.@kimmaicutler I guess my Q is: is it the same kind of problem when low-income n'hoods say no more housing as when high-income n'hoods do?
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definitely not. It's *very* different. Wealthy neighborhoods (w higher property ownership rates) have less displacement risk.
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@kimmaicutler what about larger challenge of more housing (which could lower $ citywide) raising local $, so doesn't get built... -
in the Bay Area this is such an impossible conversation.
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having ditched the Mission for Inwood, I apparently get to watch this happen all over again. ASK ME ABOUT MY ALBATROSS.
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cheap capital is gonna cheap capital.
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@kimmaicutler so higher $ citywide... so eventually housing pressure comes to Inwood, etc....Thanks. Twitter will use this to make your timeline better. UndoUndo
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Assuming that the 421-a tax abatement comes back, it'll be 75% market, 25% below-market.
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If it doesn't come back, nothing will be built (rentals in NYC don't pencil w/o abatement given...
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my neighborhood :(
Thanks. Twitter will use this to make your timeline better. UndoUndo
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