'Slumlike Conditions' in Foreclosed Slope Building
The Daily News had an article on a group of tenants who live in 294 Fifth Avenue in the Slope and say conditions in the rent-controlled building have deteriorated since the property went into foreclosure a couple years ago and a receiver was appointed to take care of it. The building’s boiler, for example, didn’t…
The Daily News had an article on a group of tenants who live in 294 Fifth Avenue in the Slope and say conditions in the rent-controlled building have deteriorated since the property went into foreclosure a couple years ago and a receiver was appointed to take care of it. The building’s boiler, for example, didn’t work for three weeks this winter, and the front-door lock is broken. Public Advocate Bill de Blasio held a news conference yesterday to support the tenants in seeking a court order that would force the receiver to make repairs. According to the article: “The slumlike conditions at 294 Fifth Ave. spotlight a growing concern: smaller apartment buildings that fall into disrepair in part because the building is overleveraged. ‘We think this is a growing problem around the city that the banks and lenders are not taking responsibility for,’ said de Blasio.”
Park Slope Tenants, de Blasio Team Up to Force Building Repairs [NY Daily News]
This has been the best thread in a long time. Reminds me of the “golden age” of Brownstoner. All we need now is for The What to show up.
Donatella said:
“I don’t know if this is off topic, but rent control as a system is a disaster and I think primarily for the person/persons who live in rent controlled spaces. I say this from the perspective as a person who has seen people shape their economic decisions around the expectation of extremely low rents forever.”
That’s my exact direct personal observation of the couple people I know in RC apartments, one here, one in another state. The friend here earns 6 figures but never saves or invests enough because the cheap rent doesn’t make him feel worried about that. The other friend out of state is not officially RC, just a very large very cheap apt in an old house with the same rent for 25 years. He’s treated his cheap rent like a lifelong arts fellowship. Because his rent was so cheap he never made any career decisions out of any need to earn more income which resulted in back-to-back failures in every half-hearted endeavor he’s had. Both these guys are college educated, white, raised upper middle class.
I thought that was tribadism.
barf!
*rob*
lol, IMBY….
Broaden your thinking, jester.
I thought “frottage” was two women rubbing their genitals together.
NYC Real property investing is a business. Obviously the buildings corporate owners either ran with the mortgage money of recognized their failure and bailed.
THE REAL STORY WOULD HAVE BEEN IF DIBLASIO CHANGED THE FUCKING FRONT DOOR LOCK HIMSELF.
just looked at the picture…a little frottage there on the right, perhaps?