
“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:
Ben Bernanke Plots More Mayhem?
“Stalin Would Love This…”
Bill Bonner: No Real Recovery Without "Hitting Bottom" First...
Why Do They Need FATCA When They Have SWIFT?
Venezuela Runs Out of Toilet Paper, Achieves True Socialism
When Dominance Leads to Incompetence and Catastrophe
Real Reason they Arrested Brandon Raub: Strip Him of His Right to Bear Arms
“Are You Willing to Die So That the CIA . . .
Who Wants War with Syria?
US Evacuation in Libya Shows Ill Effects of US Interventionism
Krugman thinks low interest rates are behind the boom in paper currency. Not so fast!
NYT Sees ‘Dystopia’ in Chinese Surveillance—Which Looks a Lot Like US Surveillance
Inspector general's report on FBI and Clinton's emails shows secrecy threatens democracy
16 Years Ago, Bush Opened the Floodgates to Torture at Guantánamo
German Study: Tax Competition and Fiscal Decentralization Limit Income Redistribution