My NYC Black Folk......Gentrification
- Thread starter Lewis Black
- Start date
These idiots don't even leave their own borough and work bum ass jobs and yet complain about white people with money and careers moving in. These nikkas ain't contributing shyt to the city financially compared to the rich those on UES. All they talk about is "Represent" and "hip hop". Bloomberg don't give a shyt bout those things it aint about money coming in.
the next guy
Superstar
November 2, 2013
The Real Reason to Fear de Blasio
How much does NYC have to fear from the impending de Blasio victory? The FT’s Christopher Caldwell, who also writes for the Weekly Standard, is comfortingly blasé. De Blasio only intends to raise taxes on people making more than $500,000 and he can’t even do that unless the legislature and the governor go along (they may not). The rich, therefore, are not going to flee New York even if the pro-sandinista candidate gets into Gracie Mansion, Caldwell assures us.
Caldwell is probably right that we we need not fear a mass exodus of the rich after de Blaiso wins. For one thing, there is more for rich people in New York than anywhere else. For another, de Blaiso wouldn’t really be at all interested in driving the wealthy plutocrats out of town. Democratic politicians like to excoriate the wealthy in public, but they suck up to in private. De Blasio will go after Wall Street rhetorically while kissing the Don’s ring behind closed doors, so there are few worries of that kind.
Nor is the problem education, per se. As a politician in favor of teacher unions, de Blasio doesn’t like charter schools, so it’s likely that poor kids in New York and their parents could wind up with fewer choices. But if poor schools could destroy New York, the city would have declined into ruins twenty years ago.
One bigger threat that the city could face during a de Blasio mayorship is from the impending end of QE. Since 2008 Wall Street has been floating first on TARP money and lavish bailouts of big banks, and quantitative easing has been a huge boost to the financial industry. At some point, the music will stop, and NY’s tax revenue is likely to take a major hit. Still, a de Blasio administration isn’t going to push the city into immediate bankruptcy.
What is likely to happen is that under his leadership the forces of entropic doom that are gradually wrecking the city’s middle class will gain strength—like a python slowly tightening the coils around its prey. Small businesses will groan under new loads of regulations. They won’t look like tax increases, but they will raise costs and make it harder to start a business or build an existing one. The cost of fixing infrastructure and running the city will grow as the unions claim their pound of flesh. More hidden but ultimately unsustainable costs will be shifted to the future through pension agreements. New York will become more and more a town of financiers, hotel maids and public and quasi-public employees because fewer and fewer normal businesses will be able to make it.
It has the makings of a blue death spiral. As regulations and “pro-poor” policies undermine the climate for most private sector business (manufacturing was largely driven out long ago), the politics will become polarized. The mass of poor, increasingly state-dependent inhabitants—who either work for the government, in government-supported sectors like health care, or survive on government welfare payments— will “vote their pocketbooks” for higher taxes and more entitlements.
The real middle class will be driven out of the city bit by bit, perhaps replaced in part by new waves of immigrants, but they too will head out as soon as they can. The city’s possibilities will continue to narrow as the financial problems get worse. For a while, Wall Street will stand by with innovative debt products (and associated fees); New York will have the most complicated bonds and indentures that its financial wizards can create.
We hope this won’t happen. New York is a wonderful place, and it is more important than ever that cities other than Washington maintain their health, their vigor and their cultural life. But nothing in the de Blasio campaign suggests anything other than an era of quiet as the city slowly wraps itself in a comfy blue coc00n.
[Bill de Blasio photo courtesy of Getty Images]
http://blogs.the-american-interest.com/wrm/2013/11/02/the-real-reason-to-fear-de-blasio/
The Real Reason to Fear de Blasio
How much does NYC have to fear from the impending de Blasio victory? The FT’s Christopher Caldwell, who also writes for the Weekly Standard, is comfortingly blasé. De Blasio only intends to raise taxes on people making more than $500,000 and he can’t even do that unless the legislature and the governor go along (they may not). The rich, therefore, are not going to flee New York even if the pro-sandinista candidate gets into Gracie Mansion, Caldwell assures us.
Caldwell is probably right that we we need not fear a mass exodus of the rich after de Blaiso wins. For one thing, there is more for rich people in New York than anywhere else. For another, de Blaiso wouldn’t really be at all interested in driving the wealthy plutocrats out of town. Democratic politicians like to excoriate the wealthy in public, but they suck up to in private. De Blasio will go after Wall Street rhetorically while kissing the Don’s ring behind closed doors, so there are few worries of that kind.
Nor is the problem education, per se. As a politician in favor of teacher unions, de Blasio doesn’t like charter schools, so it’s likely that poor kids in New York and their parents could wind up with fewer choices. But if poor schools could destroy New York, the city would have declined into ruins twenty years ago.
One bigger threat that the city could face during a de Blasio mayorship is from the impending end of QE. Since 2008 Wall Street has been floating first on TARP money and lavish bailouts of big banks, and quantitative easing has been a huge boost to the financial industry. At some point, the music will stop, and NY’s tax revenue is likely to take a major hit. Still, a de Blasio administration isn’t going to push the city into immediate bankruptcy.
What is likely to happen is that under his leadership the forces of entropic doom that are gradually wrecking the city’s middle class will gain strength—like a python slowly tightening the coils around its prey. Small businesses will groan under new loads of regulations. They won’t look like tax increases, but they will raise costs and make it harder to start a business or build an existing one. The cost of fixing infrastructure and running the city will grow as the unions claim their pound of flesh. More hidden but ultimately unsustainable costs will be shifted to the future through pension agreements. New York will become more and more a town of financiers, hotel maids and public and quasi-public employees because fewer and fewer normal businesses will be able to make it.
It has the makings of a blue death spiral. As regulations and “pro-poor” policies undermine the climate for most private sector business (manufacturing was largely driven out long ago), the politics will become polarized. The mass of poor, increasingly state-dependent inhabitants—who either work for the government, in government-supported sectors like health care, or survive on government welfare payments— will “vote their pocketbooks” for higher taxes and more entitlements.
The real middle class will be driven out of the city bit by bit, perhaps replaced in part by new waves of immigrants, but they too will head out as soon as they can. The city’s possibilities will continue to narrow as the financial problems get worse. For a while, Wall Street will stand by with innovative debt products (and associated fees); New York will have the most complicated bonds and indentures that its financial wizards can create.
We hope this won’t happen. New York is a wonderful place, and it is more important than ever that cities other than Washington maintain their health, their vigor and their cultural life. But nothing in the de Blasio campaign suggests anything other than an era of quiet as the city slowly wraps itself in a comfy blue coc00n.
[Bill de Blasio photo courtesy of Getty Images]
http://blogs.the-american-interest.com/wrm/2013/11/02/the-real-reason-to-fear-de-blasio/
November 2, 2013
The Real Reason to Fear de Blasio
How much does NYC have to fear from the impending de Blasio victory? The FT’s Christopher Caldwell, who also writes for the Weekly Standard, is comfortingly blasé. De Blasio only intends to raise taxes on people making more than $500,000 and he can’t even do that unless the legislature and the governor go along (they may not). The rich, therefore, are not going to flee New York even if the pro-sandinista candidate gets into Gracie Mansion, Caldwell assures us.
Caldwell is probably right that we we need not fear a mass exodus of the rich after de Blaiso wins. For one thing, there is more for rich people in New York than anywhere else. For another, de Blaiso wouldn’t really be at all interested in driving the wealthy plutocrats out of town. Democratic politicians like to excoriate the wealthy in public, but they suck up to in private. De Blasio will go after Wall Street rhetorically while kissing the Don’s ring behind closed doors, so there are few worries of that kind.
Nor is the problem education, per se. As a politician in favor of teacher unions, de Blasio doesn’t like charter schools, so it’s likely that poor kids in New York and their parents could wind up with fewer choices. But if poor schools could destroy New York, the city would have declined into ruins twenty years ago.
One bigger threat that the city could face during a de Blasio mayorship is from the impending end of QE. Since 2008 Wall Street has been floating first on TARP money and lavish bailouts of big banks, and quantitative easing has been a huge boost to the financial industry. At some point, the music will stop, and NY’s tax revenue is likely to take a major hit. Still, a de Blasio administration isn’t going to push the city into immediate bankruptcy.
What is likely to happen is that under his leadership the forces of entropic doom that are gradually wrecking the city’s middle class will gain strength—like a python slowly tightening the coils around its prey. Small businesses will groan under new loads of regulations. They won’t look like tax increases, but they will raise costs and make it harder to start a business or build an existing one. The cost of fixing infrastructure and running the city will grow as the unions claim their pound of flesh. More hidden but ultimately unsustainable costs will be shifted to the future through pension agreements. New York will become more and more a town of financiers, hotel maids and public and quasi-public employees because fewer and fewer normal businesses will be able to make it.
It has the makings of a blue death spiral. As regulations and “pro-poor” policies undermine the climate for most private sector business (manufacturing was largely driven out long ago), the politics will become polarized. The mass of poor, increasingly state-dependent inhabitants—who either work for the government, in government-supported sectors like health care, or survive on government welfare payments— will “vote their pocketbooks” for higher taxes and more entitlements.
The real middle class will be driven out of the city bit by bit, perhaps replaced in part by new waves of immigrants, but they too will head out as soon as they can. The city’s possibilities will continue to narrow as the financial problems get worse. For a while, Wall Street will stand by with innovative debt products (and associated fees); New York will have the most complicated bonds and indentures that its financial wizards can create.
We hope this won’t happen. New York is a wonderful place, and it is more important than ever that cities other than Washington maintain their health, their vigor and their cultural life. But nothing in the de Blasio campaign suggests anything other than an era of quiet as the city slowly wraps itself in a comfy blue coc00n.
[Bill de Blasio photo courtesy of Getty Images]
http://blogs.the-american-interest.com/wrm/2013/11/02/the-real-reason-to-fear-de-blasio/
Something tells me these guys are pro republican.
Not true breh, I do real estate and literally ALL of the new developments whether it be in midtown, Bowery, DUMBO, or even Fort Greene etc, all sell AT ASKING within a month.
A couple even sell over asking.
The things that sit or get discounts are the few cases where a private owner sets an astronomical asking just cause.
filial_piety
Banned
I moved out of Fort Greene about 6 years ago...I was priced out of the area right across from the park and Brooklyn Hospital on Dekalb...
But where the hell are people getting the money for these asking prices? There can't be that many high priced awyers, bankers and doctors there.
It's the cacs over the hype, going deeper into Brooklyn. Like the ones in DUMBO came from TriBeCa. The ones in fort greene/clinton hill I find came over from Brooklyn Heights, Cobble Hill.
So they fork over the money easy, cause regardless it's still a discount from where they came.
Over time that neighborhood now builds an expectation and natives get priced out.
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tremonthustler1
aka bx_representer
I was watching Hookers at the Point a couple of days ago.
It's crazy how shyt done changed (this is one of things I'm kinda glad gentrification is pushing out). They're painting over all the old murals out there. The city's really tryna switch up Hunts Point and make it better. It's gonna be hard with no subway or real bus service in the deep part of that area. It's all industrial.
It's crazy how shyt done changed (this is one of things I'm kinda glad gentrification is pushing out). They're painting over all the old murals out there. The city's really tryna switch up Hunts Point and make it better. It's gonna be hard with no subway or real bus service in the deep part of that area. It's all industrial.
Carolina Slim
Superstar
http://www.nydailynews.com/new-york/brooklyn/manhunt-gunman-east-williamsburg-article-1.1512828
I read this article and started feeling some kinda way.... That's my old hood, I was like "That's BUSHWICK, not "East Williamsburg"
But who knew these hipsters really busting their guns in the hood.....
I read this article and started feeling some kinda way.... That's my old hood, I was like "That's BUSHWICK, not "East Williamsburg"
But who knew these hipsters really busting their guns in the hood.....
http://www.nydailynews.com/new-york/brooklyn/manhunt-gunman-east-williamsburg-article-1.1512828
I read this article and started feeling some kinda way.... That's my old hood, I was like "That's BUSHWICK, not "East Williamsburg"
But who knew these hipsters really busting their guns in the hood.....
I work in the control room of a news station and everybody's like... isn't that Bushwick?
ogc163
Superstar
yeah, the bronx is starting to feel it. I see the change in Hunts Point. Even seen a sprinkle around third ave and 149th
Captain Crunch
Veteran
ogc163
Superstar
@88m3 http://newyork.craigslist.org/brx/abo/4198669238.html
BEAUTIFUL UP AND COMING GENTRIFYING NEIGHBORHOOD IN THE NORTHWEST BRONX
BEAUTIFUL UP AND COMING GENTRIFYING NEIGHBORHOOD IN THE NORTHWEST BRONX