Word: yorke
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...achieve 23% turnover in the first year of new owners, or about double that of a typical building in Manhattan, where the culture of tenant rights is stronger, according to a new study by affordable-housing advocates, the Association for Neighborhood and Housing Development. The study focused on New York City, where Wall Street money made the most inroads - capturing about 100,000 units (out of the city's 2.5 million), or about 10% of the city's rent-regulated apartments before the real estate bubble collapse. (See the worst business deals...
...think it is a problem ... and that's why we are putting our resources to bear to try to correct the problem before it becomes a bigger problem than we can tackle," says Rafael Cestero, commissioner of New York's Department of Housing Preservation and Development. "Ownership of rental properties in New York City is a long-term proposition, and if you do it right, you can make a fair profit, but trying to make a short-term investment is where you can get yourself in trouble...
...printed shoe fell on Wednesday, when the New York Times partially lifted the veil on its plan to charge for access to its website. Speculation has been rife in media circles on how the nation's most influential and successful paper would go about touching what some consider to be the third rail of Web content. The Times' answer? Very gingerly. In effect, the paper seems to be asking its readers, Don't you really actually want...
...frugal readers could go back to the HuffPo or Google and re-enter the site through an alternate route. There will no doubt be workarounds, but the Times seems to suspect that many people won't bother. They'll just subscribe, because after all, it's the freakin' New York Times and people surely want to pay for that kind of quality journalism...
Already, a New York City-led effort, the National Salt Reduction Initiative (NSRI), is promoting a voluntary reduction in sodium content by restaurants and packaged-food companies of 20% over five years. State and local health departments, as well as consumer- and professional-health organizations, have endorsed the effort...