Posted on 06/04/2009 5:21:31 AM PDT by thefactor
The condos couldn't attract buyers in the current housing market. Now they're filling a need for some of the city's "unprecedented" number of homeless families, according to a report in The Daily News.
The apartments in Crown Heights were supposed to sell for $250,000 to $350,000. The amenities include granite countertops, terraces, marble bathrooms and walk-in closets.
(Excerpt) Read more at wcbstv.com ...
should i have put a barf alert?
the contract with the city runs for 10 years. crazy. but you couldn’t pay me to live in that neighborhood.
Why stop there? Lets put them in Williamsburgh and the Lower East Side/East Village to let the Trustafarians who drove all the "diversity" out of said neighborhoods to begin with to share with their "brothers."
They will look like slums in about 6 months,plumbing ripped out,windows busted,littered with empty beer and wine bottles, drug dealers, garbage piled up then they will ask for more handouts.
That's more than our monthly pay.
A similar experiment was tried in the 1970s in Minneapolis where high rise apartment and condos near downtown were developed as a “mixed income” project with luxury units on upper floors and more affordable and subsidized units on lower floors. They quickly evolved into vertical slums locally known as the “crack stacks”.
The Neighbors will be THRILLED!!!!
I heard a news story yesterday that the gov will be taking over foreclosed homes to place homeless, and hurricane Katrina leftovers.
During my father’s funeral, my family and I stayed in a hotel that was housing Katrina refugees. There were fights every night (fortunately we were on a floor higher up) and the lobby always had police coming and going...
So the condos that the neighbors actually bought were worth up to $350K? I’m sorry buyers, but the government has now ruined your investment.
How do those “luxury” homeowners feel about voting for 0 now that their property values just went down the toilet?
+++++++++++++++++++++++++++++++++++++++++++++
Nothing "luxury" at all about Crown Heights. And $350k won't buy any luxry in NYC.
Just take a look at the crime rates in Houston post-Katrina. That will tell the story.
welcome to Obama’s America!
Thinking of the scene from Dr. Zhivago when the state takes over private residences. Do you have any unused bedrooms? The census workers, I mean ACORN workers have their ways of finding out! If they cant make the payments on their own houses, its only fair for you to lend them what you don’t need of yours!
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