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Need a Hand?
Your Next Project Starts with Brownstoner
if can get house few minute walk to train station in village with some retail and good watering hole and restaurant…..I’d go for it. And we don’t take a a FU to Brooklyn just to Park Slope. Quite the typical thing to do for your age/background/demographic.
DIBS, as you know, starting in 2007 I was very bearish on new condos in fringe areas, but I always said values would hold in prime brownstone areas. I think that’s exactly what has happened. I don’t think prices will ever be half off for prime brownstones. Almost every outcome is possible, of course, but the likelihood of that coming about is now vanishingly small.
jackal – if you move to westchester you’ll need to get a more pimp-ass car.
lechacal, as far as Brooklyn brownstones, have you tried to “Bid Half Off peak Comps?”
It’s a stratgey that’s being touted here.
SlopeF, Other than Howard potentially forcing a trade in off-season or opt-out after next season (assuming his current team gets killed this yr), there’s really no good big man available (unless you’re eying Emeka who might come with CP3 in a trade). you’ll notice that felton is terrible against good teams hence Amare gets double/triple teamed a ton. So Adding Melo would allow Amare to operate more 1 on 1. and hope we’re able to pick up some solid big man during off-season like Heat was able to (ie willing to sign for cheap in order to get crack at trophy). it’s all up to Melo. if he sticks to his guns, he on Knicks. but if he wants his 65M extension now, then he goes to Nets
wasder – I think safety and services have been driving NCY real estate more than anything else. Suddely NYC is safe to raise a family, and as gentrification pushes outwards middle class people move in with the idea that they can have it all – real city living, good schools, safe to walk the streets at night. I don’t necessarily think this is going to be reversed, but at a minimum I think it’s hitting a sort of a plateau where all of the low-hanging fruit like Park Slope and Fort Greene are fully gentrified and prices are super high so I just don’t see an argument for brownstone Brooklyn prices going up any more than they already have.
Westchester was already a stable established market, so there was no opposing force pushing up prices when the crash happened. Prices up there are down 20% at least.
Lech;
Factor in the cost of the commute when you do your calcs. I pay roughly $17/day for Metro-North, and I am going out of the city (non-peak).
Visiting friends. I usually go during Antiques Week in August but haven’t been able to do so for the last 2 years. i actually enjoy visiting them this time of year because they (and another couple up the road) have incredible 17th/18th century homes (benson, look away) and have fireplaces to die for with fires all the time. Plus they do great dinners and drink a lot!!!
Slopey, I’m pretty sure Gabby transitioned back to Brooklyn Brownstoner.