
“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:
Free Movement for U.S. Goods But Not for U.S. Citizens?
Oliver Stone Was Right about the CIA
Government Agencies Failed, so We Must Give Them Even More Authority
Paul Craig Roberts: Democrats Confirm Torturer As Director Of CIA
Glenn Greenwald: Correspondence and collusion between the New York Times and the CIA
Jim Rogers: Why Gold Broke Its Bull Run
The War On Privacy and Civil Liberties Escalates
Glenn Greenwald: What Foreign Policy “Debate” Means on “Face the Nation”
Bankruptcy Litigation Does Not Generate New Wealth
Peter Schiff: 'Operation Screw: The Fed goes all-in on QE'
Will Boehner Stop Our Rogue President?
Most Bizarre Hedging Statement Ever?
What Higher Mortgage Rates Mean in the Real World
How long can this rally last?
All Tyranny is Local