While the sudden mass vacancy of land, only to have it overrun by drug-pushing gang bangers, is a gross exaggeration, there’s few reasons to believe a rent freeze would help NYC’s housing affordability crisis. Rent stabilized apartments are, generally, already unaffordable. This is especially true of rent-stabilized units in The Bronx. While a freeze would add less burden than a hike, it’s in no way a solution….
Just because it sounds good, doesn’t mean it’s good.
Just because the “progressive” politicians support it, doesn’t mean its good.
And just because your advocates jumped on the bandwagon doesn’t mean it’s good either.
The downside of a rent freeze is far worse than the upside. Not because the downside is particularly deep, but because there’s virtually no upside. Apartments aren’t made more affordable. More affordable apartments aren’t made (indeed, an unlikely long-term rent freeze could take affordable units off the market). Incomes don’t rise. People don’t become more socially mobile.
All that happens is that politicians now have an excuse to claim that they’ve taken real initiative against the affordable housing crisis, while sidelining the harder to fight issues like stagnant wages, social stagnation, unemployment that contribute a lot to why our City is becoming less affordable.