Posted on 07/30/2023 2:00:06 PM PDT by ChicagoConservative27
We knew Big Apple public housing is in dangerously bad shape — but it turns out it’s twice as bad as we thought.
New York City Housing Authority officials just revealed the $40 billion estimated in 2017 for the new roofs, pipes and boilers the aging projects need has ballooned to $78 billion.
(Excerpt) Read more at nypost.com ...
Government needs to get out of the housing business.
They’ll eventually get a Fed,gov bailout
Just a reminder, socialism is impossible with a hard currency
The residents tear up those apartments as soon as they are fixed, sell whatever they can tear off for drug money. Then they have NO right to complain about the poor shape those units are in.
78 BILLION??? WTH??? It would be cheaper to just bulldoze the housing stock and let private companies rebuild there.
Deep State doesn’t like competition.
Just to see how stupid this is, get out your calculator.
$78 Billion divided by 330,000 residents comes out to over $235,000 per resident.
We could buy a family of 4 a $950,000 house for the same money...
When do the rest of us get the privilege of footing NYC’s bills again?
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