Andrew Young as NYC mayor asks for the price of Brooklyn’s house Business and Economy News


New York City’s two mayoral candidates – Shawn Donvan and Roy McGuire – have greatly underestimated the cost of a house in Brooklyn’s Twelve, estimating the average price when the actual value is $ 900,000, raising questions about whether they are communicating with New York on a daily basis. Yorkers

A house in Brooklyn for 100,000? Probably 40 years ago.

Candidates for the next mayoral post in New York City, Sean Donvan and Ray McGuire, slashed the cost of buying a home in Brooklyn during a recent interview with the New York Times, according to the race.

Candidates keep in touch with New Yorkers on a daily basis and public gaffs raise concerns about whether they are appropriate to address the city’s affordable-housing-related challenges.

McGuire, a former executive at Citigroup Group, estimated that the median sale price in the borough was $ 100,000. Former city housing commissioner Donvan quoted $ 80,000 to 90 90,000.

Former presidential candidate Andrew Young nailed the correct answer: $ 900,000.

Former city sanitation chief Catherine Garcia, whom the Times backed as mayor, estimated $ 800,000. Maya Wiley came in at 1.8 million.

When offered a mediocre price of $ 900,000, Will replied “it’s much higher in some areas.”

The comments came six weeks before the June 22 primary, which will probably decide the next mayor of the heavily democratic city.

According to Jonathan Miller, real estate appraiser and president of Miller Samuel Inc., Brooklyn’s median sale price was $ 100,000, probably closer to 40 years.

Miller’s data dates back to 2003 when Brooklyn’s median was 29 299,130, back to his Manhattan numbers in 1989, when the average price in New York’s most expensive bureau was 0 240,000.

Miller said prices in Brooklyn at the time were about one-third lower than in Manhattan, meaning the time between Brooklyn was $ 100,000 in the early 1960s, Miller said.

A spokesman for Donvan said in a Twitter post that the former city housing commissioner misunderstood the question.

McGuire admitted his mistake, saying it was not a reflection of his commitment to tackling the city’s housing problems.

“I had a hard time calculating housing costs in Brooklyn. I’m human. Make no mistake, I think deeply about the affordable housing crisis in our city, “McGuire said in an emailed statement.” I know it’s like not being able to buy a home because it’s my own experience.

Speakers in favor of other promotions did not immediately respond to a request for comment.





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