by John Galt » Thu Apr 02, 2015 11:17 pm
the "rental emergency" laws caused by returning soldiers in nyc FROM WORLD WAR ONE are still in effect. essentially, tenets have a landed right to their landlord's property. they can have their children inherit it. or they can give it to a friend that lives with them for two years. this forces the rent down, way down, compared to others. but on the other hand, it forces the other ones way up. why build when your tenets have "right" to YOUR property? you have to find them a similar place with similar rent in the same neighborhood if you want to reclaim your own house. it's completely arbitrary itself in that it benefits people who have rented the longest. those places could be torn down, made more efficient use of space etc. that's the problem in NYC anyway
Americans learn only from catastrophe and not from experience. -- Theodore Roosevelt
My life has become a single, ongoing revelation that I haven’t been cynical enough.