Monday, May 24, 2004
New York, pre-Burst
I've basically been a believer in the power of free markets to regulate themselves.0 comments
However:
NYTimes: For Home Sales, Spring Fever
Oh, yeah, there's a LOT of incentive to build low-to-moderate housing in THIS market, boy...
The mayor and city council basically would have to strap developers on a gurney, and beat them repeatedly with a ballpeen hammer to get them to build anything other than cheaply made high-rises with the "luxury" label slapped on them, in order to jack up the price.
But even after Abu Ghareib-style torture, they'd go right back to selling any cardboard box on the street as modular studio living arrangement. They'd go right back for the money.
This week's New Yorkerv cover is required viewing: This sums up the new gameplan.
Gordon Gecko runs New York.
"Greed is good."
New York is now God's way of telling you that you have too much money.
posted by Gotham 10:51 PM
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