Wednesday Linkage
Stormy Day, Fort Greene. Photo by Angela Coalition Protests Rise in Rents [NY Times] Brooklyn College Art Show Reopening [NY Times] Housing Plan’s Poor Job [NY Post] Luxury Buildings Gain from Tax Break [Crain’s] Walentas Proposes Detention Knock-Down [Brooklyn Papers] FCR Mum on Arena Security [Park Slope Courier] Controller Pans Housing Subsidies [The Real Estate]…
Stormy Day, Fort Greene. Photo by Angela
Coalition Protests Rise in Rents [NY Times]
Brooklyn College Art Show Reopening [NY Times]
Housing Plan’s Poor Job [NY Post]
Luxury Buildings Gain from Tax Break [Crain’s]
Walentas Proposes Detention Knock-Down [Brooklyn Papers]
FCR Mum on Arena Security [Park Slope Courier]
Controller Pans Housing Subsidies [The Real Estate]
Overnight RE Rates Decline [Inman News]
Top 2% of Market Still Selling [Real Estate Journal]
Hiatus for BKLYN Magazine [OTBKB]
Well said, anons 10:44 and 10:46!
And what is dishonest and deceitful is not the semantics, but the abuse of the 421a program. If you want to get pissed off about anything, get po’ed about that.
“Second, it’s missing the big picture when you say that its not promoting “affordable housing”, as the availibility of more housing, even if only in the luxury class, will help keep all house prices down for everyone else, since the general housing supply is being increased.”
You are making absolutely no sense. Luxury class is not- I repeat not- doing much of anything for the general market. Sounds great on paper but the real;ity is far far different. Now you’re playing around with numbers- might as well say that every room Louis the 16th added to Versaille increased the housing supply all over France. Very very literally yes- but in the real world, no.
Interesting report in Crain’s. Nice to see that luxury housing is getting subsidies- and people complain about rent subsidies. I guess it’s ok to give money to a rich man and respect his ability to use the system but a poor one can get help, but no respect. And funnier still, our taxes pay for both. If I were a rich man, ya da da da da da da da, all day long I’d apply for subsidies…if I were a rich developer!!!!