alt Hacker News> NYC population is declining after all [1] largely because the city would rather treat housing as a scarce resource for them to divy up than something to increase the supply of.
The Mayor is literally implementing stuff to build more affordable housing. I agree that ultimately a lot less regulation is needed to make it easier to simply build, but your take on it belongs in a New York Post editorial. It's not serious.
> The tech and finance elite will stay here but normal people who are trying to make a decent living in construction and similar trades will end up following opportunities.
Your dichotomy is bullshit. People in blue collar trades are no more "normal" than most of the people working white collar jobs in tech, finance, law, etc.
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The mayor of NYC froze rent... rent controls are the opposite of building more affordable housing, since it disincentivizes building and renting units.
Affordable housing is literally treating housing a scarce resource for the state to divide up. It’s good for people who are already in the system or able to get into it but bad for everyone else. We just need radically more market rate supply rather than trying more affordable housing which has been a total failure. It is time to try supply side reforms.
> Your dichotomy is bullshit.
Middle class is the 25th-55th percentile of income. Most workers in tech/ finance/ law are above the 55th and most people in the trades are below it. Teachers and the like aren’t going to directly benefit from construction, but would atleast benefit from property taxes.