The Projects-Dumbo Divide
The Daily News has an article about the class and quality-of-life differences between people who live in the Farragut Houses as opposed to neighboring Vinegar Hill or Dumbo: “Police sources said cops have investigated dozens of major crimes at the Farragut Houses in the past year, including shootings and robberies. The number of major crimes…
The Daily News has an article about the class and quality-of-life differences between people who live in the Farragut Houses as opposed to neighboring Vinegar Hill or Dumbo: “Police sources said cops have investigated dozens of major crimes at the Farragut Houses in the past year, including shootings and robberies. The number of major crimes in nearby DUMBO is closer to zero.” The article cites Census stats saying that the median income of people living in or around the projects is $20,995 while it’s $148,611 in Vinegar Hill/Dumbo; 7 percent of the former population aged 25 or older have a bachelor’s degree, whereas 74 percent of people in Dumbo/Vinegar Hill who are 25 or older have BAs.
Life of Poverty and Fear in Housing Project for Those in Shadow of Wealth [Daily News]
When these public housing projects were first built, I have read consistent and credible reports that they were unglamorous but highly desirable low-crime areas for poor and working-class people who took pride in raising families there. The difference today would seem to be behavior, not income.
BHO – you are correct – and at some point the world is going to end too, so unless you can put your prediction into some reasonable time frame – it is sort of irrelevant.
“what’s the point of this article?”
That home prices here and everywhere are going to fucking collapse back down to, and through, the ’09 “lows”. The cluelessness is downright staggering.
***Bid half off peak comps***
“median income of people living in or around the projects is $20,995 while it’s $148,611 in Vinegar Hill/Dumbo”
3 x 148,611 = $445,833 = sustainable, median home price fundamental for VH/D. What’d they say apartments around here are going for?
***Bid half off peak comps***
i was referring to your ideas on the poor and public housing. In case you haven’t rented in awhile, “affordable rent” and NYC don’t belong in the same sentence.
Exactly, a few should not justify what we do for most. Thank you. If these few are doing well, then why are they still in the projects. They have placed limits on themselves, because they are comfortable enough where they are at. Public housing should have been set up for transitional purposes, not long term.
ah- classic, not very knowledgeable attitudes about the poor. I happen to know a few people in public housing who work harder than almost anyone I know. The ability to stereotype is not proof of anything. And I guarantee the housing situation when you were a kid wasn’t anything like it is today.
I have two loving children and a wonderful wife. I just come from a different upbringing. My mother used to bag groceries to take care of my three brothers. We never accepted public assistance. We lived where we could afford to, in Queens. Public housing is not the answer. It keeps people from trying as hard as they can. We’re talking bagging groceries here folks and all my brothers are in a good situation now, to include myself. Every time I go to a bodega and see someone pay for their Snickers bar with a welfare card, it reminds me of how things need to change.
150k per year rich? Where do you guys live? 2 income house 150k is middle class if not lower middle class in this city.