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Management has two priorities: 1) Making sure money is made, hence upgrading and filling up apartments is their goal. "Amenities" are important in selling the place, though few residents use them. 2) If someone needs medical attention, Public Safety will be there, if alerted.

Quality of life issues are not that important, however. Things like the carpet rule or outsider dogs. These "rules" tend to be ignored, on purpose it seems. So you will see a lot that isn't taken care of properly, and complaints will be met with a creative excuse and a smile.

"Peace and quiet" must be a cruel joke, though this property is sold that way. There can be no peace and quiet as ALL apartments must be upgraded, which includes the installation of an AC unit below the window. Aside from the continual construction about the neighborhood, there is a new and noisy subway extension being built along East 14 st and the shut down of the L line. "Choosing" to live in NYC, now the newest mantra, is a fabrication when the talk is of ST and PCV, which was traditionally quiet, with no construction noise.

Though money was always important, it is now more important than ever. Money rules many things, as you will find.

At this point, 30 years into living here and seeing many things, I can state that Management and their reps are BS-ing us. I can't say that loudly enough: We are being BS-ed. I don't see any genuine change, though the "selling" of this place continues.

Thursday, January 14, 2010

Financial Scandals to Be Revealed?



One wonders where all this is heading--if properly investigated. Lawsuits, heavy fines, jail time.... Perhaps we are just seeing this start to break apart:

Singapore's www.temasekreview.com, Damon Yeo:

Government Investment Corp (GIC)’s massive S$1 billion loss on their Stuyvesant Town investment is shrouded in much mystery. Before the news of a default broke out, very few outside of the GIC framework actually knew that our national sovereign wealth fund actually had an open position in this upmarket New York real estate. There was no mention of this investment in GIC’s annual report 2008/09 and if you search for “Stuyvesant” on GIC’s official website site, a nil search is returned.

More here.

3 comments:

Anonymous said...

Nice article.

Very nice.

Anonymous said...

I wish those were Robbie's hands in the pic. Robbie by name, Robber by nature. Along with his fat-assed Pa, Jerry, of course.

Anonymous said...

STR, if you really have to have that punch-ugly Rob Speyer kisser displayed on your home page, could you at least superimpose the word "Loser of the Decade" or something similarly appropriate? Any alteration to the disgustingly ugly mug would be an improvement.