Earlier quoted context omitted.
That’s not a “city” thing, it’s a “New Yorker” thing. People in Tokyo routinely leave things unattended in public, including valuable and easily carried things like laptops.
Or that’s a Tokyo thing. I can’t think of a single city in europe where you could leave a laptop unattended and expect to see it again.
Manhattan rents cross $5k threshold for first time
811–820 of 1001 posts
Re: Manhattan rents cross $5k threshold for first time
#812Earlier quoted context omitted.
That’s not a “city” thing, it’s a “New Yorker” thing. People in Tokyo routinely leave things unattended in public, including valuable and easily carried things like laptops.
Its an american city thing really. The same thing would happen when I live in big cities on the west coast and in smaller cities in the midwest too. In the midwest was where my friend got a window smashed for their micro usb cable that couldn't have been more than $2.
Re: Manhattan rents cross $5k threshold for first time
#813Earlier quoted context omitted.
Housing =/= Land. But our policies which heavily kneecap our ability to build more [0] make it such that Housing starts behaving like Land. The solution is to build more, and the success of Vienna does not come from public intervention but from the added supply. Tokyo is another city with famously cheap housing, and the secret is that they make it easy to build. I personally think that achieving affordable housing pr…
The article is about Manhattan. Do you have any idea if it has similar problems? In my mind, Manhattan is pretty dense.
Re: Manhattan rents cross $5k threshold for first time
#814Earlier quoted context omitted.
> In my mind, Manhattan is pretty dense. It can be doing so much better. I get a tad excited reading about 1,000ft supertall's being built, only to sigh when I see it will have a whopping 80 units. I've seen even more ridiculous stuff like a 10 story building with 4 units. There's been a ton of construction in NYC over the last 5 years alone but it seems to be mostly luxury and medium/low density. There are plenty of…
Exactly. Libertarians in here love to say it's a lack of supply and it's simple supply and demand and you look at what's being built and it's 1000ft tall buildings with a tiny number of luxury units.
Re: Manhattan rents cross $5k threshold for first time
#815Housing and land is a non-transable good, and therefore there should be heavy state intervention on it, preferably by doing the same as Vienna, which is holding >40% of the renting stock and charging according to income, and renting to a representative distribution of tenants so to prevent guettos. Rent is the main detractor of disposable income which hurts the rest of the economy, and property owners provide almost…
Housing =/= Land. But our policies which heavily kneecap our ability to build more [0] make it such that Housing starts behaving like Land. The solution is to build more, and the success of Vienna does not come from public intervention but from the added supply. Tokyo is another city with famously cheap housing, and the secret is that they make it easy to build. I personally think that achieving affordable housing pr…
I wonder, because it is always stated that if only density was increased by building more, housing would become cheap.
But this article is about NYC, the densest city in the US, not being cheap at all.
Re: Manhattan rents cross $5k threshold for first time
#816Earlier quoted context omitted.
Or that’s a Tokyo thing. I can’t think of a single city in europe where you could leave a laptop unattended and expect to see it again.
I'm not sure that's true. I think people are generally more honest that people assume. It's prudent to assume it will be stolen, but I suspect most of the time, accidentally leaving something somewhere for a short while would be just fine.
Re: Manhattan rents cross $5k threshold for first time
#817Earlier quoted context omitted.
The article is about Manhattan. Do you have any idea if it has similar problems? In my mind, Manhattan is pretty dense.
> In my mind, Manhattan is pretty dense. It can be doing so much better. I get a tad excited reading about 1,000ft supertall's being built, only to sigh when I see it will have a whopping 80 units. I've seen even more ridiculous stuff like a 10 story building with 4 units. There's been a ton of construction in NYC over the last 5 years alone but it seems to be mostly luxury and medium/low density. There are plenty of…
[1]https://www.nytimes.com/interactive/2016/05/19/upshot/forty-...
Re: Manhattan rents cross $5k threshold for first time
#818Earlier quoted context omitted.
Housing =/= Land. But our policies which heavily kneecap our ability to build more [0] make it such that Housing starts behaving like Land. The solution is to build more, and the success of Vienna does not come from public intervention but from the added supply. Tokyo is another city with famously cheap housing, and the secret is that they make it easy to build. I personally think that achieving affordable housing pr…
I think, fundamentally, the problem is that there is a highly speculative market (real-estate) attached to a basic needs market (housing). I think of myself as right-of-center, but think George was more or less spot on w.r.t. land. I wonder if there is a solution in banning rent itself? i.e. force owners to transfer a % of ownership equal to rental fees received from tenants and allow them to discount improvements ag…
Re: Manhattan rents cross $5k threshold for first time
#819Earlier quoted context omitted.
And yet it works in Tokyo, a city of almost double the population?
I'm not sure why you think Tokyo works, it wasn't long ago that it was multiple times the price of NYC. It might be affordable now but only because of a economic slump and Japan's falling population.
Re: Manhattan rents cross $5k threshold for first time
#820Earlier quoted context omitted.
The alternative for many is worse - many roommates, incredibly long commute, or homelessness. Remember that Googler who lived in his car? ( https://www.businessinsider.com/google-employee-lives-in-tru... )
The alternative is to literally just let developers build new properties. That's all you have to do. Upzone. Stop with the rent control. Stop with the mandatory parking minimums. Stop with the NIMBY bullshit.
Its hard to build over top of places that are already being lived in, and once you kick those people out, you have even more people that need a new place to live
That said, if you're going to kick poor people out of their homes for the sake of rich moving in, why not just have the rich people live in those homes and call it a day?