without government subsidies, developers may not build - Reader comments at The New York Sun

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Reader comment on:
Manhattan Housing Cycle Turns Toward Rentals
in response to reader comment: Re:

Submitted by Justin, Feb 2, 2007 16:14

Actually, a number of third world cities have very little in the way of regulation of housing stock. They also have shanty townshacks, a number of units without water or sewage, among other substandard and even dangerous conditions.

And these conditions worsen the city for all people, including the rich in their rich neighborhoods.

Also, Manhattan's population won't be doubling again. The city is pretty much at it's capacity (could maybe hold a little more, but not much more). The development you see now is mainly tearing down and rebuilding of existing diplidated structures.

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Other reader comments on this article

Comment	By	Date
It's sad that the government requires that 20% of new rental units are at controlled-rents. This means that the developer... [MORE]	Jason Pappas	Dec 1, 2006 08:03
The government does not always require that 20% of new rental units are controlled. However, if a developer wants zoning... [MORE]	Jabari Henderson-Brown	Dec 4, 2006 12:13
I'm aware that the means of saddling developers with "below market rent apartments" takes the form of a zoning restriction... [MORE]	Jason Pappas	Dec 4, 2006 13:32
There is certainly a problem with the housing supply, but there is also increasing demand. People are coming to NYC... [MORE]	Jabari Henderson-Brown	Dec 4, 2006 15:38
The high price isn't labor, land, or demand; it's regulation. If the height of buildings is restricted, as you believe... [MORE]	Jason Pappas	Dec 4, 2006 16:47
Actually, a number of third world cities have very little in the way of regulation of housing stock. They also...	Justin	Feb 2, 2007 16:14