
Renting didn't work out. We have a mortgage and we're suddenly back in Manhattan. Photo by Jessica Wagner, our broker.
I’m a totally-middle class guy, petite bourgeoisie all the way through. Fortunately I saw myself as a bohemian—thank God!—and that put me outside any given class. Being a bohemian satisfies a lot of desires: you can do lots of drugs, you can drink heavily, you don’t have to drive somewhere to work, or to work at all, and you don’t need to get married to have sex. The music you like is cool, the best, so are the books on your cinder-block bookshelf back in the loft.
Then you get old and you can’t do that anymore. You withdraw into yourself; you replay memories. You watch out for falls and lose your hearing, your vision, sex, and you leak piss. You’re out of balance. You know more, sure, but more than you wanted.
Bourgeoisie I was born but I still have some East Village grime under my fingernails: I hate landlords. We were paying $2700 a month and the guy was raising it to near $3000. Sorry, no negotiation possible.
This was the guy who gave us mold on the walls, leaks in the ceiling, and no gas for a good part of the year. He lent us a space heater. We finally moved out over fifty dollars.
Some of my best friends (at least till now) are landlords. They own where they live and they’re not trying to gouge anybody. It’s like owning your own taxi cab, a respectable business. I don’t like it, though, when a doctor and a couple lawyers invest in a taxi medallion. I mean, they’re not going to drive the cab. They’re going to collect the money.
Just like other investing professionals, landlords put together companies that buy things, big things that sometimes have lots of apartments in them. They make their living on a return from their cash, and this degree of abstraction (cash vs. the real world) forces tenants into situations that are antithetical to what human beings want to do with themselves. I don’t want to work sixty-hours a week to pay for my home. In my anthropology textbook I read the pygmies of the Ituri Forest work (or used to work) about sixteen hours a week; that sounds about right.
There are other ways. Let's discuss the way Berlin handles it. I like the Dutch, the Scandinavians. The rent can’t be raised until people have to move.