let me add that i don't think we will return to 70's levels of crime unless some new drug epidemic hits. i mean, fort greene was a warzone not that long ago and i don't think anyone thinks that's coming back.

further, i think the uptick in muggings and property crimes will occur in nicer neighborhoods as well as the recently gentrified because that's where the money is, yo. :)

Posted by: travy at November 25, 2008 1:14 PM in response to Headed Back to the 1970s in Bed Stuy and Beyond?

gkw- some of these sociopaths of which you speak have gotten jobs over the years and have cut back on their robbin' and stealin'. these low level jobs will be the first to go and then when desperation sets in they will do what they have to do to survive--not to mention judgment impaired teenagers whose parents have lost jobs and want a little change in their pockets are going to be acting out more.

how you can argue that higher unemployment in working class neighborhoods (ones dotted with upper class gentrifiers no less) does not equal higher crime is beyond me.

but whatever. there will be some amazing deals near the projects in the coming months. a buying opportunity for someone like you if i've ever seen one...

Posted by: travy at November 25, 2008 11:54 AM in response to Headed Back to the 1970s in Bed Stuy and Beyond?

so naive gkw. desperate people do desperate things like rob your pasty ass to feed themselves.

Posted by: travy at November 25, 2008 10:41 AM in response to Headed Back to the 1970s in Bed Stuy and Beyond?

"i would purchase a building where i have undervalued rents that will continue to go up every year or 2 years when tenants renew"

go up what, $50 per apartment? nice try, 2 million in the hood ain't happening...

Posted by: travy at November 17, 2008 2:25 PM in response to HOTD: 306 Washington Avenue, Two Price Cuts Later

600k for a walk up ghetto studio? why not make it a million? think big, yo!

Posted by: travy at October 23, 2008 4:03 PM in response to Condos of the Day: 473 Clinton Avenue

sigh, arguing with republicans is sooo 2004. seriously, could there be a more intellectually bankrupt group of people?

ironballs, you are a caricature...

Posted by: travy at October 10, 2008 4:38 PM in response to Dow Status Check

shorter ironballs: there's a new sheriff in town and all the criminals are shaking in their boots.

Posted by: travy at October 10, 2008 2:08 PM in response to Dow Status Check

so bond st. down 20 percent. that's a pretty big cut for a prime spot.

Posted by: travy at October 10, 2008 1:40 PM in response to Open House Picks: Price Cut Edition

i continue to believe that the bottom will be represented by a return to the fundamental metrics like price to earnings and home price to median income ratios. stocks and homes have been seriously overvalued speculative bubbles for a long time. this blood letting is a good thing...

Posted by: travy at October 10, 2008 1:17 PM in response to Dow Status Check

g.e. profits down 22 percent. sure about that buy?

http://afp.google.com/article/ALeqM5izE49GukSgb91tH-N5izws8LH4dg

Posted by: travy at October 10, 2008 12:32 PM in response to Dow Status Check

dave, that's what you're paying for!

Posted by: travy at October 10, 2008 12:21 PM in response to Dow Status Check

"What would be so bad about the real estate market dropping? "

that sinking feeling your cock isn't as big as you thought it was these last five years?

Posted by: travy at October 10, 2008 12:04 PM in response to Dow Status Check

"This is and always will be the center of the universe good times and bad. "

yes, brooklyn was an absolute paradise during the 70's and 80's...

Posted by: travy at October 10, 2008 11:56 AM in response to Dow Status Check

sebb- by all means dump all your money in the stock market and brooklyn condos. show you're right!

Posted by: travy at October 10, 2008 11:01 AM in response to Dow Status Check

"The singular feature of the great crash of 1929 was that the worst continued to worsen. What looked one day like the end proved on the next day to have been only the beginning. Nothing could have been more ingeniously designed to maximize the suffering, and also to ensure that as few as possible escaped the common misfortune."

John Kenneth Galbraith

Posted by: travy at October 10, 2008 10:29 AM in response to Dow Status Check

ha! i needed a laugh today and watching an nyc real estate blog have its come to jesus moment will do just fine...

and ironballs, there is no quicker way to destroy your credibility than to express your support for a republican.

i'll see you all at the bottom (from the window of my $150k studio)...

Posted by: travy at October 10, 2008 10:02 AM in response to Dow Closes Down 679 Points

tough call. the advice to stay is sound, but if you want to roll the dice and play the market a little more effectively, walking away could work out very well for you...

Posted by: travy at October 7, 2008 11:40 AM in response to Front Page Forum: Walk Away from Downpayment?

i walk by here every morning and the desperation in the air is thick. but i suppose not desperate enough to come off of the $2200 studio price tag...

Posted by: travy at October 6, 2008 1:28 PM in response to Rentals of the Day: The Standish Hits the Market

hilarious. $167k a year gets you a studio in clinton hill at this point. but the article does hint at some truth; $167k a year should be able to buy more in this city and perhaps it will very soon...

Posted by: travy at September 24, 2008 10:59 AM in response to Mad Men Moving to Wall Street Digs?

"animals"

seriously, some of you deserve to get mugged...

Posted by: travy at September 13, 2008 11:36 AM in response to Wild Teens Trash Court Street B&N, Assault Manager

santa- that's been my price point for the 'bottom'...

Posted by: travy at August 21, 2008 11:38 AM in response to Sales: Big Haircut Required To Get 160 Henry Street Done

uhh ditto, 20 percent below asking is not 'near ask' especially in one of the nicer co-op's in the heights... and i love the broker-speak that says a near million dollar price cut is 'not a reduction'. hilarious!

Posted by: travy at August 21, 2008 10:44 AM in response to Sales: Big Haircut Required To Get 160 Henry Street Done

despite being one of the militant sky is falling zealots around here, i have to admit that this place may get asking only because carriage houses are a premium and this block is perhaps the prettiest and most family friendly in all of brooklyn if not the entire city...

Posted by: travy at August 6, 2008 1:49 PM in response to House of the Day: 19 Garden Place

aw, just tell the prince there's a steal of a deal on ppw... :^)

Posted by: travy at July 30, 2008 5:53 PM in response to House of the Day: 31 Prospect Park West Revisited

i didn't say dumbo was the only brooklyn nabe to have sweeping changes and i'm not going to argue with someone so clearly set in their beliefs as you 11217, so keep believing your park slope place will make you rich as an arab prince for all eternity...

Posted by: travy at July 30, 2008 5:04 PM in response to House of the Day: 31 Prospect Park West Revisited

clearly nabes that have had complete makeovers like dumbo will not return to pre bubble levels but others like brooklyn heights, park slope, cobble hill, and most of manhattan will. incomes in nyc simply have not kept up with real estate prices and must correct. to think they won't is short-sighted...

Posted by: travy at July 30, 2008 4:29 PM in response to House of the Day: 31 Prospect Park West Revisited

the market will crash to 99-00 levels which is when the speculative bubble began. maybe not all the way but way below where we are now...

Posted by: travy at July 30, 2008 4:15 PM in response to House of the Day: 31 Prospect Park West Revisited

all of you who are surprised at this 'low' price are still living inside the bubble. 1 mil sounds about right to me...

Posted by: travy at July 30, 2008 3:12 PM in response to House of the Day: 31 Prospect Park West Revisited

in a year you'll be able to pick up the whole building for $750. and bed stuy is no park slope...

Posted by: travy at July 21, 2008 1:15 PM in response to Condos of the Day: 83 Halsey Street

someone who is 35 and still has two roomates more than likely can't afford this place. that's my whole point...

Posted by: travy at July 16, 2008 3:51 PM in response to Co-op of the Day: 130 8th Avenue, #3H

on renewals the landlords are banking on people not wanting to move, but new renters are getting deals left and right.

as far as sellers, they'll sell when they have to and not a moment sooner...

Posted by: travy at July 16, 2008 3:34 PM in response to Co-op of the Day: 130 8th Avenue, #3H

exactly carol gardens. places similar to these in concord village aren't moving at all for 25-50k less than this one. i'd think the pattern is similar for more expensive places as well...

Posted by: travy at July 16, 2008 3:26 PM in response to Co-op of the Day: 130 8th Avenue, #3H

$1917.15 is pretty close to 2k and $455 maintenance is optimistic in the areas i'm looking at. i rent a place that is much more livable than this for $1500 and i see rents coming down. ymmv...

Posted by: travy at July 16, 2008 3:18 PM in response to Co-op of the Day: 130 8th Avenue, #3H

i shop the other areas of brooklyn so can't speak for the slope, but in the heights, ft. greene, cobble hill etc, the $300k+ boxy studios seem to be sitting. and yes, there are tax savings but month to month out of pocket is north of $2000 and i'm doing much better than that renting in a prewar on the water in the heights.

the point is that the buyers for these level of apartments probably make between 75k-100k a year and coming up with 60k plus for the down payment, then being on the hook for 2k a month is a stretch for most...

Posted by: travy at July 16, 2008 2:59 PM in response to Co-op of the Day: 130 8th Avenue, #3H

this place sums up the nyc real estate market from the low end; the people who would live in a place like this one can't afford it or don't want to when they can rent better for less. lots of these sorta lame $300k studios are sitting when there are lots of young employed singles who would be all over them if they came down south of $250k or even $200k...

Posted by: travy at July 16, 2008 1:48 PM in response to Co-op of the Day: 130 8th Avenue, #3H

wow, only my third registered post and already censored. i guess i wasn't shilling for the property hard enough. :^(

Posted by: travy at July 15, 2008 5:40 PM in response to House of the Day: 219 Washington Avenue

uh, it's the roving gangs of children that have always been the problem.

Posted by: travy at July 15, 2008 2:35 PM in response to House of the Day: 219 Washington Avenue

anything near murdle should not go for anywhere near 2 million. i continue to believe we won't hit bottom until we correct to 2000 prices...

Posted by: travy at July 15, 2008 2:13 PM in response to House of the Day: 219 Washington Avenue