Nowhere did I say the retired are 5.6 million people. I used 54K people as the number of retired people at 2 people per each of the 27K rent controlled apartments. I also stated 5.6 to be the total number of all renters using 70% of 8.1 million total residents. Using 54K people again as an example mean that .96% of the populating is in rent controlled apartment. In reality that number is probably much lower because we are talking about an aging population.
I have provided actual numbers and data to demonstrate there is not a high subsidy. You have not provided any supporting evidence to the contrary.
This aside it is pretty disturbing that you keep insisting retired people are a "problem." They have as much right to live New York City as anyone else. They have paid into the system longer than anyone, they stuck it out through the tough times - the bad old days when New York City was a crime-ridden and financially insolvent city. They are not freeloaders by any measure.
Which says nothing about everyone, or every retired person, just these 27,000 apartments with vastly below market rents. On it's own this is not a big deal, but it really is a solid example of the problem with other forms of rent control.
The wider subsidy across ~1,030,000 apartments is a smaller subsidy, but also part of the same problem.
PS: Some of them could also afford to live in the same area without the subsidy. But, they also create jobs for people in the city further driving up demand for housing and thus rental prices.
I have provided actual numbers and data to demonstrate there is not a high subsidy. You have not provided any supporting evidence to the contrary.
This aside it is pretty disturbing that you keep insisting retired people are a "problem." They have as much right to live New York City as anyone else. They have paid into the system longer than anyone, they stuck it out through the tough times - the bad old days when New York City was a crime-ridden and financially insolvent city. They are not freeloaders by any measure.