Chelsea Clinton Buys A $10.5 Million Apartment On Madison Square Park

[Libertas1776]

246. My beef...

my beef isn't really with this couple, although 10 mil is a freaking lot for an apt in my opinion. There are always gonna be wealthy and super wealthy people living in the major cities, particularly NYC. My beef is the fact these days, the only people living in NYC for example (emphasis on Manhattan, not the outer boroughs) are mostly super rich. Manhattan, once upon a time, was home to all classes of people. The super rich had their 5th and Park Avenues, but there was also ample room for middle class, working class, and poor people. The fact is, the latter groups were the bulk of the population. In the past 20 or so years, with the end of rent control for one thing and the reversal of flight to the suburbs, these groups have been pushed out. What were once working class neighborhoods are now gentrified "trendy" and "hip" hoods for affluent young people and people who will pay spend every last cent they have to live in a shoebox to pretend they are affluent. In the process the city loses its true character. The 2000s saw a building boom in the city, not for affordable housing but rather towering glass condos for the super elite. I read a news article not that long ago where a towering new apartment building for the obscenely rich in lower Manhattan (like 20 million for the smallest apts) were getting huge tax breaks from the city through a loophole in, ironically, a city affordable housing ordinance. Those fuckers will do anything to save a buck.

Oh and what a laugh when Mayor Bloomie announced he wanted to construct "affordable" micro apartments, (probably the size of one of Chelsea's walk in closets, or half baths). The story was posted here on DU and many thought it a great idea. I personally don't object to it if they genuinly were affordable but they won't be. Instead, what should cost maybe 700-800 bucks for a closet sized apt, will prob inflate to about 1600+ dollars, the price that use to get you a tiny studio apartment, and a studio apartment will inflate to about 2500 and so on. It's all a scam. The only poor living in the city (by which I mean Manhattan. Living in the metro area, saying I am going to the city means I am going to Manhattan, not Queens or Brooklyn. You say Queens or Brooklyn or etc. by name) are those living way up town, or in scattered pockets in lower Manhattan in slumlord out of code dumps or in the city's massive NYCHA project houses, which are also to be found in the city's other boroughs. So basically, Manhattan has become one massive gated country club community, with a little room left for "the help." Can't have them commuting to far!!

The sad thing is this is happening in all major cities in the US and the world. You think NYC is expensive? Just look at London, Paris, Hong Kong just to name a tiny handful...good grief, and its getting worse.