Once again, the Editorial Board simply overlooks one of the most pressing problems the city faces: the grotesque over-development prompted by real estate developers who bribe NYC officials with campaign contributions. Almost all height and density limits have now been overturned using the specious justification of “affordable housing” that somehow rarely gets built. Instead, in the name of “affordable housing,” low-rise housing that actually is more affordable is demolished and luxury towers for the wealthy rise in their place. There isn’t even a pretense anymore that anything affordable will be mandated in exchange for giving developers carte blanche.
The closest the Editorial Board gets to land use in this piece is to make some highly reactionary noises about the Democrats being too left and daring to criticize “greedy landlords for high rents, instead of emphasizing the crucial role of housing supply.” That is both reactionary and a complete cop-out. We certainly don’t have greedy landlords in this city, do we? I mean, what’s $4,000 a month for a studio apartment? And what about those same landlords warehousing rent-regulated apartments? That kinda might affect supply, don’t you think? The Editorial Board doesn’t want to go near City Hall’s “affordable housing” scam because it knows that it is indefensible.
Once again, a Times editorial demonstrates the outsize influence on the Editorial Board of a Board of Directors dominated by financiers. It is telling that the Editorial Board actually praises Michael Bloomberg, without mentioning the way his up zoning blitz turbocharged New York’s housing affordability crisis. The Billionaire’s Row Bloomberg inflicted on Manhattan is one of the greatest civic failures in NYC history. Any semblance of scale diversity was obliterated and in its place are gargantuan towers that people don’t want to live in. It’s not just absentee tenants we’re talking about, but the inability of these buildings to sell their apartments, period.
As D.D. Guttenplan wrote in The Nation in 2021, the Times is the “cheer leader in chief for gentrification,” which has been “on the wrong side of nearly every fight dating back to the days of Robert Moses.”