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If You can believe it ......Linden Houses and Boulevard Housing Projects
are dead smack in the vicinity of major development in East New York.
Take a ride on the Belt Parkway and exit Erskine street, Gateway Mall.
Huge apartment complexes are popping up on very open and available land.
My recent ride to Virginia exposed me to some of the political efficiencies
when it comes to development. Where Amazon quarters are now being
erected new malls and one family homes also follow in close proximity
in anticipation of many jobs to come. Smart.
Brooklyn has the Gateway Mall, plenty of land, Huge apartment complexes
cropping up. Do the math. It is the next new neighborhood coming to town.
Housing projects need not apply.
Folks. Break open the piggy banks. I smell investments.......
You heard it here first.
East New York still has a lot of vacant land and has already seen new 2-family and 3-family home developments. ENY has decent subway connections. But ENY has had a consistently high crime rate over the last 50 years and I don't see anything in the future lowering that crime rate. That is the key to ENY's future. Investing there is not for the weak, let the buyer beware as we say.
According to the flyer from the Democrat rep who was running for office 'allocate more money for attorneys for immigrants.' And continue with their criminal justice reform.
According to the track record of the local politicians fund 'pet projects to the tune of millions while diverting 70% of the funds allocated.
Still be in the hole next year.
Giving these politicians money is like throwing water in a strainer.
Those 'reforms' are working out great. Robberies up 32.4% (+545) and burglaries up 20.7% (+323) over same the time period in 2019. So if you're one of those additional 545 people robbed, or one of the additional 323 people whose home/business was burglarized I guess it's just TFB because elected thug Carl Heastie says we have to be 'patient'.
According to the flyer from the Democrat rep who was running for office 'allocate more money for attorneys for immigrants.' And continue with their criminal justice reform.
According to the track record of the local politicians fund 'pet projects to the tune of millions while diverting 70% of the funds allocated.
Still be in the hole next year.
Giving these politicians money is like throwing water in a strainer.
I think first they will have to cover the fact that future tax collections will not be sufficient for their current budget, even without any new expenses. NY tax revenue (both city and state) was falling even without stock market crash. Didn't NY State tax revenue drop by 2 billion last year, in peak national economy? Where are they going to find ANY tax money if the market does not recover by the end of the year?
I think first they will have to cover the fact that future tax collections
will not be sufficient for their current budget, even without any new expenses. NY tax revenue
(both city and state) was falling even without stock market crash. Didn't NY State tax revenue
drop by 2 billion last year, in peak national economy?
Where are they going to find ANY tax money if the market does not recover by the
end of the year?
NYCHA apartments , projects, nurture and perpetuate a Government dependency culture. These are somewhat insular clusters of multi generational families, many of them need a lot of mental health interventions, medical help, and education. IMO, politically it’s another example of liberal do-gooders wronging society.
We read and heard about nasty conditions at NYCHA, including lead position. Private sector intervention can’t make things much worse, in fact it’ll be the opposite.
But with housing being so expensive, many people do not have a choice. Either NYCHA, or shelter, or under an overpass. There simply are not enough high paying jobs, or practically impossible for any NYCHA tenant to obtain a job that pays enough to survive in NYC.
How to tell the direction of a neighborhood? The arrival of private client banking at the local banks. To be invited to bank as a private client a customer has to maintain a minimum of $250k in their accounts. A bank won't offer private client service at a branch because 2 or 3 customers qualify for that service.
The Chase bank on Liberty Ave offers private client service .
I know a doctor couple who recently purchased there.
As recent as 2 years ago 2 family houses could be purchased for less than $600k in the neighborhood.
2002 to 2014 houses were being given away how cheap they were. Think 2 families for $200k.
People need to want better for themselves.
And I sure even more years ago, a 2 family was even cheaper than $600K as no one wanted to live there, or the wealthy be coming in. Anyone who wanted to better themselves and became better back then probably not buy on Liberty Ave.
Quote:
Originally Posted by NYC refugee
What is the city going to do with the $1.5 billion?
But with housing being so expensive, many people do not have a choice. Either NYCHA, or shelter, or under an overpass. There simply are not enough high paying jobs, or practically impossible for any NYCHA tenant to obtain a job that pays enough to survive in NYC.
No one has to live in NYC. There are still affordable areas in long island and Westchester.
Yonkers, mt Vernon and Hempstead are close enough commuting distance. The housing advocates are demanding billions to be allocated to NYCHA. At that price point level the entire thing and house them elsewhere.
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