Market Urbanism

Liberalizing cities | From the bottom up

“Market Urbanism” refers to the synthesis of classical liberal economics and ethics (market), with an appreciation of the urban way of life and its benefits to society (urbanism). We advocate for the emergence of bottom up solutions to urban issues, as opposed to ones imposed from the top down.

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

By

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.

Comments

  5. 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.
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    Investing in Property

  8. 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.

  10. 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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