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December 28, 2007
Six Months Later: Open House Picks 6/29/07
Comment: Makes sense the Clinton Hill manse would take a while to sell, though you have to wonder how realistic the price is. If anyone has info on the Bay Ridge listing, drop a line.
Open House Picks 6/29/07 [Brownstoner]
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Comments
That Clinton Hill property has been overpriced for TOOOO long. They should have gotten a grip months ago! I think it was on the market well before the June listing above.
Posted by: guest at December 28, 2007 1:17 PM
That Clinton Hill property is a scam. They bought that mansion plus another double lot with a carriage house that is now on the market for 1.6m (see link below). They paid 3.5. They want to make 1.6 million profit in literally a few months, having done nothing to either property. That's not avarice, that's just delusion and laziness. I hope this sits on their conscience (and the market) for years.
It's of course rather sad, since the mansion is beautiful and if it had been bought by a family instead of a speculator it would've been a fantastic jewel in the beautiful neighborhood's crown.
Then again, Pratt chose to sell it to a speculator, so its just karma that they have this decrepit beauty as a reminder of their greed.
Oh this is the rest of the property:
http://www.corcoran.com/property/listing.aspx?Region=NYC&ListingID=1070475&ohDat=
Posted by: guest at December 28, 2007 1:38 PM
Market is fine. Carroll Gardens prices still strong and only getting better. I have heard from a few broker sources about a few properties in Carroll Gardens that are in contract for over asking. These were properties that went on the market in Sept/Oct time frame.
Everyone calm down (especially if you're in it for the long term).
Posted by: NewYawker at December 28, 2007 1:42 PM
1:38,
Jerry Minsky greedy?!!?? Come on!! How dare you disparage the Minskter!
Posted by: Brooklynnative at December 28, 2007 1:44 PM
I bet the property on Washington got some greatoffers but, the owners was just to greedy. The ship has sailed out, no more Mutant Real Estate Bubble. Be ready for some asspounding in 2008.
U.S. Economy: Sales of New Homes Tumble 9% to 12-Year Low
http://www.bloomberg.com/apps/news?pid=20601087&sid=a07XiAPBo7SY&refer=home
Someday this war is gonna end....
Posted by: guest at December 28, 2007 1:53 PM
Um, a Carroll Gardens place place goes on the market in June, into contract in July for $10k over ask, and closes in September at that price, and you take it as a sign that ALL IS WELL? Stop deluding yourself.
The NY RE market is headed nowhere but down for the next year or so. Agreed that it isn't a big deal if you have quity and are in for the long term. But if in 2008 you 1) need to sell and move to a bigger place (because of kids, etc), 2) need to sell and move to a new city (for work, etc) 3) need to sell to fund your retirement, or 4) find yourself unemployed and stuck with a huge mortgage (this applies to more than a few people I know), you are going to have to suck it up and take a lower price.
Posted by: guest at December 28, 2007 2:05 PM
I believe Bay Ridge house was taken off the market.
Posted by: guest at December 28, 2007 2:05 PM
The Washington Ave house is one of many Clinton Hill properties that will never sell until price is drastically reduced.
Posted by: guest at December 28, 2007 2:08 PM
Carroll Gardens is prime.
Clinton Hill not so much.
Both areas boast beautiful houses
but there is a difference.
Do you recall the last time there was
a shooting in Carroll Gardens?
Neither do I.
Posted by: guest at December 28, 2007 2:24 PM
Wait, was someone comparing Carroll Gardens to Clinton Hill? Or did I miss something?
Posted by: guest at December 28, 2007 2:33 PM
No. Someone who lives near the BQE was just feeling insecure.
Posted by: Emigre at December 28, 2007 2:48 PM
1:48 - broker shill. Look at those condos sitting on the market in Carroll Gardens' brownstone renos, not to mention the condos at the Arches that continue to sit (seems like listings there are a-poppin' up regularly). The price cutting started months ago, is going strong, and will continue into the new year.
"I have heard from a few broker sources" - what an idiot. That alone says it all.
Posted by: guest at December 28, 2007 2:49 PM
Sorry, meant 1:42 (broker shill)
Posted by: guest at December 28, 2007 2:50 PM
Only the remnants of the mafia know when was the last time someone in Carroll Gardens was shot. (They usually dump you in the gowANUS canal instead.)
Of course, 2:24 would never admit that the other side of the BQE was once part of their nabe, but that doesn't fit into their lame argument.
Posted by: guest at December 28, 2007 2:52 PM
Well, at least the mob is more careful about stray bullets hitting innocent bystanders, a la Crown Heights shooting last week.
Posted by: guest at December 28, 2007 3:12 PM
New Yawker: All is well. All is well! ALL IS WELLLL!
That post at 1:42 reads like simmering desperation about to boil over into full blown panic.
Posted by: guest at December 28, 2007 3:22 PM
Actually, 2:05pm, those who have to sell because they are moving to a new city are in a great position, even if they sell for less than they could have sold their place for a couple years ago.
Do the math. That person may take a 10-15% lower price selling their Brooklyn house, but then in the city they are moving to, they are buying a place that is discounted 20-30% (or even more, depending on the city). If someone has been thinking about leaving NYC it's actually a good opportunity right now to do so.
The others doing fine are those who have no plans to sell. Which leaves us with the question, who should be worried? Flippers, that's who. Those are the only ones. And who cares about them. It was their choice to take on that risk.
Posted by: guest at December 28, 2007 3:50 PM
It's so fun to see how easy you take the bait. Have a Happy New Year everyone! Hope we all continue to make money in 2008.
Posted by: NewYawker at December 28, 2007 4:11 PM
You have to be a serious asshole to gloat about the fact that it was somebody else's neighborhood rather than your own in which two teenagers were shot, execution-style, in the head. Fuck you very much, Guest 2:24. I'm sure plenty of people have been whacked in Carroll Gardens, as there have been on Park Avenue, and in Dubuque, and everywhere else.
That said, I love Clinton Hill, Carroll Gardens, Cobble Hill, and all of these beautiful neighborhoods. Girls, you're all pretty.
On the Washington Avenue property, I agree that the price seems pretty damned unattainable, but it's interesting to watch Minksy try. For those of you who don't live in the neighborhood (I do), he's been trying his damndest to up the place's curb appeal--he totally landscaped the front yard, has been repairing the badly damaged cornice, and even went so far as to put Christmas candles in each window... (Wow, do those decorations come with the place? SOLD!)
Hey, you gotta hand it to the Minkmeister for trying.
Posted by: Rehab at December 28, 2007 5:04 PM
Maybe he should just buy it himself, renovate it, and sell it. Problem is, he especially knows how bogus that pricetag is.
Posted by: guest at December 28, 2007 5:10 PM
Rehab,
I totally agree with you regarding the Minkmeister. I was strolling by that property the other day and was surprised to Minky out there raking up the leaves and planting some rose bushes. He had a couple of workers helping him but he clearly doesn't mind getting his hands dirty. In fact, next thing I knew, he was climbing up a ladder and he started working on that cornice. Told off the roofer and said he could do a better job himself. Minkwinkster is the hardest working broker I've ever come across and you've got to love that smile.
Posted by: Brooklynnative at December 28, 2007 5:45 PM
Why are things selling faster in Carroll Gardens than in neibs like Clinton Hill and Crown Heights? Carroll Gardens is really really safe, it was one of the safest neighborhoods even in the bad old days. The story was that it was where the Mafia's mamas lived. Mrs. Gigante did live on 1st Place and liked to grow tomatoes in her front garden. Those tomatoes, that house, and the entire block, were the safest in the whole city, Nobody, nobody, messed around with folks in Carroll Gardens. Those houses are now occupied by the grandkids(these folks never sell). It is still the very safest neib in Brownstone Brooklyn, square and straight, and crime free.
Posted by: guest at December 28, 2007 6:02 PM
Let's not lose sight of the memory that until not long ago (and still?) non-whites where not exactly invited by the welcome wagon in Carroll Gardens. At one time, residents looked at you cross-eyed if you were not Italian. Friends of ours move to CG in the mid-90s (he Italian-American, she Vietnamese-American). She regularly reported her discomfort and stares she got.
Posted by: guest at December 28, 2007 6:23 PM
Bklynnative, you're serious? That's pretty funny. Hey, if he can sell that house for 3.5 MM, it'd be worth a few callouses on his hands, ha ha.
To me, it seemed like the best bet was to sell that house at a price that would make it feasible to split into condos (which surely wouldn't work at this price). But hey, somebody bought the Pfizer manse. You're talking a verrry niche-y buyer, there. And here.
Posted by: Rehab at December 28, 2007 6:26 PM
What - you forgot to include to data re median price - how did that number compare to last year?
Posted by: BrooklynLove at December 28, 2007 6:32 PM
Rehab, sorry but there is no comparison to the Pfizer mansion. Absolutely none. Apples & horse apples. Pfizer mansion was worth it, this one, sadly, is not. No amount of sprucing or planting will help. Only a price cut of $1+ million.
Posted by: guest at December 28, 2007 6:40 PM
Ah, yes 6:02pm. Nothing says safe, 'crime-free' and wholesome like a neighborhood protected by the mob. There's a great selling point. Sounds just like Bensonhurst or Bayridge - - and is still very much like them...charming. Is Jer-sey in the house?!!
Posted by: guest at December 28, 2007 6:41 PM
6:23
You don't think an Italian person would get the fisheye in Bed Stuy?
Get over it. People in NYC always moved to neighborhoods were they felt comfortable because other people who shared their same background and ethnic roots lived next door. Only the very rich lived in areas shared by other ethnicities, and that's only because they were all very rich! But even on Fifth Avenue there are the Jewish buildings and the Protestant buildings and the Catholic buildings. It's the way we are here in NYC. Apartheid had nothing on us.
Only Fort Greene and Clinton Hill, in the whole metro area, are neibs that I think are really integrated and that is only because they used to be solidly Black but starting about twenty years ago Whites moved in to snap up bargains. -And not exactly to "welcome wagons" either. Its tough. our ideals and the reality of realty are two diff. things in our great US of A.
Posted by: guest at December 28, 2007 6:44 PM
6:02
I moved to Carrol Gardens in 1994. Soon after I moved in the owner of the deli on Henry + Degraw was shot and killed in a store hold up. About a year later, there was an execution in Carroll Park - guy named Jerry I think. So, let's not get all nostalgic about how immune Carrol Gardens is/was.
PS. a goodly number of those old Italian families did move and sell. It's not their grndkids living their anymore.
Posted by: Boerum Hill at December 28, 2007 6:46 PM
6:44
"Only Fort Greene and Clinton Hill, in the whole metro area, are neibs that I think are really integrated"
Clearly you haven't spent anytime in the Slope. Not only is it racially integrated, it has must have more mixed racial marriages than anywhere in the world. I'm always seeing these black ladies pushing their white babies in their stollers all over the neighborhood. Warms the heart to think what an open minded community it is! The only funny thing is, the babies usually don't look much their moms, but go figure.
Posted by: guest at December 28, 2007 6:49 PM
Just because the old-time mobsters of Carroll Gardens and Bay Ridge did (or still do) their shootings outside their neighborhoods if they could help it, doesn't mean they weren't murderers the same as any. I wouldn't brag about having the mafia in my neighborhood. Romanticizing them is disgusting. They're thugs.
Posted by: guest at December 28, 2007 6:49 PM
6:46
"Living their anymore?"
Did you finish the seventh grade?
Posted by: guest at December 28, 2007 6:52 PM
Safety issues aside, Carroll Gardens is just kind of ugly. Nearly all of the homes have been stripped of external ornament and detail, leaving row upon row of rather bland, brown boxes.
Posted by: guest at December 28, 2007 6:55 PM
6:49,
Mixed-raced Lesbian couples do not really count in terms of integration, y'know?
The Slope is not only White, it is annoyingly hyper-liberal-NYTimes-white. It is the least integrated neighborhood I know.
There is an almost uber-caucasian-political- correctness test one has to pass to live there, YUK!
I prefer the Mob. At least they can cook.
Posted by: guest at December 28, 2007 6:58 PM
6:49, you describe pretty much every upper-middle class neighborhood on the East Coast. And that phenomenon is increasingly visible in Fort Greene, even.
Posted by: guest at December 28, 2007 6:59 PM
I agree, 6:55pm. I don't get the Carroll Gardens thing at all. It's definitely a place for people committed to owning cars. No decent subway (or no subway now, rather) and no amenities for several blocks in some parts.
Posted by: guest at December 28, 2007 7:03 PM
7:03
I'm sorry, I think you have zipper caught in something. You are the quintessential yuppie asshole that is ruining the grit and soul of brooklyn.
"A place committed to people owning cars?"
as opposed to where? North Korea? The State penitentiary?
Really, how old are you?
Posted by: guest at December 28, 2007 7:13 PM
I'm 40, 7:13. I'm college educated, owned 3 homes already in my life, and lived in the two largest cities in the U.S. What exactly do you have a problem with, in what I said? The whole reason many people justify spending hundreds of thousands of dollars more to live inside NYC is because they expect to save money by not owning a car. If I had to own a car, I might as well live in the f**in suburbs.
Posted by: guest at December 28, 2007 7:20 PM
black mommies with white babies, ha!
perfect!
Park Slope and Brooklyn Heights are sooo
integrated aren't they?
I know a Park SLope couple who hired a Black nanny rather than an Hispanic one because they did not want their precious to start "talking with an accent".
Believe me please: THAT IS THE ESSENCE OF PARK SLOPE
Posted by: guest at December 28, 2007 7:39 PM
There you go again. Start out in Carroll Gardens, then everything is about Park Slope. Can we just have a page for the Slope Lovers, another for the Slope Haters, and the rest of us can just dump on the remainder of Brooklyn?
Posted by: guest at December 28, 2007 7:47 PM
The losers are out in full force today.
Posted by: guest at December 28, 2007 7:52 PM
There is not one house above that is in Park Slope. Seems like this time Park Slope was brought up by the Slope haters. Get a life, please.
Posted by: guest at December 28, 2007 7:56 PM
I don't think the "Slope Lovers" blog would be very lively.
Park Slope is lovely. but it like what people used to say about Paris: Too bad the Parisians ruin it.
Posted by: guest at December 28, 2007 7:56 PM
Wait--is 6:49 for real?
That women of color pushing white babies in strollers equals an integrated nabe?
That is delicious. Does somebody want to explain it to him/her?
Also delicious: memo to aforementioned ignoramus snob family that ditched a Latina nanny for fear their baby learn a crippling Hispanic accent: Your baby would not learn an accent. She would, however, learn another effing language. Morons.
While I agree it's disgusting to brag of your safety thanks to being surrounded by mobsters who only whack people in the Meadowlands and keep Carroll Gardens "crime-free," it is, at least, true that the Eye-talians can cook. Great gravy, Ma. Heh. Heh.
And on Pfizer mansion, I didn't mean to argue that 275 Washington is comparable--totally agree that it's not. It's half the size, for one thing.
Posted by: Rehab at December 28, 2007 8:08 PM
"The losers are out in full force today."
Hey, that is catchy. Really original and full of thought and winning appeal. Call others losers when you cannot think of anything interesting to say.
That is vacuous and lame.
People can say whatever they want on this blog even if it offends your tidy-whitey sensibilities you Slope-Billy.
Posted by: guest at December 28, 2007 8:09 PM
Oh, wait: 6:49 was not serious. Just subtle. Nice work! Phew.
Posted by: Rehab at December 28, 2007 8:12 PM
Rehab and previous poster who took 6:49's comments seriously--she/he is being sarcastic.
Also, the whole nanny thing is so old, and so prevalent in the entire city, that it is really petty to pick on one neighborhood for that sociological phenomenon. You can find nannies strolling babies anywhere and everywhere. It's a sign of the times. And no, I don't live in Park Slope, or even Brooklyn, for that matter.
Posted by: guest at December 28, 2007 8:16 PM
That's right 8:09, people can say whatever they want, as can I. And that's why I'll repeat that the losers are out in full force today. And for the record, LOSER, I'm a hispanic Manhattanite. Keep judging though, you're in the right place for that.
Posted by: guest at December 28, 2007 8:18 PM
People can say whatever they want but it is better if it is smart or clever or at least amusing.
Posted by: guest at December 28, 2007 9:21 PM
CArroll gardens =Great nabe all others = just nabes. Carroll Gardens is so nice you need to live there to understand. The homes are beautiful the people are down to earth.
Posted by: guest at December 28, 2007 11:09 PM
11:09, you just keep telling yourself that the people of Carrol Gardens are "down to earth," so that you can convince yourself that you are.
Posted by: guest at December 28, 2007 11:38 PM
I just ate a whole pint of Haagen Daz. I feel sick.
Posted by: guest at December 28, 2007 11:44 PM
CArroll gardens =Great nabe all others = just nabes. Carroll Gardens is so nice you need to live there to understand. The homes are beautiful the people are down to earth.
We have to save the quotes of the dumbest things on this blog and do a year end rap up. I know the what would fill half the page but it still would be fun.
Posted by: guest at December 29, 2007 9:30 AM
people WILL judge you by your accent tho. Even in racially homogenous countries people are judged by their accents as to which subculture they belong to.
"aaa don wand" is different from "I don't want"
Your normative society where such things don't have significance is just a dream.
Posted by: guest at December 29, 2007 10:20 AM
Actually, 275 washington ave, in clinton hill, or the pratt institute building, was bought for $3 mil back in june of this year, not $3.5mil. He is trying to sell it for a total price of $5.15mil ($3.5mil and $1.65mil) between the mansion and the carriage house, for a prfit of $2.15mil, not $1.65mil.
The flipper who bought the building from the Pratt institute is Lawrence Golde. Anyone know the deal with him? Is he a professional flipper?
Posted by: dandel at December 29, 2007 11:39 AM
Many of the parents in our "fringe" neighborhood have nannies too. It's not limited to Park Slope and the Upper East Side.
Posted by: guest at December 29, 2007 1:31 PM
Yes, there are nannies throughout NYC, all 5 boroughs, all neighborhoods. There are even white nannies, from England or Ireland. There are also Asian nannies. Shocking, no?
Posted by: guest at December 29, 2007 2:37 PM
I know alot of college aged white girls who nanny because it pays a ton of money and most of its under the table.
Posted by: guest at December 29, 2007 4:11 PM
This is what's becoming a classic Brownstoner thread. What could have been an (somewhat) interesting discussion of what's happened to the market across various nabes and price points over the past six months, has instead devolved into yet another cross-nabe name-calling session, with a few pointless cheap shots thrown in about nannies. Do a whole bunch of people post on this site while drunk, or what? The hostility level is just astonishing.
Posted by: geekspice at December 29, 2007 4:12 PM
Lawrence Golde is the husband of recently retired Aguayo and Huebner broker Abagail Golde. They owned 275 Washington for a time, and lived there, too. I guess they might still be the owners, but I thought THEY were the ones who sold it some time ago; most recently, they lived in South Slope before moving out of Brooklyn just a few months ago.
If they still owned it, why would she split the commish with Corcoran?
Posted by: guest at December 29, 2007 5:24 PM
On nannies: Just because your kid has a Latina nanny does not at all mean he's going to get a Latin accent, any more than he would get a Carribbean or British accent. Hopefully you, as parents, would still spend more time with the kid than the hired guns, no?
Meanwhile, the kid learns valuable second language skills. Sounds like a pretty big bonus to me.
Posted by: guest at December 29, 2007 5:27 PM
I know a Park SLope couple who hired a Black nanny rather than an Hispanic one because they did not want their precious to start "talking with an accent"."
if true that is one of the most moronic things i've ever heard.
That is not how language acquisition works, at all.
How people who are so stupid manage to get rich enough to afford nannies is a mystery to me.
Posted by: guest at December 29, 2007 6:32 PM
They INHERITED their wealth, sometimes by dubious means.
Posted by: guest at December 29, 2007 9:44 PM
How old are you people?
Posted by: guest at December 29, 2007 10:22 PM
I think some of the people who post to this site could benefit mightily from a Hispanic nanny. Or an African-American one. Or a really strict English one.
Especially if she produces a whip, slowly removes her horn-rims, and lets down her hair with a provocative toss.
Posted by: Rehab at December 29, 2007 11:33 PM
funny, very funny!
Posted by: Putnamdenizen at December 30, 2007 7:28 AM
The recent fatal shootings in Crown Heights and Clinton Hill have a chilling effect on all of Brownstone Brooklyn. Even the reporters at the NYT, who should know better, do not know one Brooklyn Neighborhood from another as they misidentified Classon Ave as being in Fort Greene. It's bad. Especially coming so close to each other and during the holidays.
We live here and we feel safe but is it really as safe as we let ourselves believe? Maybe our friends in Manhattan have a point, Brooklyn is still pretty scary and the stray bullets still fly.
Posted by: guest at December 30, 2007 12:07 PM
Park Slope is the whitest neighborhood in brooklyn. I really don't know how people can see it as diverse. I guess people who live there love to praise their neighborhood with lies.
Posted by: guest at December 30, 2007 2:07 PM
Thank you, worried property owner in Manhattan, at 12:07. Buy at astronomical prices in Manhattan if you want. But if there is a recession or depression which now looks likely to happen, it's those who bought relatively moderately priced houses with rental income in Brooklyn who will be the ones less scared. Besides, Manhattan gets the crazies and freaks. Like the loonies running around with knives randomly attacking people. Which happened like 3 times in the last year or two. And there are plenty shootings in Manhattan, come on, get real.
Posted by: guest at December 30, 2007 2:42 PM
Wow, the amount of lamebrains posting on this site has increased exponentially in the last year. I was perusing the archives and there are nowhere near as many idiotic posts as there have been more recently.
To the moron at 2:07: the post about PS diversity that you are responding to was another stupid and sarcastic post. It was not a serious post--it was someone's idea of a good joke.
Posted by: guest at December 30, 2007 2:56 PM
those who don't think park slope is diverse has never been there.
period.
Posted by: guest at December 30, 2007 3:05 PM
Why are there always so many hateful posts on this blog??? Can't people disagree without it coming to such nastiness? Or is it really Rove & Cheney out there having fun?
Posted by: guest at December 30, 2007 4:13 PM
2:07, aka The World's Stupidest Demographer.
Posted by: guest at December 30, 2007 4:32 PM
Can someone please tell me what people in Brooklyn do for living to afford these HIGH priced condos? I mean, most people live in buroughs because they can't afford to live in Manhattan - to my understanding. But after seeing how much these condos cost or even renting an apartment...I don't get it.
I would love to move to Brooklyn, but how???
Posted by: guest at December 30, 2007 7:15 PM
The Brooklyn market is hyper-inflated due to a variety of reasons including the fact that the population is growing and that young people do not know a lot about the neighborhoods they are buying in. They figure if it is expensive, then it must be a good neighborhood. they are in for an unpleasant surpise. Most of there neighborhoods are still plagued with the social ills of the past. Once the twenty somethings see that they need to move to Connecticut, the whole market will implode.
Brooklyn is not there yet, it is still a gritty, dangerous, uncouth, ugly, and vulgar place. And those things may seem cool to singles but once they get married, or see their mothers mugged when they come to visit, reality will set in. By that time the realtors will have made their money and will be off to more lucrative locales to hawk more over-priced real estate to the young and the gullible somewhere else.
Posted by: guest at December 30, 2007 8:15 PM
7:15 - Where do you live now? I'm guessing nowhere within the metro NYC area.
Posted by: guest at December 30, 2007 8:15 PM
8:15 - What color is the sky in your world?
Posted by: guest at December 30, 2007 8:39 PM
"Brooklyn is not there yet, it is still a gritty, dangerous, uncouth, ugly, and vulgar place. And those things may seem cool to singles but once they get married, or see their mothers mugged when they come to visit, reality will set in."
Heh. Heh-heh. Hahahahahahahahahahahahahaha!
Where in the fucking white-glove world do *you* live, 8:15?
Also: Did you seriously just use the word "uncouth"?
Uncouth? Ra-ther!
Posted by: Rehab at December 30, 2007 9:40 PM
Andy Rooney (boring old fart on 60 Minutes) had an appropriate comment, talking about a book on 1000 tips for selling your home -- you only need one: lower the price.
Posted by: guest at December 30, 2007 10:46 PM
@8:15
puh-f'ing-leaze!
I have lived in "uncouth" clinton hill/ bed stuy for 8 years without incident.
when I grew up in the 70's/80's in a middle/upper middle class Philadelphia suburb, on my street alone there were: a justifiable homicide (wife killed her husband in self defense) child pornography ring broken up, and parents of 2 of my classmates arrested for white collar felonies.
take your blinders off.
Posted by: guest at December 30, 2007 11:30 PM
Hey, Park Slope is really very diversified, the PEOPLE living there love CATS, and DOGS.
Posted by: guest at December 31, 2007 12:34 AM
Where I live you ask? Clearly not in Brooklyn. Everytime I come to new york wanting ot stay in a hotel in brooklyn I get told YOU ARE CRAZY. I used to live in Queens. "Back in the day" ... and I'm sorry but isn't NYPD stationing hundreds of officer because the crime is increasing?! uhm yes.. someone should read a NEWSPAPER once in a while. fyi - the 3,500,000 brownstone in my area would go for a mere 800K ... and those condos they're building exclusive ones start at 230K. So it is due to population growth and not b.c it's safe. Still didn't answer my question about those young folks living there affording those NEW condos. Unless they are trying to get rid of the lower class in Brooklyn.
Posted by: guest at December 31, 2007 1:58 AM
Because you can afford one. Or maybe you can. Get in on that SCAM to get all the mortgage you want then a year later be bought out by the bank b/c you can't afford to pay it. Plenty of homeles people out there these days.
fyi - To the buyers thinking of buying. Dont. US is entering a recession. These prices will drop by half in the next 2 years. Thanks to the generous "creditors".
Posted by: guest at December 31, 2007 2:04 AM
Median income is $29,961 per year
an estimated 24% of Brooklynites live in poverty.
vs.
27% Bronx
18% Manhattan
16% Queens
9% Staten Island
need I say more.
http://www.brooklyn.com/population.html
Posted by: guest at December 31, 2007 2:13 AM
Take all of the projects and low income housing out of your statistics and I am sure you will get a much different picture.
Posted by: guest at December 31, 2007 8:18 AM
People seem ra-ther defensive when questions come up as to why on earth home prices in Brooklyn are so unreasonably high. Is it a scam? Mass hypnosis? Irrational exubarance?
It's something.
I would not buy here now for anything in the world. There is something weird going on and you just have to listen to the disdainful and dismissive commments of the realtors on this site and others who want to see their little houses in fringe neighborhoods go up to three million dollars.
It ain't gonna happen.
Posted by: guest at December 31, 2007 12:41 PM
Prices everywhere are unreasonably high. The market is even poised for "correction" in the UK.
Posted by: guest at December 31, 2007 12:44 PM
Your point is what, 2:13? NYC has the biggest gap between poor and rich than anywhere in the country. "Median" says nothing. This is the same as those who point to the average home values nationally, to say something about one specific market. Those stats may be used as a marker for comparisons from year to year, but that's about it. If you used your little median income statistic as a comparison, you'd be arguing against yourself because it would show huge gains in median income every year for years now, in Brooklyn. But you're not going to do that, are you?
Posted by: guest at December 31, 2007 1:57 PM
If you actually read that NY Times article, all the people in it are more conservative UWS types than pioneers who buy brownstones in Brooklyn, who traditionally people who work in the arts or media.
Then there's this quote about another woman in the article:
"She now has a doorman, more space, sweeping views of woods, a private gym and rooftop swimming pool, a shuttle to take her to the Metro-North station, and free coffee and bagels while she waits for the bus."
So is that supposed to sound appealing, that extra block of time to eat a bagel waiting for the shuttle, then ride the shuttle to the train to the city? I just don't see how this article applies to ourselves and most everyone we know who owns property in Brooklyn.
Posted by: guest at December 31, 2007 2:31 PM
Average starting salary in NYC with a Bachelors is 50-60K and around 10K more for a graduate degree. Even without Wall Streeters, people are making close to or over 6 figures within a few years. Double that for working couples.
That is why so many people can afford these prices, and pay them. The whiners who studied communications or liberal arts and make "The Median" income, will never ever get it. You cant afford it - Millions of us can, Period.
Posted by: guest at December 31, 2007 2:32 PM
Oh weird, I posted at 2:31 and I posted on the wrong thread! Or did it accidentally post to this thread? Very strange.
Posted by: guest at December 31, 2007 2:34 PM
More Brooklyn shootings:
http://www.nytimes.com/2007/12/31/nyregion/31brooklyn.html
Posted by: guest at December 31, 2007 7:13 PM
Nearly all the Brooklyn shootings this year were people shooting people they know. As of November, there were only 35 murders in all of NYC, with a population of 8.5 million, that were committed by those who were strangers to the victim. It's an important statistic. I'd rather live anywhere in NYC, Brooklyn or whatever borough, than other cities in the U.S.
http://www.nytimes.com/2007/11/22/nyregion/22cnd-murder.html?ex=1353474000&en=66dbc059c53ec7c9&ei=5124&partner=permalink&exprod=permalink
Posted by: guest at January 1, 2008 2:00 PM
1:58...
new york city just recorded the lowest murder rate in 44 years.
there were, in fact 100 murders less in 2007 than in 2006.
you need to read more.
there are 8.25 million people here with under 500 murders.
to put that in perspective, baltimore had over 300 and the population of baltimore is 600,000.
Posted by: guest at January 1, 2008 5:16 PM
1:58...
new york city just recorded the lowest murder rate in 44 years.
there were, in fact 100 murders less in 2007 than in 2006.
you need to read more.
there are 8.25 million people here with under 500 murders.
to put that in perspective, baltimore had over 300 and the population of baltimore is 600,000.
Posted by: guest at January 1, 2008 5:16 PM
In response to this... "Average starting salary in NYC with a Bachelors is 50-60K and around 10K more for a graduate degree. Even without Wall Streeters, people are making close to or over 6 figures within a few years. Double that for working couples.
That is why so many people can afford these prices, and pay them. The whiners who studied communications or liberal arts and make "The Median" income, will never ever get it. You cant afford it - Millions of us can, Period. (2:32pm post dec 31)
------> anyone making 50K-70K or double that income cannot afford a 3,5 million $ house. Why? Well taxes cut off your salaries so the 2 income become 1 of 50K-70K a year. A lawyer, doctor, financier or accountant can. If they're any good. OH unless some of those lucky buyers have "inherited" their $$$$$$$$
Posted by: guest at January 2, 2008 12:07 AM
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