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.
What is community worth to you?
Support local journalism.


There are no comments yet for this post
Sorry, but further commenting on this topic has been closed.

All your news. All in one place. Every day.

Couple brings Chinese zongzi to Mountain View
By Elena Kadvany | 0 comments | 5,956 views

Don't Miss Your Exit (and other lessons from an EV drive)
By Sherry Listgarten | 9 comments | 1,764 views

Goodbye Food Waste!
By Laura Stec | 5 comments | 1,513 views

"Better" Dads and "Re-invigorated" Moms: Happier Couples
By Chandrama Anderson | 1 comment | 1,181 views

Bobby in Naziland: A Tale of Flatbush
By Stuart Soffer | 2 comments | 531 views


Register today!

On Friday, October 11, join us at the Palo Alto Baylands for a 5K walk, 5K run, 10K run or half marathon! All proceeds benefit local nonprofits serving children and families.

Learn More