A Nightmare on Irving Avenue

According to New York assemblymember Linda B. Rosenthal, the state is suffering. It’s the worst housing crisis since the Great Depression and there are over 90,000 men, women and children at the mercy of the elements. Meanwhile, tens of thousands of units all over New York City are sitting empty, held off the market by property owners waiting for circumstances to favor the accumulation of the absolute maximum in profits. Among housing watchdogs, this practice is known as “warehousing.” A coalition of its critics, including Rosenthal and a handful of other politicians and affordable housing advocacy groups, operate under the opinion that...[click here to read full article]