Looking back you have to wonder what I was thinking, but I actually moved into New York City in 1975. That was approximately the year when New York hit rock bottom. It was the year that New York City kind-of defaulted on its debt. Read the details of that episode in the New Yorker here. The kind-of default was in October 1975, right between when I took the bar exam and found out that I had passed. What was I getting into?
During the decade of the 1970s New York City lost more than 800,000 people in population, about 10% of the total, going from 7.89 million in the 1970 census to 7.07 million in the 1980 census. The sharp decline in population meant that large amounts of housing became vacant. The housing in question was concentrated in certain neighborhoods that were being rapidly overwhelmed by crime and abandoned by productive citizens. Fires in these neighborhoods became pervasive. This was the era of "Fort Apache, the Bronx" -- the title of a 1981 movie starring Paul Newman that memorialized that sad and dangerous time.
The neighborhoods in question were what we would recognize as classic "slums," characterized by a combination of deteriorated housing stock, high crime, vandalism, and destruction that included pervasive arson. You may recognize the names of some of these neighborhoods: the South Bronx; Harlem and much of the Lower East Side in Manhattan; and, in Brooklyn, much of Bedford-Stuyvesant, Bushwick, East New York and Brownsville. Two of the very worst areas were the center of the South Bronx and the most eastern part of the Lower East Side of Manhattan (the area of Avenues C and D). By the time the mid-80s rolled around, many of the buildings in these areas had been burned out and knocked down, replaced by vacant lots. Even as the city revived in the 90s and 2000s, new private investment in these areas was minimal to non-existent. The vacant lots persisted for decades. Put simply, nobody would invest private money in these places. It was seen as just too risky.
Which brings me to a couple of postings today at a site called New York YIMBY ("Yes In My Back Yard"). . . .
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