Do you think New York City should be developed with condos?

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Do you think New York City should be developed with condos?

Written by by J, a, C, k, , y, e, t, a, k, , a, y, , o, n, t, r, i, b, u, t, r, i, g, , C, o, l, u, t, a, n, b, u, n, r, i, G, , m, s, t, i, y, u, , l, ar, l, t, o, d, t, a, r, b, u, l, he, r , e, le, , n, o, b, , d, , p, e, l, , t, , t

There’s a battle being waged in New York City: where to put condos.

The answer, it seems, has been decided. Some are calling for more condos because the property values are high. Others are calling for less because they think condo development has too many negative effects on the city.

Readers’ Perspectives

CNN asked five readers what they thought about condo development.

The editor-in-chief of Curbed, an urban real estate site, Jon Schwarz’s comments led readers to reflect on the question again.

“We don’t need more condos,” Schwarz said. “We already have enough in New York City. It’s hurting the city.”

Bloomberg columnist Kimberley Strassel came to the opposite argument.

“Well, probably. I’m not a fan of condos. I think it was a mistake in Washington,” Strassel said. “I don’t like the architecture of a lot of condominiums, but I think the development here in New York City is fine.”

Epstein-Barr Real Estate, the largest real estate company in New York, hired senior equities analyst Jake Diker and ran an informal survey of 254 real estate agents in New York and found that they were “40% in favor of more development.”

“A community work group was recently created by a council member in Brooklyn and by a city council member in Manhattan to study the issue, and as you know, that didn’t go as well as people had hoped,” Diker said.

There were a few readers who sided with the developers.

“I support condominiums because they have the ability to tax the new renters into owning,” said Pamela Brown, a retired teacher from upstate New York.

CNN contributor Alyssa Bianco said she was all for condos in New York City because her children wanted to live there.

“I believe the mission of homeownership is to own one of these prized real estate properties and live in a sanctuary, where money is spent on healthcare, education, entertainment, rather than on politics,” Bianco said.

“If I am to live in my vision of my city then I need a place that I can afford to live in.”

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