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but the entrance is part of the amenities.....
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but the entrance is part of the amenities.....
In 10-30 Years there will be no middle-class in America anymore.
It will be just rich and poor.
Capitalism has shown its already failed.
We're what? $18+ TRILLION in debt?
It's just a matter of time until that paper in your pocket is worth as much as the paper you write on.
smfh. I love this country and I don't think the people in charge even know how to fix this mess, or can you even fix it?..
STAHP. Weren't you just talking about how saving money is of no concern for you, you can't wait to get one of your renters out of their lease, and you're pushing a Benz?word to everything you said except there is no middle class anymore. Its the elite and the rest of us.
i can understand where you are coming from. I do not believe in corporate or social welfare, in most scenarios. I also think there are MAJOR issues with government and business in America being intertwined, and i can see your point that this is one of them; however, i get a lot more upset about the big ones like cable companies/net neutrality, financial institutions, etc. But, then i think of the alternative of this situation, the developer does not get the tax incentives to do this so then the building is all expensive condos, where no lower income folks can rent. Which situation would be worse, in your opinion? The lower income folks not even having a shot at living on the UWS or what is happening now?
^ 100 residents paying 10k/month = 1 million/ monthIn my truthful opinion it may actually be in the best overall interest for them to not even have this housing in an area like this if they are gonna go through all these lengths to segregate the two different classes.
I See your point, however the only reason they even agreed to these lower income apartments is so they can rack up more money and be allowed to use more space in the city and slowly start building more and more "Luxury" buildings that COMPLETELY price out the middle class. So what happens when they fill up the UWS they then start to move more and more uptown where their are still impoverished communities, and because they racked up all these tax breaks allowing them to save more & more money and use and acquire more and more land.
They are going to be building luxury condos in areas where 70-80% of the people are barely above the poverty line. This is where the huge problem comes in these developers are gaining the power to completely price out everyone who isn't rich out of NYC as a whole, it's happened in BK, it's happened in Queens, it's in the Early stages of the Bronx.
STAHP. Weren't you just talking about how saving money is of no concern for you, you can't wait to get one of your renters out of their lease, and you're pushing a Benz?
Yet you're with "the rest of us"? There's absolutely still a middle class today.
I have news for you: if you have a "well over six figure" household income, you are middle class. Thats what the middle class is...Yes that renter who makes over 100k a year is trouble to the neighbors he's always drunk cursing out his wife and always threatens to beat her. He needs to go. What's wrong with that? I'm confused about that part. Also, yes I drive a Mercedes again that does not put me in a better class than anyone. I am still considered the rest of them. And I didn't mean saving money is not a concern of mines but if I had a choice to save some money and walk through the poor door I wouldn't do it. So again there is no middle class. My wife and I make well over 6 figured combined income and still don't afford any of the luxuries the elite have. There is a girl right now in a Tribeca loft her daddy pays for snorting coke that would be offended if you were to offer her my life.
I have news for you: if you have a "well over six figure" household income, you are middle class. Thats what the middle class is...
This thread has derailed though. The bottom line is that this situation isn't really a big deal at all, and it's more than likely a good thing, not a bad thing like these "class war" hawks want to believe.
read pdino 's post above.Word so these rich people didn't use poor people to find a way to get approved for more space in their building while being able to keep the two separate? Class war hawk, right.
a simple Google search can provide you with this article: http://money.usnews.com/money/perso...ou-fall-in-the-american-economic-class-system, the answer to your question is in thete. It's a little old but it's most likely not too far off from today's numbers.But yet I'm still looked at as low income to those who make more than me. So what's high class?
read pdino 's post above.Word so these rich people didn't use poor people to find a way to get approved for more space in their building while being able to keep the two separate? Class war hawk, right.
"Extell's proposalwas approved under the cities inclusionary housing program, which allows developers to use more square footage than they'd ordinarily be allowed to -- provided they set aside some units in their building for affordable housing. For doing so, developers also receive millions in tax breaks.
What the ordinance means is that developers CAN build larger properties if they include affordable housing as part of the project. Seems perfectly reasonable to me since many who live in New York work for little more than minimum wage and developers NEED an incentive to build ANY housing that is affordable since the profit margins on such properties are MUCH lower.
no. Not that one. This one:This post?
Talking about developers need incentive like the city came to developer and ask them to build these apartments for low income tenants. No the developers needed a loophole so they get everything they want while using low income people to do it
^ 100 residents paying 10k/month = 1 million/ month
VS
50 residents paying 10k + (low income) 50 residents paying 1k = 550,000$/month
The tax breaks are made to allow the building owner to financially afford to house both low income and high income residents, not allow them to build an empire and take over NY.
If there is no incentive, the building owner will not provide affordable housing for the low income out of the goodness of their hearts, because they will lose money.
no. Not that one. This one:
"In areas where the Inclusionary Housing Program is applicable, a zoning bonus allows increased floor area for multiple dwelling developments in return for the new construction, substantial rehabilitation, or preservation of permanently affordable housing. The Program is designed to preserve and promote affordable housing within neighborhoods where zoning has been modified to encourage new development.""Luxury builders get credits to use up more square footage than they normally could by promising to build affordable units as well. Those developers can then sell the credits to cover the costs of building the low-income housing."
So essentially developers get these credits to build larger luxury Condos to their liking & use the remaining space to build the "affordable housing" units all while not even having to cover construction cost.
So to sum this up developers
1) Pay their own money to build a luxury condo
2) the city gives them credits to expand the territory
3) they use those credits as a mean to gain more square footage for the overall luxury apartments and use the rest to fully complete the "affordable housing"
So i ask where is their loss on this.
3) They expand the territory either way
Is your issue with the gov't program or the building owner?
The developers needed a loophole so they get everything they want while using low income people to do it
These articles are only telling half the story and play on how knee-jerk some of you libtards are
The luxury building is a condo, the affordable building is a rental, these never share entrances, luxury or not.
Part of the deal with affordable housing does not include providing residents with million dollar river views, doorman and concierge. Perhaps if you want those amenities, pay for it like everyone else has to.