Gothamist: Stuyvesant Town-Peter Cooper Village Sale Questions

payday loans

Fri, 05 Jan 2007 01:55:40 -0500

Marvelous. Thanks, will spread this among my friends!

student loans

Thu, 04 Jan 2007 23:30:36 -0500

Marvelous. Thanks, will spread this among my friends!

jewelry

Tue, 26 Dec 2006 20:54:42 -0500

Marvelous. Thanks, will spread this among my friends!

Nancy Evans

Fri, 01 Sep 2006 13:16:41 -0500

I grew up in Stuyvesant Town (born in the mid-1950's) and moved to Florida in 1989. I've been back since, visiting my parents (both now deceased). Anyway, I'm saddened to see what's happening to the "vision" of Stuyvesant Town. I never liked it as a kid; I always wanted to live in the suburbs like my relatives, so I was one of those kids who used to walk and sit on the grass and get in trouble by the guards. Anyway, it was only when I grew up and had kids that I could appreciate the oasis that it was. Yes, architecturally it is oppressive, but it is an oasis, due to all the trees and grass. It was my parent's answer to the suburbs, while still living close to their jobs. Anyway, the vision of housing for the middle class is a noble one, and that ended there long ago. There is another fallout from this that I have not seen addressed. Here in Florida, our real estate values have been skyrocketing, both in my county and elsewhere. It's come to be so bad, that businesses are suffering, because workers cannot afford to live in the same county where they work (who wants to commute 2 hours each way?). It's all backfiring because MANY, MANY jobs remain unfilled and services are suffering because of it. It's only going to get worse.

zincink

Thu, 31 Aug 2006 22:39:46 -0500

I've been priced out and outsourced..double whammy. your companies will outsource one day..

zincink

Thu, 31 Aug 2006 22:35:17 -0500

I've been priced out and outsourced. Double whammy. your companies will also outsource one day..

x-new yorker

Thu, 31 Aug 2006 17:27:48 -0500

Forget about it amanda, imo they're going to sell for top dollar and convert the bulk of those units to million dollar (at the least) condos. Areas with green grass, trees, and water are very rare and prized possessions in nyc. Why wouldn't it sell for top dollar?

Amanda

Thu, 31 Aug 2006 17:02:12 -0500

I serisouly hope it is right that the market value won't be too much. i live in peter cooper and love it so much, i dont know how i'll live anywhere else in the city without trees and grass and water so close to home. i love being away from the subways and love not having bars below my windows. i hope they sell cheap

Captain Obvious

Thu, 31 Aug 2006 16:47:35 -0500

This is great news, now all those smelly old people and cripples will leave the neighborhood! Thank our lucky stars!

xnan

Thu, 31 Aug 2006 15:43:41 -0500

If you don't vote, you don't get to bitch or opine (or whine) loudly. Voting is a privilege and the ONLY way to effect any change---locally, at least. So, if you don't show up a week from Tuesday (Sept. 12th) and vote in the primary (and then again in November's election) keep your theories to yourself. There's a twisted little maxim: You only get the government that you deserve. If you don't vote, you deserve nothing!! As for me and the rest of us voters, we can only try to convince others that their precious time & support is worth giving up for the greater good.

Larry

Thu, 31 Aug 2006 14:51:01 -0500

Umm, terrorists blowing up Grand Central Station might impact real estate values, no?

pee piddy

Thu, 31 Aug 2006 14:41:11 -0500

speak for yourself, I'm broke and I vote. I don't care if my voter registration is public record and that's how collectors find me. I still vote.

REALITY CHECK

Thu, 31 Aug 2006 14:08:31 -0500

I wonder how many of you vocal armchair economic theorists are even going to bother to make a difference in they way our government works and vote in the upcoming primary. Wait, I know the answer: ZERO.

just saying

Thu, 31 Aug 2006 12:59:01 -0500

Jersey City Mafia needs to do his homework: the police do not have to live in New York City. The union got that requirement removed years ago. I don't know about teachers or firemen. The various District Attorneys have their own policies. Rob Johnson of the Bronx requires ADAs to live in the city which is ridiculous since they make less than a cop on the force for more than five years and the ADAs aren't allowed to unionize and they don't get overtime. Remember that the next time the mess up a case. As for gashouse redux, recessions do little damage to Wall Street and law firm profits. The first people to go will be the junior analysts. And the higher level people invariably land at boutique firms. And considering many of them paid cash for their property they will be fine. As for inflation, well that would raise interest rates which I already covered. And while I don't condone pricing out the middle class, the middle class would have to pick up and move to another region of the country. If they move to New Jersey and work in Manhattan then it doesn't impact the market at all. I can't speak knowledgably about crime rates but my guess is that a full scale return to the drug turf Fort Apache days is not likely.

lc

Thu, 31 Aug 2006 12:25:20 -0500

When you do the math using $5B for the whole lot, it comes out to about $300+ per square feet. That is reasonable in any large city in the world. In fact, real estate in key cities of even developing countries such as China is closing in on those prices, never mind comparable metropolitan cities. Look at housing cost in London or Paris.

Gashouse Redux

Thu, 31 Aug 2006 12:23:40 -0500

"It's not going to burst in New York unless interest rates rise dramatically." Or...the City has difficulty paying its bills; or companies/employers flee; or the economy suffers from higher inflation and/or recession and/or sluggish growth; or lower-middle-to-middle class families, and singles, are entirely priced out; or CRIME RETURNS. Barring that, no.

peter

Thu, 31 Aug 2006 12:17:30 -0500

Values are pretty much twice as high as they have ever been in the last 115 years. If NY prices dropped back to the level they were in 2000, it'd be a crash, but the prices would still be relatively as high as they have ever been.

Jersey City Mafia

Thu, 31 Aug 2006 12:15:06 -0500

Right now many the junior analysts at investment banks can't even afford to live anywhere in New York City right now...so many of them have moved to Jersey City, Hoboken, Newark etc. And these are people making 60k-100k per year. Unfortunatly police, teachers etc., cannot move to NJ because of residency restrictions. Of course, the whole situation may change if outsourcing hits the financial industry, and you have someone in India who will be a financial analyst for 10k a year, versus 100k here.

just saying

Thu, 31 Aug 2006 12:00:01 -0500

It's not going to burst in New York unless interest rates rise dramatically. As a global city there will always be buyers. And a falling dollar only makes it easier for foreigners to step in and boost the market. The Times had an article last year about the reverse flow of migration back to Ireland. The Irish in America were falling behind economically. And many Irish were scooping up cheap properties here as investments and vacation homes.

RE observer

Thu, 31 Aug 2006 11:37:20 -0500

it's a fascinating question whether anyone has a "right" to live in manhattan, or a neighborhood for that matter. there are no legal protections for suhc rights (although rent control helps), but people value their neighborhoods so highly and will fight to protect them (see atlantic yards).

Brightliner

Thu, 31 Aug 2006 11:30:49 -0500

I was never impressed with the place whenever I passed it and that photo above looks just as depressing. Dark brick monoliths, looking like any of the other projects. This real estate bubble couldn't burst soon enough.