Tuesday Links
Green-Wood Cemetery. Photo by zsenya. Average Brooklynite Earns $742/Week; Average Manhattanite, $2,821 [NY Post] Ousted Arabic School Principal Files Federal Lawsuit [NY Post] Sunset Park Landlord Tries to Force Out Renters [NY Daily News] Marty Keeps Off Extra Pounds After Coronary [NY Daily News] Poll: Support For Congestion Pricing Falling [NY Sun] State Sen. Kruger…
Green-Wood Cemetery. Photo by zsenya.
Average Brooklynite Earns $742/Week; Average Manhattanite, $2,821 [NY Post]
Ousted Arabic School Principal Files Federal Lawsuit [NY Post]
Sunset Park Landlord Tries to Force Out Renters [NY Daily News]
Marty Keeps Off Extra Pounds After Coronary [NY Daily News]
Poll: Support For Congestion Pricing Falling [NY Sun]
State Sen. Kruger Opposes Coney Plan [Brooklyn Eagle]
Breathing Easier in 2030 and Beyond [Gotham Gazette]
Quality and value are proportional to owner-occupancy, 2:34. So internal downard price pressures will combine with those of the market at large. The rental bubble will also deflate as more and more of these failed projects are converted to the rental inventory.
So what happens when some of these new condos (such as one discussed the other day) are 40% sold and the sponsor puts the other 100 units on the rental market. It won’t be just one building either. The new construction (Oro, Forte, Smith) haven’t even strated closings.
“People this thing is getting real nasty.”
you better go have a doctor take a look then…