The hottest NYC trend: luxury condos next to housing projects!



The New York Times had an article about an exciting luxury building being built which will be sandwiched between the East Side Highway on one side and several large housing projects on the other--and everyone's just fine with that!

More than a half-dozen developers have already planted their stakes near public housing in places including Red Hook in Brooklyn, the Lower East Side of Manhattan and Mott Haven in the South Bronx. In the hopes of securing cheaper land in a city where lots at any price are growing scarce, they are ignoring taboos against living near public housing and venturing into areas once considered unprepossessing and even dangerous.

Once considered dangerous. Now considered... quite safe!

“They were isolated in the past, and a lot of that had to do with the perception of crime,” said Keith Rubenstein, the managing principal of Somerset Partners, a development firm. “That perception became more pronounced because there was so little interaction with these developments.”

That is “an outdated way of thinking,” said Mr. Rubenstein, who is planning a pair of market-rate developments by public housing developments in Mott Haven, a neighborhood where more than 14,000 people call public housing home.

There is no crime, only perceptions and outdated thinking! By the way, do you think Mr. Rubenstein himself lives across the street from a housing project, or do you think he is a victim of his own outdated thinking?

Public housing is certainly not crime-free. Certain complexes have slightly higher crime rates than their neighborhoods as a whole, police data shows.

Only slightly higher! Barely measurable! It's probably like one extra jaywalker a month. Who would even notice?

“People who are living in lower-income housing are not necessarily people who are committing crimes," said Charles R. Bendit, the co-chief executive of Taconic Investment Partners, a development firm

Here's a link to the crimes not necessarily being committed in and around housing projects. And another one. And another one. But remember, these are all merely perceptions mixed in with a few statistics.

Among the first luxury buildings to breach the public housing no-go zone was the Caledonia, a condo-rental hybrid in Manhattan... separated by a na

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The fake and real reasons Obamacare premiums are increasing 40% or more


Health insurance companies are requesting rate increases of 40% or more. I'm old enough to remember when businesses didn't have to request the government's permission to increase prices. They just raised prices as they wished, without getting the approval of a political commissar or a five year planning board! However, in those days, we had more of a free market, so if a company raised prices too high, its sales went down as customers went to lower prices competitors. There actually was a natural check on higher prices that didn't involve government intervention. The free market setting prices: that sounds so weird and old fashioned now, doesn't it?
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Reruns of the old TV show "The Dukes of Hazzard" has been banned by TV Land. Dukes features two southern rural cousins (who happen to be heterosexuals) named Bo and Luke Duke, who live on the very edges of the law with their cousin Daisy Duke and their Uncle Jesse. The problem starts with their car, called the "General Lee", which has a horn that plays "Dixie" and a Confederate flag on top of the car.
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