Report: Investment Sales Mostly Hanging In There
Property Shark recently released its first-quarter investment sales report for 2008, and the numbers for Brooklyn show a market that’s certainly seen better days but isn’t completely tanking. The report tracked the sales of two-, three-, four-, and five-or-more family dwellings/mixed-use properties (so no condos, co-ops or other commercial/industrial buildings). Basically, the worst trend in…
Property Shark recently released its first-quarter investment sales report for 2008, and the numbers for Brooklyn show a market that’s certainly seen better days but isn’t completely tanking. The report tracked the sales of two-, three-, four-, and five-or-more family dwellings/mixed-use properties (so no condos, co-ops or other commercial/industrial buildings). Basically, the worst trend in Brooklyn—and this was true for all the boroughs—is shown in the graph above: There was a 37 percent drop in the number of sales as compared to the first three months of 2007. In fact, every borough did worse than Brooklyn on this score, with Manhattan posting a 49 percent year-over-year decline in sales volume. The median price per square foot and median sale price on investment properties in Brooklyn didn’t change much in recent months or over the past year. The median price per square in the first quarter this year was $237, down 3.6 percent from the same period in 2007, and the median sale price was $665,000, up 2.3 percent from the first quarter in ’07. The only big drops in median prices between 2008 and 2007 were seen in transactions involving large (4-family and bigger) properties. It’d be interesting to know the extent to which big-ticket brownstone sales are keeping us (barely) afloat.
First-Quarter 2008 Investment Sales Report [Property Shark]
lol,
so typical of a left winger, they always try to discredit opposing views on emotional entreaties instead of factual ones. thus the spell check polemic bxgrl attempts to pass off as having some semblance of credibility. Cane, Kane or Cain, if you want to get technical, I’m sure they weren’t written in English originally so any modern English interpretation is pretty much valid, wouldn’t you say?
For a theology major you must have missed a few semesters if you think the basis of judaism is the Golden rule, not even jews would say that. As far as religious philosophers, I’ve read plenty from Maimonides to Kant and Kierkegaard (spell check )with a little Woody Allen thrown in.
One thing is for sure, you seem to have little grasp on the nature of religion outside your own little leftist leanings. Hint, the world is much bigger and harder and religions are not always about finding easy feel good solutions. Some religions are quite harsh in fact.
In typical lib fashion , you discredit any facts that you disagree with as questionable. funny how we heard nothing of voter disenfranchisment in the last elections of 2006 (which dems largely won), but whenever dems lose big time, it must be fraud. think about it. really. think about it.
You seem to fancy yourself an intellectual but you seem more like a garden variety leftist with a grudge against the “establishment” because you never had the cajones to go out and actually achieve. Like most academics.
Here’s a clue, Republicans are not evil incarnate, begin your journey to enlightenment by understanding that true wisdom begins by understanding how little you actually know.
PS. You spelled “publically” WRONG. lol, lol
it’s spelled PUBLICLY….you silly liberal. That was your first lesson.
PS- you might also take a look at articles in today’s Times and Washington Post if you think the economy is not in trouble and the editorial about the Bush Administration and how it manipulated scientific findings. So the fact that you got a few numbers from the NIH site doesn’t really prove much.
Well, 10:18- if you understood what I was saying, I did not say your stats were
anecdotal, but I was using your own words to reflect a lot of generalities you spouted.
As for your stats- as any statistician would point out, it’s all in the interpretation of
the numbers and as any accountant can tell you, the numbers can be skewed. frankly i wouldn’t trust any statistics that any agency under the Bush Administration puts out because even the scientific agencies have been politicized (as they have publically and vehemently protested). So again- your stats reflect only what you want to say- c’mon- a heart disease spread from 5-50? How about the stats from 30 – 80? that’s much more accurate and you know it so cut the smoke and mirrors.
As far as my enlightenment, (although you’ll dispute this because you think you know me so well) I don’t believe in entitlements but I do believe in extending helping hands to those who need it.If your idea of “true enlightenment” means my comprehension of what money does, not only are you in error as to my understanding, but you have a very poor comprehension of what true enlightenment refers to.
One last note, since you claim to know the bible so well. it’s Cain, NOT Cane (the
plant)or Kane (the canceled Jimmy Smits TV soap)-your interpretation had me in stitches. In fact Cain is asking G-d is he supposed to be responsible for his brother, and
G-d is saying yes. It is not the the polytheistic man as puppet crap (jeez- what new age book did you get that out of- and please do not tell me you channeled Martin Buber,Martin Luther, or Occam). You don’t even know how to spell Cain correctly, and I’m supposed to take your interpretation of the Old Testament seriously? You have no comprehension of the basis of Judaism, which is “do unto others as you would have others do unto you.” You have little to no understanding of the teachings of Christ and I won’t even think about what you don’t know about the Koran. It’s about social responsibility but if you would like a further cultural/anthropological treatise on why that is an important concept even in today’s world, get a degree in it like I did.
bxqrl,
In response to your comments; are my stats anecdotal? I thought the definition of anecdotal was: that which is based on personal experience. The data I gave you was not anecdotal but empirical, that is, based on hard evidence and the scientific method. You obviously confuse the two.
As far as the biblical references: you prove my point: Cane’s response to
God upon his inquiry about his brother Abel, was “Am I my brother’s keeper?”, this has been interpreted by theologians as part of the seminal change in man’s relation to God, from the polytheistic “man as puppet” concept to the Judiac “man questioning his place in god’s world” concept. In other words, Kane ,for all his shortcomings, was in effect asserting man’s own role in his destiny within God’s world as opposed to being relegated to the role of pawn in a larger play.
God helps those who help themselves is another concept that I’m all about. Give a man a fish and you feed him for a day, teach him to use a fishing pole and you feed him for life.
As far as the rich man getting into heaven and the camel through the eye of the needle, I never claimed to be “rich”, only not poor. and besides, you obviously have preconceived notions about money and those that have it, it is only a means to an end after all. the sooner you realize that the sooner you will reach true enlightenment and stop advocating more entitlements.
At least the Hassidim have learned their lessons well, their ancestors wrote the old testament after all, they seem to be actively involved in their own futures.
Hasidim are intensely community oriented, and unfortunately sometimes to the point of insular but it has always been a part of Jewish society to take care of its own (and also engage in general good works) so yes, I believe they pool resources to invest and to use for the general good of the community. whether or not they will or are suffering from the credit crunch is hard to know but since they are invested in so much real estate, it has to have some impact. I don’t know that you would call it a private banking system, but maybe pooling resources for community use functions like one in reality.
It’s also interesting that a number of other emigrant groups also pool their resources and it allows those who couldn’t afford to buy homes or start businesses to do so.
This is not one of those “Elders of Zion Protocol”-type posts, but I’m wondering how the brooklyn numbers are affected by the number of Hasidim buying up properties? My understanding of this is hazy, but don’t many Hasidim have access to funds within their community that allow them to buy — thereby avoiding the credit crunch affecting other potential investors? I won’t go so far as to say “private banking system,” since that makes me sound like a conspiracy-theorizing wing nut, but I thought I heard that somewhere.
Anecdotally, at least, I know that there are a good number of properties that have been bought in Clinton Hill and Fort Greene as investment properties by Hasidim, and tons in Bed-Stuy.
Just wonderin’.
In that case tell me where those stats come from and may I also point out that the huge age spread kinda skews the statistics. How many 5 year olds, as opposed to mature adults, have heart disease?
Sadly, I’m no Mother Theresa either, but on the other hand the only one using “anecdotal drivel” in their posts seems to be you. Not to mention, for someone who refers to the 3 great holy books, isn’t there something about rich men and the Kingdom of Heaven? You can’t pick and choose your bible lessons (yes, G-d helps those who help themselves but there are quite a few lessons about compassion as well – “am I my brother’s keeper?” and do unto others)
bxgrl,
Here are the self-evident facts you asked for:
Incidence of Heart disease in age group 5-50 about 1%
Incidence of Diabetes in age group 5-50
about 2%
Incidence of Cancer in age group 5-50
about .5%
Check out the NIH website.
Do the math. Try some objectivity for once, not anecdotal drivel.
Sure I work in healthcare, that doesn’t mean am mother Theresa, it means I help those in need. Which means only about 2% of us.
2:51- I would have to say with your attitude about health care in this country you’re exactly the kind of person who shouldn’t be working in it, or with the poor. Maybe you’ve forgotten what it was like? It’s all too easy to say people can afford health insurance but they’re too cheap. what kind? Because the cheapest kind is not near enough if you get sick. You make some pretty out there statements- since you seem to think you have an insider’s view, why don’t you prove it- where are the stats on a statement like: “Here’s another secret, most people go through their lives, for the most part, without health issues. Most people from 5-50 have no health issues, in fact.”
and “That’s my philosophy, and guess what? I’m backed up by most people”
You’re telling us you’re in on the secret- prove it with some facts.