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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).

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