Does This Mean I'm Poor?
The Wall Street Journal reports on a Manhattan real-estate deal:
Hotelier Ian Schrager and investors including developer Steve Witkoff last week paid about $50 million for a piece of land at 215 Chrystie St. that served for years as a garden for a neighboring building with low-income residents, the executives said.In case, you wondered what “low-income” meant:
Much of the rent at 10 Stanton St. is covered by the federal government, which now pays up to $3,810 a month for a three-bedroom apartment for tenants who cannot afford it.Your tax dollars at work.
I have something in common with those tenants; I couldn't afford $3810 per month either.