re: #410 Jenner7

“Stop it. This is hard.”

Do we need to point out that a million mid-1970’s dollars is about 5 million in today-dollars?

And let’s take a look at mid-1970’s NYC — “Ford to City: Drop Dead.” Real estate back then was cheap enough to make you cry. I had a boyfriend bought a floor-through downtown loft space in Soho about then, on Prince St, paid $20,000 for 3000 square feet. Anybody want to guess what it’s worth now?

The lower east side was tenement squats, even on the UWS my grandparents’ lease was $275/month for 600 sq ft.

Now let’s talk about the tax abatements the Donald got for his developments; to what degree did the city subsidize his construction?