tag:blogger.com,1999:blog-683382864156505640.post4972792893679882739..comments2023-08-14T11:44:27.299-04:00Comments on Jeremiah's<br> Vanishing New York: Another Bowery TowerJeremiah Mosshttp://www.blogger.com/profile/11791516443125872364noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-683382864156505640.post-40484594570896812092007-11-14T13:08:00.000-05:002007-11-14T13:08:00.000-05:00freemarketers (offspring of freemasons?) never men...freemarketers (offspring of freemasons?) never mention greed -fueled colonialism/imperialism. arrogant shits.<BR/><BR/>i work near wall street and am often tempted to go a' choking.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-683382864156505640.post-56157730222929736522007-11-13T09:58:00.000-05:002007-11-13T09:58:00.000-05:00You know, I really try to steer clear of the free ...You know, I really try to steer clear of the free market fundamentalists, but the bit from "anonymous" demands a mild retort. If all this real estate fever is merely a question of supply and demand, then how much Manhattan housing stock is being lost each year to trigger the record-setting rental increases? If "market" rent goes up 30% in one year, that suggests a loss of 23% of rental properties. Is that even possible?<BR/><BR/>And if it is, isn't that the most clear-cut argument possible for expanding rent control, not letting it contract? 50 years ago, New York's population was what is now, and its borders remain unchanged. So how come the average joe could live here then, and not now?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-683382864156505640.post-52057789605066390032007-11-12T12:56:00.000-05:002007-11-12T12:56:00.000-05:00While I'm not crazy about more luxury housing, I t...While I'm not crazy about more luxury housing, I think this building looks great. 15 stories is appropriate for a street as wide as bowery, and it is massed well on the site.<BR/><BR/>Here's to hoping that developers will continue to discover that glass & steel is not the only option.Greghttps://www.blogger.com/profile/13438252012386296017noreply@blogger.comtag:blogger.com,1999:blog-683382864156505640.post-10043723652080706242007-11-12T12:06:00.000-05:002007-11-12T12:06:00.000-05:00Many people fail to understand!SUPPLY vs DEMAND. ...Many people fail to understand!<BR/><BR/>SUPPLY vs DEMAND. <BR/><BR/>The fact is that rental prices are up so much because of reduced supply. This is a result of the failure of NYC to organically develop high quality housing during your gilded age of the 60-90's. <BR/><BR/>Several things reduce supply:<BR/>- Lack of habitable space, (empty lots, boarded up buildings, unsafe housing condemned by the city.)<BR/>- Rent stabilization & rent control further reduces supply of market rate housing.<BR/>- Condo-coop conversion and development projects reduced supply.<BR/>- Crime levels and neighborhood quality at levels that could not support communities.<BR/>- Expansion of NYU & Columbia campus's.<BR/><BR/>The one thing this city needs is more market rate rental housing. The prices are out of control because supply in Manhattan is artificially restricted. We need to attract more private capital and rezone whole areas of the city to develop the kind of housing stock necessary to deflate rental prices, and introduce more competition into the rental market.<BR/><BR/>Its Econ-101 people. Support rental development, it's in our best interests....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-683382864156505640.post-63543466155931222262007-11-11T23:16:00.000-05:002007-11-11T23:16:00.000-05:00How about that, Jerry? Unrestrained luxury develo...How about that, Jerry? Unrestrained luxury development is apparently a good way to guarantee that people with middle incomes don't get pushed out of the city. That’s a new one, eh?<BR/><BR/>Annonymous did raise a good point, though. Land marking has been used as a tool to help facilitate gentrification, though this is usually when an entire neighborhood is land marked, not specific buildings. Either way, if real-estate speculation is utterly unfettered, as it is now, then preservationism has to be active in some form, or we’ll have nothing in this city but mile after mile of cookie-cutter condos.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-683382864156505640.post-50177755082880943712007-11-10T13:27:00.000-05:002007-11-10T13:27:00.000-05:00"A city in the process of going extinct"???? What..."A city in the process of going extinct"???? What are you talking about? Since 1960, plenty of landmark legislation has passed and has protected numerous structures. But change is inevitable. The cities that "go extinct" are those where there is little or no new construction. <BR/><BR/>Also, one has to consider the costs as well as the benefits of landmarking. Landmark legislation has a dramatic effect on prices, and thus keeps a lot of people with middle incomes out of many, many neighborhoods.Anonymousnoreply@blogger.com