Developing Affordable Housing Ecosystems World Wide
[Continued from yesterday's Part 1.]
Yesterday we saw that David Bistricer, who for more than six months has been trying, with increasing exasperation and apparent desperation, to resuscitate his widely-scorned (albeit not widely analyzed) proposal to buy Starrett City, remove it from Mitchell-Lama regulation.
Time’s running out on your bid, sir
Now he’s made his last throw, [...]
Regarding Starrett City, which followed Stuyvesant Town as the next big-top extravaganza New York City affordable rental sale, a few weeks ago we paged a white knight, and in fulfillment of one of the easier predictions I’ve made recently, at the eleventh hour — really, at five minutes to twelve — in has rushed an [...]
Yesterday we became acquainted with Jenner & Block’s giant pro-bono lawsuit against the New York Pinnacle Group, as reported by the New York Times:
A group of tenants filed a federal racketeering lawsuit against one of the city’s fastest-growing residential landlords yesterday [July 11, 2007 -- Ed.], accusing it of harassment, fraud, rent overcharges and [...]
Rent control, as I’ve posted on many occasions, survives in spite of the fact that there is no economic or public-policy case for it; rather, once rent control is enacted as a short-term political fix, it embeds itself into the society, with ever-more-fierce defenders among its ever-less-market-connected beneficiaries.
I’m defending my right to be here
Meanwhile, [...]
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