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chelseainternationaluae · 1 year

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Everything You Need To Know About Buying Off-Plan Property in Dubai

Off-plan property is a very popular option for investors, especially those with attractive payment plans and discounted prices, and Dubai is one of the best places in the world to buy off-plan properties.

An off-plan property can be very profitable when buyers make the necessary steps and research to protect themselves before buying. This article explains everything you need to know before buying an off-plan property in Dubai.

What is An Off-Plan Property?

Off-plan property is an unconstructed property bought directly from a developer, and it is a property yet to be built or is in the early stages of construction.

Buyers rely on brochures and other marketing materials to learn more about the project and property before they buy, and every purchase requires the signing of a Sales Purchase Agreement (SPA) and a 10-20% down payment.

Prices Of Off-Plan Projects And Penthouses in Dubai

The cost of off-plan projects and penthouses in Dubai differs. With a 10% down payment, you can get a beautifully designed off-plan penthouse in Dubai for as low as 2.2 Million AED. Chelsea International has a range of other properties that fit your taste, which you can find here.

What Are The Benefits Of Buying Off-Plan Property in Dubai?

Buying Off-plan property in Dubai has its risks and rewards. So, the following are the benefits of Buy Apartments in Dubai.

It Saves Money

Buying an Off-plan property lets the investors get the lowest possible price and allows to buyers to select the best apartments in a certain development. This plays a big role in improving the odds of gaining the maximum return on their investment Property.

Lower Upfront Costs

Payment plans for off-plan property vary from developer to developer—some developers of off-plan properties in Dubai. You Can Sell Before the Completion

Investors can complete their projects after they sell them off to buyers. They can sell the contracts of their off-plan property at a considerable profit if they prove popular.

You Can Also

There is always fulfillment in being the first to use different things, including owning a property.

This is also part of what you get with an off-plan property. With the latest technology and designs, you can check Online Property Services in Dubai.

Risks Of Buying Off-Plan Properties in Dubai

We have seen some of the advantages of buying off-plan properties in Dubai. Now, let’s see some of the risks of buying off-plan properties. Some of the risks include the following:

Delay Of Projects

One of the most common problems with buying Off-plan properties in Dubai is that there can be delays in project completion. According to a report, 50% of construction projects in the UAE face delay and are not completed on time.

Getting Projects Below Your Expectations

This is a big risk in buying an off-plan property in Dubai. The kind of project you thought you had imagined or seen in the brochures may be different from what will appear in reality.

These are all possible pitfalls when buying off-plan properties, but they are only sometimes the developer’s fault.

The marketing materials and brochures only showcase the best of the project, and it does not mean that all of the features in the brochures will be the same when the project is done.

In as much as these risks of buying an off-plan property in Dubai exists, they can be minimized or avoided completely by choosing wisely and seeking the right advice.

It Can Change Your Financial Circumstances

Our luxury apartments for sale, where you will need to pay twenty to eighty percent during construction while completing the bill at completion.

If you pay the amount in full, you may not be a victim of this kind of circumstance. But if you need a mortgage to complete the payment, you may be at financial risk because your financial situation may change.

For example, if you lose your job and there are no other means of income for you, you may find it difficult to keep up with your mortgage, and unpaid mortgages may also come with penalties of higher interest rates. And the higher your interest rate becomes, the more difficult it will be for you to complete your payment.

#Buy Apartments in Dubai #luxury apartments for sale #Property Services in Dubai

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theunitygroup · 1 year

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Property in Karol Bagh, New Delhi Prime Location

Karol Bagh, New Delhi as a prime location- For residents, moving to thriving New Delhi offers a wealth of opportunities. A growing economy, fascinating history, and culture are all key features. The city's service industry has grown in part as a result of the large, highly skilled English-speaking labour force that has drawn numerous multinational corporations. Information technology, telecommunications, lodging, banking, the media, and tourism are important to service sectors.

In the heart of Delhi, there is a residential and commercial district called Karol Bagh. Numerous wholesale markets are located there. Many people come to the Karol Bagh market to buy food, jewellery, home goods, accessories for the home, and clothing. The Unity Amaryllis is here to help you locate the perfect property in Karol Bagh, New Delhi Prime location.

Your ideal real estate partner- The Unity Amaryllis

The Amaryllis is a lavish residential complex offering a variety of exclusive homes and opulent amenities on New Rohtak Road in Karol Bagh, New Delhi. Along with spacious, well-lit homes of exceptional construction quality, this residential area in Central Delhi offers a wide range of recreational opportunities and amenities.

Unity Amaryllis in Karol Bagh, central Delhi, offers a range of lifestyle amenities to help you live a full and content life. With the amenities that have been specifically chosen with the needs of various age groups in mind, every member of your family can appreciate the beauty of life. Unity Amaryllis promotes transparency in the real estate industry. Purchase a property in Karol Bagh, New Delhi.

The perfect synchronization of a large number of components is necessary to build the home of your dreams. Our never-ending efforts combined with your unwavering aspirations have yielded the Skywalk and the Emperius Club. They are areas where innovation, creativity, and tranquility have merged to give you the most contented, cozy, and prosperous life.

- At Unity Group, The Amaryllis has consistently placed a premium on ethics and backs a transparent contract. The Unity Group is a "zero litigation" business that does not engage in unethical business practices, whether in residential or commercial real estate endeavors. When we live in beautiful homes, our lives are more beautiful and entertaining. We are able to live in a first-rate location with all the amenities. The Amaryllis has historically offered the best real estate great deals. You can improve your quality of life by scheduling a free appointment to visit the Unity Amaryllis.

Because we feel safe and comfortable at home, it has been said that home is where our hearts are. The Amaryllis has a number of features that offer convenience and amenities all the time. To provide residents with fully furnished living quarters, all of these amenities have been added.

The Unity group amaryllis platform is most frequently visited by people looking to purchase property in India. To make the best real estate investment, ask a professional for guidance and assistance. Meet dependable and completely dependable real estate professionals who can help you find the house of your dreams.

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rajnandiniestate · 2 years

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#buy sell residential/commercial properties #property for sale in Noida & Greater Noida #real estate agents Noida & Greater Noida #real estate brokers Noida & Greater Noida #Ready to move in flats #Buy Luxurious Flats #resale flats #real estate consultants in Noida & Greater Noida #sale purchase in Noida & Greater Noida #real estate india #property in Noida & Greater Noida #Noida & Greater Noida #best commercial property in noida #top real estate companies in noida #top real estate brokers in noida #top real estate brokers in Greater Noida #real estate services in noida

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jennifergmb · 19 days

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Feel the difference with our relocation assistance services in Miramar FL – give it a try today! At Denise Madan, we pride ourselves on delivering exceptional service and expertise to our clients. Whether you're buying, selling, or seeking mortgage assistance, our experienced real estate agent is here to guide you every step of the way. From listing your property to relocation and property management, we offer comprehensive solutions tailored to your needs. Need notary services near you or assistance with foreclosed properties for sale? We've got you covered. Whether you're a first-time homebuyer or interested in luxury property buying and sales in Miramar FL, trust us for unparalleled service. Call us today to experience the difference!

#Rental properties #Luxury property buying & sales #Notary services #Real estate agency #Home selling agent

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adeelbhatticentury21 · 5 months

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#Buying agent services London #ON #First-time home buyer services in London #Luxury property buying and sales London #New construction sales and leasing in London #Ontario #Property sales management London

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saintescuderia · 1 month

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pancakes (pt. 4)

AKA - the story of how the naive australian rookie befriended the gym junkie F1 hospitality worker with the shoe collection - and inadvertently broke the grid's most treasured and unspoken rule: you don't go for y/n.

series masterlist here :)

A/N: apologies if this isn't 100%. i wrote this in between travelling to japan to attend suzuka. and then i got sick and couldn't even go lol.

P4 - L-sits and pull-ups

Charles Leclerc was known for being a nice guy.

All the boys knew it. Lando experienced it when he saw how Charles was genuine with service staff whenever they went somewhere. Alex had experienced it in how Charles treated his family, leaving the F1 boys to spend time with Arthur whenever F2 joined the schedule - or when his mother visited the Paddock. Whereas George had just done a quick FaceTime to his mother on Mother’s Day, Charles had sent Pascale Leclerc a luxury basket with a surprise yacht trip and a massage.

“She was having a bad week.” The Monegasque reasoned when the boys found out.

Pierre’s PS5 was a result of Charles’ kindness; sourcing it for his upset friend who had missed the drop. Max's apartment was a result of Charles' kindness; helping him look for places in his home city for the Dutchman looking to buy property in the foreign Monaco. Max owed Charles a lot.

If not for his apartment, then for his F1 seat.

Mercedes were taking too long. Charles knew someone at Red Bull's junior team who could help him score an interview with Helmut Marko. And when you told Charles to stop being so nice to Max after all the drama that happened in F2, he shrugged and said it was the nice thing to do.

So you, a Torro Rosso trainer, helped Max Verstappen with an interview.

Because Charles was kind and he asked you.

And there was nothing you wouldn't do for Charles Leclerc.

Charles’ circles especially were all aware of you before he even joined the grid. It was just that sort of thing. Everyone knows everyone in motorsports. All those boys had seen you hanging around him at the karting races. Were it not for the stark difference in appearance, some might’ve thought you were family. Some did. Because for the longest time, that’s what you and Charles were. Family.

You were always there for him. You celebrated him when he won. You supported him when he didn’t. You were always the first person he went to when he finished his race. Not his parents, not Jules, not anyone - you.

He would come to you and you would quickly repeat some key English phrases for the interviewers who would surely come for him. You would pat him on the back and offer a warm smile - no matter the result - and offer some feedback based on what you saw. Performance was your speciality after all.

Then, after everything, you guys would finish with a homemade plate of your pancakes. No matter what. That’s how it went and how it would always go.

Until 2018.

That had been a shit fucking show of a year. The rookie trio had been super confused when they finally arrived at F1 and saw you dressed as Hospitality. Charles gave no answer to Lando, Alex or George, no explanation to why he barely acknowledged you. It had been Pierre, the one who had been there through it all, who had quietly explained to them what had happened.

For a while, Alex had a hard time talking to Max when he found out.

Charles hadn’t been surprised that the grid had found out. Nothing ever stayed a secret in this fucking place. NDAs were a joke. The whole agreement between him and Charlotte had been unearthed by some lower ranking Ferrari employee who didn’t know how to keep shut. Then again, Charles had expected it to come out eventually. Half the drivers were dating for PR anyway.

Ferrari were already on his case about finding a new replacement, a pretty girlfriend for him to post boyfriend material pictures with so it can ‘increase his numbers’ with the female fanbase. Since Drive To Survive had done well to popularise the sport with a whole new demographic of F1 fans, teams were trying to capitalise on this as much as possible. Charles quietly suspected that this was part of the reason why Ferrari approached Carlos.

That and they probably wanted to get rid of Seb as quickly as possible after he found out what happened between to you and raged.

Though, Charles could understand Seb’s stance on it. He himself was conflicted about it, half the time unsure if he had made the right call to listen to Mattia. He had just been hurt and upset and his father had just passed away and the press had been vicious and Charles was just desperate to fulfil his dream of getting the coveted seat.

Well, your joint dream.

It had been the dream of the both of you. It was why you worked just as hard as he did. You had taught him English. He had taught you Italian. He networked and raced. You built cars and trained. He had helped you get a job in Torro Rosso. You had helped him get a seat in Alfa Romeo.

Which, of course, led to him getting a spot in Scuderia Ferrari.

Except by the time he was putting on the red, you two were no longer speaking to one another. Or, he was no longer speaking to you and you finally accepted he had cut you off. Gone were the days where he was searching the crowds for your face, rushing to you after the race finished.

Six years ago, he stopped eating pancakes.

He knew you still made them, of course. And not because pancakes had been your everyday breakfast since you both turned fourteen and you started weightlifting and tracking your macros. He knew because he had seen some Alpine reserve driver eating them.

His name was Oscar Jack Piastri. F2 Champion who also won F3 and the Renault Cup. He had more trophies than anyone else his age. For a moment, Charles thought it was because you back training drivers and were working with him.

Arthur later refuted this when Charles was grilling him that no, you weren't training Oscar Piastri. You actually hadn’t had much interaction with him when you would come down to F2.

“Does this mean you’re talking to Y/N again?” Arthur had asked, assuming that’s why Charles was asking about you. “Can we be friends with her again?”

“No.”

“You know maman still doesn’t believe what happened.”

Charles was known for being a nice guy, but he hung up on his brother. Charles really was one of the kinder drivers, but when Alex told them about the tweet, he had scoffed and sneered. When Oscar Piastri himself arrived in orange and held his hand out to greet the nice Monacoan driver, Charles glared and kept his arms crossed. Fuck this. He was not going to shake Oscar Piastri’s fucking hand.

Even though, deep down, Charles knew there was no need for this. Arthur had confirmed that Oscar really was just a really talented driver - Y/N hadn’t trained him. This was no Max Verstappen situation.

Moreover, it wasn’t like Charles was in Daniel Ricciardo’s position.

If it weren't for the million cameras recording the first meeting of the two Australian drivers, Charles could only imagine Daniel's reaction to the rookie. It was one thing that Oscar essentially took Ricciardo's seat.

The other was that everyone had seen him with you.

Admittedly, Daniel had a reason to not want to shake Oscar’s hand, Charles could reason. Even if he still thought Ricciardo was an espèce de putain merde for what he did to you.

Still, Charles couldn’t explain it. He wouldn’t explain it. He didn’t need to. The grid had so far understood it perfectly fine; you don’t go near Y/N. When Logan had joined the grid, Alex had the good sense to quietly fill him in on what had happened.

Why the fuck couldn’t Lando do the same?

Which brings us to right now: Bahrain 2023. A control unit failure meant a DNF for his first race of the season. When is this bad luck going to end? Charles retired his car, managing to make it past the McLaren garage on his way to the Ferrari red at the end of the Pit Lane.

It was just as well that his car was slowing to a stall. It meant that he managed to catch a glimpse of the McLaren garage - and the naive Australian rookie stood with a plate in his hands, very clearly eating some pancakes.

Charles almost drove into a mechanic.

It was 3am. $uicideboy$ was playing through your headphones. You weren’t wearing any shoes.

This could only mean one thing: you were doing calisthenics.

Your arms were shaking slighting as you bent your elbows and tucked your legs in before straightening them. Your grip on the parallette bars was slipping but you engaged your core tighter, hoping to keep balanced as you straightened out your legs and held the L-sit position.

Oscar had DNF’ed on lap 13. The media was already going wild with questions about his decision to ditch Alpine for McLaren and whether or not this was just karma. McLaren looked horrible. Even his teammate had finished 17th. No matter your feelings on the young Brit, even you had to admit Lando Norris was a decent driver.

During the course of pre-season preparations, wind had carried the gossip that Zak Brown had revealed the car to the team earlier this year with a sub-par level of enthusiasm. Whilst it wasn’t uncommon for cars to arrive at Sakhir with plans for future upgrades… you hadn’t thought it would be this bad. For McLaren. At this rate, the MCL60 was looking like a back of the field car.

What’s more the team was struggling. One only needed to look at their qualifying session to see how bad it had been. Engineers giving mixed reports. Oscar’s radio not working and getting out in Q1. Lando getting mixed tyres and getting out in Q2. A whole ass clusterfuck, in your opinion.

And Daniel had been there, smiling smug whenever the camera decided to pan to the Red Bull garage.

The song changed in your headphones. Your arm strained. You dropped, fell forward. Cue the stream of expletives that would’ve made even Guenther blush.

You knew that going to the gym after the race had finished up - a night race that - was going to mess up your sleep schedule. However, you were too wired after everything to go to sleep. You needed the dopamine rush. There was too much going on for you to process any other way.

Because, firstly, you needed to get rid of the image of Daniel’s smug smirk that was currently etched into your brain.

You had skipped your post-dinner protein shake and had your coffees black today. You had started your session with a series of HIIT sprints on the treadmill before you did as many pull ups as your body would allow. It had been quite some time since you had done calisthenics training so religiously but you were already internally creating a new program for yourself.

That is, you were already mentally preparing for the cut you had decided to undertake the moment Daniel Ricciardo had walked into the gym after finding out he'd lost his seat. And blame you for it.

You pushed yourself up off the ground and came to your parallette bars again. You grabbed each one and then lifted yourself up again. You closed your eyes and willed your brain to focus purely on the lactic acid running through your body.

Because, secondly, you were stressing more than you should about Charles’ DNF.

You had watched the testing sessions carefully. You always did. Always keeping an eye out on the red car with the black T cam. Charles hadn’t done too bad but, obviously, it was hard to give a genuine judge. Everyone always sandbagged.

For example, Red Bull didn’t look as strong in testing, but then came out on race day and finished as they did. You could be happy for Max, especially since Jos was in attendance and knew just what that meant… but you also knew how it would look for Ferrari that Carlos had finished fourth and Charles hadn’t even finished the race.

The car did look strong through. That was evident by how Ferrari had done in qualifying. Charles had out qualified Carlos, a narrow Ferrari 3-4 behind a Red Bull 1-2. However, your former childhood best friend had a bad luck streak unlike anything you had ever witnessed.

And even though the word ‘former’ was in the equation, you never liked seeing Charles like this. Even if he was likely the reason no one in the grid spoke to you anymore.

Well, until now.

Because, thirdly, Oscar Piastri threw a spanner in the works.

You knew how it was going to look. You knew. It was one thing for you to interact this closely with a driver. It was another thing entirely for you to unofficially train him. However, as Zak Brown had found out, there was no way you could be allowed to join McLaren as a performance trainer for Oscar.

When the young driver had filled you in about his meetings with Zak Brown and his particular stipulation, you called him an idiot and told him to sign. When Oscar filled you in about his new plan to be able to work alongside you through all the loopholes his father's lawyer found, you called him an idiot and told him it wasn't worth it.

"I beg to differ. If you don't want to, that's fine. But not because of whatever drama happened."

He knew the drama. It was impossible that a team principle had looked into having you as his driver 's trainer and not found out what had happened. It was also impossible that Oscar Piastri, former Prema driver - as in, former Arthur Leclerc teammate - and current teammate to loose tongue Lando, didn't know about you and Charles.

You had honestly just waited for the moment he would bring it up. He never did.

Because Oscar, you were coming to learn, was far more level-headed and mature than most the drivers on this grid. And he was so young. You didn't want to see anyone fuck that up. You really, really didn't.

Still, you said no.

Then a week later you saw that fucking tractor make him DNF.

You leaned forward and brought yourself down into a handstand, counting to ten before bending your elbows and lowering yourself slowly. You lifted yourself up and then tucked your legs once more. Your whole body was shaking more and more know but and you fought to breathe through it. You finally lowered yourself and let out a deep huff. Whilst you weren't pleased with how out of practice you were, you were a little pleased that you finally managed to lower yourself - instead of falling down.

You looked ahead at the mirrors and then saw a familiar face of the driver walking into the gym. Oscar dropped his gym bag near yours and went straight to the treadmill to warm up. You kept your eyes on him as you held yourself up on the parallettes and watched the young driver fiddle with his phone and earphones before starting a light jog.

You took a moment before you pulled yourself up and went over to him. Oscar met your eyes as he continued to jog. He pulled down earphone but you said nothing as you pressed the button to increase the speed. Oscar raised an eyebrow but said nothing.

"45 seconds on. 15 seconds off. 20 repetitions." You said. Oscar nodded and put his earphone back in. You shook your head. He frowned and pulled them down.

"You don't drive with music so don't play anything." You said. "Feeling something in your ear needs to become second nature."

He nodded and you went to his phone and pressed pause. Then you made a voice when you noticed that Ed Sheeran was playing.

"Don't judge me." Oscar said.

"I am. You're working out to fucking Ed Sheeran." You responded with a scrunched nose. Oscar shook his head, smiling slightly, but said nothing else. In the silence, you observed his form and counted his breaths. You noticed slight irregularity with his inhale and exhales and immediately pulled him up on it.

And so you spent the rest of the night training Oscar Piastri.

By the time you both finished, and he gave you a tired and sweaty high five, the clock read five thirteen in the morning.

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csuitebitches · 2 months

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What do you think about consumerism in relation to the "hypergamous" lifestyle?

Great question. I'm going to be honest with you. There’s no point in sharing my opinion, I’d rather share my observation.

there is this perception that you have to spend crazy $$, wear designer, go on expensive holidays, be a part of exclusive member-only clubs in order to bag a wealthy guy. The thinking is, “if I look the part, I will fit right in.”

let me break it to you. If you’re Asian, Middle Eastern - you come from a culture that basically defines marriage as something between two families and not individuals - you could live the above lifestyle, live way beyond your means but your chances of bagging a wealthy guy are low. If you do not have the family background or education level to support your lifestyle to be with a rich guy, it’s going to be very difficult, not impossible. You could bag someone who is upper middle class, but definitely not the 0.01%.

While it’s true that the rich do spend like crazy - you have to understand that (especially in Asians) the level of spending is completely different. They can book a first class emirates flight without caring about rates, they have access to concierge services, the circles are small but tight. It is extremely difficult to break into these if you don’t have the money or are extremely good friends with someone who is in this circle. To keep up with this circle is another financial headache.

The consumerism is crazy, it is high yes, but often it’s for things you might not expect. “Silent luxury”, investing in jewellery, properties, experiences, hobbies, drivers, PAs, 24/7 staff to take care of your home, having personal managers at the banks that have your accounts, seeing the top CEOs, politicians, actors etc as regular people - keeping up is not easy. Even if we look at normal stuff, like shopping for clothes - they’re able to blow this thousands of $ on a simple Hermes tea cup set, break it, and buy another one very nonchalantly. Not to mention the constant social gatherings, the clothes (god forbid you repeat), your life’s experiences etc etc. Women here don’t work to maintain their lifestyle, they work to enjoy what they are doing. Even if they stop working tomorrow, they will be financially taken care of by their families or husbands.

hypergamy here is completely different and obstructed. Let’s take my own example. I date boys that my family picks out for me - boys whose families own massive conglomerates, who are cultured and sophisticated, etc etc. I ended things with my last boyfriend because of multiple things, but what mattered most was that my father felt that he wouldn’t be able to provide for me the way I was used to all my life. (Even tho my ex came from a wealthy background too). At every social gathering that my parents organise or take me to, I’ve got my parents friends asking my parents if I’m single, if I’m interested in meetings their sons, etc etc. Dating and marrying hypergamously in Asian and Middle Eastern cultures is very much a family affair. There is a lot of talk that happens in these circles - who married who, whose kids are dating who, did you hear that A’s son fell in love with some middle class girl he met in college - not to your face, but behind your back.

What I’m trying to say is - you could look the part but still not bag the guy. You could dress nice, you could wear expensive perfume and make up but in the end, backgrounds are vetted extremely carefully. Especially in today’s day and age where looking the part has become easier than ever. So now when you tie this to consumerism, you can see why it can be difficult to keep up with this level of consumerism and spending. And even if you can - that may not guarantee anything. Unfortunately life isn’t like kdramas and some rich guy isn’t going to take pity on you and transform your life when he could just be with someone who has a similar upbringing which is more comfortable.

I’m not sure if I answered your question correctly, but I assumed that you were basically asking me if looking the part can get you any points in the hypergamy scene.

#q/a

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mbta-unofficial · 2 months

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If your city is a Brand, it’s already too late

Long post time. What is it that drives gentrification? Also, what is gentrification? Is it when a city gets blue hair and pronouns? No, it probably already had those.

Gentrification is the result of concentration of wealth in the hands of business owners, including landlords, over and above the hands of residents.

Let’s start with rent. Rent, like any good, is priced according to the laws of supply and demand. Supply of available rental housing is primarily determined by construction costs and estimated return on investment for new construction, and property management costs and estimated return on investment for existing units.

Breaking that down a bit, the higher construction costs get the higher the rent needs to be to break even on new construction. Construction costs include labor (which can always go down but you want it high for moral and practical reasons), materials (highly variable depending on the project) and bureaucratic costs. A bureaucratic cost is a cost that is based on how projects fit into the legal and practical environment, and are usually non-negotiable. Dig Safe, a program which requires three days of surveying local records before breaking ground, is an example where the function is to prevent crews from flattening a neighborhood by puncturing a gas main. Environmental Impact Statements, Fire Codes, Habitability Guidelines, and other regulations increase costs to projects. These programs are good and need to exist, but do stop smaller projects from happening at all because the capital investment required just to actually break ground on a new house might cost as much as the land and materials put together at which point you might as well build another 120$/sqft luxury midrise.

Property management costs for existing units are largely dependent on age and wear. A unit with no occupant is going to depreciate little, and may also appreciate in value. Depreciation and appreciation here are sort of unintuitive because they can happen at the same time. Imagine an old luxury sports car with a high resale price. Driving depreciates the value because it’s literal condition is poorer, even as the resale value goes up over time. The appreciation needs to beat both inflation and the value of depreciation for it to go up in real value. For companies with large capital holdings however, losses such as through the upkeep of empty apartment buildings are useful to a point because they reduce these organizations’s tax burdens. A company that makes a killing on the stock market only has to pay taxes if they keep it: if they buy houses they then don’t rent, they can claim they “lost” their stock market earnings with “bad investments” and then pay no tax while saving the real estate to rent later. Again, this favors the largest possible projects and the largest possible operators because small companies can be killed by an unprofitable quarter or 4 while large ones explicitly benefit from unprofitability in reducing their tax burden.

Expected ROI is the final piece of this, which affects both new and existing units. Every private developer and landlord wants to make as much money as they can, unless they are explicitly are renting as a service. An example of renting as a service would be families, who will rent to each other at favorable rates or for free, privileging people with large and/or wealthy families that are friendly with each other. Now, ROI is also subject to supply and demand. Everyone wants to build 120$/sqft luxury apartments but once everybody does nobody can sell/rent for those prices without setting a price floor and waiting for buyers to catch up. If you are a small developer, you can’t afford to do this. Your expenses will eat you alive. If you are a big developer, though, those expenses are offsetting the gains you make and serving to reduce you tax bill. Units at prices nobody can pay are effectively furloughed, meaning off the market, and, so long as they remain cheap to maintain, will remain that way, artificially restricting supply. It doesn’t matter if it’s for sale or not when it’s at a price you can’t afford. (Sidebar, anyone who tells you that the minimum wage depresses hiring because it artificially restricts demand is lying to you. It’s not strictly false, but like the above it’s a multi-variable equation and blanket statements about cost of labor are aimed at killing wages.)

What this alludes to also is a need for greater income equality. In order for rental to be a competitive option with furlough, not only does the price of furlough have to be increased, the real value of wages have to be increased in order to create opportunities for people to splurge. This is a twofold strategy, of both increasing the rewards of putting units on the market and increasing the costs of keeping them off. If real wages barely cover cost of living, or don’t cover cost of living, nobody can realistically spend more real wages on rent regardless of the percentage of their income it is. (Real wages here refers to the political power implied by dollar wages. A dollar is really worth whatever it can be exchanged for, whether that is a candy bar or a square inch of a 144$/sqft condo) The real value of everything except time and land are also constantly going down because of constant improvements in manufacturing. The cost in acres of land and hours of labor of a pound of beef, a bolt of cloth, or a pint of beer have dropped dramatically in the last century. Unfortunately, land is one of the few things that remains in marxist terms uncommodifiable, because it cannot be fully abstracted from the physical properties that make it valuable and we can’t make more of it just by making a better machine. This means that as the real value of things goes down because of supply and demand, the value of land only goes up because the supply is hard capped. If the value of everything under capitalism must go down because of increased production, while the value of capitalist assets must go up, or the system collapses, it makes sense that land would become a fixed point in that equation, the marxist speed of light observable from all reference points. The best approximation of land as commodity is, what else, apartments, which make available as living space the empty air above us. Because production never stops, the value of everything but land must go down. Therefore, as time passes, the price of land, and hence the price of housing, must tend upwards. Therefore, in order for housing to remain affordable, real wages must grow. This is the opposite of what is currently happening, as real wages have gone down for decades.

This income inequality which is one facet of capitalism is not new. For as long as people have lived in urban areas there have been issues between the abject class, the working class, the ruling class, and the professional class, a four part distinction I will seriously argue for in opposition to a lot of marxist theorists. The ruling and working classes ought to be familiar, or at least self explanatory. However, the other two classes I identify, the professionals and the abject, are useful to this analysis because they fill both a racial gap in the primarily marxist analysis I put forward and identify the two most likely groups to rent, which is to say the worker who works to produce but owns without governing and the professional who works to govern but does not own. The ruling class both governs and owns, but its court is full of courtiers who are there to push various agendas from within the rule of law without per se producing. Likewise, the working class pensioner exists in opposition to the abject who is denied the opportunity or the resources to be productive explicitly as a means to manufacture a threat against which inter-class solidarity between the workers and the rulers is developed. The textbook nazi conspiracy theory about “elites” doing a great racial replacement picks out perfectly what I mean by both the racial character of the professional and the abject and their utilization to foster solidarity between your plumber uncle and Elon Musk. This is relevant to both the broad theme of gentrification and the narrow theme of rent because gentrification is a wedge issue that divides the working class and the professional class far more than its impact on any other. The working class’ disidentification with doctors, lawyers, PMCs and other yuppie types, as well as the professional class’ disidentification with union politics, illegalism, and radicalism in general is brought to firecrackers in virtually any conversation about gentrification which seems in passing to be more about tapas bars than about real politics. Likewise, these groups shared distrust of and disdain for the abject, who are explicitly labeled by the state as constitutionally guilty, is the basis for the very broken windows policing strategy that empties neighborhoods of minorities regardless of class. The Rent is Too Damn High, and excluding homeless people from the “working” working class is a big part of how we got here specifically because the interests of small time owners and small time government functionaries, carried to their conclusions, are necessarily self defeating. These two groups eliminate the presence of the abject from their spaces at their own financial peril.

In addition to class, there is also a specific historical movement that is crucial to the understanding of gentrification as it exists, which is the movement of factories in search of cheap labor. The United States is not a good place to find cheap urban labor. You build a factory and suddenly everyone complains about air quality and labor violations and you can’t just kill them because everyone has lawyers. You kill one (us citizen) organizer and the NLRB is trying to get you in court for intimidation. What’s the country come to? But a shipping container costs a quarter cent per mile and the goods aren’t perishable so you go to Guangzhou or Cape Town where you can kill union bosses in peace. But for the American city, that’s a loss of what once made land prime real estate. What jobs can replace the insatiable demand for labor that a 24 hour paper mill once produced? Service labor, which crucially is site specific and therefore not outsourceable, is what the US has predominantly turned to. (and arms manufacturing which is not outsourced for very different reasons) However, service labor is only in demand if there is already a stable population that can be served, which requires a constant influx of capital holders in demand of service. This is why Airbnb exists and is hollowing out rental availability, why Boston as a college town is the way it is, and why there are in fact so many damn tapas bars. Fred Salveucci talked about being able to go north of the expressway in the 70s and being able to get a plate of mac and beans for half a buck. I went looking for a 5$ slice of pizza on my lunch break today around Government Center and found two places that were boarded up and ended up spending 20$ at Chilacates. Cities are being slowly turned into Cancun, complete with the fences to keep out the homeless.

What can be done about this? Obviously the factors we’ve discussed that favor consolidation of housing are mostly either contained within a gordion’s knot of tax policy or intrinsic to capitalism/goods as commodities. But, given that we narrow our objectives to making the rent lower, some obvious weaknesses jump out: increasing the cost of vacancy forces units out of furlough, because companies are no longer able to justify the losses, and increasing real wages increases the availability of capital for workers to spend on rent. These are the prongs I talked about earlier.

Legal means to pursue each prong exist. Both a minimum wage and a maximum wage, depending on their implementation, can potentially increase real wages, and vacancy taxes directly increase the costs of vacancy. The government can also ignore the market and directly mandate maximum rents within certain parameters. This tends to decrease the long term supply of housing for the reasons discussed at the outset, given that if the revenues from house building don’t cover the costs of building, less gets built. However, any political movement that exists exclusively within the white lines of the law fails to genuinely threaten change. Landlords, like bosses, break the law constantly with the impunity that a lawyer provides them against consequence. This is why a healthy dose of illegalism is an important part of any effective political movement. The most direct action one can take is property occupation, or squatting. Squatter’s rights are nearly non-existent in the United States. The most leeway that any state grants to any unknown persons occupying a dwelling is 60 days notice to vacate the property, and there are states that allow no notice evictions or lack statutes governing squatting at all. Every single state regards the occupation of owned property as trespassing, meaning most kinds of squatting are prosecutable offenses. However, squatting, even temporarily in ways that don’t expose the squatter to liability provided they don’t get caught, can seriously impact the value of properties. You have heard of rent lowering gunshots. This is the serious version of that. At the same time, illegal action needs legal defense, both in terms of non-compliance with police to protect those willing to take illegal actions from arrest and in terms of legal, 1st amendment protected disruption to keep focus on the issue. The most effective movements have a radical wing and a institutionalist wing who do not acknowledge each other but share the same tactics and objectives.

If you are housed, you need to be willing to protect and support homeless people because they are your front line. Start or join an Occupy movement, where they are your peers in occupying a public space illegally in a way that is too public to prosecute. Give to people on the street, and smash anti-homeless architecture if nobody is watching. Be willing to distract cops if you see someone doing something dodgy so they can get away. Remember that following the law is a tactic, and so is breaking it.

The case for this being on my transit blog is arguably weak, but I felt compelled after a particularly hateful experience looking at facebook memes about homeless people on the T. You should want those people there. You should want those people breaking down the doors of luxury apartments and setting up shop. You should want them keeping your city safe because the cops you hire to separate you from them will train their guns on you next.

And for gods sake, don’t let your city become a brand. Branding is marketing. Branding is clean, and bloodless, and a gloved hand around your throat that leaves no fingerprints.

#long post

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kaepop-trash · 3 months

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would u indulge us with a lil teaser from an update ur working on? 👀🤲

So I wasn't sure if I should post this because idk if I'll finish it, it's mostly just a worldbuilding experiment. I was writing this to work on this world so it's just a bunch of scenes with no continuity. That being said, this is the thing I have written the most in the past few months so this will have to do.

Summary: "This better be good." (Y/N) sighed into her coffee cup, less from sleep and more because of how awful the station's coffee machine was. "You've called me in exactly 8 hours into the one day I took off in two months."

"Two officers on night duty picked up a suspect near the meatpacking factory. I thought you would like to interview the potential suspect. Since this is your case." Kun shrugged, his holster rattling at the movement.

Warnings: Excessive exposition, no payoff

Word Count: 1666

When her fingers wrapped around the doorknob, there was a small shake in them. Her knuckles tightened in an effort to hide it, flexing just to be sure.

She spoke the moment the interrogation room door pushed open, “Your lawyer wanted me to ask you if you still don’t want him in here.” Talking to the floor, she turned to shut the thing behind her. A good enough start, she told herself.

“I apologise for his persistence. I asked him to leave but he is wary of his job.”

“It would be unfortunate to lose a client like you, I assume.” Kun spoke with his signature interrogation voice, impassive but with an edge of sympathy. The man laughed as she turned to face the room. Despite preparing herself this entire detour to meet his gaze head on, she lost her nerve and looked to Kun for some reassurance. He caught on, turning and giving her a pursed smile.

“Mr. Suh was just telling me about why he was in the area this late in the night.” Kun pointed at his pad, letting her know that he’d been taking his statement.

“I am looking to buy two of the five abandoned factories in the district. I was just scouting the area to assess my options.” He spoke slowly, his gaze dragging away from Kun in a leisurely stride before landing on her.

“At two in the morning?” She asked, the solid question giving her the confidence to finally meet his gaze.

“I’m a busy man.” He answered with laidback ease. Like he was having a dinner table conversation instead of being suspected for murder.

“And what do busy men like you do that require you loitering on private property at questionable hours?” She asked the question in her mind.

In response, his lips lifted in an amused smirk.

“She’s new here.” Kun spoke with an awkward weight on his tongue. The man seemed amused by the information, giving her a questioning look as Kun turned, “Johnny Suh is the sole owner of the Miti Conglomerates, the largest transportation service this far out on the edge of the known universe.”

“Well, on Xohorat I am mostly the owner of the only hotel on the planet. I am sure you had to stay there since you are new here.” He asked her, visible humour illuminating his eyes.

She did have to stay in that hotel, almost a year ago— when she was actually new to the planet. The most luxurious stay at the end of the universe. That is what the fliers over town and her transfer officer had informed her. In reality the room she could afford was the equivalent of an airport hotel way out on the opposite side of the universe. Her home. Not bad but more practical than luxury. It also hosted an interesting bar. All of this, of course, Johnny Suh already knew.

"Where were you on the twenty-fifth evening?" She asked him, fixing a discerning eye squarely on him.

"In my office. Working. I can provide the surveillance footage by tomorrow if that will help your investigation."

Overeager. She deduced, still keeping her eyes on his every movement. Despite the words, his body language was completely disarmed. There was no nervous shifting, no restless tapping, not even a frown.

"Did you ever have an association with a Mr. Pilem?" She pretended to look for the name in the file.

"I've never heard that name in my life." He answered after a pause to consider it. Perfectly orchestrated or the truth, she deduced. Those were the only two options she had.

"He was fairly well off. I'm sure on a planet as small as Xohorat, your circles might have overlapped?"

"Your partner told me he is a legislative clown,” He dragged his gaze from him to her, fixing her in place, “I don't mix with reformists."

"We are all reformists in this universe, Mr Suh." Kun chimed in, sounding rather serious.

"So you're a factionist?" She moved on, "Any animosity towards the government? Is that why you live this far out?"

"You live here too. What are your allegiances?" He pointed a finger at her. Despite the jest in his tone, he seemed to want an answer, "I am a man of business. Xohorat is a cheap hub for storing ships. The people of this colony are born engineers. My ships are the best in the galaxy at the fraction of the cost of the ones stored on moons closer to the reformer capital.” He sat back.

"The centre of the universe." Kun corrected him. That is what the capital was, after all. (Y/N) really had to curb the urge to tell Kun to drop it.

The words made the man look at Kun, his scoff that of pity, "The universe is the largest thing to exist. It's ceaseless pride that makes us think that we've discovered the centre of it."

Kun, she noted, looked momentarily taken aback. In his entire life, no one had said those words out loud to him. So obvious when spoken but never questioned. The outer planets were quite religious, she'd been surprised to learn. This far away from the influence of the capital, the laws were bleak. Her being here alone was a laughable matter, as she had learned pretty early into the job. Cops here only patrolled in cars and caught petty thieves. Detectives were simply government sanctioned employees chosen by the federal state. It was an illusion of order to keep up the illusion of empire this far.

Yet the reformist religion was stronger here than it was amongst the capital elite. Growing up, it had looked to her like people merely followed the tenets of the religion as a social obligation. For reformers, Wednesday evenings were for breaking fast with the community, a religious practice that made the community come together in the middle of the week to remember the gift of prophecy. The one that led the first explorers to the very centre of the universe. In the capital, the centre of the prophecies, Wednesday was a weekly dinner party to negotiate the happenings of government.

But here in the fringes of the capital's grasp, the religion was followed in the strictest ways. Here they still worshipped the original sun. The source of all energy that allowed the universe to be what it is today— inhabited by human beings. It was as if the world here had not moved past the exploration age, stuck in the beliefs that stopped the space farers from going insane on their long, tireless journeys to reach here.

If Kun had anything to say, he must have swallowed it. Instead, getting out of his chair.

"Would you like a cup of coffee, Mr. Suh?" He asked him, getting a nod in response. When Kun looked at her, she shook her head.

"Some water." She told him.

She followed Kun's retreating frame, so aware of the other pair of eyes on her that, for a moment, she felt like the one under scrutiny. The halogen bulb above them buzzed obnoxiously, filling the room with a sound that resembled the one in her head.

"An odd place for a factionist." She said out loud, aware by now that Kun had taken his place behind the glass in the small room right down this one. Watching as she did her thing.

"Where are you from, Detective (Y/L/N)?" He questioned, splaying his hand across the table and landing close to hers.

"Way out in the western reaches." She thought of the place she was born, balmy all year round.

The man, Johnny Suh, hummed, "Nice place?" He inquired.

"It can be. Why are you trying to buy abandoned factories on the bad side of town?"

"It is no more a bad side than this is the good. These are just some people looking for jobs."

She stared at the man, perhaps trying to reconstruct him from memory.

"And what about this murder that took place in the area?" She asked point blank.

"It didn't happen on any of my properties. Present or future. I simply assume it comes with the territory. It can be rough to live in that much poverty."

All his answers were deliberately diverted. Her brain itched in unreachable corners. Everything seemed okay but something seemed not. Something did not feel right.

"These murders were all people who did not belong to that side of town. People who would not usually be there." She explained.

"Rich people?" He sounded amused.

"Reformists. The important kind." She frowned, "In the past few months, enough have turned out dead in those parts that it would be concerning to anybody. Even those with a knack for philanthropy."

Johnny's lips twitched, and she had to sit up straight. Despite having seen the man naked, she remembered with a current of warmth sliding down her spine, she only now realised that she'd never seen him smile.

"I'm afraid I was just minding my own business. You can send someone to take a look at the tapes, I can't hand them to you as it's against company policy. Beyond that I can let you know if I hear something. I hope that's all?"

She stared at him, the strings at the back of her mind tugging but being unable to find any visible suspicion to act on.

"It must feel nice, though." She caved and asked the question raking her mind, "As a factionist, watching them all found dead. The chief planet advisor, the official notary's son, the Sol Pastor. All essential members of reformist society. All important contributors to the southern edge system."

"My condolences to them and their family." He didn't sound apologetic, “But I am not a facionist, merely someone who thinks.” She wanted to scoff at the jab, knowing Kun heard him loud and clear. Out of everything he said today though, this one she was sure was a lie.

#johnny drabbles #johnny scenarios #johnny x reader #nct johnny #johnny suh #nct drabbles #nct scenarios #nct x reader #kpop drabbles #kpop scenarios #nct 127 #nct fluff #johnny fluff #johnny fic #kpop au #kpop smut #kpop imagines #nct #johnny

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