But are politicians ready to take an important step? Most likely, complex construction will require federal support. Therefore, the readiness of the new president to make a decision on the construction of affordable public rental housing is of fundamental importance. Here's what political consultants said when asked:
What is the likelihood that the new president will use the construction of affordable public rental housing to gain voter loyalty?
"Affordable housing is critically important to millions of Americans, and more pointedly, millions of voters. President Biden has already declared that our country needs to 'build, build, build'. I would expect him to continue to call for increased new housing starts over the coming months while campaigning on the economic progress our nation continues to make under his administration," said Democratic media and general consultant, Bud Jackson.
"It's more likely that a candidate will promise public-funded of housing to gain support from developers and activist groups," said The founder and president of TABcommunications inc., Tab Berg.
But Co-Founder, Managing Partner, i5 Enterprises llc, Mike Iverson thinks that the new president will not pay much attention to affordable housing.
"No, I absolutely do not think a new President would leverage the construction of affordable public rental housing for the poor, in NYC or the State of NY as a whole, to gain voter loyalty. The new president will instead be laser focused on the Economy (Getting inflation under control) the Border (Immigration Issue), Crime and Foreign Relations," said Mike Iverson.
However, excluding the president's interest in building affordable housing, Mr. Iverson described how Democrats and Republicans would do it if they were interested.
"Democratic leaders would likely look to federally subsidized (public sector taxpayer funds) to build new housing or commandeer and refurbish existing housing, whereas Republican leaders would more likely leave the building and/or commandeering and refurbishing of new or existing housing to private sector businesses," he said.
Mike Iverson also noted that the poor are unlikely to receive affordable housing even if it were built in New York. After all, there are people in the city who are in greater need of housing. These are immigrants and homeless people.
"New York is a predominantly Democrat run State and Manhattan is a predominantly Democrat run city, so you would think its likely the Governor of the state or the Mayor of NYC would construct government built housing to help the poor, but unfortunately for the poor in NY and NYC, they will likely take a backseat to the more pressing housing issues facing New York's Governor and Manhattans Mayor, created by massive homelessness and illegal immigrant influx that are currently stressing state and local housing more than the poor's need to have lower housing prices, does this make sense?" said Co-Founder, Managing Partner,i5 Enterprises llc, Mike Iverson.
These words suddenly reveal another reason for the poor state of the city's rental market. Poor New Yorkers who are not immigrants or homeless are not the driving force behind improving the rental market. Poor New Yorkers who work and pay taxes do not force the government to act. Although these people, having the right to participate in elections, can really change the situation.
"The poor is getting the short end of the stick because they do their jobs, do things right, and aren't loud about things, but in these unfortunate times, this doesn't get things done," said Mike Iverson.
He believes poor New Yorkers need to take action in this election to improve the rental market.
"The poor should be first in line for housing help, not third in line behind homeless and illegal immigrants who are here and NOT working," said Mr. Iverson.
He tell: "Unfortunately, too many politicians are only swayed when their existence is challenged, meaning votes, and the power of the organized group, which will represent a significant voting block says 'pay attention or we will vote you out of office'. So these groups need to identify their city representative and become a loud and proud menace to this persons life, from their office, their home, their church, their supermarket, anywhere the need to get this persons attention."
All this leads to the idea that people's opinions only matter when words are turned into action. In America the squeaky wheel gets the grease, meaning they have to pay attention to you if you are loud and organized enough. But will the presidential election mark the beginning of an improvement in the Bronx real estate market? We'll find out in November!
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