VOTE TODAY - Early voting is happening now. Remember the Charter Proposals on the BACK of the ballot form. 📢📢 VOTE NO FOR ALL 5 - ESP. #5 📢📢 @FDNYchic @NycRetirees

I looked at yet another midtown condo on Sunday, and the agent for the seller was almost gleeful about how much value it had lost, saying "she" (the owner) bought it in 2018 for $800ish k, now she's trying to sell it for $700ish k but she'd take a lower offer, etc. etc. I thought it was strange to be that excited about it. I didn't like the the apartment anyway.

I deal with these buildings for a living. The main reason Manhattan prices have dropped is operating costs, including regular R&M, Capex, insurance, and compliance. Prior to 2020, a typical condo or co-op increased monthly dues by 2-3% yearly, with occasional assessments for large Capex. Since 2020, many buildings have had to raise monthlies by +10% in consecutive years. Insurance has skyrocketed, with many buildings seeing +50% YoY increases and insurers exiting the market. Labor laws now favor litigation more. Compliance and local laws (i.e., energy-related) force buildings to choose between large Capex spending or just eating large fines. I’m actually impressed by how resilient NYC values remain despite these massive rises in building operating costs.

you can see from the comments how varied our teacher prep programs are & why so many new teachers struggle with even the basics of instruction. no we didn’t all have a practicum/field work, a year of student teaching, access to curriculum, or work that aligned theory& pedagogy