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“are no longer any hard working Italians left”
I know. Really a shame too. All the Italians I know are municipal union employees who are double dipping their pensions.
Where’s the listing for the Elkins House?
“What happens to those unemployed there? ”
Perhaps they will wake up to the realization that they may have to move from Michigan if they want any semblance of an independent life. Either that, or start there own business.
Not a fun choice, but life is not always fair.
MM, or anybody with extra pocket change, looks like the Elkins House got another chop and is down to +/- $250,000. It’s on a giant lot and is a giant house, admittedly a shambles.
And there was a nice $375k townhouse in crown heights on CL the other day, albeit with a shockingly pink fixer-upper-original-details interior… still too expensive for us to think about thinking about, but cheap for somebody. http://bit.ly/hDw6pP
(our landlord was annoying us, so we were looking at housing as a way to blow off steam)
I’ll have to agree with you there, lech. A lot of preservation work gets done by illegal Mexicans who send the money back to the homeland. Of course they are the only good plasterers nowadays since there are no longer any hard working Italians left.
And what about Michigan? Cutting unemployment weeks from 26 down to 20 – a law to go into effect at the time the federal extension to 99 is phased out? What happens to those unemployed there? Do they end up on welfare instead?
Preservationism represents a dead weight on the economy. It worse than a tax. At least tax dollars get recycled through inefficient spending and double dipping by municipal union workers. Preservation is just dead weight.
What about the CMBS proposal? Requiring banks to keep skin in the game, possibly by taking the first 5% of any loss.
By lechacal on March 29, 2011 10:23 AM
Benson is totally right about preservationism. What a complete and utter economic waste.
Yes, because so many of the new developments are built to such high standards!!!!
ROTFLMMFAO