The Fundamental Immorality of Rent Control

There are eight million stories in the naked city. This is a particularly infuriating one.

Via Matt Welch, here is a fascinating story about rent control and bankruptcy. There is much pulling of the heartstrings by New York Times reporter Mireya Navarro and it’s clear how Navarro and the newspaper come down. I’m going to ignore the emotional blackmail* and instead focus on the relevant facts:

Two years ago, [Mary Veronica Santiago] took refuge in bankruptcy, hoping to have her debts wiped away. … The issue, pending before the United States Court of Appeals for the Second Circuit, is whether a rent-stabilized lease can be treated as an asset in a personal bankruptcy, just like a car or a piece of land, and used to pay off creditors. …

Mrs. Santiago has lived for 50 years in a two-bedroom apartment near Tompkins Square Park, in a neighborhood where unregulated apartments rent for thousands more a month than Mrs. Santiago’s rent of $703. Her main income is a Social Security check and, under normal bankruptcy proceedings, her lawyers said, she would have avoided repaying the $23,000 she owes because she had no assets. …

But as her case was nearing conclusion, her landlord stepped in with an offer to buy her rent-stabilized lease and produce the funds to pay off her debt. …

Campbell Brown Hits Teachers Union Over Sexual Misconduct Cases

New York City teacher's union attacked for protecting teachers accused of sexual misconduct
Campbell Brown

Former CNN news anchor Campbell Brown started the Parents’ Transparency Project in June to push back against the New York City’s teachers union, which she claims is hiding a epidemic of sexual misconduct while protecting the perpetrators.

A Sticky Situation

NY Dem will resign from state assembly, continue running for city council
Vito Lopez / AP

New York Democratic Assemblyman Vito Lopez, who has been accused by multiple women of sexual harassment, wrote in a statement that he will resign his position at the end of the legislative term but continue his campaign for city council, the New York Times reports.

Lobbying for Action

OFA registers as lobbyist in NY despite anti-lobbyist positions
Jim Messina

Organizing for Action, which has pledged not to take money from lobbyists and says on their website that they will not engage in lobbying, has registered as a lobbying group in New York state, according to public records.