Posted on 10/25/2007 9:22:42 AM PDT by syriacus
One of the lessons we have learned in newspaper work is the importance of the long view. It often takes dozens of editorials, written over years, to get a law passed.
We thought of that yesterday when we read a headline in the Daily News, "Feds eye bldg. sale at housing projects." The news was that the regional administrator of the federal department of Housing and Urban Development, Sean Moss, said the New York City Housing Authority should consider selling some of its buildings in the city's expensive neighborhoods.
It's an idea this paper and its columnists have been pushing for five years.
(Excerpt) Read more at nysun.com ...
America’s Trillion-Dollar Housing Mistake The Failure of American Housing Policy, by Howard Husock, (October 2003 / Urban Affairs, Housing Policy)
Condos/coops in Manhattan go for about $1,000/sq ft these days.Rehab the project complexes and see what happens!
Sounds to me the ‘those rich’ people want what ‘those poor’ people have.....
According to the article, the plan is to give the projects to the tenants as condos and allow them to sell at market price.
As the Sun’s linked editorial says, “Paupers to Millionaires”.
oops!! thanks - I usually read the article but as you can see in this case I did not!! shame on me!
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