |

Local Blogs

Deep Menlo

By Stuart Soffer

E-mail Stuart Soffer

About this blog: Growing up in Brooklyn, NY I lived in high-density housing and experienced transit-oriented services first hand. During high school and college summers I worked in Manhattan drafting tenant floor plans for high-rise office buildi...  (More)

View all posts from Stuart Soffer

Think housing is expensive here? NYC struggles with affordable housing.

Uploaded: Jun 8, 2014
This morning's New York Times has a good article ("Affordable Housing That's Very Costly") on efforts in NYC to increase affordable housing (whatever that means). A market rate 2-bedroom apartment is going for almost $8700/ month.


None of what is explained is new to New York. Indeed, the long existing "rent-control" programs began after WW2 to reward returning servicemen/women and help get them onto better economic footing after having been separated from their families for some years. Indeed, I grew up in rent-controlled housing (as most everyone that I knew at the time). Rent-controlled housing is basically middle class housing.

I'll point out that there is another housing model in NYC, the coop. A coop building is owned by a corporation. Instead of buying a condo, people buy shares in a coop for a unit. It's an interesting creature: one must apply, interview and be approved by the coop board ? your neighbors - to get your apartment.

The article makes the point that I recognized in Menlo Park ? that mandating low incoming housing increases the costs for everyone else, exacerbating the entry cost for others. It seems they have the erroneous assumption that getting what we call a 'below market rate' fee of developers, and then accumulating that for the city to spend on housing, never gets the amount of housing that could be consumed.


There are no comments yet for this post

Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.


Follow this blogger (Receive an email when blogger makes a new post)


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Opening alert: Kyosho Sushi in Menlo Park
By Elena Kadvany | 0 comments | 2,454 views

Umeboshi - The Macrobiotic Antibiotic
By Laura Stec | 0 comments | 2,092 views

Recent Research for Wives to Keep Husbands from Straying
By Chandrama Anderson | 0 comments | 545 views

On Voter Databases and Election Systems
By Stuart Soffer | 3 comments | 413 views


Meet the winners!

The results are in. Check out The Almanac readers' favorite foods, services and fun stuff in the area.

View Winners