New York City’s Affordable Housing Bonanza for the Rich
3rd July 2014
It’s no secret that one-percenters have occupied more than their share of Manhattan’s rent-controlled apartments. High profile freeloaders of the past include New Yorker editor William Shawn, singers Carly Simon and Cyndi Lauper, TV personality Alistair Cooke, Metropolitan Museum of Art Director Philippe de Montebello, former Kennedy speechwriter Ted Sorensen, screenwriter Nora Ephron, Mick Jagger’s ex, Bianca, and Mayor Ed Koch (D). Manhattan Congressman Charlie Rangel (D-13th District) famously pigged out on four rent-controlled pads—three to live in and one for his campaign office.
Democrats – party of the 1%. That’s not on your copy, of course.
De Blasio, who ran on a promise to reduce inequality, is now enabling upper middle class New Yorkers to tap into these subsidies to serve their housing needs. In a city in which one in five households lives below the poverty line, spending limited government dollars so professionals earning six figures don’t have to leave their favored neighborhoods is obscene.
Suckers….