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Old 04-21-2017, 02:11 PM
 
31,910 posts, read 26,989,302 times
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Interesting read from the Gothamist: How Bankers & Technocrats Used The 1975 Fiscal Crisis To Permanently Reshape NYC: Gothamist
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Old 04-21-2017, 03:04 PM
 
Location: Between the Bays
10,786 posts, read 11,317,052 times
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Let me guess...this was written by a white guy that is now full of guilt. So now he wants to simply blame other white people.
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Old 04-21-2017, 03:27 PM
 
31,910 posts, read 26,989,302 times
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Quote:
Originally Posted by G-Dale View Post
Let me guess...this was written by a white guy that is now full of guilt. So now he wants to simply blame other white people.

Don't think so, and if you look at NYC before 1970's and how things have played out say since the 1980's the author maybe onto something.


It wasn't just Rudy G and Bloomberg "cleaning out" and reshaping NYC, which they did; but the seeds were sown long before either arrived in office.


Just look at how much NYC kisses the behinds of various sectors of "wealth", real estate, tech sector, Wall Street/financial sector, and so forth. OTOH whereas unions have lost ground and to an extent power.


It was the unions and their strikes that got John Lindsay into trouble and ultimately voted out of office. Now City Hall treats the municipal unions as if they don't count. PBA can make all the noise they wish, but outside of Staten Island it means almost nothing to City Hall.
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Old 04-22-2017, 04:49 PM
 
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I wish I could go back to 1975...and buy real estate.
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Old 04-22-2017, 04:59 PM
 
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CAn you please give me cliff notes?
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Old 04-22-2017, 06:09 PM
 
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Bankers bought the place at firesale prices after corrupt and imprudent city politics run the place into the ground. Now they own everything and don't care about poor and middle class problems. The end. Amen.
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Old 04-22-2017, 06:11 PM
 
3,699 posts, read 3,856,899 times
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stupidly written and mostly ignorant.
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Old 04-22-2017, 08:41 PM
 
17,874 posts, read 15,952,870 times
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Originally Posted by UrbanAdventurer View Post
Bankers bought the place at firesale prices after corrupt and imprudent city politics run the place into the ground. Now they own everything and don't care about poor and middle class problems. The end. Amen.
I thought most of the buildings in the gentrified areas are owned by landlords.
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Old 04-22-2017, 10:19 PM
 
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Originally Posted by NJ Brazen_3133 View Post
I thought most of the buildings in the gentrified areas are owned by landlords.
And who holds most of the property deeds and lends the money to buy them in the first place?
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Old 04-22-2017, 11:37 PM
 
15,856 posts, read 14,483,585 times
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NYC in 1975 needed a good bit of reshapping. Whatever they (whoever "they" may be) did, it worked well, because NYC could have gone deeply and permanently into the toilet (a la Detroit), but it didn't. It came out of it in vastly better shape than anyone had any right to expect.
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