Post

Maybe I'm wrong, but it seems to me that NYC's best mayors were middle age & born into the middle class. La Guardia (considered the best) was 52 yrs old, born into a middle-class family.

Makes sense as long as the renovations are carried out properly and within building codes.

How many have actually begun redevelopment and how many were simply ploys to raise the property's value in advance of trying to sell the property?

Just watch out for those weak support columns.

Gee whiz.... imagine that.... Even with a scary democratic socialist at the helm...

Makes an absolute ton of sense to do this. That said, it does need to be done safely.

What are the actual breakdowns? Is it 20% for low income housing, 50% for the middle, and 30% for the rich?

Developers are likely getting them at a good price right now. Not altruism… capitalism.