Posted by Provost on July 17, 2001 at 18:52:57:
In Reply to: Re: Vacancy Decontrol Issue posted by chelsea on July 17, 2001 at 07:42:16:
: If vacated apartments are illegally decontrolled and become luxury apartments, the rest of the building and the neighborhood suffer.
So renovating and improving apartments causes the rest of a building and a whole neighborhood to suffer ? Whoose neighborhood ? In my neighborhood, the south bronx, there's been a whole slew of private renovations in the last few years. Neighborhoods have improved tremendously. There's less crime, and new middle class residents, and we're quite happy with that. Yes, the newly renovated apartments rent for higher rents than the old run down apartments (obvious). They've also helped attract people to the neighborhood who never would have considered it before.
So keep your highbrow social theories to yourself, in the real world, renovating apartments and building renewal suits us just fine.
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