Art in the eye of the seller

Jon Bon Jovi wants to sell his SoHo loft for $30 million, according the New York Post, but not a lot of artists can afford that and technically most of the lofts in SoHO and NoHo were converted from commercial uses under the Artists in Residence law. Back when, the law was a trap for building owners who sought temporary residential tenants when industry left and politicians jumped in to “save” the starving artists. Now it’s backfiring on the artists. Bottom line, perhaps politicians should let the market decide what is a residential neighborhood.