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October 29, 2008
Housing Crisis in Bushwick
While viewing yet another of what must be many dozens of short sales in Bushwick last week, I noticed the house across the street at 1343 Greene is empty and abandoned and broken into. Its beautiful original historic double doors had been rammed with a tree trunk, still sitting on the porch, and the glass was broken. Naturally, there was an unread garbage fine ticket for $100 from the city attached to the broken-in door. The owner of this abandoned and neglected property is Deutsche Bank National Trust. I am going to call them today to tell them their property is being ruined, but I know how these banks work and it will take them months to respond if they ever do. Meanwhile, a poster named ricmac01 on BushwickBK informs us that of the 34 hoursses on Woodbine St. between Broadway and Bushwick Avenues, ten are empty or for sale and five are boarded up. I live in Bushwick and nearly every block has at least one for sale sign, and a quick check of PropertyShark reveals many foreclosures. The NY Daily News also reported a story about this Sunday. Retail along Broadway has hardly come back since the fires 30 years ago. With houses being abandoned like this, the crime rate is likely to soar. This hurts everybody. I am going to call Make the Road today and see if they are already doing something and if I can help. They seem like the most likely organization to:
*Advocate for homeowners to do anything possible to keep them in their homes.
*If that's not possible, get the banks to use management companies to rent out the properties rather than have them sit empty.
*Encourage a Thai restaurant and a tacqueria to open up on Broadway.
I would also love to quickly survey homeowners in the area to find out the myriad reasons for the foreclosures. I will keep you posted. Also, if anyone is interested in these issue, they should attend that "New York for Sale" lecture tonight that Brownstoner posted about yesterday. Unfortunately, I have another appointment.
Comments
Make the Road is just effing awesome, I worked with them briefly on a project a few years ago. But I think they might also have a strong anti-gentrification bias, and might not know what to do with your request for a Thai restaurant.
They probably are working hard, though, on the foreclosure issue.
Posted by: vanburenproud at October 29, 2008 2:08 PM
Welcome to now! As the implosion of the Mutant Real Estate Bubble gets underway, House that was built in marginal areas will be abandon by the junior Donald Trumps.
This will have a negative effect on the area causing more people to leave their homes. If a Asshat feel that they house has gone down in price it will be walk away time.
They are bring back the 70's and the 800's back in style. All we need is the Crack, Heroin and cheese lines that was part of bad ole New York.
Like I say "Keep fucking around"
The What
Someday this war is gonna end...
Posted by: what at October 29, 2008 2:32 PM
Every neighborhood should have a Thai restaurant. It's the new chicken in every pot. I bet those folks at Make the Road sneak off every now and again for some tasty Thai food.
Just had an odd thought...as old companies lay off everyone, those people are going to wind up online blogging, selling, consulting, day trading, etc. Not saying they will make much money at it, but talent and experience is going to be transferred from the old sector to the new Web 2.0 world during this economic depression.
Posted by: mopar at October 29, 2008 2:47 PM
on a recent Bushwick walking tour, our guide was discussing how the rapidly devlaued bushwick of the late 60s/early 70s led to the arson of the late 70s. he said this sort of thing is cyclical and he's heard people say there could be new fires on the horizon. I hope not, but since most people see only the bottom line and not the intangible value of some of these houses, they might decide they're worth more as insurance fraud than renovated homes.
Posted by: Jimmy Legs at October 29, 2008 4:16 PM
Oh noes! Apparently the "New York for Sale" meeting was last night. Pooh, I'm sorry I missed it. Did anyone go? What happened?
Posted by: mopar at October 29, 2008 5:44 PM
I'm ready for the cheese lines. Mmmmm, make mine Manchego.
Posted by: SnarkSlope at October 29, 2008 6:18 PM
Being said tour guide that Jimmy Legs mentioned, let me add to those comments, as they are germane for the current situation in NYC.
The cyclical concept I was mentioning to Jimmy Legs on my BCUE tour was developed from the ideas of epidemiologists Rodrick and Debra Wallace, who worked the streets of Bushwick in the 1970's, when they were hired to do research by the Community Board and HPD.
Among the conclusions of the Wallaces was that fire outbreaks--like Bushwick's fire storm--have the "spatial and temporal patchiness of a parasitic infection...that they have a life cycle" (see "Urban Fire as an Unstabilized parasite: the 1976-1978 outbreak in Bushwick, Brooklyn., Environment and Planning A, 1983)An important point to make is that the Wallaces see beyond arson as a cause, and point to a more ecological and political causes for fire outbreaks. For more on this you can read: http://www.upfromflames.com/uff_resources/images_resources/Wallace-aPlagueOnOurHouses-Chapter2.pdf
Yes, a part of what creates a fire outbreak is property value depreciation. This was the also the case in the 1970's FHA swindle.
Another fateful ingredient is a lack of adequate fire service--the FDNY laid off thousand in 1975 at the advice of RAND--and the FDNY still employed the same RAND Corp. to justify the 2003 firehouse closures.
Add to that there are as many Fire Marshall's investigating arson in the city as their were in 1977--just 62 city wide as of last week, as I was told by a retired Marshall.
Perhaps most worrying was this map in a 10/19 NY Times article, "Door to Door, Foreclosure Knocks Here" (http://www.nytimes.com/imagepages/2008/10/19/nyregion/19block.graf01.ready.html). This map has an eerie echo is an unpublished DCP map from 1980 of areas depopulated after arson waves. Its basically the same areas which burned 68-81 that are hit hardest by the foreclosure crisis--with the notable exception of the Lower East Side.
When I interviewed Dr. Wallace last year, he noted that it was not only a matter of "when", but "where". just not, "if"
But against this: A big difference is population. Your part of Bushwick lost about 50% of its population during the fire outbreak 76-78, and a 5th of its housing stock. That was the tail end of an urban abandonment that saw NYC lose a million people between 1970-1980.
Personally, I don't think an event of that scale is likely anytime soon, as folks are still wanting for housing, Bushwick and everywhere else. We are not currently in a time of urban abandonment.
That last part is just the optimist in me.
In my high school G.I.S. class this year, I am using the same data the Wallace's created to create an animated map of the 76-78 outbreak. Perhaps that will be of use sooner rather than later...
Posted by: upfromflames at October 29, 2008 7:40 PM
hey What we dont need crack and heroin anymore. didnt you see the story about how meth use has gone up like 400 percent in the recent months? and it's cheap as hell. smack junkies are not scary. crackheads were, well crackheads, not that scary. when the meth epidemic hits full force in nyc watch out.
-rob
Posted by: PitbullNYC at October 30, 2008 11:27 AM
"hey What we dont need crack and heroin anymore. didnt you see the story about how meth use has gone up like 400 percent in the recent months?"
Yep yep yep! Pray to GOD that meth doesn't get a foothold in NYC! That is some evil fucking shit that makes crack look like a walk in the park. Plus it's hard as hell to get off of that shit and it fucks up your teeth (No bullshit)
"when the meth epidemic hits full force in nyc watch out."
Rob check out Google on the Meth situation. In the Midwest and California are getting hit hard by that shit! I don't want to see "tina" in NYC.
The What
Someday this war is gonna end...
Posted by: Return of The What at October 30, 2008 1:34 PM
Hi Mopar,
I am responding because as a homeowner in Bushwick and I see what you are talking about. I just started a new company in July called E.A.R. Properties and we are currently managing bank reo assets from Deutsche Bank and many others. However, it does take sometime before the banks get to our company because of bureaucratic red tape. In any event feel free to contact my firm if you need a property management firm to handle any properties.
What we do is secure a property. Repair damages and rent them out until for the bank until the house can be sold. We are also a licensed Real Estate Company. email us at info@earproperties.com
Posted by: EAR at December 1, 2008 8:34 PM
Interesting, EAR. I don't have any properties that need managing, but there are certainly quite a few in Bushwick that do. I hope these banks get their acts together. It's idiotic to evict tenants and let a property sit empty and deteriorate.
Posted by: mopar at December 14, 2008 1:39 PM

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