Open Thread: Do The Right Thing Edition
The 20th anniversary of the release of Spike Lee’s ground-breaking movie Do The Right Thing, which dealt with a day in the life of a block in Bed Stuy, and in so doing brought the multi-layered issues of gentrification race coexistence and conflict in the inner city to a broader national audience. Two decades later,…
The 20th anniversary of the release of Spike Lee’s ground-breaking movie Do The Right Thing, which dealt with a day in the life of a block in Bed Stuy, and in so doing brought the multi-layered issues of gentrification race coexistence and conflict in the inner city to a broader national audience. Two decades later, how much has changed and how much remains the same?
“(2nd only to Jamie Lee Curtis.Trading Places)”
Not so fast, ever see Blame It on Rio?
I saw “Do the Right Thing” last summer at a film festival, I was curious as hell. I recall at the end where it has two quotes, one from MLK and one from Malcolm X. I feel it is rather dated as the whole black-white race relations issue has evolved so, so far. So many people still act like it’s only yesterday that segregation was defeated. Today’s generations simply do not care about the tired old dichotomy; race relations to them are on a whole other level.
And the specific thing about Bed Stuy is that it has gotten so much nicer and attractive with more services. That factor of 3 thing won’t exist any longer, which was my reason for buying there. The disparity between Bed Stuy brownstones and thos 1-3 miles away, essentially 3 – 4 subway stops was a discount that was unsustainable.
“You’re starting to see the light, wasder. Come down. Join Team Bear. Stack and cop another brownstone (Italianate in Bed Stuy?) after the smoke clears.”
I have always seen the light BHO. Even before I bought I was realistic about the direction home prices were going. It is all a matter of degree. You are predicting a level of decline that is quite a bit more extreme than what i expect or what I can gather, limited as it is, from other sources. But as you know I am not one to say it couldn’t happen. I don’t need another house though, that’s for sure.
Sorry, BHO, it ain’t gonna happen. You aren’t going to be able to pick up fully renovated thre storey brownstones in decent sections of Bed Stuy for $136-175 psf. That was my comp base I spoke about above.
Bxgrl -yes I knew MM was a woman thats why I made that comment 🙂 notice ENY and my husband thought it was boring….
Agreed. etson.
“Time will tell”
The only thing we agree on. Brownstones in Park Slope were going for 350-450 in the 90’s, during a time when the economy was much more healthy. Because of inflation, I’m not saying they will go all the way back there. Just half off. That’s still 1-2M. 350-450 will be cake in Stuy. There’s about a factor of 3 between Park Slope and Bed Stuy. And average Park Slope brownstone is fast approaching the 1.5M mark. I’m talking East of 5th and North of 9th.
“I vacillate between thinking that there is something unique about the brownstone market to thinking that the Case Shiller NYC area reading is pretty accurate.”
You’re starting to see the light, wasder. Come down. Join Team Bear. Stack and cop another brownstone (Italianate in Bed Stuy?) after the smoke clears.
***Bid half off peak comps***
Guess I should not have just clicked on this thread again while eating my lunch.