A Rising Tide for Brooklyn Economy?
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…
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]
Also, I just read that the W VA seat is now up for grabs.
PS: I really can’t tell if Christine McDonnell is as “bad” as claimed; for all I know she is really being slandered a la Sarah Palin. But what I wrote above maintains even if it’s true.
By wasder on September 21, 2010 11:30 AM
Yeah, she isn’t my cup of Tea, but I’d still rather have a nut that believes in conservative principles, than a leftist and/or Marxist nut such as coons. Even a conservative witch is better than a leftist, n’est ce pas?
As for the Senate flipping (1) flipping with Castle would be illusory; (2) there are other ways the Senate may flip. That dolt Feingold is going down; the CT seat looks like it’s up for grabs; Washington’s seat may go to Rossi.
The anti-Dem wave is still building…
couch–you sound just as nuts here. the house will go repub for sure but your pal Christine O’Donnell kinda put the kibosh on chances of a republican senate.
BHO, the Dow (which I only mention because of the comment re Wall Street and Brooklyn) is depressed because the Democrats still have a chance (in the eyes of enough people) to continue their devastatingly destructive agenda: higher taxes, higher spending, Obamacare, C(r)ap + Trade, etc. Once the House flips, “no more” will be possible, even if the Senate stays Democrat (I suspect it won’t but we’re talking worst case scenarios here), and President Obamao is still in office.
In other words, things are currently bad for two reasons: because the Dems have already destroyed; and because there is fear they will do still more. 50% off fear is a relative good thing.
Now Couch is an architecture critic as well. So many talents.
Look like? I AM a true nutjob. It takes one to filter through all the bullshit in the mainstream media (no bubble, soft landing, no contagion, no recession, okay recession, recovery, recession over, no double dip, multiple RE bottoms, etc etc etc) and distribute the truth to the brownstone masses.
Nothing has been fixed since Lehman failed. The RE losses on bank balance sheets or those of Fannie/Freddie are still there but hidden through Enron-sytle accounting (suspension of mark-to-market forced upon FASB by congress). We will not have a real recovery until the bad debt is defaulted and written down out in the open.
The stock market is propped up on paper thin volume. Investors are fleeing and the Fed is rushing in via primary dealers with their high frequency trading super computers to buy buy buy and prop prop prop (remember the flash crash?). Government/elite continue to hide our depressionary status by patching up what would be a > 10 percent contraction in GDP by borrowing and spending via treasuries (essentially another growing Ponzi scheme).
Yes, ‘Couch, DOW will be up until it goes down. But inflation would not lift wages and therefore would not lift home prices, only food and energy. And that’s if we get it. We might not. If we do, it’ll likely be hyperinflation which is synonomous with a currency collapse.
***Bid half off peak comps***
The Toren looks like some “modern” German building that Dieter lives in. Emulating Lego in architecture is fine as a joke for a drawing or something that will exist for a little while, but NOT for a building.
well said fsrq. though I respect BHO enough to hope that he responds to this fairly cutting criticism. but yeah, beware always the unbending opinion.
Toren is the name of some crotchfruit you were forced to meet in a bar, wasnt it
*rob*