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?
Thanks to greedy developers, half of my block is under contruction (leveled)
One night walking home I saw a grown woman with her SUV parked infront of a sewer taking a dump on the deserted part of my street.
Ok here is a description of EC – but I fail to see how “going in the sewer” fits into this (although I train my dogs to go in the same manner so maybe its an extension of that!):
“Here’s how elimination communication works: In the first months of life, parents learn baby’s approximate elimination body clock (infants consistently go after nursing and sleeping) as well as the subtle signals that indicate a spontaneous need to go.
By taking baby to visit the potty and associating potty time with a designated sound, hand signal or word, parents help the child go on cue and, later, communicate a need to go.
Grown-ups aid in the execution until the child develops the skills for potty independence, which often happens before 24 months.
Of course, there are “misses.” But most families use backup diapers, undoing the dry diaper at potty time and doing it up again after. One diaper may stay dry all day.”
gem- you asked if any women liked Crooklyn- Montrose is a woman. 🙂
Time will tell, BHO. I’m certain that you won’r get a brownstone for 50% off peak comps. Anywhere in brooklyn. I can tell you what peak comps were in Bed Stuy in 2007 and similar properties will not be selling for $350-450,000. They don’t even sell that low in Ocean Hill or Bushwick for a fully renovated brownstone with all the architectural detail now.
“each time we see the Douglas Elliman data for the quarter it has shown us that brownstone Brooklyn has not been behaving at all like any of the Case Schiller data”
Clinton Hill (-15% just like the index at that time) and Bed Stuy (worse than the index) have. The “blue chip” hoods that skew the average will only catch up.
“all I have to believe to refute BHO is that they won’t fall 50% from peak comps which the data so far supports”
Per snapshot (so far), not per trend/projection.
“If the Case Schiller data is showing that we’ve reached an inflection point with the numbers gettting ‘less worse’ then we’re not going to see the type of price cuts that BHO expects, that’s all.”
But it’s NOT showing that. The monthly YOY is deeper than ever for this cycle. That means prices are dropping faster. The verdict will be in when it approaches zero. Threshold when it even changes direction towards zero.
“I think that areas outside of the five boroughs and, for the most part, the rest of the country, had been moving up more slowly for many years”
You can’t decouble the boroughs from the Tri-State market at large. People priced out of Manhattan and Brooklyn (and even parts of Queens) moved out to the burbs and priced-out/displaced residents there. One market. One index reading.
Cheap/EZ credit did not start in 1998-99. Even the dynamics of that time (driven by the tech boom) were not on pace to take us to +200%. So yes, the city became more desirable, but only at prices inline with longterm fundamentals (income, rents, etc.), not a short term credit OD.
***Bid half off peak comps***
Has the baby been eating pureed asparagus????
“So yeah, I went between two cars with her.”
Don’t worry about it, THL. I did that just the other day.
Somehow, being the father of in-toilet-training toddler, toddler pee is not high on the list of things I am concerned about. Are people finding it offensive? Or just smelly?
“If the Case Schiller data is showing that we’ve reached an inflection point with the numbers gettting “less worse” then we’re not going to see the type of price cuts that BHO expects, that’s all.”
I hear you DIBS and obviously hope that what you are saying pans out. Certainly I have also been of the mindset that prices will fall significantly but not to the 50% threshold. BHO, what say you?