The Market
Developers race to buy air rights; down below, basement apartments eyed as affordable housing solution, and more
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- NYC air rights selling for the half the price of the land below 50-60% (and developers can't get enough) (NY Times)
- Meanwhile, affordable housing experts float legalization of basement apts (Crains via The Real Deal)
- ....and we finally learn how "studio" apartments earned their name (NY Times)
- The MTA notices its neglected stepchild, the G-line (Brooklyn Paper)
- Good news for all those homeless billionaires: Developers can't afford to build anything but luxe (New York Times)
- ....And luxury apartments are flying off the shelves like hotcakes (Wall Street Journal)
- The apartment could also double as a built-in farmers market (Architectural Record; DNAinfo)
- Falling behind on your mortgage? Banks more likely to forgive second mortgages than primary ones (NY Times)
- If you haven't booked your summer share in the Hamptons, maybe you should (Business Insider)
- Yes, your neighbor can force you to raise your chimney (Brownstoner Forum)
- The nanny really shoudn't wear hotpants (Urban Baby)
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