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Brooklyn’s doing just fine, if you believe yesterday’s bullish article in Crain’s: In the first six months of the year, almost 25,000 borough residents found work, more than 200,000 square feet of commercial space was rented and retail rents began to stabilize. Why? Brooklyn’s such a desirable place to live now. Certainly, for anyone under 30, Brooklyn is now their first choice and not their second choice, says Doug Steiner, president of Steiner Studios and not totally unbiased given his interests in real estate development (80 Met). Let’s hope Crain’s is onto something!
Brooklyn Feels the Love of Rising Economy [Crain’s]


What's Your Take? Leave a Comment

  1. Or just wait ’til prices come down to you range and employment becomes stable. Nothing wrong with that either. In fact, something very wrong without that if you’re not wealthy.

    ***Bid half off peak comps***

  2. Our economy is slowly dying, it is kept alive artificially. No one is proposing a solution because no one has the slightest idea of why it is happening and many have vested interest in the present system. However an objective observation of the phenomenon can help us understand it and provide us with an innovative solution. Of course we can’t solve the problem with the tools that brought us there in the first place and we need a new ideology.

    _______________________________

    – Do you feel that your ideology pushed you to make decisions that you wish you had not made?

    – Well, remember that what an ideology is, is a conceptual framework with the way people deal with reality. Everyone has one. You have to — to exist, you need an ideology. The question is whether it is accurate or not. And what I’m saying to you is, yes, I found a flaw. I don’t know how significant or permanent it is, but I’ve been very distressed by that fact.

    – You found a flaw in the reality…(!!!???)

    – Flaw in the model that I perceived is the critical functioning structure that defines how the world works, so to speak.

    – In other words, you found that your view of the world, your ideology, was not right, it was not working?

    – That is — precisely. No, that’s precisely the reason I was shocked, because I had been going for 40 years or more with very considerable evidence that it was working exceptionally well.

    _______________________________

    An Innovative Credit Free, Free Market, Post Crash Economy

    A Tract on Monetary Reform

    http://post-crash.com/credit-free.html

    _______________________________

  3. Heather, I believe there may be some little pockets where you can find a two bedroom apartment in an area with decent schools for $300,000 or so. I am thinking of Jackson Heights, maybe some of the areas further out in Brooklyn such as Bay Ridge, maybe Inwood (not familiar w the schools there), etc. Or just rent. Nothing wrong w that.