Posted Nov 4, 2015, 4:19 PM
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cle/west village/shaolin
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Join Date: Jul 2006
Posts: 11,910
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Quote:
Originally Posted by Crawford
Actually, this is totally wrong. The low and medium income households in this neighborhood are basically 100% living in rent-regulated housing. So there will be zero displacement.
The only people who could possibly be displaced are those in market rate housing, and the Lower East Side has some of the most expensive market rents in NYC, so it would just be rich folks being displaced by richer folks.
The LES could have nothing but superluxury $200 million apartments, and it could be the most expensive neighborhood on the planet, and it still wouldn't mean a thing in terms of displacing low and medium income residents. Their housing is not subject to the market.
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you would think so, but its not really true. even a long standing jail can be moved out if the powers that be want it out:
http://www.dnainfo.com/new-york/2013...son-draws-fire
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