All of those rent-control incentivized arsons... empty lots with garbage everywhere... dogs running around with no owners visible.
Edit: correction, while rent-control played a big role in Brooklyn's housing abandonment rate, South Bronx faced a variety of factors in addition to rent control:
> For example, housing abandonment in the South Bronx, probably the most devastated area in the entire city, can be plausibly related to the economics of an obsolete housing stock. The area was one of the most densely populated in the country in the 1940s and 1950s, and the housing stock consists almost entirely of five- and six-story walkups. As population density decreased, fifth- and sixth-story walkup apartments became unrentable at prices sufficient for sound building maintenance, irrespective of rent controls. Arson eventually became the owners' only financially rewarding alternative.
http://80s.nyc/#show/40.8265/-73.9080
http://80s.nyc/#show/40.8107/-73.9180
http://80s.nyc/#show/40.8188/-73.9217
http://80s.nyc/#show/40.8229/-73.9167
http://80s.nyc/#show/40.8102/-73.9194
http://80s.nyc/#show/40.8152/-73.9165
All of those rent-control incentivized arsons... empty lots with garbage everywhere... dogs running around with no owners visible.
Edit: correction, while rent-control played a big role in Brooklyn's housing abandonment rate, South Bronx faced a variety of factors in addition to rent control:
> For example, housing abandonment in the South Bronx, probably the most devastated area in the entire city, can be plausibly related to the economics of an obsolete housing stock. The area was one of the most densely populated in the country in the 1940s and 1950s, and the housing stock consists almost entirely of five- and six-story walkups. As population density decreased, fifth- and sixth-story walkup apartments became unrentable at prices sufficient for sound building maintenance, irrespective of rent controls. Arson eventually became the owners' only financially rewarding alternative.
http://www.crainsnewyork.com/article/20100610/BLOGS01/306109...