Real Q - is anyone stopping hotels from being built, or is this a function of supply & demand? Buildings are being built, but all pretty pricey housing. Hotels must not make sense financially, or is there really more to it?
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I'm not actually sure if this was approved or not, it seems that COVID might have been the deathblow
but yes, NYC and especially manhattan make building *anything* extremely difficult and expensive, which is why the only new housing is for millionaires
we live in a world where people (not dunking on you, speaking generically) see 500 units going up and go "wow we're building so much new housing and yet prices keep going up" not realizing that the city needs 50-100x that to match demand
Real. The only realistic solution I see is to force the sale of any abandoned buildings for government housing and, from a citizens end, for more left leaning people to take part in the neighborhood level voting that communities use to keep out dense housing in favor of suburbs.
We lived in a left leaning community & still couldn't get people to attend planning mtgs, even when warning them that it would have major impact. Then project would start & the moaning of NIMBYs would annoy the crap out of me.
We weren't against bldg, but wanted projects to be set up for success. Developers just want to take $ & run. We wanted projects that would stand the test of time. Outdoor space (rooftop typically), secure bike storage, ingress/egress/traffic flow, etc.
I reg attended planning comm mtgs 2000-2019 in Oakland CA & am fascinated by process & bureaucracy. I was focused on mixed use projects & corresponding traffic issues. Moved to Vegas a few years ago & it's a totally different thing. I still watch @nerd4cities.bsky.social to get my fix.
I totally get the need for more housing, but not sure how to bring down prices in NYC where the need is probably higher than avg & space limited. Are there abandoned bldgs that aren't more expensive to rehab than their worth? Are you just incl NYC, or also the burbs?
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For example, cranes. A small but growing city will have more cranes going than all of NYC at any given moment, because of NYV's crane regs.
https://www.rlb.com/americas/wp-content/uploads/sites/4/2024/04/Q1-2024-Crane-Index.pdf
I'm not actually sure if this was approved or not, it seems that COVID might have been the deathblow
but yes, NYC and especially manhattan make building *anything* extremely difficult and expensive, which is why the only new housing is for millionaires