tag:blogger.com,1999:blog-5694390946037511355.post5680249727789798488..comments2024-03-29T03:35:13.051-04:00Comments on EV Grieve: Report: Village View residents considering going privateUnknownnoreply@blogger.comBlogger84125tag:blogger.com,1999:blog-5694390946037511355.post-41053457648051938932016-12-25T16:55:07.426-05:002016-12-25T16:55:07.426-05:00200.00 on list since 2010.
It's a shame housin...200.00 on list since 2010.<br />It's a shame housing is so expensive and renting costs out of control. 7 years and still waiting, Anonymoushttps://www.blogger.com/profile/09717440631263588568noreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-46893523968301400472016-11-11T14:41:51.054-05:002016-11-11T14:41:51.054-05:00It is sad day -today our board president announced...It is sad day -today our board president announced that Board will stop educational campain about privatisation. It is sad because Board gave in under pressur of small but very loud group opposing privatization. I hope now it is the time to show that there is a large group of shareholders who wants to know more an who wants to have a chance to make inform decisionAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-3633875007794855212016-10-25T15:09:46.572-04:002016-10-25T15:09:46.572-04:00Instead of heading out to the suburbs we answered ...Instead of heading out to the suburbs we answered the call to "own" here in the problematic area of the city. We came into this neighborhood when it was a drug hell - no exaggeration. We collectively endured, we cared for each other, kept up our physical plant, and lived in harmony, we raised our kids here, and improved this neighborhood as a desirable place to live....NOW many, many of us we want to own our individual apartments. We "invested" our lives and look forward to having some security now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-31137406450097381002016-10-19T13:34:51.115-04:002016-10-19T13:34:51.115-04:00Question: If you are on the "Waiting List&quo...Question: If you are on the "Waiting List" for Village View Housing is your Spot transferable or saleable to someone else ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-38101997277461357512016-08-24T17:17:07.219-04:002016-08-24T17:17:07.219-04:00it would be nice if the "Board" would ex...it would be nice if the "Board" would explain the push to privatize. Elections are coming up. Every board member should be required to state if they are pro or con privatization. They have been hiding behind the answer that " we need more info". The board cannot act with impunity they owe residents an explanation as to why we are looking at privatization, who came up with idea, who on the board supports it etc, etc. stand up VV tenants exercise your rights. Y ou are in danger of losing your home!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-39390203993440265932016-08-10T22:17:44.955-04:002016-08-10T22:17:44.955-04:00There are millions of people making less than 30K ...There are millions of people making less than 30K living in NYC. If you can't afford to live here, then maybe it is time to move.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-13984055152203741582016-08-10T20:28:46.094-04:002016-08-10T20:28:46.094-04:00Deae 1:42 PM on August 10th,
I am talking about...Deae 1:42 PM on August 10th,<br /><br /> I am talking about the transfer from limited equity to private. See this article --- http://www.lexology.com/library/detail.aspx?g=cb9db742-0510-4904-9019-1c8a252a7397. Also see this article for an explanation: http://www.habitatmag.com/Publication-Content/Legal-Financial/2014/2014-December/No-Transfer-Tax-on-Mitchell-Lama-Exit<br /><br />Okay? Understand? That pretty much spells it out for you twice. Just cut and paste these 2 articles. Also, the flip taxes after privatization are not typically 40%. Also, if VV handles it right, the maintenance will not go up, just like at Coop Village and South Bridge Towers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-74710581603083238132016-08-10T13:42:42.123-04:002016-08-10T13:42:42.123-04:007:40 - is this FG from the board or another board ...7:40 - is this FG from the board or another board member. What are you talking about? There is a flip tax, which could be as high as 40% + percentage to metro management for selling the apartment + real estate taxes + maybe capital gains = NOT ENOUGH TO LIVE IN NYC. If you want to leave the city then it is a good deal. With what is left you won't be able to remain in NYC. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-47369728602194918612016-08-09T19:40:16.449-04:002016-08-09T19:40:16.449-04:0011:00, It is complicated to understand. Speak to ...11:00, It is complicated to understand. Speak to your councilman 's office and fellow VV shareholder who know what they are talking about. Learn as much as you can about the risks and benefits on both sides of the issue. Personally, I think you hit the jackpot. Privatization is a nontaxable event. You will be handed over an asset worth over half a million without having to pay any of the usual transfer fees or taxes. You will have a lot of flexibility with the life choices you can make with the option of being able to sell the apartment on the free market. Good luck. Please keep an open mind for the period you have to make a decision.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-6414200045528120432016-08-09T17:57:41.371-04:002016-08-09T17:57:41.371-04:00It's becoming difficult to figure out who'...It's becoming difficult to figure out who's yelling at who in this thread.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-40946981998718490682016-08-09T15:35:12.990-04:002016-08-09T15:35:12.990-04:00In what universe is the current arrangement a puni...In what universe is the current arrangement a punishment? What about policing of improper subletting? Was that part of the bargain upheld?<br /><br />11:00, good luck to you. I hope that you do not experience intimidation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-9781032370859400852016-08-09T15:18:36.282-04:002016-08-09T15:18:36.282-04:001:34
Tell me what you know about the maintenance....1:34<br /><br />Tell me what you know about the maintenance. What about the MCI increases for the old infrastructure? Privatizing the electricity, and the gas? Don't tell me not to shame others. Many have lived here for 50 years and now want to give money to their children, others want to leave NY, others have another place to live. All these people are going to profit. Now there is a surcharge for people that make more money, they said that that will be going away. So these people making more money will be paying less after the privatization, because the surcharge is going away. Village View will be for the rich, like everything else in NYC. How boring that will be. Maybe you are right, maybe it will be too boring to live here. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-43171635797610837062016-08-09T14:08:53.572-04:002016-08-09T14:08:53.572-04:00The tenants have absolutely nothing to do with the...The tenants have absolutely nothing to do with the wait-list. Why should they be punished for that?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-55683584319576465342016-08-09T13:34:50.889-04:002016-08-09T13:34:50.889-04:00You are in. You are fine. You really need to edu...You are in. You are fine. You really need to educate yourself instead of worry yourself to death about this. And shaming other people out of fear. You are in.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-41636894610527543422016-08-09T11:00:30.632-04:002016-08-09T11:00:30.632-04:00I just moved into Village View last year. I moved ...I just moved into Village View last year. I moved here to ensure that I can live independently as anaging adult. Now you want me to start anew, because some board member want to move to Florida, and other shareholders want to give money to their children. What about the rest of us? Perhaps those of us who have not had our 20 years plus here should file a class action lawsuit and sue the City of New York for not informing us that we would have to move a couple of years after getting here. I would have stayed where I was. After privatization I will have to move to where Florida? Because I won't be able to live here or anywhere else in the City of New York. As an artist I contributed to this community and now I will be run out town. That is why these people need to be shamed, including the City of New York. I should have been informed that this will be happening. I would never have come here. Just thinking about his is making people anxious and sick. Shame on everyone, who is giving permission for this atrocity to go forward without any thought about what will happen to people like me. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-16661087399906414522016-08-09T10:19:04.877-04:002016-08-09T10:19:04.877-04:0012:55, I think you are trying to address the point...12:55, I think you are trying to address the point and are not being willfully ignorant. It's not easy to create affordable housing. People expend political capital, fight for small allocation of funds, and make difficult compromises in order for it to exist. So while that might be the technical arrangement, that doesn't mean that it emerged that way on purpose. The fact that a tenant must reside in the property is the incentive to manage and maintain it, not the shameful windfall they might reap. Are you saying that public housing buildings are in disrepair because of their tenants and not because they are underfunded? The secret sauce at Village View is not the tenants, it's the combination of public subsidies, capped resale, AND a more lenient AMI restriction. Did the shareholders keep their bargain by honestly maintaining the waiting list, by properly vetting income restrictions, and by policing improper sublets? I think an audit would reveal otherwise. I'm not sure if you're serious about your last point. Are you saying it's OK because you're only taking a little bit on a per person basis? It IS as shameful what happened at Rivington House, which was also technically legal.Marcosnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-3625574243413183252016-08-09T00:55:58.843-04:002016-08-09T00:55:58.843-04:00I saying that the law is on the current shareholde...I saying that the law is on the current shareholders side and the plan from the start was for the shareholders to have this option, so there should not be there "SHAME SHAME" outcry. And there are reasons why the shareholders were given this option as an incentive to manage the property and keep it up for decades before the option became available. That was to keep the buildings upkeep and well maintained and in financial order so that it would benefit the surrounding community. I am saying the shareholder kept their bargain and deserve to have the option and ownership more than any other people do. (And they did put some money into it. They pay maintenance fee every month and they paid an initial fee to purchase shares.) Now as far as the average New Yorker state citizen has given to VV per year, let's see that may amount to 66 cents a year? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-2496401809030814672016-08-08T22:18:38.793-04:002016-08-08T22:18:38.793-04:00Sorry, but a mismanaged wait list is completely re...Sorry, but a mismanaged wait list is completely relevant. Especially, when management of the list means you control who gets to cash the lottery ticket. Donnie, again with the selective reading glasses. Are you saying the majority of the costs and risk were borne by the tenants? Your response does not address 3:00's point.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-88163024119672885742016-08-08T19:00:20.553-04:002016-08-08T19:00:20.553-04:003:00pm, in the 1950s and onward, the Mitchell Lama...3:00pm, in the 1950s and onward, the Mitchell Lama legislation and law specifically addressed the issues of privatization after a certain period, giving the coop shareholders the option to convert from limited equity to opt out of ML recognizing that the shareholders would gain the full equity in exchange for paying their full share of property taxes and taking them off state control. That was the intent of the program. It gave the shareholders an incentive to take care of the property. That is why these properties do not fall into disrepair lime other public housing projects. Now you want to take that away.Brianhttps://www.blogger.com/profile/16018698439789288968noreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-44707419244331967152016-08-08T17:10:13.367-04:002016-08-08T17:10:13.367-04:00There are a lot of valid and important reasons to ...There are a lot of valid and important reasons to not privatize these buildings. However, that there were "conflicts of interests" in regards to the waiting lists is NOT one of them. Blaming the tenants of the Village View for the actions of the management is like blaming the owner of a car for the actions of the car's manufacturer. Let's keep some perspective here.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-45660129428103547222016-08-08T15:00:39.439-04:002016-08-08T15:00:39.439-04:001:41: The point is, your money didn't build th...1:41: The point is, your money didn't build the buildings and enable you to purchase them so cheap. Everyone else's money did. Add up the bill for acquisition, development, construction, taxes, etc. The money you paid amounts to pennies. Also, the waiting lists were sometimes managed with a conflict of interests.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-17123460726678472762016-08-08T14:17:57.956-04:002016-08-08T14:17:57.956-04:00Village View is 50 years old. The electricity and ...Village View is 50 years old. The electricity and plumbing is original. The board has put money into the lobbies, not the infrastructure. There will be increases. After the first couple of years the sales will go down, and the money will dry out. Who will pay for the plumbing and electricity, plus all the other regular expenses. The maintenance / rent will go up. Don't let them fool you. Don't forget the roofs. And who will pay for the 21 new doormen. The new people will want doormen and a much cleaner building. that means more porters.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-83051121456099440902016-08-08T13:41:39.740-04:002016-08-08T13:41:39.740-04:00No, I was around for both conversions of Coop Vill...No, I was around for both conversions of Coop Village and SouthBridge and there was extremely low public outcry in both cases. Just a couple of articles in the local papers describing both sides' viewpoints with no follow up at all. South Bridge had a close vote but that was resolved with very little media coverage at all. In both cases the maintenance payments have not increased so everyone who has remained, their costs have not gone up even if inflation has. (which is not always the case, and is always a risk.)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-77735164900476707532016-08-08T13:22:25.249-04:002016-08-08T13:22:25.249-04:0010:45 - You omitted NYU, Cooper Union, The New Sc...10:45 - You omitted NYU, Cooper Union, The New School. After privatization, whoever is left, will be living in Village View Dorm. How does that sound to all the aging East Villagers. What to expect - parties, noise, vomit - what everyone else is experiencing in the East Village today. We have a little piece of Heaven, why not screw it up for everyone with your GREED. The names of the Board Members should be published for all to know and shame. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5694390946037511355.post-54984801751148170102016-08-08T10:45:25.733-04:002016-08-08T10:45:25.733-04:00Members of the Board,
It was nice having lunch wi...Members of the Board,<br /><br />It was nice having lunch with you the other day. We'd be happy to host you again whenever you are available. Just as before, lunch is on us, of course. Our offer still stands and we're open to negotiation.<br /><br />As we said, we have a number of investors who are eager to work with you. Here are their email addresses in case their messages get caught in your spam filters: ben.shaoul@magnumres.com, jared.kusner@kushnercompanies.com, jared.kushner@trump.com (alt), steven.croman@9300realty.com, raphael.toledano@brookhillproperties.com, terrence.lowenberg@iconrealtymgmt.com, or todd.cohen@iconrealtymgmt.com.<br /><br />We recommend that you stick to the talking points we provided but let us know if you need any help with the tenants who want to vote against leaving. We work with a few people who specialize in dealing with such things. You can reach two of them directly at anthony.falconite@9300realty.com or newton.hinds@brookhillproperties.com.Your friends and partnersnoreply@blogger.com