What is each of our responsibility to the community?
There always seems to be a disconnect between the landlords be it residential or commercial and the reality of the streets. Eventually there is a come to reality moment but currently there are plenty of empty retail spaces and cities laden with homeless people.
What is each of our responsibility to the community? There are more than a handful of landlords who have upped their rent so high probably because they took out another mortgage on the property to put capital in their pockets with the belief that the current tenant would service their loan.
That can work until the price gets too high. Then a space sits open where a store or a restaurant or a bakery or a tailor sat for years. It is a lose lose for everyone particularly the community.
We are landlords and we believe there is a balance between making money and doing right by the community. You can be a good landlord and make money. Greed is just not good.
This past month the conversation took place on the streets of Long Island City. Amazon walked away from building their next large campus in NYC. It would have ultimately created 25,000 new jobs and billions in tax revenue that would have been a boon to the neighborhood which in turn creates a lot of cash for the city.
In hindsight, there is zero doubt that the politics on both sides was a disaster and the reason for the huge incentives given to Amazon were not well articulated but it points directly to what I am asking and writing about. What is the right balance?
Certainly the city and state needed to give Amazon a very hefty incentive to come to NYC but nobody seemed to be talking about what Amazon could do for the community except create 25,000 jobs. 25,000 jobs is huge but when there L-train is looming a bigger disaster than it already is along with a transportation system that the Governor doesn’t seem to give a shit about and a homeless situation that continues to grow doesn’t make for shake a hand and smile politics. This is what creates stupid populism politics.
I am not going to run for politics but damn DeBlasio and Cuomo who are at the helm now upset me just as much as the illiterate man in the WH.