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Ugh, people who vote to privatize are evil. And no amount of arguing will change my opinion on that. They got to enjoy a basically free apartment (compared to market rate in NYC) for years and then pull up the ladder and say "f you! I got mine!" to new people who might want to benefit from it when they move out or die. So selfish, so disgusting.
I grew up in a beautiful ML development and we've never voted to privatize. Good! lol
Ugh, people who vote to privatize are evil. And no amount of arguing will change my opinion on that. They got to enjoy a basically free apartment (compared to market rate in NYC) for years and then pull up the ladder and say "f you! I got mine!" to new people who might want to benefit from it when they move out or die. So selfish, so disgusting.
I grew up in a beautiful ML development and we've never voted to privatize. Good! lol
I totally agree with you. Living in a ML there are times that I think once in a blue moon "it'd be nice to get some equity here" but I'm a true believer in the program and hope it continues long after I am gone.
The funny thing about privatization and the buildings themselves is when people think about the potential profits, market comparisons, etc... is that the ML buildings really aren't even that nice. No amenities, basically glorified version of NYCHA buildings. The low-rise portion of East Midtown Plaza right on 23rd street frankly, does not look nice. Just because a 2 bed co-op in another building a few blocks away sold for 1.2 mill doesn't mean a 2 bed in East Midtown would do the same as soon as they go private
I mean...my ML building is beautiful and works for us just fine, but if you told me someone would consider spending over a million to live there I'd call them crazy. I wonder what the going rate for an apartment in Southbridge Towers is right now
I totally agree with you. Living in a ML there are times that I think once in a blue moon "it'd be nice to get some equity here" but I'm a true believer in the program and hope it continues long after I am gone.
The funny thing about privatization and the buildings themselves is when people think about the potential profits, market comparisons, etc... is that the ML buildings really aren't even that nice. No amenities, basically glorified version of NYCHA buildings. The low-rise portion of East Midtown Plaza right on 23rd street frankly, does not look nice. Just because a 2 bed co-op in another building a few blocks away sold for 1.2 mill doesn't mean a 2 bed in East Midtown would do the same as soon as they go private
I mean...my ML building is beautiful and works for us just fine, but if you told me someone would consider spending over a million to live there I'd call them crazy. I wonder what the going rate for an apartment in Southbridge Towers is right now
I agree! The other interesting part is that people who want to cash out think they are going to make a fortune. When you factor flip tax and city even a million dollar sale could result in less than half of that. Where do you live after you sell? I hope the majority of people at EMP believe in ML and commit to stay like Penn South.
It seems that by the low cost and maintenance it would be possible to save money that couldn't be done if it was unaffordable. I too hope it is around for generation!
I agree! The other interesting part is that people who want to cash out think they are going to make a fortune. When you factor flip tax and city even a million dollar sale could result in less than half of that. Where do you live after you sell? I hope the majority of people at EMP believe in ML and commit to stay like Penn South.
It seems that by the low cost and maintenance it would be possible to save money that couldn't be done if it was unaffordable. I too hope it is around for generation!
YUP! Where would these people go if they wanted to stay in the city? You think you can find a similar apartment for, say, 500k in a similar area with a similarly low maintenance charge? LOL, think again. They'd sell and come out under because most normal co-ops have high maintenance in NYC.
They probably are boomers who want to sell, **** over the rest of us, and haul ass off to Florida or whatever. Evil.
The two bedroom has moved at least 100 in 2 years. Studios moved many as well. Why is the one bedroom not moving? This is crazy. Anyone know when is the vote going to happen?
The same thing is happening at York Hill, but I know that York Hill is not privatizing any time soon. The studio list is flying but the one bedroom list has been still for over a year now, possibly longer.
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