Friday Links
Lutheran Medical, Bay Ridge. Photo by Aunt Sue. Fed: Foreclosures Won’t Have Impact on Broader Economy [NY Times] Who saved Brooklyn? Many claim credit [Brooklyn Paper] Red Hook Container Port Stays For Now [Brooklyn Eagle] South of Park Slope, a Neighborhood Awakens [NY Sun] Modernist Imperial Cottage For Sale in LIC [Gothamist] Northside Piers Brings…
Lutheran Medical, Bay Ridge. Photo by Aunt Sue.
Fed: Foreclosures Won’t Have Impact on Broader Economy [NY Times]
Who saved Brooklyn? Many claim credit [Brooklyn Paper]
Red Hook Container Port Stays For Now [Brooklyn Eagle]
South of Park Slope, a Neighborhood Awakens [NY Sun]
Modernist Imperial Cottage For Sale in LIC [Gothamist]
Northside Piers Brings Out the Rats on Kent Avenue [Curbed]
Open House After Accepted Offer? [Forum]
The Park Slope Civic Council hosts the 48th Annual House Tour on Sunday from 12 to 5 pm. For ticket information, click here. Take lots of pics and send us your favorites.
no pun intended, chuck?
“‘We have considerable difficulty,’ Greenspan said Thursday in a speech. ‘We have never been through anything like this. I can’t say how it is going to come out.’â€
“Greenspan said the housing market has been hurt by a ‘huge surge in subprime borrowing’ in the past few years, with imprudent loans made on the basis of rising home prices, and a similar surge in ‘Alt-A’ mortgages.â€
“‘We are sitting in a market that all of a sudden prices are flattening out,’ Greenspan said. ‘You can immediately see a backing up of problems.’â€
“His outlook has been more pessimistic than that of current Fed Chairman Ben Bernanke, who said in a speech Thursday that the housing slowdown won’t have a broader impact.â€
http://www.contracostatimes.com/business/ci_5926710
“‘I hope that Chairman Bernanke is right when he says that a slumping housing market will not affect the broader economy, but I would not bet the house on it,’ (said) Senator Chuck Schumer.â€
http://www.cnbc.com/id/18725377
Interesting juxtaposition of items here. The “Who Saved Brooklyn” item and the 48th Annual Park Slope HT item are closely related. The PS house tour was an important engine for change there and throughout brownstone Brooklyn. My nabe, and many others copied PS in this (our PLG tour, for example) starting 10 years later).