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  #3121  
Old Posted Jun 13, 2019, 12:19 AM
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  #3122  
Old Posted Jun 13, 2019, 12:52 AM
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NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.

Last edited by NYguy; Jun 13, 2019 at 1:03 AM.
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  #3123  
Old Posted Jun 13, 2019, 2:50 PM
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That article was posted before, but as for as the comments, it's exactly as expected, nothing telling or surprising about it at all there. Luxury will ALWAYS be a part of New York City. People will always resent that. Nothing changes.
I didn't see much evidence of "resentment" in the reader comments, though open displays of extreme wealth seem more evident these days than in past recent times -- whether it's luxury cars, mansions, or high-rise apartments.

Many people are rightfully troubled that, other than as an architectural curiosity, the super-tall condos add little if anything to the fabric of the city. This is especially egregious when the units are used mainly as a cottage (or simply an investment) by people who have no interest or ties to the neighbourhood or the city more generally. This is obviously not exclusively a New York problem -- just look at what's happening in London, Toronto, Vancouver, and other desirable (and very expensive) cities.
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  #3124  
Old Posted Jun 13, 2019, 3:35 PM
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I didn't see much evidence of "resentment" in the reader comments, though open displays of extreme wealth seem more evident these days than in past recent times -- whether it's luxury cars, mansions, or high-rise apartments.
It only seems more evident to people who haven't been paying attention. That attitude itself is more popular or evident these days due the things like social media, or the internet in general where things are more broadly discussed. Everyone these days can voice an opinion on anything. But if you've been paying attention all along, nothing has changed. It's not as if the wealthy have suddenly discovered New York. And it's also not as if Billionaire's Row would have been East Tremont in the Bronx.



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Many people are rightfully troubled that, other than as an architectural curiosity, the super-tall condos add little if anything to the fabric of the city.

Also untrue. If there is anything that symbolizes New York other than it's skyline, I don't know what it is. Even the Statue of Liberty is more a symbol of America, though obviously an icon of New York. But it is that awesome skyline, that attitude of building up, that had distinguished New York from other cities.


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This is especially egregious when the units are used mainly as a cottage (or simply an investment) by people who have no interest or ties to the neighbourhood or the city more generally. This is obviously not exclusively a New York problem -- just look at what's happening in London, Toronto, Vancouver, and other desirable (and very expensive) cities.

Another ridiculous notion. These super slender skyscrapers have extremely small footprints. As I've always said, you could lay these skyscrapers horizontally, and more of the city would be lost. People seem to think that these super tall slender skyscrapers are the only places where the wealthy can and will spend their money, which is far from the truth if they actually paid attention to those sort of things. And New York is a global city, people come from around the world. To say the rich won't spend their money on anything else in the city is ridiculous to say the least.

Furthermore, not all of the super-tall slender skyscrapers are for the super rich. 45 Broad Street downtown certainly isn't, and at the supertall residential that will alter the skyline the most - 9 DeKalb - 30% of the rentals will be affordable housing, meaning that tower alone will have over a hundred units of affordable housing. So the idea that these towers are changing New York for the worse is just one that exists in some people's minds. As I've said, the rich have always been in New York, and always will be.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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  #3125  
Old Posted Jun 13, 2019, 5:48 PM
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Actually I have been paying quite close attention...and the facts are clear: The very rich are indeed getting richer while everyone else is falling behind. And Trump's massive tax cut for the wealthy only exacerbates growing income inequality.

Some facts to chew on for anyone who thinks "nothing has changed."

Last edited by jitterbug; Jun 13, 2019 at 6:09 PM.
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  #3126  
Old Posted Jun 13, 2019, 6:18 PM
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Actually I have been paying quite close attention...and the facts are clear: The very rich are indeed getting richer while everyone else is falling behind. And Trump's massive tax cut for the wealthy only exacerbates growing income inequality.

Some facts to chew on for anyone who thinks "nothing has changed."
Who cares? Is your life noticeably worse in the last few years? Who gives a damn if people are good at making money.
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  #3127  
Old Posted Jun 13, 2019, 6:28 PM
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Who cares? Is your life noticeably worse in the last few years? Who gives a damn if people are good at making money.
Lol. In my little part of the world, people are struggling so bad across all income ranges that the suicide and drug overdose rates are skyrocketing. Keep living in your little bubble
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  #3128  
Old Posted Jun 13, 2019, 6:34 PM
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Who cares? Is your life noticeably worse in the last few years? Who gives a damn if people are good at making money.
Well, no. I live in Canada, which by US standards is a so-called socialist country -- and proud of it. But sadly, many Americans are not so lucky...and lower life expectancy, lower literacy levels, and higher violent crime rates in America are just a few of the more obvious symptoms that the less-fortunate have to contend with each day. Perhaps you don't care about your fellow citizens, but there are many of us who do (even across the border). Human dignity need not be limited to only the privileged few.

As for people being "good" at making money, well, I do give a damn about how they actually made the money, and for good reason. Stock market speculators (and their ilk) don't actually generate any real wealth for the economy, since they don't produce anything. What they actually do is diminish wealth that should rightfully be distributed among those who produce it (and who will spend most of it on needed products and services).

Last edited by jitterbug; Jun 13, 2019 at 6:55 PM.
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  #3129  
Old Posted Jun 13, 2019, 7:53 PM
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^Wow.

Speculators DO produce. They put forth an investment which generates the capital to expand, build factories, hire more workers, etc.

In your utopia who does the "distributing" of monies? A big government with guns and threats of prison, right? Sounds rather frightful to me. In this country, there is no such thing as "rightful distribution", considering it's a free society. You should drop the disgusting notion of "distribution" in favor of free people being *free* to *EARN* as much as they see fit.

In my little part of the world, everyone who wants a job is working. There's as much overtime work available as one would want. The union halls are at full employment and there are far more projects out there than contractors to do them. Not to mention margins are the highest they've been in over a decade.
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  #3130  
Old Posted Jun 13, 2019, 8:12 PM
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^Wow.

In this country, there is no such thing as "rightful distribution", considering it's a free society.
Are you saying you don't pay taxes, and that your tax rate is not based (in part) on how much you earn? That's called redistribution of wealth -- all so you can drive on paved highways and bridges, drink clean water, enjoy national treasures like monuments and parks, feel protected by your military and local police, and have a firefighter rescue you from a burning building. It may not be "socialism" but these are all elements of it -- paying it forward for the common good.
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  #3131  
Old Posted Jun 13, 2019, 9:14 PM
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Many people are rightfully troubled that, other than as an architectural curiosity, the super-tall condos add little if anything to the fabric of the city.
Uh, no. They're NIMBYs who hate all development.

If they were around when the ESB and Chrysler went up they would have the exact same complaints. Perhaps worse, because those buildings were gigantic for the time, and on bigger footprints, were initially largely empty, and both replaced gorgeous landmarks.
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This is especially egregious when the units are used mainly as a cottage (or simply an investment) by people who have no interest or ties to the neighbourhood or the city more generally.
This is untrue. These units are mostly occupied by locals.

But if it were true, and it was nothing but foreigners, who cares? We're supposed to be opposed to buildings if they aren't using city services? Shouldn't we be happy? Doesn't that make for a more prosperous city? Aren't you happy that foreigners are paying for hundreds of units of mandatory inclusionary housing elsewhere in the city that otherwise wouldn't exist?
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This is obviously not exclusively a New York problem -- just look at what's happening in London, Toronto, Vancouver, and other desirable (and very expensive) cities.
You're mixing up all kinds of stuff. What's happening in London is different from what's happening in Vancouver, which is different than what's happening in NYC. I don't think this thread is the place to correct all your misconceptions, but in short Vancouver is just parked Chinese wealth and London has very favorable domicile laws. NYC doesn't have either issue.
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  #3132  
Old Posted Jun 13, 2019, 9:47 PM
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Originally Posted by jitterbug View Post
Actually I have been paying quite close attention...and the facts are clear: The very rich are indeed getting richer while everyone else is falling behind. And Trump's massive tax cut for the wealthy only exacerbates growing income inequality.

Some facts to chew on for anyone who thinks "nothing has changed."
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Originally Posted by uaarkson View Post
Lol. In my little part of the world, people are struggling so bad across all income ranges that the suicide and drug overdose rates are skyrocketing. Keep living in your little bubble
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Originally Posted by jitterbug View Post
Well, no. I live in Canada, which by US standards is a so-called socialist country --


This is exactly why I don't get involved in these wasteful discussions, and try to keep the threads clear and on topic. Nothing you've said is specific to 111 W. 57th or "billionaire's row", or even New York. You're just someone who wanted to go off on a tangent about something else. But that's enough of that, as we can now see, you've already derailed this thread and wasted enough of our time.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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  #3133  
Old Posted Jun 14, 2019, 1:57 PM
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NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.

Last edited by NYguy; Jun 14, 2019 at 2:27 PM.
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  #3134  
Old Posted Jun 15, 2019, 3:20 PM
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NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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  #3135  
Old Posted Jun 16, 2019, 2:18 PM
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Wow. One57 getting absolutely dwarfed on both sides already.
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  #3136  
Old Posted Jun 16, 2019, 3:54 PM
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NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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  #3137  
Old Posted Jun 16, 2019, 10:36 PM
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NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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  #3138  
Old Posted Jun 17, 2019, 5:01 AM
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NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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  #3139  
Old Posted Jun 17, 2019, 12:58 PM
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are we on the very last section of the crown?

can someone post a schematic that can show where exactly, if there is one?
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  #3140  
Old Posted Jun 18, 2019, 1:02 AM
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Has it reached 400m?
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