Rent Control is a curse of the Administrative State. @RichardAEpstein @HooverInst.
Photo:English: Photograph of Radio Row, looking east along Cortlandt Street towards Greenwhich Street, by Berenice Abbott (1898-1991) from her "Changing New York" Works Progress Administration/ Federal Art Project.
Digital ID: 482561. Abbott, Berenice -- Photographer. April 08, 1936
Notes: Code: III.B.1. Men window shop in store selling radios, elevated railroad station, Ninth Avenue line, right center, subway entrance visible.
Source: Changing New York / Berenice Abbott.
Repository: The New York Public Library. Photography Collection, Miriam and Ira D. Wallach Division of Art, Prints and Photographs.
Berenice Abbott (1898–1991) Blue pencil.svg wikidata:Q231861 q:en:Berenice Abbott
(Reusing this file)
Public domain This image is a work of a Works Progress Administration employee, taken or made as part of that person's official duties. As a work of the U.S. federal government, the image is in the public domain (17 U.S.C. §§ 101 and 105).
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Camera location 40° 42′ 39.6″ N, 74° 00′ 46″ W Heading=135° Kartographer map based on OpenStreetMap. View this and other nearby images on: OpenStreetMap - Google Earth info
Public domain This work is in the public domain because it was published in the United States between 1924 and 1963 and although there may or may not have been a copyright notice, the copyright was not renewed. Unless its author has been dead for the required period, it is copyrighted in the countries or areas that do not apply the rule of the shorter term for US works, such as Canada (50 pma), Mainland China (50 pma, not Hong Kong or Macao), Germany (70 pma), Mexico (100 pma), Switzerland (70 pma), and other countries with individual treaties. See Commons:Hirtle chart for further explanation.
Rent Control is a curse of the Administrative State: 1 of 2: @RichardAEpstein @HooverInst.
The current housing crunch in New York, and in other cities like San Francisco, is attributable to a complex set of regulations. Under the modern administrative law system, private property rights are of little consequence when a developer is trying to build. What matters ultimately is that all of the relevant “stakeholders” have a right to participate in an endless negotiation process before anything gets accomplished. The de facto presumption is against changes in both new and existing housing markets. The building permit is the unit of political currency, and each requires enormous inside connections, patience, and luck to obtain. It can take developers many years to obtain their precious permits, if they get them at all…