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maybe it's because a lot of the working people who got priced
out of other boroughs decided to move to the bronx.
2010 Census Bronx gained a huge share, but the past couple of years Bronx population has not grown by much, most of it thanks to out of wedlock births. Actually Bronx lost residents.
Hilltop: I understand why there are rent regulations, and if you understand history you should know why also. The flaw with the system is the lifetime renewals, which ultimately creates all of the problems. A more reasonable system would be renewals for a certain period, 5/10/20 years..whatever....and then the LL has the option not to renew for any reason. What reasonable person could possibly be against that?
I agree. 5 or 10 year lease renewal max sounds like a very reasonable compromise. This "forever" lease thing has got to go.
I agree. 5 or 10 year lease renewal max sounds like a very reasonable compromise. This "forever" lease thing has got to go.
Unfortunately in the current political climate (it's been the way for years) the lifeterm renewals are not going anywhere. It's why landlords do co op or condo conversions and simply buy out rent regulated tenants in the better parts of NYC (also if a landlord does his homework he can kick out those tenants who illegally sublease but live elsewhere). I agree with you that's it's going to be hard to clean up a neighborhood when landlords have difficulty getting rid of scum, but as those laws were created for a reason, I would not hold my breath in waiting for them to change.
Giuliani and Bloomberg both tried to do much more in getting rid of rent regulation, but they were blocked by Albany. The current City Hall would never reform rent regulations.
Not much to some of you but to others it can be a huge difference as is being reported. Different people have different circumstances.
Quote:
Originally Posted by NooYowkur81
If it's someone with a fixed income like a senior or someone who doesn't make a whole lot and has not had a significant raise they are going to feel it.
I guess I didn't make my point clearly enough. When I said 10% doesn't sound like much over 5 years, I meant compared to the percentages rents are going up elsewhere in the city. And in other large cities like Boston and DC as well.
In those two neighborhoods, average income climbed nearly 15% between 2005 and 2010, buoyed by a tide of people fleeing across the Harlem River from gentrifying areas in upper Manhattan in search of more affordable apartments in the South Bronx, according to a recent report from the Manhattan-based Institute for Children, Poverty, and Homelessness. That wave was enough to drive rents upward by 10% in the same period, to a blended average of $954 for all sizes of apartments.
I wonder if the writer of the article is factoring in inflation when saying that rents have gone up 10% between 2005 and 2010. Because if you put $1000 in an inflation calculator set to 2005 and set it to output dollars, accounting for inflation, in 2010, you get $1,116.52 (or slightly over a 10% increase).
I wonder if the writer of the article is factoring in inflation when saying that rents have gone up 10% between 2005 and 2010. Because if you put $1000 in an inflation calculator set to 2005 and set it to output dollars, accounting for inflation, in 2010, you get $1,116.52 (or slightly over a 10% increase).
Good point! By default due to inflation, rents should increase by a minimum of 2% a year compounded in order to keep up with inflation.
Lucia Davis grew up in the Grand Concourse section of the Bronx and has lived there happily for nearly 35 years. But as she walked through Franz Sigel Park with her 4-year-old daughter on a recent afternoon, she confessed that her own children may have to grow up elsewhere. Because of rising rents, she and her husband are considering exiting the city.
"You'd think you could afford to live in the Bronx," she said. "But the prices are going up, and a lot of people are moving out."
Welcome to the Highbridge and Grand Concourse neighborhoods in the South Bronx, where income growth in recent years has been among the highest in the city, but in the process has begun to push up some of the city's lowest average rents. As a result, something else has risen as well: homelessness.
In those two neighborhoods, average income climbed nearly 15% between 2005 and 2010, buoyed by a tide of people fleeing across the Harlem River from gentrifying areas in upper Manhattan in search of more affordable apartments in the South Bronx, according to a recent report from the Manhattan-based Institute for Children, Poverty, and Homelessness. That wave was enough to drive rents upward by 10% in the same period, to a blended average of $954 for all sizes of apartments. Shelter stays
"After [the low rents in the Bronx], there is nowhere to go," Mr. da Costa Nunez said.
But the greater mix of incomes does have its upside. Cedric Loftin, district manager of nearby Bronx Community Board 1, which includes Port Morris' Bruckner Boulevard, said the new, higher—income residents have integrated themselves into the community and made it a more diverse and dynamic place.
The good news there is that in contrast to many gentrifying neighborhoods in other boroughs, there are a number of affordable projects in the works. Among those is a 106-unit development at 12 East Clarke Place that is nearing completion. Meanwhile, the city is negotiating the financing on a 134-unit affordable building at 810 River Ave.
Ironically, however, some Highbridge residents being pushed out make too little to pay rent in these affordable projects, and many programs that are designed to help this population are already overburdened. For example, the New York City Housing Authority has a waiting list of 160,000 people.
"There is something wrong with a scenario where you earn too little to qualify for affordable housing," said Nancy Biberman, founder and president of housing nonprofit WHEDco.
Highbridge is not the Grand Concourse. I would love to see where the reporter of this fluff piece is actually from. Has the GC gotten better down there? Yes. Also there are some nice buildings along Walton Ave. One of my favorites down there is 654 Walton. Art deco building at 153rd and Walton. Highbridge, is up the hill going towards the "HighBridge". Some streets in HB are Nelson,Anderson, Woodycrest,Shakesphere, Summit, and Ogden Ave. Also in general with the area on the GC. It's the buildings that have gone coop that are doing well. BTW, I agree with BXguy. Highbridge has seen a huge uptick in Dominicans spilling over from the Heights. The 181th St bridge connects the areas. Also a sizable African community is growing there. Specifically along Jessup ave.
Highbridge is not the Grand Concourse. I would love to see where the reporter of this fluff piece is actually from. Has the GC gotten better down there? Yes. Also there are some nice buildings along Walton Ave. One of my favorites down there is 654 Walton. Art deco building at 153rd and Walton. Highbridge, is up the hill going towards the "HighBridge". Some streets in HB are Nelson,Anderson, Woodycrest,Shakesphere, Summit, and Ogden Ave. Also in general with the area on the GC. It's the buildings that have gone coop that are doing well. BTW, I agree with BXguy. Highbridge has seen a huge uptick in Dominicans spilling over from the Heights. The 181th St bridge connects the areas. Also a sizable African community is growing there. Specifically along Jessup ave.
I don't see where the confusion was...the article seemed to distinguish each neighborhood individually.
"Welcome to the Highbridge and Grand Concourse neighborhoods in the South Bronx, where income growth in recent years has been among the highest in the city, but in the process has begun to push up some of the city's lowest average rents."
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