Thursday, January 15, 2015

Robbie Speyer on Making Cities More Affordable

Yeah, he's a genius at that. Made ST/PCV more affordable when he was in charge here, right?



His solution appears to be to get rid of many landmarked buildings!  New York, you've been warned!

The REBNY is playing young people for suckers...and winning


One of the aims of the REBNY is to get young people into smaller apartments to maximize the profitability of limited space. Make micro-apartments "cool" and you solve your problem because now young renters will accept a shitty living situation and be happy about it!

Case in point. Check this "apartment" out:

http://elitedaily.com/humor/most-pathetic-nyc-apartment-listing-photo/906247/

Then check out the first comment (from someone who lives in Santa Monica!):

>>It's for a young, single person on a budget. It's really not that bad at all. It's clean and keep you safe. Think: minimalist. It's a "micro apartment", which are really in right now.<<

The Mission of the REBNY

This is an important read:

http://www.globest.com/news/12_1026/newyork/development/On-REBNYs-2015-Agenda-Ongoing-Advocacy-354353.html

Just the beginning should alert you:

>>It’s the stated mission of the Real Estate Board of New York “to protect, improve and advance the business of real estate” in the city, and tackling a variety of municipal, state and federal issues has been among the ways it has carried that mission out.<<

Note. The mission of the REBNY is to "protect, improve and advance the business of real estate..." (Emphasis mine.)

And, if you don't know by now, our former disgraced landlord (who introduced dog shit into the complex) is chairman of the REBNY. Here's Robbie Speyer and one his politico friends:


Oh, and the REBNY and Robbie Speyer are pissed off at the landmarking that's around the city, which handicap the BUSINESS of real estate in Manhattan.

Was the New Management Office (Still Not Completed) Really Necessary?


Everyone knew this would be coming.... A flood barrier, protecting lower Manhattan, including Stuyvesant Town/Peter Cooper Village.

http://www.thelodownny.com/leslog/2015/01/task-force-begins-planning-for-335-million-east-river-flood-barrier.html

Monday, January 12, 2015

Market-Rate Tenants ("The New Stabilizers"), You Are Being Played for Suckers

I don't understand why the TA is still hovering around the idea of conversion and actively hoping and working for it. Do you seriously think that CWCapital, in a sale, is going to handicap a potential buyer with conversion nonsense? Don't you think that the best scenario for a seller is to afford the buyer the prospect of doing what the buyer may wish to do with the property?

And take a look at the property, now that the foliage is gone from the trees: THESE ARE THE PROJECTS. Fairly ugly looking, institutional buildings. Despite the gimmicks of an ice rink or an "indoor" basketball court, these projects only make sense if the property is affordable and structured for the working class. Otherwise, only the land is of supreme value, which means that sooner or later, these buildings, with all their old structural problems, are going to be torn down, replaced by modern high towers.

Right now the "New Stabilizers" are paying market-rate prices for a complex that is inhabited more and more by students (herded several into an apartment), where the laundry facilities are mediocre, there's dog shit everywhere, the walkways are cracked, delivery packages are being stolen, and where THERE ARE NO DOORMEN! You are paying for luxury living, but are not living in luxury.

Thursday, January 8, 2015

Approved by the DOB the other day


Maybe it is time to move from NYC.

I've Had Enough! Have You, Too?

Very busy, but in reading what's been happening here--a stabbing leaving someone paralyzed, future MCIs, dog shit all over the place, lack of heat in certain apartments, washing/drying machines broken down--I've had enough! No more Mr. Nice Guy!

To be continued....

Saturday, January 3, 2015

Sublet Your Stuy Town Apartment to College Students


Back in the game. Hope you all had a nice New Year's Eve and Day.

So...while I was on Facebook, I was shocked to see an ad on the right side for subletting one's Stuyvesant Town apartment for free to college students!

Here's the full pitch on NYC COLLEGE RENTALS: http://www.nycollegerentals.com/sublet/

The money quotes: "College students love Stuyvesant Town because of it's [sic] location, safety, atmosphere, amenities and beautiful apartments. There are 53,700+ NYU students alone, and most of them have parent guarantors. All of the renters we recommend to you go through a thorough financial vetting process. Our real estate service is recommended directly by NYU and other top schools to all of their students."