The Rent Regulation Laws Of 2015

The problem is there is inevitably a lack of housing, due to homelessness and influx of people. Without enough housing, the prices of the homes will be very expensive; however, if there is not a balanced mix of luxury and affordable housing, those already living there will be forced to leave because they will not be able to maintain taxes and other increases that will be tacked on to housing expenses. In order to make this process a bit more feasible, New York created the “Inclusionary Zoning program.” This program required “that developers set aside a certain percentage of units in a new development as affordable units.” The issue with this zoning ordinance is that although it was stated as a “requirement” the city kept it as a voluntary process.” With the ordinance being voluntary and developers with a capitalist mentality, many developers opted out of adhering to the ordinance. Although the residents of New York may not be in the power broker or decision-making classification, many of its inhabitants have been there for many years. Unless there are efforts to make this ordinance mandatory, there will be much opposition to keep new development out.

Affordable housing has become the paramount issue of cities and dense urban areas. San Francisco is the posterchild of an unaffordable city that regardless of immense investment from blue chip firms like Google, Facebook, and their ilk of startups evaluated at $1 billion or more, policymakers and elected officials must wrestle with the housing affordability crisis that is considered endogenous to swaths of homelessness and record statistics on crime. In New York City, Mayor Bill de Blasio has made affordable housing the centerpiece of his legislation and championed the cause as a social justice issue—neighborhoods must remain affordable to maintain diversity for all races, ethnicities, and low-income families. A small sample of 827 New Yorkers by the NY1-Baruch College City Poll found the main concern of respondents was affordable housing while crime, jobs, and homelessness were peripheral problems (Cuza, 2016). The public discourse on how to address housing across the United States has pointed to negative externalities that surround rent-regulation and homeownership. Conversely, for this essay I will present various cases in order to illustrate the housing crunch is influenced less by housing and land regulations, or antagonistic homeowners but is induced by global market forces.

In the constantly changing economy of cities, the growth of city housing is oftentimes neglected. In “Cities Mobilize to Help Those Threatened by Gentrification” Timothy Williams recounts how gentrification has evolved over the years. Mentioning how cities have changed in order to appease the younger professionals, Williams shows how the city itself is in jeopardy due to the tax increases. Slowly loosing their faithful residents as well as historic culture cities face a big deal. Williams gives quotes from faithful residents, “…long time homeowners are victims of the success story”, (Williams 346). In “Cities Mobilize to Help Those Threatened by Gentrification”, Williams uses his credible quotes and modern statistics to generate the reader’s emotions, with desire to change how city officials go about gentrification in culturally infused cities.

There has been a tremendous change in East Harlem between class warfare and gentrification. East Harlem is one more economic factor to the city’s wealth per capita since the attack of September 11, 2000. It is Manhattan’s last remaining development and it is on the agenda of the tax revenue of our government. East Harlem has become a profit driven capitalism. Gentrification enforces capitalism, it does not separate people, it does not go against race, poor and the working class, it wages war on the poor and the working-class.

Many opponents to gentrification argue that it will cause property taxes to go up and cause many families to struggle. Rising property taxes could occur, and may result in more struggles in the lower class and families that are already struggling, but these struggles are still just something that may happen but is not a guaranteed repercussion. There are many families that are trying to stay afloat and are barely doing so. Living paycheck to paycheck, a tax increase can be detrimental for some families. It will help improve communities and promote new businesses. Author of “Cities Mobilize to Help Those Threatened by

Gentrification is a problem that is plaguing cities all over the United States. Within the past decade, there has been an influx of people moving to Washington D.C., causing gentrification to become a prominent issue in the nation’s capital. People who have lived in certain parts of the city for generations are now being pushed out because of “escalating rents and real estate taxes associated with rising property values” (Duggan). And while it may be a positive thing that some areas of the city are experiencing revitalization, it’s a problem that the people who have been there are unable to experience it. Furthermore, there are certain areas of the city such as Anacostia, where poverty remains prominent. Gentrification is an issue in Washington D.C. that doesn’t seem like it is going to go away any time soon.

Gentrification is a major reason for the increase in rent prices throughout New York City. Harlem rent prices have gone up over the past years because of new condominiums and businesses that are being built in neighborhoods. The displacement of residents leads to an increase of people becoming homeless in the city. According to the author, Ivan Pereira, “Harlem saw a 9.4 % average rent price increase during that same period from $2,191 last year to $ 2,397 in January” (Pereira 1). The change causes longtime residents to move out because of a variety of factors including unaffordability, pressure from property owners, diminishing or lack of stores that cater to them and many more. The more condominiums and business’s being built makes living

Gentrification is the process of renovating and improving a neighborhood so that it can be more appealing to the middle-class taste and is negatively affecting many neighborhoods all over New York City. The gentrification of low-income neighborhoods can bring down a neighborhood and is responsible for the displacement of families who can’t afford to live in the gentrified area anymore due to the price of rent being dramatically increased. Landlords tend to raise rent to cast out low income renters and make room for higher-income renters who are looking to move into the neighborhood. Some of the lower class residents who are basically forced out of their homes tend to move in with relatives, search for a place to go in one of the city’s remaining cheap areas, and can even go homeless if they have no family, friends, or anywhere to go.

As a New Yorker, the author bases his article in the big apple and starts it off by notifying the audience that New York residents are familiar with gentrifying all too well. Davidson continues on to state that “Gentrification doesn’t need to be something that one group inflicts on another…” (349), rather, he suggests that everyone be on the same page when it comes to developing their communities. Later on in the article Davidson brings up a vital point that Jonathan Rose, a “private do-gooder” developer presents, “…the key is to make sure that residents and shop-keepers in low-income neighborhoods have equity and a political voice, before a real estate surge” (352). The point the

Gentrification is the process of taking distressed inner city neighborhoods and upgrading them to be more attractive to upscale skilled workers, and major corporations; where the neighborhood is converted to more affluent residential use. Studies profile most gentrifiers to be affluent, young, single, urban professionals and young, married couples who are both wage earners and have no children or small families. Housing improvements, city service upgrades and expansion of the local economy is often attributed to these gentrifiers. There are many New York City neighborhoods in recent years that have gone through gentrification. Some of those neighborhoods include Williamsburg, Downtown Brooklyn and Harlem to name a few. Gentrification can be positive for all involved if the government is able to employ successful provisions where the negatives turn into positives and existing members of the community won’t become unable to afford to continue to live in their residences due to rising housing costs and thus be forced out to live elsewhere. Support mechanisms must be in place for the current community to be able to reside and blend into the newly redeveloped community.

According to the article Gentrification by Ajay Panicker, gentrification is the process in which urban communities “experience a reversal, reinvestment, and the in-migration of a relatively well-off middle- and upper middle-class population” (Hwang and Sampson, 2014, pg. 727). With this definition in mind, gentrification has affected my life. In recent years, New York City has been stricken down by gentrification, specifically in certain areas of Brooklyn and Manhattan. As viewed in the text, African-American and Latino communities are comparatively poorer and marginalized due to gentrification. The neighborhoods in Brooklyn and Manhattan were once predominately African-American and Latino. Presently, these neighborhoods have been overtaken

So with spatial mismatch becoming a bigger issue as time went by, city gentrification became a routine for all cities creating even more disparity in ranges of wealth. People who have lived in their homes for a long time are now being forced out by plans to incorporate more businesses and malls. Property taxes began rising and as the city centers changed, people weren’t able to afford products in their own communities anymore. They dispersed to different sectors of the city, some moving completely out of the city. Gentrification not only affects where people live. It also affects local businesses. Small business owners can’t keep up with the rent because the community around the owners are now very high in value with new businesses, condos,

New York City has a massive community of people who are struggling with many issues. People today are struggling to find a job, or having financial issues. Other people are struggling with health issues like mental, emotional or

Although many people in the city of New York would say that gentrification is terrible for the people and the communities, they might not actually see what good it can bring. But first...what is gentrification? Gentrification is processed in which renewal and rebuilding bring in middle-class or wealthy folks into bad, run-down neighbourhoods which happen to displace the residents who were already living there. Sure, it’s an economic factor but it could also be a social component.

Land has been necessary for human survival since early civilization. Man has used rent in order to produce vital items for survival. Land has served as the backbone for producing clothing, food, and a place of living. We may take advantage of these commodities that wouldn’t have been possible if it wasn’t for land. Land holds great contribution to humankind and has played a great part in many generations before us. The hunter-gatherer role is a simple example of how man has used land as a tool for his own growth. Rent was created out of the need for land. Rent has been around before any economic theory was used to theorize it. The Latin word rendita was used to refer to a return (Keiper, 1961, p.3). The first theory of rent was seen in the late seventeenth century. The mercantilist economists created some central theories to theorize rent even though it wasn’t one of their more important worries. The history of the theory of rent can start with the mercantilists.