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What are you talking about? In my area of downtown Brooklyn there's a glut of luxury residential towers recently completed or still going up. As far as I know t
by asnyder 8y ago
What are you talking about? In my area of downtown Brooklyn there's a glut of luxury residential towers recently completed or still going up. As far as I know there's so much supply now that prices are actually decreasing, but again this is a decrease on luxury apartments so whether it's $4400 a month for a two bedroom, or $4000 a month, that's not very helpful to most people. What we need are new non-luxury buildings where normal middle-income earners can afford to live (ex. $2000 for a 2 bedroom). Amazon would've just led to the filling of luxury towers in LIC and encourage developers to build even more luxury towers for the new Amazon transplants.