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|  Message 2619  |
|  hancock4@bbs.cpcn.com to All  |
|  OT: NYC apt complex for sale; government  |
|  14 May 14 08:07:50  |
 This is off topic, but it shows the difference in attitudes of various parts of the country. In NYC, a large apartment complex is up for sale. Historically, the complex had modestly priced apartments thanks to certain tax concessions from the city. Now the owners are trying to make the complex market-rate, with many residents objecting. I can't help but suspect that in cities in the southwest large apartments don't have this kind of mishigosh. http://www.nytimes.com/2014/05/14/nyregion/stuyvesant-town-lende -prepares-to-foreclose-on-a-loan-for-the-complex.html?ref=nyregion&_r=0 (In my personal opinion, government attempts to regulate the price of housing in a scarce market are counter-productive, and while they may have some short-term gains, in the long term they make things much worse. Today, an often lot of housing in Manhattan is either for the poor (heavilly subsidized) or the rich (not subsidized). --- SoupGate/W32 v1.03 * Origin: LiveWire BBS -=*=- UseNet FTN Gateway (1:2320/1) |
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