Mystery Downtown Development Going Affordable
The New York Post ran a story yesterday mentioning two luxury condo buildings in talks with the city to unload their unsold units as affordable housing. One building is in Harlem and the other in Downtown Brooklyn, according to the article, but officials cannot reveal where the properties are while negotiations are still occurring. Any…
The New York Post ran a story yesterday mentioning two luxury condo buildings in talks with the city to unload their unsold units as affordable housing. One building is in Harlem and the other in Downtown Brooklyn, according to the article, but officials cannot reveal where the properties are while negotiations are still occurring. Any guesses, readers? The article says that the city is in negotiations with “banks that have foreclosed on the properties,” and that the Brooklyn development is in Downtown. The leading guesses in the Forum are Forte and be@schermerhorn (above). What do you think?
City Dealing to Make Luxe Condos Cheaper [NY Post]
Interest rates aren’t going up so much that they will be a problem. They are just inching up. You never understand the historical context of anything except Bed Stuy in your beloved 70s.
Interest rates have been double digit and as high as the high teens as recently as the late 70s and early eighties. they were much higher in 1990-1993.
They are low, VERY LOW, by historical reference and they will remain that way.
FUCKTARD.
Allow me to hang you with your own words.
“Nothing goes down forever, What. Most of the numbers have already turned. It’s why interest rates are rising.”
If interest rates go up then what happens to housing??????????????????????????????
F***** Fool Ass!
The What
Someday this war is gonna end..
I still like Forte (more than most of the new buildings). I would happily pay 300K for a 2-bedroom there as long as they can guarantee that the concrete doesn’t start falling off the side of the building.
But yeah, duh — the projects and various Mitchell Llama developments were built larger and better than a lot of the new condo construction. I know I keep saying this, but it is what gets me about the new development boom: 99% of these places spend a third of their square footage on bathrooms, have 10×11 bedrooms, no closets, and island kitchens which only serve to take more space away from the living area. Our rental, which is a failed condo project, is a little like this, except instead of the second bathroom we have a pantry and no island in the kitchen. Although I suspect both of things things happened because they ran out of cash, it’s one of the things that makes the apartment more livable.
And I already called you out yesterday, BO for being a liar.
You aren’t 32, and you most definitely did not own property in Manhattan and sell for a huge profit (as you claim) when you were 29 years old.
I’d believe it, if you sounded like you were a smart person (or even a well educated one coming from old money) but you sound more like Homer Simpson, so I don’t buy it one bit.
Does anyone here actually know what the guidelines are for affordable housing as far as salary requirements?
What up ROTW. The thrilla of Case Killa. It’s like a Bear vs Bullshit brawl up in here.
***Bid half off peak comps***
I didn’t get busted with anything. Off market tells us nothing. They may very well have sold.
Did you even LOOK at the numbers, or are you talking out of your ass yet again?
I see NO ONE here agreeing with you besides What/BHO.
You just got called out AGAIN for saying a non fringe area is fringe.
Why aren’t you commenting on that? Please tell us more about how fringe Ft. Greene is!
Nothing goes down forever, What. Most of the numbers have already turned. It’s why interest rates are rising.
The leading indicator, the stock market, started predicting this quite awhile ago.
You’ve been left in the dust and are poorer because of it.
You cling to the employment numbers and the housing numbers like a drowning man. They are always the LAST numbers to turn in a recovery. Look it up.
Bxgrl- agreed
I’d like to see familes who are hardworking and maybe only make $40-$90K a year combined get into places like this in a safe nabe that has some nice amenities, sorta what Stuy town was set up like many years ago…
Rob -agreed oddly the project buildings were built like forts as opposed to many of these drywall specials being built today