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Old 01-25-2023, 05:38 AM
 
32,024 posts, read 27,213,464 times
Reputation: 24952

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Quote:
Originally Posted by NSHL10 View Post
Most.of the new apartment complexes being built are touted as being luxury yet they get tax abatements which is wrong. Build with cheaper appliances in a more cost effective manner to lower the cost in order to get a tax break



But people want all the bells and whistles despite not being able to afford them. Champagne taste on beer budgets.
Those tax abatements are usually tied to providing some portion of "low income" or "affordable" housing either permanently or for definte period. Latter normally until tax abatement expires which could be 30 years.

NYC forum has a whole sub forum on such things: https://www.city-data.com/forum/new-...using-lottery/

What this does is speak to the other wet dream of progressive, liberal, socialist democrats; get low income people into high income areas, places where they normally wouldn't get foot past front door.
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Old 01-25-2023, 06:05 AM
 
440 posts, read 160,227 times
Reputation: 1208
Quote:
Originally Posted by cablegeek117 View Post
You guys realize there’s a lot of young white people in their 20s and 30s who can’t afford to live here either right? I think you need to be making like $200k just to afford a starter home on LI these days.
Umm, tough? Go live someplace else, the Midwest is positively full of empty space. It’s not my obligation to put up with Queens-like conditions just so ANYONE can afford to live here. I can’t afford to live on Central Park West or Sands Point, should we cram some affordable housing in there for me?

Why do these supposed obligations to accept higher density only seem to fall on the middle and working class? I know why - because the rich have the power and influence to steer this stuff away from their areas. Very few parts of the wealthiest areas of LI are anywhere near a train station. It’s almost as if that’s by design. Try building an apartment building in Old Westbury and see how far you get before you’re buried in lawsuits filed by very influential people.
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Old 01-25-2023, 06:59 AM
 
Location: Former LI'er Now Rehoboth Beach, DE
13,066 posts, read 18,206,231 times
Reputation: 14030
Quote:
Originally Posted by Powell on Property View Post
Umm, tough? Go live someplace else, the Midwest is positively full of empty space. It’s not my obligation to put up with Queens-like conditions just so ANYONE can afford to live here. I can’t afford to live on Central Park West or Sands Point, should we cram some affordable housing in there for me?

Why do these supposed obligations to accept higher density only seem to fall on the middle and working class? I know why - because the rich have the power and influence to steer this stuff away from their areas. Very few parts of the wealthiest areas of LI are anywhere near a train station. It’s almost as if that’s by design. Try building an apartment building in Old Westbury and see how far you get before you’re buried in lawsuits filed by very influential people.

There is a percentage of the median income for the area that these apartments will need for rent. Generally from 40% - 60%. If we are looking for affordable - they are not looking in the exclusive areas. That is not to say that I think your statements regarding lawsuits is wrong - you are 1000% correct.
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Old 01-25-2023, 08:15 AM
 
8,001 posts, read 9,208,526 times
Reputation: 9500
Quote:
Originally Posted by BugsyPal View Post
Those tax abatements are usually tied to providing some portion of "low income" or "affordable" housing either permanently or for definte period. Latter normally until tax abatement expires which could be 30 years.

NYC forum has a whole sub forum on such things: https://www.city-data.com/forum/new-...using-lottery/

What this does is speak to the other wet dream of progressive, liberal, socialist democrats; get low income people into high income areas, places where they normally wouldn't get foot past front door.
Putting a token number of apartments as for low income is not enough to be deserving of the tax break imo.
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Old 01-25-2023, 09:08 AM
 
3,548 posts, read 5,739,497 times
Reputation: 2582
Quote:
Originally Posted by Powell on Property View Post
Umm, tough? Go live someplace else, the Midwest is positively full of empty space. It’s not my obligation to put up with Queens-like conditions just so ANYONE can afford to live here. I can’t afford to live on Central Park West or Sands Point, should we cram some affordable housing in there for me?

Why do these supposed obligations to accept higher density only seem to fall on the middle and working class? I know why - because the rich have the power and influence to steer this stuff away from their areas. Very few parts of the wealthiest areas of LI are anywhere near a train station. It’s almost as if that’s by design. Try building an apartment building in Old Westbury and see how far you get before you’re buried in lawsuits filed by very influential people.
Exactly
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Old 01-25-2023, 10:08 AM
 
Location: Stony Brook
2,897 posts, read 4,420,022 times
Reputation: 2752
The wealthy want to be on their own planet, but want everyone else to be even. Idiots.
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Old 01-25-2023, 10:55 AM
 
6,387 posts, read 13,188,652 times
Reputation: 4673
Quote:
Originally Posted by Powell on Property View Post
Umm, tough? Go live someplace else, the Midwest is positively full of empty space. It’s not my obligation to put up with Queens-like conditions just so ANYONE can afford to live here. I can’t afford to live on Central Park West or Sands Point, should we cram some affordable housing in there for me?

Why do these supposed obligations to accept higher density only seem to fall on the middle and working class? I know why - because the rich have the power and influence to steer this stuff away from their areas. Very few parts of the wealthiest areas of LI are anywhere near a train station. It’s almost as if that’s by design. Try building an apartment building in Old Westbury and see how far you get before you’re buried in lawsuits filed by very influential people.
Bingo!! Well said.

I want a house in the Hamptons on the water. Still waiting for some affordable housing to be built.
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Old 01-25-2023, 12:09 PM
 
186 posts, read 68,276 times
Reputation: 384
Quote:
Originally Posted by Powell on Property View Post
Umm, tough? Go live someplace else, the Midwest is positively full of empty space. It’s not my obligation to put up with Queens-like conditions just so ANYONE can afford to live here. I can’t afford to live on Central Park West or Sands Point, should we cram some affordable housing in there for me?
You're entitled to your opinion. But how do you propose the island handles population growth then? Tell young people to stop having kids? Keep forcing young people to move off the island? Do you think there are any negative long term consequences to having an ongoing "brain drain" problem as young professionals keep leaving for other areas?
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Old 01-25-2023, 12:17 PM
 
93,974 posts, read 124,785,314 times
Reputation: 18307
Quote:
Originally Posted by nuts2uiam View Post
There is a percentage of the median income for the area that these apartments will need for rent. Generally from 40% - 60%. If we are looking for affordable - they are not looking in the exclusive areas. That is not to say that I think your statements regarding lawsuits is wrong - you are 1000% correct.
Some go even higher, if not up to a percentage over the median as well. For instance, this building that is infill where the former inner Loop was in Rochester goes from 40-90%: https://www.homeleasing.net/charlotte-square-loop

So, the people in that building are working to middle class themselves. If you look at this middle class calculator, middle class is viewed as roughly 66%-200% of the median: https://www.pewresearch.org/interact...-middle-class/
https://www.pewresearch.org/fact-tan...-middle-class/
There are other middle class calculators with similar criteria.

This is another building in that same area of Rochester: https://www.270oneast.com/contact

I'm curious if this is the type of housing that is in mind to serve as infill for select communities with rail/transit access or just in general?

Last edited by ckhthankgod; 01-25-2023 at 12:33 PM..
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Old 01-25-2023, 01:00 PM
 
Location: Former LI'er Now Rehoboth Beach, DE
13,066 posts, read 18,206,231 times
Reputation: 14030
Quote:
Originally Posted by cablegeek117 View Post
You're entitled to your opinion. But how do you propose the island handles population growth then? Tell young people to stop having kids? Keep forcing young people to move off the island? Do you think there are any negative long term consequences to having an ongoing "brain drain" problem as young professionals keep leaving for other areas?
This is not unique to LI. The degree of cost is certainly more prevalent on LI, but there are many areas that struggle with the very same thing. Many area of Ca. are unaffordable for many, most big cities in fact. Re Brain drain. It has been going on for years. The money jobs are in NYC not LI.
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