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NY Gov. Patterson’s Rent-Stabilized Apartment in Harlem

May 16, 2008 By Adam Hengels

NY Sun: Paterson Pays A Stabilized Rate of Rent

The governor of New York pays about $1,250 a month for a two-bedroom, rent-stabilized apartment in central Harlem, even while owning a home upstate in Guilderland and having unfettered access to the 40-room Governor’s Mansion in Albany.

Governor Paterson and his wife, Michelle, made about $270,000 last year, according to their tax returns.

This is a classic example of hoarding. He should be ashamed of his Lenox Terrace apartment that someone would gladly pay market rate to rent, but seems to think it’s ok.
Can’t we at least deregulate apartments when the inhabitant can afford to live in a market-rate apartment? I hope the media pays attention to this, and properly scrutinizes the dark-side of rent regulation.

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Filed Under: corruption, rent control Tagged With: apartments, Governor Paterson, Harlem, hoarding, housing, new york, nyc, rent control, rent stabilization, rent-regulated

About Adam Hengels

Adam is passionate about urbanism, and founded this site in 2007, after realizing that classical liberals and urbanists actually share many objectives, despite being at odds in many spheres of the intellectual discussion. His mission is to improve the urban experience, and overcome obstacles that prevent aspiring city dwellers from living where they want. http://www.marketurbanism.com/adam-hengels/

Comments

  1. Kara says

    May 16, 2008 at 5:59 pm

    agreed. these laws should be abolished.

  2. Kara says

    May 16, 2008 at 5:59 pm

    agreed. these laws should be abolished.

  3. prevention_addiction says

    September 30, 2009 at 9:54 am

    That's the great article! I just pass 'n read it, two thumbs up! 😉

  4. Anonymous says

    October 23, 2009 at 7:27 am

    Apartments Barcelona – Interesting article to read! Why don’t you make sure, you have enough money to secure a good apartment in Barcelona?

  5. HouseMaster says

    October 25, 2009 at 10:21 pm

    Such things make me feel like a stupid person for electing some of these clowns that rule our country. I mean, ome of them don't even the least common sense to behave like political leaders which an entire country looks at and expects, but expects things that aren't going to happen.
    _________________________________________
    Investing in Property

  6. Manhattan Rental Expert says

    March 2, 2010 at 10:15 pm

    Point well made about NYC Apartments in Harlem ! There should definitely be better regulation over rent control.

  7. Manhattan Rental Expert says

    March 2, 2010 at 10:37 pm

    You make a very good point. It isn't fair for Governor Paterson to be taking advantage of the rent control of NYC.

    ___________________________________
    Manhattan Rental Expert

  8. dragos_ionut2004 says

    May 13, 2010 at 6:29 pm

    I have to agree that this is a bit annoying, given the fact that rent controlled apartments are so hard to find. But, luckily, I found something on the internet that helped me find New York NY apartments.

  9. telavivvacationapartment says

    March 8, 2011 at 12:26 pm

    just like that vacation apartment that i want to stay in,, a stabilized and peaceful one .. where you are sure that no one would harm you … http://www.telavivapartments.net

  10. online casino games says

    March 19, 2011 at 7:10 pm

    at least deregulate apartments when the inhabitant can afford to live in a market-rate apartment? I hope the media pays attention to this, and properly scrutinizes the dark-side of rent regulation.

  11. New York No Fee Apartment list says

    March 28, 2011 at 8:30 am

    Hi,

    Its great post guys about that NY Gov. Patterson’s Rent-Stabilized Apartment in Harlem, really nice work, I glad to come in your site.

    Thanks

  12. Luxury Real Estate says

    August 20, 2011 at 3:49 pm

    Good to know that this topic is being covered also in this web site.

  13. Cape Coral Properties says

    September 6, 2011 at 3:14 pm

    Just wanted to respond. I had a great time reading this, Outstanding post over again.

  14. Las Vegas Luxury Homes says

    September 7, 2011 at 3:25 pm

    Thanks a lot for posting. The information is really helpful with my research. I am working on a research about this guy.

  15. Cape Coral Rental Management says

    September 7, 2011 at 5:15 pm

    Kind of person like this always think me about. They are living unequally.

  16. Foreclosures says

    September 8, 2011 at 5:09 pm

    Abusing their position to do whatever they wants. What they are doing? People are always watching them to inspire not to disappoint.

Trackbacks

  1. Undead Ideas: Rent Control says:
    January 27, 2015 at 1:28 pm

    […] are better equipped to take advantage of the situation.  It should be noted that New York’s Governor Paterson, Congressman Charlie Rangel, and various other politically-connected people enjoy […]

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