NEW YORK | 262 Fifth Ave | 860 FT | 60 FLOORS

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Yes and its clear you dont understand the housing crisis is about rentals and not condos, of which this building is strictly condos.

Makes so much sense to just try to denigrate someone because you dont want to respond to them when i didnt write anything that didnt make sense and even went the length to try to explain something.

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What are you even talking about?

A normal building in this location half as tall with more (less “luxurious”) units would generate more tax revenue. Are you going to spam the skyline with dozens of pencils like this because they generate a “revenue” you can easily outperform by building shit that’s actually in demand?

Furthermore, the vast majority of these units still lack buyers - which is why construction is dragging on, but Mr. Expert here knows everything.

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These condos can easily be rented out, therefore acting as “rental apartments”

You don’t understand real estate 101, despite your engineering bona fides.

Crazy.

Why are their equivalents in 432 Park Avenue and all the other pencils sit vacant then? Shoulda woulda coulda :man_facepalming::zzz:

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And you dont understand that not all condos can be rented out due to landlord requirements.

Though that still doesnt contribute to the fact that you believe these expensive condos factor into the housing crisis, which they dont regardless of ones knowledge of real estate or not.

Also engineering and real estate are 2 completely different fields.

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Not to worry Mr. Empire State Building - we can still see you just fine…. :rofl:

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lol. Do you brush your teeth with cobs of corn?

You don’t understand real estate or economics.

You do understand engineering.

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No it isn’t…
First time homebuyers and overall homeownership are also affected by the lack of condos being built. Sure, there are million dollar luxury units but not every condo has to be like that.

Condos still dont positively benefit the housing crisis overall, I feel like we’re all talking about the same thing but just talking past one another.

The point I’m mainly trying to make is that these expensive condos don’t factor into the housing crisis in that they have a negative affect on it. They do factor yes because they are housing but they dont factor positively in the overal crisis. I agree that not as expensive condos unlike this one and those on 57th st do contribute to the housing shortage, but this one does not fall into that category.

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Housing crisis aside, is it worth destroying our cities with objectively horrendous towers that don’t even attempt to integrate with the city just for the sake of progress? All this for 26 units that will likely sit vacant. Also quit this argument this gotta be ragebait :sob::sob::sob:

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From an architectural perspective, yes I agree that ,housing aside, the architecture doesn’t need to be ugly like it is here.

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“The point I’m mainly trying to make is that these expensive condos don’t factor into the housing crisis in that they have a negative affect on it. They do factor yes because they are housing but they dont factor positively in the overal crisis.”

I agree with that but it’s just that condos do positively benefit the housing crisis. If you build more and keep up with demand then prices will either stabilize or fall over time. They also absorb higher income buyers, prevent competition for older, cheaper buildings (like in San Francisco), and they indirectly free up housing over time. Think of it like this: condos are part of solving the housing crisis but they alone wouldn’t like rentals alone wouldn’t.

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I agree that “all” condos contribute positively, I however do not agree that these extremely high priced ones do because then there is an extreme inbalance between the normally priced condos and this one.

Regardless, thanks for your input and actual explaining of things :+1:t2: it’s actually helpful to the conversation.

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Arguing will get you nowhere, sitting down and explaining things will. Lets all just try to be a bit more civil :slightly_smiling_face:

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When this is done it will be my 1,364th favorite building in the city.

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With the building count in NYC I’d say that’s a high number

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Whether this is vacant or in fact a home for the blind, at the end of the day this building is nothing more than an eyesore.

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Back to infoshare, the main complaint is the view corridor specifically from 23rd/5th/Broadway.

I understand - it is all good, and a helthy exchange of ideas and opinions.

I am just have a bit fun with the idea of “view corridor” - a complaint which I do find a bit disengenuous - but still valid.

Warning - sarcasm alert.
I was outraged at the careless placement of this flag pole. A pole that is rarely put to use, viewed only on special occasions, seen only by the select few who stop to notice there is a flag flying on top.

I then realized that there was a solution. I moved a few feet - then suddenly all was right a rain once again. :rofl:


Cheers.

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