@paoloredtoblue Sounds like your issue is with the RGB then, not me. Links to their studies where I extracted the numbers. Look for the beige boxes on the left near.
https://t.co/SeH2QWzIVG
https://t.co/IaAjaXqOEO
https://t.co/g1n0ttUz71
@paoloredtoblue My guy you just ask question after question and then when proven wrong with authoritative sources you don’t acknowledge. I’m not doing this again.
@paoloredtoblue Sounds like your issue is with the RGB then, not me. Links to their studies where I extracted the numbers. Look for the beige boxes on the left near.
https://t.co/SeH2QWzIVG
https://t.co/IaAjaXqOEO
https://t.co/g1n0ttUz71
@paoloredtoblue It’s always expensive in NYC. But expenses were up 0.5% as of the 2015 freeze, and they were down 1.2% as of the 2016 freeze. Fast forward to today, expenses are up 5.3%, after 5 straight years averaging 5–6% (a compounded 28%). That’s what I mean by different market environment
@MicheleDalise@anthonyzenkus Pg 10 explains how NOI ≠ profit. Pg 40 shows that for 100% stabilized buildings NOI increased 2.4%, not the 6.4% cited. Page 18 shows how most NOI growth (in the last 3 years measured), it was just clawback from Covid trough. Thoughts? (2/2)
@MicheleDalise@anthonyzenkus Your guys are cherry picking data. Happy to walk through that if anyone actually wants to engage with the substance of a difficult topic
@anthonyzenkus If you have any intellectual integrity you will acknowledge that your post is unintentionally (?) dishonest and will edit it appropriately. Happy to point you to the source data. https://t.co/iUD6U282R0
@anthonyzenkus The 6.2% increase claim is so dishonest.
1. The sample size includes all buildings with at least 1 RS unit (therefore skewed by market rate housing data).
2. The same RGB report shows that 100% stabilized buildings only grew 2.4%.
3. NOI is not profit!
@ceaweaver@loud_socialist Serious developers and investors want regulatory certainty, it’s fundamental to how they think and make decisions about where to invest their capital. Politicians and voters ignore this reality at their own peril
@ceaweaver@loud_socialist Both make it harder for projects to pencil financially. But regulatory risk is just one aspect of their investment decision — some may decide it’s not worth it and they’ll go elsewhere, others may take a different view.