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NYC is not interested in fixing anything. Everything is greed. There’s a homeowner right now in Canarsie in a flood zone who put his house on the market for 1.2 million dollars.
NYC is not interested in fixing anything. Everything is greed. There’s a homeowner right now in Canarsie in a flood zone who put his house on the market for 1.2 million dollars.
This whole city has greed level of none other!
It is only *greed* if some fool pays that much for such properties.
quote:
What will happen to all those empty storefront
Probably many of them will go back to housing. Lots of people lived in apartments on the ground floors pre-gentification, no? There's old school mom and pop stores, and then there's chain stores, and there was such a huge glut of cornball frou-frou snobby retail stores that littered and ruined neighborhoods causing the rents to rise so hard. I have no problems with Molly from Madison, WI not being able to afford to a storefront where she can sell over overpriced twee garbage.
It is only *greed* if some fool pays that much for such properties.
I was honestly shocked that a honewowner and a real estate agent (I’m an agent myself) really thought a house in Canarsie could sell at a price close to a brownstone or Victoria lmao.
But yes now we have a commercial property crisis as well.
quote:
What will happen to all those empty storefront
Probably many of them will go back to housing. Lots of people lived in apartments on the ground floors pre-gentification, no? There's old school mom and pop stores, and then there's chain stores, and there was such a huge glut of cornball frou-frou snobby retail stores that littered and ruined neighborhoods causing the rents to rise so hard. I have no problems with Molly from Madison, WI not being able to afford to a storefront where she can sell over overpriced twee garbage.
Agreed. I would rep you but the system won't allow it.
This was such an awesome post. Yes, in a city where housing is in such short supply, if they cannot find new commercial tenants they can just convert to housing.
I think another problem is immigrants got priced out of these neighborhoods. If rents were cheap enough to allow immigrants (who are more likely to be interested in being small merchants) to come into these neighborhoods, they would open up shops that deal with products aimed at their communities. Big chains aren't interested in niche markets.
But yes, the influx of lots of people from the suburbs, who aren't going to start mom and pop stores, is a part of what killed off all these small businesses. Gentrifiers love chains.
Online shopping hasn't helped it much, and I won't claim to be innocent of this. People now love online shopping MORE than chain stores even. I come home from work and sometimes have to crawl over Amazon boxes in the lobby to get to my front door (exaggerating a bit, but not much lol)
quote:
What will happen to all those empty storefront
Probably many of them will go back to housing. Lots of people lived in apartments on the ground floors pre-gentification, no? There's old school mom and pop stores, and then there's chain stores, and there was such a huge glut of cornball frou-frou snobby retail stores that littered and ruined neighborhoods causing the rents to rise so hard. I have no problems with Molly from Madison, WI not being able to afford to a storefront where she can sell over overpriced twee garbage.
Much of the empty retail one has seen is zoned for commercial (ground floor) retail, and thus cannot be turned into residential easily if at all.
Granted you have a good amount of ground floor retail/commercial spaces along Madison, Lexington avenues and elsewhere that once were private homes/mansions, but those days are long gone. Usually the place was carved up into apartments for first through whatever floors, with retail on ground to bring in money. Suppose in theory such spaces *could* be turned back into residential, but it might not be so easy.
Housing/building codes have changed and not all commercial spaces today that once were residential or part of would meet modern requirements. Things like egress, windows, ventilation, etc... Not to mention installing up to code kitchens and bathrooms.
quote:
Suppose in theory such spaces *could* be turned back into residential, but it might not be so easy.
Of COURSE it won't be easy because humans are f'ing IDIOTS who prefer nothing more than to bicker back and forth with each other these days versus actually getting stuff done and SOLVING problems. Wtf is going on in schools these days where we STOPPED learning how to solve problems but instead have learned to create MORE? I personally find that the end of human civilization and I am totally fine with us as a species going extinct. We're more retarded than the dinosaurs.
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