Fancy being a developer? Take a crack at a virtual rental

“Inside the Rent” looks to educate New Yorkers about the challenges of putting up a new building

TRD New York /
Jun.June 05, 2015 01:33 PM

New Yorkers with a penchant for real estate and a nostalgia for SimCity can get excited about a new game.

The Citizens Housing & Planning Council launched Inside the Rent, a game that hopes to educate its players about the challenges and pitfalls of developing an apartment building in the city. The game aims to teach its users the pitfalls of developing a rental building and is aimed toward politicians.

You start by selecting a neighborhood. Players can choose among 14 different neighborhoods, including the hip Bed-Stuy to the up-and-coming Long Island City and the less-developed Morrisania, according to Curbed.

The game won’t be easy. If, after picking amenities, rents and whether or not you will pay union-level wages to workers, the cost exceed the rent roll, players are asked to choose to raise rents or apply for government subsidies.

While the game is a simplified version of real life, it’s “within the realm of possibility,” according to Sarah Watson and Daniel Parcerisas from the Citizens Housing & Planning Council, Curbed reported.

“Educating people is the most value you can add to public housing policy,” Watson said. [Curbed] — Claire Moses

Related Articles

TF Cornerstone president Frederick Elghanayan and 595 Dean Street (Credit: CityRealty, Google Maps)

TF Cornerstone’s Prospect Heights two-tower project unveiled

Ben Carson on Opportunity Zones, unity and red and black ants: TRD Miami Showcase & Forum

Home foreclosures dropped nearly 20% in Q3, report shows

California passes landmark rent control law

Lennar reports 13% uptick in Q3 profit amid sluggish housing market

Miami will see a big dip in home prices during the next recession, according to reports (Credit: iStock)

Miami among most at-risk cities for falling home prices during next recession: report

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Low mortgage rates boost homebuilding stocks despite recession anxiety