gate.jpg
A reader in northern Crown Heights sent the photo above on Friday, noting:

Ours and our neighbor’s front gates were stolen about an hour ago…Yes, in broad daylight and when contractors were working in our house and the house next door (gate was strangely not stolen from that house but from the next one over). I guess another example of the apparent increase in Brooklyn street crime you’ve been reporting on. I hate to knock our hood since it gets knocked enough by other posters on your blog, but people should be aware that yet another item is vulnerable (I never thought someone would take the trouble to steal something as heavy as this and I can’t imagine it’s worth much). Scrap metal? Or could one of these salvage places actually be willing to buy stuff “off of the back of a truck”?

Maybe attractive to someone looking for the Key Master? First we’ve heard of a thief absconding with gates.


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  1. 1:50 I also own a brownstone and agree with you (I bought three years ago). My only worry is that rents will fall (although they’ve appreciated so much over the last couple of years that it wouldn’t be that big of a deal if they came down 20-30% anyway).

    Would be nice to see prices fall honestly for the same reasons you mentioned (also maybe I could buy another one). I have some friends looking to buy and let me tell you money is very hard to come by these days. And if you can get a bank to give you money it will be at a very high rate.

    Anyway I think maybe partially one of the reasons these multi-family brownstones have/will attain their value is that the rents have gone up a good amount (making one’s loan a bit easier to carry), and I don’t think rents will go down. That and of course the very limited supply of them.

    Condos are obviously a bit more volatile and I do expect some kind of correction in that market as supply does seem to be dramatically increasing (that coupled with the scarcity of credit).

  2. No, 1:35. The economic expansion began in the 80’s, not 2001. It took a breather with the early 90’s recession but definitely contributed (as a complement to Dinkins and/or Giuliani) to the longer term (not really sharp) drop in crime rate. It’s been one bubble after another. Don’t just count the housing bubble.

    No, 1:39. Things were not much worse in the 2001 “recession”. Household ownership in the stock market was less than 50%. Household ownership in homes has been far greater than 50%. Back then, we had a liquidity crisis that was saved by the housing bubble (home prices only go up!). Now, we have a solvency crisis. Now, we have stagflation. Where’s the next bubble to save us? Why all these Federal, State and local efforts to help out homeowners (none of this was present in 2001)? Times are worse now.

  3. I love Brooklyn. I really do. But you people REALLY need to open your horizons, read more newpapers, travel to more places and learn about new cultures. It won’t make you sound so freakin stupid.

    I know you might find this difficult to believe, but some of us (I’m a brownstone owner in Park Slope) WELCOME prices coming down. It will only infuse a more interesting and artistic crowd into the neighborhood.

    Seeing as I bought my house for pennies for what it’s worth now, I will be fine with the 2 million dollars in appreciation, since I have no plans to move.

  4. Gee 12.54, did you think that up all by yourself? Brilliant retort. How incisive! We’ve missed your mind numbingly stupid predictions, thanks for sharing today. Stop trying to pass off your idiot non-sequiturs as genius. It just makes you all the more laughable.

  5. In case anyone is wondering, the NYC economy shed more jobs in the recession of 2001 and things were much worse off then, than they are now. So far…

    So for all those predicting the end of the world, did NYC not make it post 2001??

    Some of you doomsayers are just so ignorant it’s sad. READ a book and learn something about your city!

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