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It is easy to gentrifiy and build outside of housing projects due to property being less cheaper.
Not really.
Places full of NYCHA properties will never get the same prices as neighborhoods that have few to no NYCHA's. Harlem and the Bronx may both get more expensive for poor working people, but all that does is replace them with more working people who are only moving into these places because they cannot afford a nice place downtown.
Rental and purchasing prices for Harlem and the Bronx are way below those of the core locations in Manhattan and will remain so.
Places full of NYCHA properties will never get the same prices as neighborhoods that have few to no NYCHA's. Harlem and the Bronx may both get more expensive for poor working people, but all that does is replace them with more working people who are only moving into these places because they cannot afford a nice place downtown.
Rental and purchasing prices for Harlem and the Bronx are way below those of the core locations in Manhattan and will remain so.
I've seen rooms (just rooms) for rent well over 2k in Midtown. A studios in a choice part of Manhattan may go for 3k. Not happening uptown or the Bronx.
No one is paying that much for a place in Harlem. Rentals and prices in Harlem are comparatively cheap compared to Midtown, Downtown, and hot neigbhorhoods in between like the West Village.
That doesn't mean that low wage people and senior citizens on social security haven't gotten priced out of Harlem or the South Bronx (they have UNLESS they are in government housing or on some rental program like Section 8).
I've seen rooms (just rooms) for rent well over 2k in Midtown. A studios in a choice part of Manhattan may go for 3k. Not happening uptown or the Bronx.
No one is paying that much for a place in Harlem. Rentals and prices in Harlem are comparatively cheap compared to Midtown, Downtown, and hot neigbhorhoods in between like the West Village.
That doesn't mean that low wage people and senior citizens on social security haven't gotten priced out of Harlem or the South Bronx (they have UNLESS they are in government housing or on some rental program like Section 8).
Not really. Rents will continue to go up in the inner hood of uptown that straddles Manhattan.
Not really. Rents will continue to go up in the inner hood of uptown that straddles Manhattan.
Rents will not go up to what they are in the West Village or Chelsea. No one is paying 5 or 6k to live up in Harlem. Too far from everything and too much welfare housing.
the city has had issues with Harlem real estate for over 100 years s. They have yet to fully gentrify it because it is a bit too far from the Manhattan people want to see. That is why it got all the shelters, NYCHAs, etc. Rhey ain't going anywhere unless the city buys them out. This would take a fantastic amount of money, involve many lawsuits, and take years. Meanwhile there is no danger that Harlem will become a mostly white wealthy white neighborhood like the West Village.
The rents will go up there as long as the rents in the more expensive areas go up as well.
Or more. The difference is the kind of housing stock.
A drawback about many areas downtown - tiny places. Not the case in many uptown neighborhoods, where you get more for your money - at the moment. Rents are definitely moving up, and rather quickly.
No really. Harlem has brownstones and is still very close to prime Manhattan, which distorts the picture. The Bronx has an overwhelming amount of NYCHA and most people know that's a recipe for issues if there is a soft-on-crime administration in City Hall (like now). Brooklyn, believe it or not, isn't super-scarred with traditional projects outside of Brownsville, ENY and Coney Island.
No really. Harlem has brownstones and is still very close to prime Manhattan, which distorts the picture. The Bronx has an overwhelming amount of NYCHA and most people know that's a recipe for issues if there is a soft-on-crime administration in City Hall (like now). Brooklyn, believe it or not, isn't super-scarred with traditional projects outside of Brownsville, ENY and Coney Island.
The CVS near me was robbed twice this year. One crackhead climbed on top of the shelves and pulled his clothes off.
Oh but there are a lot of projects and welfare housing nearby. While privately owned buildings can be sold and the tenants bought out, the government housing will be here for a long time. East Harlem is ghetto and West Harlem isn't better.
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