New York City Real Estate | NYC, NYNew York City Real Estate | NYC, NYNew York City Real Estate | NYC, NYNew York City Real Estate | NYC, NY
  • ABOUT
    • ABOUT SCOTT
    • ABOUT THE TEAM
    • PRESS
  • BUYERS
  • SELLERS
  • VIDEOS
  • LISTINGS
  • JOIN OUR TEAM
  • BLOG
  • CONTACT
  • CALL SCOTT NOW

A few additional thoughts on Bill DeBlasio

    Home Newsletter A few additional thoughts on Bill DeBlasio
    NextPrevious

    A few additional thoughts on Bill DeBlasio

    By admin | Newsletter | Comments are Closed | November 14, 2013 | 0

    Thanks to my associate Barry Herbst for the below:

    What wasn’t covered was that De Blasio was elected Mayor-Elect with approximately 73% of the overall vote, and raked in the majority of donations from New York’s top developers, brokers, and other movers and shakers in the industry. As a result it is clear that the industry as a whole perceive de Blasio to be pro-development and pro-growth, which is a prime way for the City to fill its coffers.
    This is very important- there has been a spurt of new luxury development in Manhattan, and this has been spilling over into Long Island City, Queens and especially Brooklyn. Coupled with the Second Avenue Subway on the Upper East Side of Manhattan, and the complete transformation of Hudson Yards into luxury and chic condo developments and office towers.
    De Blasio is also in favor of growing affordable housing all over Manhattan and the outer boroughs. According to Crain’s Insider (Real Estate Opens Checkbook for De Blasio, 10/28/2013) “Mr. de Blasio has rallied against “luxury condos” being built at the expense of affordable housing.” Likewise, in The Real Deal Magazine’s article “Lhota: Too Little, Too Late,” (11/1/13) “…de Blasio is pushing for “mandatory inclusionary zoning”- which would force, (rather than incentivize) developers to build affordable housing at projects that require city approval.” In addition, the Mayor-Elect “has pledged to build or preserve 200,000 affordable units over the next 10 years.”
    Hopefully the growth of affordable housing will not damper the hot residential real estate market in New York City, and the overflow of foreigners purchasing apartments to use as safety deposit boxes will stay the same, or increase.
    affordable housing, bill deblasio, deblasio, nyc mayor

    NextPrevious

    Recent Blog Posts

    • (VIDEO) Celebrating 150 Years In Residential Real Estate- And my 20th Anniversary, too. January 31, 2023
    • How to Make An Extra $1mm on the Sale of Your Townhouse January 30, 2023
    • What’s Going To Happen To All The Office Space In NYC? January 30, 2023
    • NYC, Manhattan, and The US: A Reversion To The Mean January 30, 2023
    • The Best Lead Measure in The NYC Housing Market Right Now January 30, 2023
    • How To Think About Mortgage Rates Right Now January 30, 2023
    • Are You In, or Are You Out Of New York City? The End Of Ambivalence. December 22, 2022
    • Mortgage Math- How To Spend LESS on Your Mortgage Right Now – What No One Is Telling You December 22, 2022
    • Selling To An Insider Could Cost You $150,000 December 22, 2022
    • The Unintended Consequences Of Higher Loan Limits on “Conforming Loans” November 30, 2022

    Archives

    Call us: (646) 400-0769
    Email us: sharris@bhsusa.com
    Visit us: Brown Harris Stevens
    1926 Broadway
    New York NY 10023

    © 2023 The Harris Residential Team. All rights reserved.
    • About Scott Harris
    • About the Team
    • Press
    • Buyers
    • Sellers
    • Videos
    • Listings
    • Blog
    • Contact
    • Call Scott Now
    • Brown Harris Stevens Fair Housing Policy
    • ABOUT
      • ABOUT SCOTT
      • ABOUT THE TEAM
      • PRESS
    • BUYERS
    • SELLERS
    • VIDEOS
    • LISTINGS
    • JOIN OUR TEAM
    • BLOG
    • CONTACT
    • CALL SCOTT NOW
    New York City Real Estate | NYC, NY