cocktails5

cocktails5 t1_jegabb2 wrote

It's funny because this sub is totally behind this sort of essential infrastructure but when it comes to Con Ed...

https://www.reddit.com/r/nyc/comments/125mdb5/reminder_public_hearings_on_coneds_rate_hikes_are

everybody is just like "fuck Con Ed, I shouldn't have to pay for electricity."

Which is especially funny because a significant portion of that rate hike is going towards clean energy infrastructure. It always amuses me as someone that works in energy that people talk a good game when it comes to clean energy but don't actually want to pay for it. Do people think infrastructure is free? I don't get it.

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cocktails5 t1_jbhxtcc wrote

No it's because they neglected to put asset limits on HDFC purchases. The HDFC market is warped by asset rich people who haven't had an income in two years and thus aren't restricted by the income limits. The income limits make it so that anybody that falls within those limits can't afford the purchase price even with a mortgage when they're competing against these asset rich/no income cash offers. And the co-op owners know that they can get more money in the sale by going after those people.

I've seen some particular egregious examples where the income limit is like $50k/yr and the unit is listed at over a million dollars. Rich people love it because they still get to take advantage of the tax abatements/low maintenance.

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cocktails5 t1_jbhwy60 wrote

The city had a solution to this: replacing the current HDFC agreement with one that included asset limits. HDFC owners threw a fit because it would have tanked their property values because the HDFC market right now revolves around these all-cash offers from people who on paper don't have an income. They tried to entice the HDFCs with more tax abatements but nobody seems interested.

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cocktails5 t1_j2z64lg wrote

Once you get good at it it should be very little effort for a lot of reward. You can grow an absolute ton of mushrooms in a couple of storage bins. Mushrooms on the east coast are stupid expensive for how easy they are to grow and the relative lack of risk (no smell, no grow lights, concealed grow containers).

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cocktails5 t1_iwpvnbe wrote

Infrastructure isn't free. If you want green energy now (like a majority green in the next ten years) you're talking trillions of dollars in infrastructure spending.

I want that. But I also understand that there is going to be a cost. For some reason a lot of my fellow green energy proponents live under the false assumption that you can just snap your fingers and trillions of dollars in generation and transmission projects just magically appear the next day.

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