The Surreal Estate

Perspectives on Tenant Organizing from the Urban Homesteading Assistance Board

Daily News: “Irate tenants accuse Bluestone Group of ignoring slum conditions just like previous landlord.”

This morning, we wrung our hands and wracked our brains trying to make sense of the deal that Gazivoda Realty struck with Hudson Valley Bank and the Bluestone Group. As we stared at each other around our conference room, the Daily News published this article.

Daniel Beekman interviewed Andres Rios, tenant at 1585 E. 172nd street. Andres’s fury, and simple desire for a safe, livable home, strengthens our conviction that this deal does not make sense, and that the debt-dumping must be stopped. 

When the Bluestone Group bought the debt of six Bronx slums 15 months ago, it promised to fix up the rotten buildings and make life bearable there.

But tenant advocates warned that the Manhattan-based company had overpaid and was looking to make a quick buck.

Last week, Bluestone sold the debt for a handsome profit and walked away.

Now the tenements that sent slumlord Sam Suzuki to jail in June 2010 have their fourth owner in three years.

“You gotta to be careful who you invite to your house,” said Andres Rios, a tenant at 1585 E. 172nd St. in Bronx River. “Or the devil will bite you.”

Read more at The Daily News.

 

 

 

About these ads

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 1,163 other followers

%d bloggers like this: