Friday Links
Fort Greene. Photo by shianlotta. In Turnabout, Mayor Bloomberg Seeks Spending Cuts [NY Times] Corruption in Brooklyn South Narcotics Unit [NY Times] Longshoremen’s Bldg Razing a Non-Union Job [NY Daily News] New Rules Endanger Red Hook Vendors [NY Daily News] Stimulus Package a Boon for Housing [NY Daily News] Parks Dept. May Sell Off Naming…
Fort Greene. Photo by shianlotta.
In Turnabout, Mayor Bloomberg Seeks Spending Cuts [NY Times]
Corruption in Brooklyn South Narcotics Unit [NY Times]
Longshoremen’s Bldg Razing a Non-Union Job [NY Daily News]
New Rules Endanger Red Hook Vendors [NY Daily News]
Stimulus Package a Boon for Housing [NY Daily News]
Parks Dept. May Sell Off Naming Rights [NY Post]
No Operator in Place for Slope Armory [Brooklyn Paper]
Is NYC Becoming a College Town? [AM New York]
Ask About Tenant-Landlord Issues [City Room]
Hey. That’s my finacee’s photo.
Re: Stimulus Package a Boon for Housing [NY Daily News]
Considering back-to-traditional lending standards with a 20% DP, the package would help NYC with loan amounts as much as 730/0.80 = $913K. But your credit would have to be stellar. However…
“The higher cap, to be effective until the end of December, would breathe life into housing markets in New York, California and other pricey areas because lenders would feel more comfortable knowing Fannie and Freddie can buy and package the loans into securities that investors consider to be relatively safe.”
After December, then what? And are investors ready to jump back in the MBS game considering insolvency problems with even prime borrowers in the face of a recession? I don’t know. People’s thoughts?
Don’t see the point in the NYT having that landlord-tenant question feature open for another week. In only one day they’ve already collected over 100 questions.