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Luxury Buildings in NYC...why do they always have weirdly poor people in them?

like people who would belong in Harlem? I'm talking super ni...
\'\'\"\'\'\'\"\'\'\'\"\'
  05/13/25
set asides for the poor
CapTTTainFalcon
  05/13/25
"luxury" sometimes isnt.
...,,..;...,,..,..,...,,,;..,
  05/13/25
Because NYC requires a certain % be rented at a steep discou...
.,.,....,.,.,.,:,,:,....,:::,....,:,.,.:...,:.::,
  05/13/25
does this mean EVERY luxury building will have this in NYC?
\'\'\"\'\'\'\"\'\'\'\"\'
  05/13/25
Yup. Better to be poor than rich.
88022
  05/13/25
i think "requires" = you get a tax subsidy if you ...
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  05/13/25
80/20
"""""""'
  05/13/25
This is one of the more bizarre rules that ever became perva...
........,,,,,,......,.,.,.,,,,,,,,,,
  05/13/25
I knew a wily old developer in middle America who would meet...
state your IQ before I engage you further
  05/13/25
i live next to one of these people
metaphysics is fallow
  05/13/25
Don’t out me bro
.,.,....,.,.,.,:,,:,....,:::,....,:,.,.:...,:.::,
  05/13/25
Isn’t this Rent Control
cowgod
  05/13/25
...
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  05/13/25
...
.,.,...,..,.,.,:,,:,...,:::..,.,:,.,.:.,:.,:.::,.
  05/13/25


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Date: May 13th, 2025 8:47 PM
Author: \'\'\"\'\'\'\"\'\'\'\"\'

like people who would belong in Harlem? I'm talking super nice buildings in lower Manhattan, too

(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2#48928355)



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Date: May 13th, 2025 8:49 PM
Author: CapTTTainFalcon

set asides for the poor

(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2#48928358)



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Date: May 13th, 2025 8:51 PM
Author: ...,,..;...,,..,..,...,,,;..,


"luxury" sometimes isnt.

(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2#48928370)



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Date: May 13th, 2025 8:53 PM
Author: .,.,....,.,.,.,:,,:,....,:::,....,:,.,.:...,:.::,


Because NYC requires a certain % be rented at a steep discount to low income minorities

(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2#48928377)



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Date: May 13th, 2025 9:36 PM
Author: \'\'\"\'\'\'\"\'\'\'\"\'

does this mean EVERY luxury building will have this in NYC?

(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2#48928464)



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Date: May 13th, 2025 9:37 PM
Author: 88022

Yup. Better to be poor than rich.

(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2#48928467)



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Date: May 13th, 2025 10:40 PM
Author: .,..,..,.,,..,..,,,,,,,,..,...,.,.,.,


i think "requires" = you get a tax subsidy if you do it, but it's so large it's functionally the same as required.

(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2#48928587)



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Date: May 13th, 2025 9:10 PM
Author: """""""'

80/20

(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2#48928427)



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Date: May 13th, 2025 10:37 PM
Author: ........,,,,,,......,.,.,.,,,,,,,,,,


This is one of the more bizarre rules that ever became pervasive.

The only reason it makes some sense is because you do't want too many poor people congregating in one building. But why do certain poor people win a literal lottery to get to live with rich people?

Its also funny because developers are always trying to find ways like building separate entrances to get away from it as much as possible.

Worst part of NYC laws is that so many apartments are income restricited, but you still need an enormous down payment to buy one - so literally only kids with rich parents are able to have the down payment but be below the income restriction.

(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2#48928584)



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Date: May 13th, 2025 10:45 PM
Author: state your IQ before I engage you further

I knew a wily old developer in middle America who would meet the low income set asides by developing a pipeline of clergy to rent those units

(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2#48928597)



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Date: May 13th, 2025 9:13 PM
Author: metaphysics is fallow

i live next to one of these people

(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2#48928430)



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Date: May 13th, 2025 9:49 PM
Author: .,.,....,.,.,.,:,,:,....,:::,....,:,.,.:...,:.::,


Don’t out me bro

(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2#48928482)



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Date: May 13th, 2025 9:50 PM
Author: cowgod ( )

Isn’t this Rent Control

(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2#48928486)



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Date: May 13th, 2025 10:23 PM
Author: .,.,...,..,.,.,:,,:,...,:::..,.,:,.,.:.,:.,:.::,.




(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2#48928562)



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Date: May 13th, 2025 11:38 PM
Author: .,.,...,..,.,.,:,,:,...,:::..,.,:,.,.:.,:.,:.::,.




(http://www.autoadmit.com/thread.php?thread_id=5724653&forum_id=2#48928824)