Like the New Affordable Housing in the Bronx

There is new affordable housing in the Bronx. This development is called Intervale Green, and it is by Intervale Ave, and Louis Nine Blvd., in fact only a block away from the #2 and #5 subway lines. This is WHEDCo's super-greenie project. It is a normal and even nice new apartment building, 125-units, with lots of energy conservation features and natural lighting. The only downside is that with the real estate bubble, affordable housing has got a bit expensive to, $950 for a two-bedroom. Hope WHEDCo can help those single mothers out.

Mini Storage in the Urban Jungle

Yes, there is a lot of mini storage going on in the urban jungle. Often young people especially want to move downtown to be where the action is in New York City. They find that the apartments are tiny. Despite real estate going down, it is still pretty high in New York and other urban centers. Mini storage enables you to keep some bulky possessions and wait till you can afford a bigger apartment.

Citigroup is Exploding

Yes, Citigroup is a strange bank, the largest American bank. It has good sides and bad sides. It has released a plan to lower the interest on mortgages it has, and turn ARMs into fixed rate mortgages. Yet Citigroup seems to be on the point of splitting up. The Smith Barney investment house is to be sold or consolidated into Morgan Stanley. The Primerica Life Insurance, etc branch is to be sold. The asset management parts are to be split off from the global banking operations.

Kingman Paintball is Where it's At

Have you ever played kingman paintball? It is the most fun game in the universe. The Kingman Spyder Sonic paintball kit was so much fun that I thought I was on deadly military maneuvers. And all I lost was some junky close when I got shot and paint squinted all over my scrawny chest. This mega-set for only $11.95 will keep you having fun even if the whole financial system disintegrates and all that. Check it out brother man.

Bronx Real Estate Down

pix, source nytimes.com Yankee stadium.


The Brodsky organization admits that Bronx real estate is down, and can continue,

"on the way down, on the way. on the way down.
And I won't forget the bubble trouble.
I got ripped off , on the way down,
But I did lie too, bout my income, on that arm mortgage.

(spoof, on the way down, song)

There is still a lot of denial about the freeze up of the refinancing of the commercial real estate and all that. A lot of denial about the problems with the East River Plaza. Maybe problems with the new Yankee Stadium. Will people buy all the million dollar boxes>

Bad Medicine from Bernard Madoff, GMAC

GMAC is like Bad Medicine.
The system's bad medicine again. Shake it up.
Bernie Madoff's bad medicine.
Just another chance for a bailout again.

(spoof, Bon Jovi, Bad Medicine)

This has really been a case of insanity, with the Federal Reserve and US Treasury agreeing to let GMAC become a new "bank." At the chairmanship of GMAC is Ezra Merkin, (former?) Pres. of the 5th ave Synagogue in NYC, and a key conduit of funds into the crooked ponzi scheme of confessed crook, Bernard Madoff, and his $50 billion ripoff. Shake it up.