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Construction will start soon and entire project complete by 2021
“Brookfield officially owns more than 4 acres along the Bronx's Harlem River waterfront and is ready to move on the borough's biggest development in years”
“The landmark project was spearheaded by Somerset Partners and Chetrit Group, which had long planned to use it to turn Mott Haven into the Bronx's version of Long Island City: turning the waterfront into a place where renters are willing to pay high rents for luxury buildings and amenities with seamless Manhattan access, without the Manhattan price tag.”
Eventually the world is going to run out of wealthy people to buy all these luxury places? I mean, with gentrification occurring at never-ending time frames, will the pendulum ever start moving in the other direction?
Something has got to give. Is there any historical data to compare for an analysis with what we have with gentrification today?
Unfortunately when we have greater income inequality, it causes wealthy people to become meaner and greedier. Income inequality makes the world less friendly, that's for sure.
With so many more poor people compared to the population of wealthy, what is stopping the poor people from getting together in a massive, global -- uprising?
Eventually the world is going to run out of wealthy people to buy all these luxury places? I mean, with gentrification occurring at never-ending time frames, will the pendulum ever start moving in the other direction?
Something has got to give. Is there any historical data to compare for an analysis with what we have with gentrification today?
Unfortunately when we have greater income inequality, it causes wealthy people to become meaner and greedier. Income inequality makes the world less friendly, that's for sure.
With so many more poor people compared to the population of wealthy, what is stopping the poor people from getting together in a massive, global -- uprising?
LMaOOO
check this guy out
Are they gonna run out of wealthy people
As long as they can make ink they will print money
Its not backed by anything anymore
__________________
"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
Eventually the world is going to run out of wealthy people to buy all these luxury places? I mean, with gentrification occurring at never-ending time frames, will the pendulum ever start moving in the other direction?
Something has got to give. Is there any historical data to compare for an analysis with what we have with gentrification today?
Unfortunately when we have greater income inequality, it causes wealthy people to become meaner and greedier. Income inequality makes the world less friendly, that's for sure.
With so many more poor people compared to the population of wealthy, what is stopping the poor people from getting together in a massive, global -- uprising?
Please. We did communism and that spoke for itself. All those wealthy people and evil luxury high rises are what's paying for NYCHA, schools, welfare and a host of other programs that lower-income NYers rely on. Tell me if the poor in Baltimore or Detroit are better off for living in a city devoid of wealth or economic development.
Income inequality is the price one pays for living in a economically and socially dynamic environment.
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