Many years ago I had a friend (Eddie) who would go off on these tangents. The most memorable one was “Fake Estate.” Although he was mostly kidding at the time, who knew it would come true. Fake Estate (as you could tell by the name) was property that didn’t really exist. I am relating this to the condo/luxury housing market, aka Condo Cancer. Don’t get me wrong, there is a lot of Real estate out there, but I don’t think most people have access to it. I was talking to a friend the other night who lives in SoHo. He acknowledged that long are the days of when artists actually lived there, but who actually does? He went onto say that walking around SoHo at night is like being in a ghost town. No one is out on the streets which means very few people are living there. Another friend was commenting on why do all these young people hang out in restaurants and bars that spill onto the street? I said they are probably living in a situation where there are several roommates in a small expensive apartment. In order to get some privacy, they hang out in bars. That’s my take on it.
Here is another article from Curbed. This house is located where I grew up. Ditmas Park was always a very nice area. Glad to see the celebrities are moving back. Hope they get along with the surrounding population. This area is a gated area without gates:
Then we have the park which is being built across the street from my building. They removed 40,000 tons of chromium but apparently not all. The city renamed our neighborhood Berry Lane or something like that. The park will be huge with insufficient parking that will most probably spill over into the neighborhood. Although it close at 10PM, it will not be gated. When I went to a community meeting, the police said that cameras will be installed. This is their solution to managing crime. No cops but they got the guy on camera. It’s interesting to me why such poor urban planning is put into place. A supposed good idea has the potential to go either way. I would be happy if they could just stop and really think this thing out, rather than creating a potential clusterfuck.
Then we have affordable units coming our way. The comments at the end of the article are so dead on:
Well I guess this “globalization” is really catching up to us. It will be interesting to see what happens within the next few years. I can’t see it continuing for very much longer.
Ivan will be back soon. Still a little confused as to the outcome of THE DRONE WARZ.