Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Market Rate in East New York? (LOL!) A risky venture at best but the developer will come out ahead no matter what. If not enough market rate renters sign up, there's always voucher/Section-8/homeless tenants to fill the place up.
Why are only non white/non Asian considered "working people"? When Asians are forced to buy homes and condos for nearly $1MM over the city (which usually also house their elderly parents), no one seems to care?
'Forced'? No one is forced to buy anything. A lot of Asian families are paying that much for new 2-family homes on Staten Island by choice. Because like most hard-working middle-class people they like living in safe quiet neighborhoods.
A representative for the property owners presented the new plan for two high-rise buildings with a majority of units to be rented at market-rate, the kind of development residents had fought to keep out
That proposed project would feature 2,195 apartments, including 1,636 without price limits and 559 reserved for low- and middle-income renters under the city’s Mandatory Inclusionary Housing program.
“It will be like Williamsburg. You go into the neighborhood and it’s totally different,” said Olimpo Barco, a Vietnam War veteran and former postal worker who first moved to Arlington Village in 1981. “It’s going to be professional people who can afford it…. We’re the working people. They have to do more for us.”
Jessica Franco, a steering member with the Coalition for Community Advancement, a local group opposed to rezoning Arlington Village, fears that the new development will fuel more market-rate building in the area, bringing in a flood of wealthier, white residents whose tastes and buying power will make her neighborhood “look like Downtown Brooklyn.”
Sounds like people are against this because the development will bring in people who don't look like them. That's unacceptable as a reason to block new development. The developer is promising over 500 units to low-working income families that wouldn't ordinarily have one. ENY can't remain 100% low income and expect to break the cycle of poverty and deprevation that currently harms it's residents.
'Forced'? No one is forced to buy anything. A lot of Asian families are paying that much for new 2-family homes on Staten Island by choice. Because like most hard-working middle-class people they like living in safe quiet neighborhoods.
Not forced in the literal sense. Of course no one is forced to buy anything unless it's under duress but regular, working class people buying home all over the city for $600K -$1MM aren't forking over the money because the properties are so great. They make the necessary sacrifices.
Somehow in NYC, "working people" has only come to be known as non-white and non-Asian and those without any career aspirations.
Market Rate in East New York? (LOL!) A risky venture at best but the developer will come out ahead no matter what. If not enough market rate renters sign up, there's always voucher/Section-8/homeless tenants to fill the place up.
You'd be surprised my man. I thought the same about Bed-Stuy and Bushwick. You have morons buying 700sqft condos for $600K+ in the aforementioned neighborhoods.
Why are only non white/non Asian considered "working people"? When Asians are forced to buy homes and condos for nearly $1MM over the city (which usually also house their elderly parents), no one seems to care?
They're not the only ones who people consider "working people". You have a bad habit of making racist $hit up and spewing it as fact.
On topic, I don't see the appeal of East New York for anyone who can afford elsewhere. It's a rough area and far from anything.
I think the people who move there will learn sooner or later. They are really pushing the downtown luxury vibe out there and its just not the same. The commute for anyone who works in the city is not appealing.
Sometimes when people try to gentrify an area it doesn't work out- that's how I see this turning out. Lets see how it all unfolds over the next few years
(personally think they are better off building units there for the people who already live there can afford. Units for that specific AMI)
Where in ENY would this proposal be in? If it's near Jamaica Ave, nearby Highland Park and Cypress Hills Cemetery, I wouldn't build it there. I'd rather build a high-rise proposal nearby Spring Creek over building such a proposal nearby a cemetery, but that's just me.
I also wouldn't even think of developing Bway Jct because Bway Jct is the site of a bus depot, a train yard, industrial warehouses, and Evergreen Cemetery is nearby. It makes sense to develop Williamsburg into what it's now because of Williamsburg being close to East River but trying to develop Bway Jct into this hip district won't fly because it makes little sense to develop over there and there's really no amenities unless you consider being close to Evergreen Cemetery an anemity!
Who said anything about trying to make it into a hip district? This building is literally a standard 80/20 rental. Nothing hip about it at all.
I think the people who move there will learn sooner or later. They are really pushing the downtown luxury vibe out there and its just not the same. The commute for anyone who works in the city is not appealing.
Sometimes when people try to gentrify an area it doesn't work out- that's how I see this turning out. Lets see how it all unfolds over the next few years
(personally think they are better off building units there for the people who already live there can afford. Units for that specific AMI)
The problem is that what the people there can afford isn't enough to get a building like this constructed in NYC nor properly maintained. Don't get me wrong, NYC needs low income/working class housing, but building 100% or frankly even 50% low income housing is unrealistic. You need a large percentage of middle class and above folks to help pay for those units that are at very low prices to balance out the needs of building the structure and keeping it in good shape.
Secondly, concentrated poverty is never a good thing. There's a reason even people who grow up in ENY once they get solid jobs leave. Something has to break the cycle.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
