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Billionaires, Millionaires and Derelicts:

In one macroeconomic trend impacting the absolute most expensive Manhattan residential real estate per square foot, owners who live at the ultra-highrise condominiums at One57 (157 W. 57th St.), on New York's "Billionaire's Row," will be literally rubbing shoulders and standing cheek-to-jowl with 150 homeless people living in the back-to-back adjacent Park Savoy Hotel building at 158 W. 58th St. The front door of the homeless shelter will also be directly across 58th St. from the glass-door motor entrance of the newly renovated J.W. Marriott Essex House hotel.

https://one57.com/
https://www.parksavoyny.com/
http://www.marriott.com/hotels/travel/nycex-jw-marriott-esse...

...According to the city’s department of homeless services, the former Park Savoy Hotel at 158 W 58th St in midtown Manhattan will house 150 homeless people. It is scheduled to open in March, and backs on to One57, a 75-storey skyscraper on 57th Street...

“It’s not going to be a good thing cause you’ve got the Marriott and Hyatt hotels right here,” said the super at an adjacent building. “So it looks like there’s going to be a war with de Blasio. He doesn’t have to put the homeless here, he could put them all in the armory on 2nd Avenue...”


https://www.theguardian.com/us-news/2018/jan/18/new-york-cit...

The moderately-pricey Midtown East Kips Bay and Murray Hill neighborhoods, which have been coping with city-sponsored homeless housing for some time, are adjacent to ground zero for another 300 adult homeless beds, as well.

Hotel Chandler, at 12 E. 31st St. off Madison Avenue, will be flipped into a 300-bed traditional homeless shelter for families – all over the age of 18.

The area is already home to the troubled 800-bed Bellevue Men’s Shelter on East 30th Street, the Mainchance Shelter on East 32nd Street, and seven other hotels with the capacity to hold more than 1,200 homeless individuals...


http://newyork.cbslocal.com/2017/11/28/neighbors-wary-of-pla...

Having stayed in hotels all over Manhattan over the years, one of the things DW and I always try to do is find the best possible neighborhood in close proximity to whatever concerts, shows, or museums we have on our itinerary. The next time we visit, perhaps we should also check New York City's Department of Homeless Services to find out whether we will be next door to a shelter.

http://www1.nyc.gov/site/dhs/index.page

Whether or not tourists or residents have a natural affinity or an aversion to sharing space with homeless people, it is something for which one would like to have advance notice - so as to adjust one's expectations, manner of dress and general level of attentiveness.

Billionaire's Row and Skid Row have never been so close, despite the ever-widening disparity between their denizens' income and assets.

'Hound
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Correction: The Billionaire vs. Homeless situation in Manhattan is microeconomics, NOT macroeconomics.

Sorry for the error in the previous post.
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... with 150 homeless people living in the back-to-back adjacent Park Savoy Hotel building

Just to be pendantic, if the people are living in a hotel building, they aren't homeless, are they?

Steve
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Just to be pendantic, if the people are living in a hotel building, they aren't homeless, are they?

LOL, Steve.

I'm pretty sure that Marie Antoinette would say they're eating cake.

-Not signed [by someone who has been accosted by panhandlers in some of the finest zip codes in America]

;-)
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Not signed [by someone who has been accosted by panhandlers in some of the finest zip codes in America]

Of course. Didn't Dillinger say, when asked why he robbed banks, words to the effect "that's where the money is"? Why try to panhandle from poor people? In Seattle, I was constantly swatting away panhandlers at the World's Fair grounds (well heeled tourists) and the downtown business district (well heeled executives). No-one bothered me as I mosied along East Marginal Way, which is an industrial district.

Steve
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Didn't Dillinger say, when asked why he robbed banks, words to the effect "that's where the money is"?


Nope, and Willie Sutton didn't either. Some reporter just made it up.


https://www.snopes.com/quotes/sutton.asp


Now this person is trying to rob somebody but not in a very clever way. I mentioned it to RK this morning as she was heading out the door to catch her flight and she assures me it has been tried before but never succeeds, also because the Embassy actually pays the rent for both US and Canadian diplomats to ensure such things don't end up in the news.

What will probably happen normally is that Global Affairs will declare the person PNG and it will be a career end as no other country will accept her either.

One fellow a neighbour of RK's in Ottawa was not receiving funds to run the embassy for a poor African nation had to give up his office and sell visa's and such out of his apartment. Our Foreign Affairs people stepped in to make sure the poor fellow didn't starve or end up on the street.

https://www.msn.com/en-ca/news/canada/us-embassy-worker-refu...

U.S. Embassy worker refuses to pay back rent, claims diplomatic immunity

OT - RK emailed me a picture of the aircraft cabin after take off, it was empty comment was "Never had a plane to myself before!".
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