– three repatriation flights cancelled
As she awaits an opportunity to return home, one Guyanse woman has been sleeping at a train station in the United States because she has no money to pay for proper accommodations. She is among the many Guyanese who are feeling the financial strain of being stranded in New York as a result of the coronavirus disease 2019 (COVID-19) pandemic and are desperate to return home. “So the Guyanese are really suffering,” Bibi Hussain, who is also seeking to return home, told Sunday Stabroek yesterday and related the predicament of the woman sleeping at the train station. Continue reading
New York: Why Manhattan’s Skyscrapers Are Empty – commentary
New York Luxury Skyscrapers
Approximately half of the luxury-condo units that have come onto the market in the past five years are still unsold.
In Manhattan, the homeless shelters are full, and the luxury skyscrapers are vacant.
Such is the tale of two cities within America’s largest metro. Even as 80,000 people sleep in New York City’s shelters or on its streets, Manhattan residents have watched skinny condominium skyscrapers rise across the island. These colossal stalagmites initially transformed not only the city’s skyline but also the real-estate market for new homes. From 2011 to 2019, the average price of a newly listed condo in New York soared from $1.15 million to $3.77 million. Continue reading →
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