PUBLIC TESTIMONY
Testimony by Nicholas Oo on City of Yes Housing Opportunity
14:00:51
·
49 sec
Nicholas Oo, an immigrant living in Astoria, expressed strong support for the City of Yes Housing Opportunity initiative. He argued that building more housing is essential to slow rent growth and lower rents, citing examples from Minneapolis and Austin where increased housing supply led to rent decreases.
- Emphasized the need to build more housing to accommodate people from all walks of life and backgrounds
- Described the current housing situation as a "game of musical chairs" where only the highest bidders get housing
- Supported removing parking mandates, referencing a 10% rent decrease in Minneapolis after such a change
- Stressed the urgency of addressing the housing shortage, mentioning a deficit of 500,000 units and the proposal's potential to add 100,000 units
Nicholas Oo
14:00:51
Hi.
14:00:51
My name is Nicholas Sue.
14:00:53
I support the city of yes housing opportunity.
14:00:55
I live in Astoria.
14:00:56
I immigrated to New York more than a decade ago.
14:00:59
I'm a citizen voter.
14:01:01
It's simple.
14:01:01
We need to build more housing to slow rent growth and lower rents.
14:01:04
Minneapolis rents went down when they built more.
14:01:07
Austin rents went down than the passenger because they built more.
14:01:10
Minneapolis rents went down 10% because they got rid of parking mending.
14:01:14
If we want people of all walks of life, all backgrounds to
Daniel Arnow
14:01:16
be able to live here, we need
Nicholas Oo
14:01:18
to build more housing.
14:01:19
We're currently in a game of musical chairs.
14:01:21
There are enough chairs for everyone, and the highest bidders get the chairs.
14:01:24
We didn't have more chairs.
14:01:26
We just need to get out of the way and not try to slow things down.
14:01:29
We need to get things to go fast.
14:01:31
There's no time to slow down.
14:01:32
We're a half 1,000,000 unit shortage, and this will get us a 100,000, which is a good start.
14:01:38
And we just need to do more.
14:01:39
Thank you.
14:01:39
I set for this point.
