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Old 12-16-2014, 09:49 AM
 
23,276 posts, read 16,124,122 times
Reputation: 8555

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Quote:
Originally Posted by Kefir King View Post
The City has the option of making ALL it's NYCHA apartment market rate TOMORROW...but they will not do so. Giving perks developers to will not change that one iota.

The current mayor indicated his desire to make all new affordable deals to last for 60 years minimum...so NYCHA isn't going market rate any time in the lifetimes of any of us posters, no matter how convoluted the "deals."

People of New York City are getting poorer, not richer.

In 20 years we will need far more "affordable" units than we have today, not fewer.
The current mayor may not even get reelected, dude. If he gets reelected he can have only one term.

As for the people of NYC getting poorer, big deal. The city is not going to support them with increased cuts from the Republican Congress. More NYCHA units will be sold and the city will simply move out poor people. The Black population has gone down in NYC, and the Hispanic population is flat as these people are simply priced out of the city. This pains leftists because they are losing their base, but it is reality.

And why do leftists think endless welfare is the answer to poverty? You want people to move out of poverty? Then they need to get a job that pays well enough!
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Old 12-16-2014, 11:20 AM
 
1,978 posts, read 1,242,202 times
Reputation: 1182
Quote:
Originally Posted by Kefir King View Post
The City has the option of making ALL it's NYCHA apartment market rate TOMORROW...but they will not do so. Giving perks developers to will not change that one iota.

The current mayor indicated his desire to make all new affordable deals to last for 60 years minimum...so NYCHA isn't going market rate any time in the lifetimes of any of us posters, no matter how convoluted the "deals."

People of New York City are getting poorer, not richer.

In 20 years we will need far more "affordable" units than we have today, not fewer.
Developers don't have the intent on building true affordable housing in which middle to poor class can own. They have been building luxury apartment in which they hope to sell for the most money possible. The scheme of making a percentage of the luxury apartment affordable leasing (which is what it should be called) for people to rent is a temporary solution in keeping the middle and poor class happy (and politicians re-elected) as the city becomes the place Mayor Bloomberg envisioned, which is a place for the wealthy and tourist. Once all the affordable housing contract expire middle to poor class people will still need to be looking for a places to live only it going to be further away in areas like long island and Westchester county. The only debate right now is how long can the mayor prolong it from becoming a reality (10-30 years horizon). Given we are in a real estate boom in NYC right now, it will be difficult to think anyone will be able to prolong it for a long duration.
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Old 12-20-2014, 08:32 AM
 
Location: Manhattan
20,185 posts, read 26,506,670 times
Reputation: 9059
Quote:

Given we are in a real estate boom in NYC right now, it will be difficult to
think anyone will be able to prolong it for a long duration.
Never ignore the next crash always lurking around the next corner.
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