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NY Gov. Patterson’s Rent-Stabilized Apartment in Harlem

By Market Urbanism, on May 16th, 2008

NY Sun: Paterson Pays A Stabilized Rate of Rent

The governor of New York pays about $1,250 a month for a two-bedroom, rent-stabilized apartment in central Harlem, even while owning a home upstate in Guilderland and having unfettered access to the 40-room Governor’s Mansion in Albany.

Governor Paterson and his wife, Michelle, made about $270,000 last year, according to their tax returns.

This is a classic example of hoarding. He should be ashamed of his Lenox Terrace apartment that someone would gladly pay market rate to rent, but seems to think it’s ok.
Can’t we at least deregulate apartments when the inhabitant can afford to live in a market-rate apartment? I hope the media pays attention to this, and properly scrutinizes the dark-side of rent regulation.

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May 16th, 2008 | Tags: , , , , , , , , , | Category: corruption, rent control | 16 comments | printable view
  • Kara

    agreed. these laws should be abolished.

  • Kara

    agreed. these laws should be abolished.

  • http://www.worksheetrelapsepreventionaddiction.net/ prevention_addiction

    That's the great article! I just pass 'n read it, two thumbs up! ;)

  • Anonymous

    Apartments Barcelona – Interesting article to read! Why don’t you make sure, you have enough money to secure a good apartment in Barcelona?

  • HouseMaster

    Such things make me feel like a stupid person for electing some of these clowns that rule our country. I mean, ome of them don't even the least common sense to behave like political leaders which an entire country looks at and expects, but expects things that aren't going to happen.
    _________________________________________
    Investing in Property

  • http://www.newconstructionmanhattan.com/ Manhattan Rental Expert

    Point well made about NYC Apartments in Harlem ! There should definitely be better regulation over rent control.

  • http://www.newconstructionmanhattan.com/ Manhattan Rental Expert

    You make a very good point. It isn't fair for Governor Paterson to be taking advantage of the rent control of NYC.

    ___________________________________
    Manhattan Rental Expert

  • dragos_ionut2004

    I have to agree that this is a bit annoying, given the fact that rent controlled apartments are so hard to find. But, luckily, I found something on the internet that helped me find New York NY apartments.

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    just like that vacation apartment that i want to stay in,, a stabilized and peaceful one .. where you are sure that no one would harm you … http://www.telavivapartments.net

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    at least deregulate apartments when the inhabitant can afford to live in a market-rate apartment? I hope the media pays attention to this, and properly scrutinizes the dark-side of rent regulation.

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  • http://diamondcake.com/luxury/luxury-real-estate/ Luxury Real Estate

    Good to know that this topic is being covered also in this web site.

  • http://www.carneyproperties.com/ Cape Coral Properties

    Just wanted to respond. I had a great time reading this, Outstanding post over again.

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    Thanks a lot for posting. The information is really helpful with my research. I am working on a research about this guy. 

  • http://www.swflrn.com/ Cape Coral Rental Management

    Kind of person like this always think me about. They are living unequally.

  • http://foreclosureclearance.com/ Foreclosures

    Abusing their position to do whatever they wants. What they are doing? People are always watching them to inspire not to disappoint.