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Friday, December 9, 2011
Q & A at Saturday's STPCV Tenants Association Meeting
Part 1; other parts available here.
Just listening to several minutes of answers makes me depressed. If this plan is accepted, that's it for the struggling middle class and certainly "affordability." I think there is no way to look at this plan otherwise. And, yes, for those who wish to make money off their STPCV apartments by flipping them at good profit, you will be able to do so, except you'll pay some extra tax on the deal. Really, this is a plan for STPCV residents who have money or who want to make money. That's the reality. This is surrender on permanent rent stabilization and the affordable rental unit in Manhattan.
I guess the good news is that it may take years for this plan, if it's accepted by the required amount of tenants and by CWCapital, to be activated. So we wait. And worry.