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Throwing cold water on the City Council's proposal to tackle heat
Manage episode 430702251 series 3556055
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With temperatures rising in New York, one ambitious City Council member is proposing a law that would make landlords responsible for keeping everyone cool. Jay explains why the plan is wholly unrealistic – and better designed for grabbing headlines.
Plus, housing has become a hot topic in the presidential election. We examine the White House’s rent control proposal and other housing policies we’d like to throw cold water on.
Stories cited in this episode:
The Times: New York City Bill Would Mandate Air-Conditioning for Tenants
Crain’s: State’s home AC program runs out of money as heat-related illnesses climb
Reason: Joe Biden Loves Rent Control, J.D. Vance Hates BlackRock
Bloomberg: Biden’s Rent Control Plan Will Make the Housing Crisis Worse
Reason: Coconut Trees, Price Controls, and Demand Subsidies
Jay Martin: Bronx buildings in fiscal free fall
The Real Deal: “Not even distressed” rent-stabilized property sells for peanuts
BisNow: Nearly 300 Banks Are Vulnerable Because Of Their CRE Loans, Study Finds
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