{"id":841,"date":"2025-08-17T23:44:50","date_gmt":"2025-08-17T23:44:50","guid":{"rendered":"https:\/\/multi.nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/"},"modified":"2025-08-17T23:44:50","modified_gmt":"2025-08-17T23:44:50","slug":"decoding-the-nyc-housing-crisis-whats-making-it-worse","status":"publish","type":"post","link":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/","title":{"rendered":"Decoding the NYC Housing Crisis: What’s Making it Worse?"},"content":{"rendered":"

A striking OpEd at NYCNewswire.com<\/a> lays the truth bare about New York\u2019s ongoing housing turmoil: supply isn\u2019t the pressing issue, but affordability is. More alarmingly, powerful developers, the hotel industry, and enabling politicians have created a smokescreen that unfairly singles out small property owners while the real sources evade scrutiny.<\/p>\n

The Blame Game: Shifting Attention
\nAcross neighborhoods from Gowanus to the South Bronx, shiny luxury residences dot the skyline and thousands of new units are launched\u2014but mostly at prices unattainable for everyday citizens. Generous incentives still flow to developers, who cater to lucrative markets, not the working class. Simultaneously, hotel executives and lobbyists campaign for restrictions on short-term rentals to safeguard their bottom lines, not expand the housing pool.<\/p>\n

Rather than focusing blame on firms offering ultra-expensive studios, the narrative instead targets the owners of modest two- and three-family homes who rely on rental income. According to the OpEd, this is a deliberate tactic by influential groups to divide homeowners and renters.<\/p>\n

The Gap Between New Construction and Affordability
\nConstruction surges through neighborhoods like Hudson Yards, East New York, and Long Island City; yet, most of the new units are priced beyond the budgets of working families. Only minimal affordable housing is made available through city-run lottery systems.<\/p>\n

Young renters are often left little choice but sharing apartments or seeking co-signers. These patterns increase not just costs, but barriers to obtaining decent housing, squeezing out loyal New Yorkers and ramping up citywide competition.<\/p>\n

Unintended Consequences of Policy
\nThe OpEd criticizes some progressive measures for missing their marks\u2014such as capping broker fees. Rather than benefiting renters, these caps became rent hikes and pushed inventory down. As per StreetEasy<\/a>, fees of $13,000 simply turned into monthly premiums. Soon after, The Wall Street Journal<\/a> reported rents jumping by as much as 15% with available units dropping by 30%.<\/p>\n

Treating small and large landlords as equals in regulation only discourages hard-working, locally-invested property owners and hurts housing stability in communities.<\/p>\n

Developers’ Upper Hand
\nDevelopers arrive at negotiations with expert legal and marketing backup, while city officials often lack the resources to push for real public benefits. The article argues that blaming owners of modest homes for “hoarding” is absurd considering high-rises bursting with vacant luxury apartments.<\/p>\n

Misleading ‘More Housing’ Rhetoric
\nThe phrase \u201cWe need more housing\u201d\u2014frequently repeated by special interests\u2014ultimately rings hollow in neighborhoods overrun with construction for high-income earners. The key question remains: \u201cHousing for whom?\u201d<\/p>\n

True Path Forward: Unity for Affordable Solutions
\nThe OpEd insists it\u2019s time for unity between renters and owners. Scapegoating benefits only the wealthy and distracts from real solutions. Lasting change needs clear, actionable policies, honest leadership ready to challenge the powerful, and civic participation. Only an informed, united community can break free from the status quo to demand more equitable development and real affordability.<\/p>\n","protected":false},"excerpt":{"rendered":"

A striking OpEd at NYCNewswire.com lays the truth bare about New York\u2019s ongoing housing turmoil: supply isn\u2019t the pressing issue, but affordability is. More alarmingly, powerful developers, the hotel industry, and enabling politicians have created a smokescreen that unfairly singles out small property owners while the real sources evade scrutiny. The Blame Game: Shifting Attention […]<\/p>\n","protected":false},"author":5777,"featured_media":842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[25,13],"tags":[],"class_list":["post-841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oped","category-real-estate"],"yoast_head":"\nDecoding the NYC Housing Crisis: What's Making it Worse? - NYC Business Daily<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Decoding the NYC Housing Crisis: What's Making it Worse?\" \/>\n<meta property=\"og:description\" content=\"A striking OpEd at NYCNewswire.com lays the truth bare about New York\u2019s ongoing housing turmoil: supply isn\u2019t the pressing issue, but affordability is. More alarmingly, powerful developers, the hotel industry, and enabling politicians have created a smokescreen that unfairly singles out small property owners while the real sources evade scrutiny. The Blame Game: Shifting Attention […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/\" \/>\n<meta property=\"og:site_name\" content=\"NYC Business Daily\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/NYCBusinessDaily\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-17T23:44:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-content\/uploads\/sites\/7\/2025\/08\/Gowanus-Development-\u00a9-Barrett-Doherty-copy.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"875\" \/>\n\t<meta property=\"og:image:height\" content=\"583\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Val Ramirez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"JIG Media Editorial Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/\",\"url\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/\",\"name\":\"Decoding the NYC Housing Crisis: What's Making it Worse? - NYC Business Daily\",\"isPartOf\":{\"@id\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-content\/uploads\/sites\/7\/2025\/08\/Gowanus-Development-\u00a9-Barrett-Doherty-copy.jpeg\",\"datePublished\":\"2025-08-17T23:44:50+00:00\",\"author\":{\"@id\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/#\/schema\/person\/301d689140765dbb981e04d6fde3e754\"},\"breadcrumb\":{\"@id\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/#primaryimage\",\"url\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-content\/uploads\/sites\/7\/2025\/08\/Gowanus-Development-\u00a9-Barrett-Doherty-copy.jpeg\",\"contentUrl\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-content\/uploads\/sites\/7\/2025\/08\/Gowanus-Development-\u00a9-Barrett-Doherty-copy.jpeg\",\"width\":875,\"height\":583},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Decoding the NYC Housing Crisis: What’s Making it Worse?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/#website\",\"url\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/\",\"name\":\"NYC Business Daily\",\"description\":\"NYC Business Daily\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/#\/schema\/person\/301d689140765dbb981e04d6fde3e754\",\"name\":\"Val Ramirez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4a58fb9473bf0e997dee718eca0759f3e1c56c21c5cbf898771dcd47a0fd7659?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4a58fb9473bf0e997dee718eca0759f3e1c56c21c5cbf898771dcd47a0fd7659?s=96&d=mm&r=g\",\"caption\":\"Val Ramirez\"},\"url\":\"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/author\/adminnycbusinessdaily\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Decoding the NYC Housing Crisis: What's Making it Worse? - NYC Business Daily","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/","og_locale":"en_US","og_type":"article","og_title":"Decoding the NYC Housing Crisis: What's Making it Worse?","og_description":"A striking OpEd at NYCNewswire.com lays the truth bare about New York\u2019s ongoing housing turmoil: supply isn\u2019t the pressing issue, but affordability is. More alarmingly, powerful developers, the hotel industry, and enabling politicians have created a smokescreen that unfairly singles out small property owners while the real sources evade scrutiny. The Blame Game: Shifting Attention […]","og_url":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/","og_site_name":"NYC Business Daily","article_publisher":"https:\/\/www.facebook.com\/NYCBusinessDaily","article_published_time":"2025-08-17T23:44:50+00:00","og_image":[{"width":875,"height":583,"url":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-content\/uploads\/sites\/7\/2025\/08\/Gowanus-Development-\u00a9-Barrett-Doherty-copy.jpeg","type":"image\/jpeg"}],"author":"Val Ramirez","twitter_card":"summary_large_image","twitter_misc":{"Written by":"JIG Media Editorial Staff","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/","url":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/","name":"Decoding the NYC Housing Crisis: What's Making it Worse? - NYC Business Daily","isPartOf":{"@id":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/#primaryimage"},"image":{"@id":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/#primaryimage"},"thumbnailUrl":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-content\/uploads\/sites\/7\/2025\/08\/Gowanus-Development-\u00a9-Barrett-Doherty-copy.jpeg","datePublished":"2025-08-17T23:44:50+00:00","author":{"@id":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/#\/schema\/person\/301d689140765dbb981e04d6fde3e754"},"breadcrumb":{"@id":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/#primaryimage","url":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-content\/uploads\/sites\/7\/2025\/08\/Gowanus-Development-\u00a9-Barrett-Doherty-copy.jpeg","contentUrl":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-content\/uploads\/sites\/7\/2025\/08\/Gowanus-Development-\u00a9-Barrett-Doherty-copy.jpeg","width":875,"height":583},{"@type":"BreadcrumbList","@id":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/decoding-the-nyc-housing-crisis-whats-making-it-worse\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/"},{"@type":"ListItem","position":2,"name":"Decoding the NYC Housing Crisis: What’s Making it Worse?"}]},{"@type":"WebSite","@id":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/#website","url":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/","name":"NYC Business Daily","description":"NYC Business Daily","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/#\/schema\/person\/301d689140765dbb981e04d6fde3e754","name":"Val Ramirez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4a58fb9473bf0e997dee718eca0759f3e1c56c21c5cbf898771dcd47a0fd7659?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4a58fb9473bf0e997dee718eca0759f3e1c56c21c5cbf898771dcd47a0fd7659?s=96&d=mm&r=g","caption":"Val Ramirez"},"url":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/author\/adminnycbusinessdaily\/"}]}},"acf":[],"_links":{"self":[{"href":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-json\/wp\/v2\/posts\/841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-json\/wp\/v2\/users\/5777"}],"replies":[{"embeddable":true,"href":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-json\/wp\/v2\/comments?post=841"}],"version-history":[{"count":0,"href":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-json\/wp\/v2\/posts\/841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-json\/wp\/v2\/media\/842"}],"wp:attachment":[{"href":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-json\/wp\/v2\/media?parent=841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-json\/wp\/v2\/categories?post=841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nycnewsnetwork.com\/nycbusinessdaily\/wp-json\/wp\/v2\/tags?post=841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}