In a recent report, only 30 to 40 percent of those polled in a national survey of urban and suburban residents believed a 10 percent increase in housing production would result in lower home prices and rents. Against that backdrop, however, a research team at New York University issued a report last month arguing that there is clear evidence that boosting supply is the key to lowering or moderating housing costs.
“All the evidence shows that it does reduce housing costs,” said Vicki Been, director of the NYU Furman Center for Real Estate and Urban Policy. The report by Been and two NYU colleagues attempts to look at all the evidence available from studies of the question.
“In sum,” they write, “significant new evidence shows that new construction in a variety of settings decreases, or slows increases in, rents, not only for the city as a whole, but generally also for apartments located close to the new construction.”
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One thing the report authors, state housing officials, and supply skeptics agree on is that building more housing alone will not solve the housing crisis facing people at low incomes.
Increasing the supply of housing is necessary, said Been, but “it’s not sufficient because there will always be people who do not make enough money or can’t work for whatever reason and don’t have enough income to pay for housing.” She and her co-authors said robust housing subsidy programs are crucial for those households.
United States (US)
Yes, building more housing does lower rents, study says
in CommonWealth BeaconOn Top of Everything Else, Henry Kissinger Prevented Peace in the Middle East
in The InterceptThe encomiums have flowed voluminously for Henry Kissinger, and there have been some condemnations too. But even in the latter, little attention has been paid to his efforts to prevent peace from breaking out in the Mideast — efforts which helped cause the 1973 Arab–Israeli War and set in stone the Israeli occupation of the West Bank and Gaza. This underappreciated aspect of Kissinger’s career adds tens of thousands of lives to his body count, which is in the millions.
Henry Kissinger, War Criminal Beloved by America’s Ruling Class, Finally Dies
in Rolling StonePinochet’s torture chambers were the maternity ward of neoliberalism, a baby delivered bloody and screaming by Henry Kissinger. This was the “just and liberal world order” Clinton considered Kissinger’s life work.
He was no less foundational in pushing the frontiers of where American military power could operate. It turned out the secret bombing of Cambodia and Laos, which lasted years, represented a template. When Nixon in 1970 revealed the secret bombings, it was a step too far even for Thomas Schelling, one of the Pentagon’s favorite defense academics, who called them “sickening.” As Greg Grandin writes in Kissinger’s Shadow, the Cambridge-to-Washington set was not prepared in 1970 to accept that the U.S. had the right to destroy an enemy “safe haven” in a country it was not at war with and to do it all in secret, thereby shielding a war from basic public scrutiny. After 9/11, those assertions became accepted, foundational pillars of a War on Terror permitting four presidents to bomb, for 20 years, Pakistanis, Yemenis, Somalis, Libyans, Syrians and others.
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The international architecture that the U.S. and its allies established after World War II, shorthanded today as the “rules-based international order,” somehow never gets around to applying the same pressure on a hegemonic United States as it applies to U.S.-hostile or defiant powers. It reflects the organizing principle of American exceptionalism: America acts; it is not acted upon. Henry Kissinger was a supreme architect of the rules-based international order.
White House Fears Pause In Fighting Will Let Journalists See What's Been Happening In Gaza
Tucked away many paragraphs into this report is a sentence which is getting a lot of attention on social media today saying that according to Politico’s sources there has been some resistance to the pause in fighting within the administration due to fears that it will allow journalists into Gaza to report on the devastation Israel has inflicted upon the enclave.
“And there was some concern in the administration about an unintended consequence of the pause: that it would allow journalists broader access to Gaza and the opportunity to further illuminate the devastation there and turn public opinion on Israel,” Politico reports.
In other words, the White House is worried that a brief pause in the Israeli massacre of civilians in Gaza will allow journalists to report the truth about the Israeli massacre of civilians in Gaza, because it will hurt the information interests of the US and Israel. They are worried that the public will become more aware of facts and truth.
Needless to say, if you’re standing on the right side of history you’re not typically worried about journalists reporting true facts about current events and thereby damaging public support for your agendas.
This Is The Real Face Of The US Empire
Someone uploaded one of those viral “help identify this racist jerk” clips featuring a man accosting a street vendor with awful Islamophobic vitriol, and it turned out he was the former US State Department Deputy Director in the Office of Israel and Palestinian Affairs.
It sounds made up, but that’s exactly what just happened; Vice has a whole article out about it. The video was uploaded today, and within hours the man was identified as Stuart Seldowitz, who helped direct US diplomacy on Israel-Palestine from 1999 to 2003 and then served on the Obama administration’s National Security Council.
Israeli War Crimes and Propaganda Follow US Blueprint
in CounterPunchWhen British playwright Harold Pinter was awarded the Nobel Prize for Literature in 2005, in the midst of the Iraq War, he titled his Nobel speech “Art, Truth and Politics,” and used it to shine a light on this diabolical aspect of U.S. war-making.
After talking about the hundreds of thousands of killings in Indonesia, Greece, Uruguay, Brazil, Paraguay, Haiti, Turkey, the Philippines, Guatemala, El Salvador, Chile and Nicaragua, Pinter asked: “Did they take place? And are they in all cases attributable to US foreign policy? The answer is yes, they did take place and they are attributable to American foreign policy,”
“But you wouldn’t know it,” he went on.”It never happened. Nothing ever happened. Even while it was happening it wasn’t happening. It didn’t matter. It was of no interest. The crimes of the United States have been systematic, constant, vicious, remorseless, but very few people have actually talked about them. You have to hand it to America. It has exercised a quite clinical manipulation of power worldwide while masquerading as a force for universal good. It’s a brilliant, even witty, highly successful act of hypnosis.”
Don’t be fooled. Biden is fully signed up to genocide in Gaza
The reality is that Gaza has not experienced a day free of Israeli occupation since 1967. All that Israel did 18 years ago when it pulled out its Jewish settlers, was to run the occupation more remotely, exploiting new developments in weapons and surveillance technologies.
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Another deceit is the impression Blinken is intentionally creating that the US is preparing for a confrontation with Israel over Gaza’s future.
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But the suggestion that Israel and Washington are not on the same page is pure trickery. The “row” is entirely confected, designed to make it look like the Biden administration, in pushing for negotiations, is taking the Palestinians’ side against Israel. Nothing could be further from the truth.
The pretence is a boon to both sides. The US wants to look like one day – after all Gaza’s homes are destroyed and its people ethnically cleansed – it will drag Netanyahu to the negotiating table kicking and screaming.
An embattled Netanyahu, meanwhile, is able to score popularity points with the Israeli right by posturing defiantly against the Biden administration.
It is pure theatre. The confrontation will never materialise. The US “vision” is nothing more than make-believe.
Renters Are in Revolt. This Tenant Union Plans to Get Them Organized
in TimeTenant movements have already led to reforms in Los Angeles, New York, and Miami, among many other expensive, renter-heavy cities. But one of the most effective tenant unions in the country is KC Tenants, in Kansas City, Missouri.
Over the last four years, KC Tenants and their political arm, KC Tenants Power, have blocked thousands of evictions in Kansas City, won tens of millions of dollars of city funding for long-term affordable housing, and grown their ranks to nearly 10,000 members. Last year, they won a "Right to Counsel" program for renters in Kansas City, ensuring that any tenant facing eviction is guaranteed free legal representation. And in June, four of the six KC Tenant-endorsed candidates for Kansas City City Council (including three incumbents) won their races. Renter Revolt, the latest short documentary from TIME, follows one of the KC Tenants organizers, Jenay Manley, as she campaigns for a City Council seat.
Reckoning with Boston’s towers of wealth
in Boston GlobeThis is jaw-dropping:
Ultimately government leaders’ actions — or inaction — could shape Boston’s identity for decades, experts say.
“The next generation is in trouble, unless they have wealthy parents who can help,” said economist Barry Bluestone, professor emeritus at Northeastern University.
“We have some housing for the very poor,” built with the help of state and federal subsidies, Bluestone said. “And there’s more than enough for the very wealthy. But everybody in between — the working and middle class — is just being priced out of the city at a faster and faster pace. And those are the people who, let’s be honest, make the city.”
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It is often hard to tell who owns high-end US real estate, as affluent people frequently buy property through shell companies that protect their transactions’ confidentiality. It’s even harder to know how many buyers actually reside in such residences.
At One Dalton, about 15 percent of the building’s 171 units remain unsold, four years after the building opened, according to city and state records as of Sept. 25. Griffin, the spokesperson for One Dalton’s developer, said that although numerous units are unsold, some are not being marketed at this time.
Meanwhile almost two-thirds of One Dalton buyers are limited liability corporations, trusts, or other entities that can enable owners to obscure their identities.
There is no definitive way to tell how many residents sleep there, or for how many days a year. But there is this suggestive indicator: Only 16 percent of One Dalton’s units have owners who filed for a residential tax exemption, affirming that it was their primary home, city records show.
US Says It's Powerless To Stop The Genocide That It Is Directly Funding And Supplying
In a bizarre new article titled “White House frustrated by Israel’s onslaught but sees few options,” The Washington Post reports that the Biden administration believes Israel has gone too far and is killing too many civilians in its assault on Gaza, but are powerless to do anything about it.
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In summary, this Washington Post article is telling us that Biden is powerless to stop the genocidal massacre in Gaza because he really likes the people doing the genocide and doesn’t want to stop them from doing it.
We’ve been asked to believe a lot of very stupid things since this onslaught began last month, but the idea that the Biden administration is powerless to stop a genocide that it is directly arming and supplying has got to be the absolute stupidest.