Public media on the economyIn working up the two posts on Stuyvesant Town in New York City, I came across this rent control debate in the comments section of an article in New York magazine. The two main posters are a long-time resident of the Manhattan housing complex, which includes many rent stabilized apartments, and an opponent of rent [...]
“So for all of those fiduciaries supposed to be investing money for teachers, firemen, the people of Singapore and God, shame on you. This was never a good deal for anyone but Tishman Speyer.”
Yesterday, we posted about what’s happening in New York City’s Stuyvesant Town: The companies that bought the apartment complex for $5.4 billion [...]
Three years ago, two companies, Tishman Speyer Properties and Black Rock Realty, bought Stuyvesant Town and Peter Cooper Village in Manhattan, an iconic post-war housing complex that is home to 25,000 tenants, many of them with rent-controlled apartments. Last month, in what one observer called “the poster child for the entire housing bubble,” the [...]
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