Luxury Buildings in NYC...why do they always have weirdly poor people in them?
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Poast new message in this thread
Date: May 13th, 2025 8:51 PM
Author: ...,,..;...,,..,..,...,,,;..,
"luxury" sometimes isnt.
(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2).#48928370) |
Date: May 13th, 2025 8:53 PM
Author: .,.,....,.,.,.,:,,:,....,:::,....,:,.,.:...,:.::,
Because NYC requires a certain % be rented at a steep discount to low income minorities
(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2).#48928377) |
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Date: May 13th, 2025 10:40 PM
Author: .,..,..,.,,..,..,,,,,,,,..,...,.,.,.,
i think "requires" = you get a tax subsidy if you do it, but it's so large it's functionally the same as required.
(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2).#48928587) |
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Date: May 13th, 2025 10:37 PM
Author: ........,,,,,,......,.,.,.,,,,,,,,,,
This is one of the more bizarre rules that ever became pervasive.
The only reason it makes some sense is because you do't want too many poor people congregating in one building. But why do certain poor people win a literal lottery to get to live with rich people?
Its also funny because developers are always trying to find ways like building separate entrances to get away from it as much as possible.
Worst part of NYC laws is that so many apartments are income restricited, but you still need an enormous down payment to buy one - so literally only kids with rich parents are able to have the down payment but be below the income restriction.
(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2).#48928584) |
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Date: May 13th, 2025 9:49 PM
Author: .,.,....,.,.,.,:,,:,....,:::,....,:,.,.:...,:.::,
Don’t out me bro
(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2).#48928482) |
Date: May 13th, 2025 10:23 PM
Author: .,.,...,..,.,.,:,,:,...,:::..,.,:,.,.:.,:.,:.::,.
(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2).#48928562) |
Date: May 13th, 2025 11:38 PM
Author: .,.,...,..,.,.,:,,:,...,:::..,.,:,.,.:.,:.,:.::,.
(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2).#48928824) |
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