February 4, 2004
Manhattan Apartment Shortage
The Corcoran says that there are only 6,000 apartments for sale in Manhattan, which is the lowest number in five years. Wall Street bonuses are up, interest rates are down, and, as one realtor says, "Buyers are ready to pounce. They're educated, they're anxious and they want to move quickly." The lack of apartments for sale can only mean one thing: Rents go up. Or that Gothamist should re-look at our plans to build a shanty town in a public park. Either.
According to New York magazine, the Far West Side is the hot new area to live, if you want high design at high prices. We just want the High Line, as seen by tien mao.
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Sign me up for the public park shanty town. If possible, I'd like a water fountain-front property within commuting distance of recycling bins.
You're not supposed to encourage the brokers and landlords by mentioning the word shortage. Now I'll never be able to find a new place.
This is why we need Red Hook.
What a depressing article about the Far West Side. I hadn't realized it wasn't part of the GV Historic District. In the piece they quote people saying they don't want the area to look just like Jersey City across the river but that sounds like what they're doing. Guh, 15-story fancy hi-rise condos? Bummer. There are so many cool old buildings along there, why can't they just be renovated like in Tribeca? Stupid rich people and their stupid richness.
Sorry, I'm grouchy today.