Monday Links
Syrup of Figs, Greenpoint Avenue. Photo by marginwalker. Web Help for Getting Mortgage the Criminal Way [NY Times] Two Architects’ Live-Work in Greenpoint [NY Times] Fifth Avenue Still The Best Eating Spot [NY Times] Two Ad Men Score A Pad on Withers Street [NY Times] In Carroll Gardens, Union Street Hall of Fame [NY Times]…
Syrup of Figs, Greenpoint Avenue. Photo by marginwalker.
Web Help for Getting Mortgage the Criminal Way [NY Times]
Two Architects’ Live-Work in Greenpoint [NY Times]
Fifth Avenue Still The Best Eating Spot [NY Times]
Two Ad Men Score A Pad on Withers Street [NY Times]
In Carroll Gardens, Union Street Hall of Fame [NY Times]
Developers Finally Get Interested in Brownsville [NY Times]
Sub-Prime Problems Hitting Bed Stuy Hard [NY Post]
$25M Rehab for Bed-Stuy Community Center [NY Daily News]
Locals Worry About Losing Waterfront to Developers [Newsday]
Rally Against Non-Union Construction Labor [Brooklyn Paper]
nice. thanks.
“That’s one scenario. Another is that no one wants to catch a falling knife so they continue to avoid the problem areas and demand stays strong for areas with out the problems.”
I don’t understand that theory. If you are looking at 500k 2 bedrooms in prospect heights, you can’t ignore what is going on in the next area. If the 500k seller in prospect heights loses buyers, they will drop the price, and the park slope 1 bedroom buyer will be interested, and so it goes. FG, PS, etc are not gated communities, the borders blur, prices and interest don’t fall off a cliff as you move from one block to the next.
Thats syrup of figs, not syrup and figs. Its an old-fashioned laxative.
That’s one scenario. Another is that no one wants to catch a falling knife so they continue to avoid the problem areas and demand stays strong for areas with out the problems.
The sub-prime mess must indirectly start to hit the most expensive areas. If the dominoes are falling in bed-stuy, then folks considering clinton hill have got to notice the better deals a few blocks down. And whether or not there is a single sub-prime loan in all of the best areas, it still has to be a drag on the market, sooner or later.