The housing market in one of the wealthiest locations in the country dropped to a record-low in the first quarter of 2019; with would-be homeowners ditching Manhattan due to massive taxes and crumbling infrastructure across New York City.
“Purchases dropped for a sixth straight quarter in the first three months of 2019 as sellers struggled to cut prices deeply enough to attract offers. Transactions totaled 2,121, the fewest for a first quarter since 2009,” reports Bloomberg.
“You have a seller generally overpriced and willing to make discounts that bring them closer to the market, but the buyer is not willing to come up,” said one real estate insider. “The bigger the disconnect between buyers and sellers, generally speaking, the lower the sales activity is.”
The move comes as New York officials unveiled their latest “congestion pricing” proposal; charging commuters $11.50 to enter midtown Manhattan and truck drivers upwards of $25 to make deliveries across the Big Apple.
Read the full report here.
DE BLASIO’S NYC: Mayor Allocates Additional $1.6M to Attorneys Defending Migrants from Deportation
New York City Mayor Bill de Blasio and his city council are allocating an additional $1.6 million to provide legal resources for illegal immigrant residents facing deportation orders and other law enforcement issues.
“Calling it a defensive fund against President Trump’s immigration policies, New York City officials plan to put an extra $1.6 million toward public defenders representing immigrants slated for deportation,” reports Fox News.
“Attorneys and immigrant rights groups had pushed for money, saying that courts were rushing decisions on deportation and that immigrants were at a disadvantage if they did not have the help of an attorney,” adds the author. “The move to bolster the funding arose from a deal between New York City Mayor Bill de Blasio and Council Speaker Corey Johnson.”
“This is crucial right now as the ICE deportation machine has ramped up efforts to interfere with the necessary work NYIFUP is doing by pushing people through the system with zero regard for due process. I will continue to fight these un-American and horrific immigration policies,” said City Council Speaker Corey Johnson.
Read the full report at Fox News.
DE BLASIO’S NYC: Mayor Calls for Construction of $10 BILLION Global Warming ‘Barriers’ in Lower Manhattan
Big Apple Mayor Bill de Blasio left millions of New Yorkers scratching their heads Thursday; totally ignoring the city’s crumbling infrastructure and calling for the creation of global warming “barriers” in lower Manhattan.
“We don’t debate global warming in New York City. Not anymore. The only question is where to build the barriers to protect us from rising seas and the inevitable next storm, and how fast we can build them,” posted the Mayor’s office on social media.
“Over the coming years, we will spend up to $10 billion to extend the downtown waterfront,” he added.
"We don’t debate global warming in New York City. Not anymore. The only question is where to build the barriers to protect us from rising seas and the inevitable next storm, and how fast we can build them." — @NYCMayorhttps://t.co/Ww6UI9GesP
— NYC Mayor's Office (@NYCMayorsOffice) March 14, 2019
The Mayor’s plan comes hours after he posted another bizarre tweet; instructing New Yorkers on the proper use of toilets and apartments across the city.
Read his full proposal here.