@HistoryBoomer@jessesingal What is missing for me are the actual numbers (sorry if I am literally just missing it). If the district is about 700K and white voters comprise aboir %15 percent, do we know by what margin that 16.9% was needed to win?
@freedaaron Also, one of the buildings highlighted in the article was purchased in 2004 for $315K. In 2005, owners took $1,000,000 mortgage (w/ amendment in 2012)
Did all of the money go to the bldg? Or are some of the current problems unrelated to the stabilization laws/freeze?
@freedaaron Long winded way of wondering whether some/many of the distressed buildings in the Bronx would command high enough rents on the market, if regulation were somehow abolished, to solve the problems.
@freedaaron All of the distressed buildings described in the article are in the Bronx, and, to the extent that those pre-74 buildings are not mixed (some unregulated) it indicates that, unlike in Manhattan/ Brooklyn, the combo of repair/ turnover increase was also relatively low.
@ShabazzStuart 💯 It’s this diversity, this energy that makes NYC so magical & attractive (and which has contributed to making its real estate some of the most valuable on the planet)
@NickyFrank30@mattyglesias But according to the Comptroller’s report, vacancies rose after the 2015/2016 freeze and asking prices remained pretty static until the pandemic …
https://t.co/z0lxnd4wox
@NickyFrank30@mattyglesias How can one disentangle the rent freeze vs. general inflation vs. the 2019 Rent Law vs. the increased popularity of NY vs. private equity or algorithmic rent (or any other favor I am leaving out)?