
“De Blasio touts a ‘temporary’ freeze on regulated rents. It’s madness on its face: Price controls have never increased the supply of a scarce commodity, not in the history of human commerce. And most potential developers already distrust the city, with good reason; a rent freeze would give them just one more reason to stay out of the market. De Blasio also wants to force developers seeking to build in certain parts of the city to provide — at their own expense — at least one low-income unit in a new building for every five market-rate apartments they build.”
http://nypost.com/2013/10/21/bill-de-blasios-housing-pipe-dreams/
Related posts:
Obama Has a New 401(k) – Yours
Lawlessness of the West
Ron Paul: US Sanctions on Russia May Sink the Dollar
Glenn Greenwald: The Boston bombing produces familiar and revealing reactions
Bruce Schneier: Surreptitiously Tampering with Computer Chips
UN Releases 2013 World Drug War Report
Ron Paul: What We Have Learned From Afghanistan
Bill Bonner: Watch the Parking Meters
Bill Bonner: The Fed Can’t Stop What’s Coming
Paul Craig Roberts: Assault On Gold Update
Risks Across All Markets Necessitate Careful Asset Allocation
The NSA-DEA police state tango
Phoenix Woman Ordered to Not Give Out Water in 112 Degree Heat Because She Lacked a Permit
Understanding Gold Market Dynamics
Work Those Greeks! Advent of Modern Slavery?