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Need a Hand?
Your Next Project Starts with Brownstoner
if don’t move into house will knock down and build a nicer one. They do build nice looking places. or is is nice looking palaces.
Lechacal, you and Kens may both be guessing but he knows a lot more than you do about this community!
Lech, just like in every community, there are bound to be some bad apples, including Rabbi’s. Just like those, there are plenty of Syrians who are not rich. Again, the filthy garment district rich are just a few Syrian families and the all live within a 6 block radius. The rest of gravesend is average south brooklyn working Joe’s.
Kens – none of that refutes what I’m saying. In fact, the more insular the community the more ripe it is for using real estate transactions to move non-real estate money around.
I respect that you have known people in this community, but I seriously doubt you have had the kind of access that would let you know the truth here. Anecdotes don’t count. We’re both guessing.
By lechacal on May 24, 2011 1:50 PM
I hear you all loud and clear, but I still find it impossible to believe that a bunch of smart business people become financial retards when it comes to buying a home.
Oh here is where you’re wrong. See most of these Syrians nowadays inherited the businesses and never built them up themselves. They got it passed from their grandparents and parents and pretty much most of them are just one man operation that holds on licensing contracts or exlusive supplier contract of certain things and they are ironclad. Plus they want to live in the same community and go to the same temple because all of their businessmen friends live in the same community and go to the same temple so that they are accepted and make deals with the same people because for generations they are taught to trust people ONLY within their community.
“I wonder if anyone will actually move out of, or into, that house in connection with this sale.”
Yes, and i wonder if marty markowitz sits alone in his basement jerking off to pictures of bikelanes.
the answer to both, of course, is an obvious “yes.”
Nice, Pete. I had forgotten about that story.
quote:
The western half, where I grew up, is your typical southern Brooklyn working-class area.
that’s probably where i was picking up that old video game system then..
also, doesnt wealth never last more than three generations? you know the whole shirtsleeves to shirtsleeves phenomenon?
*rob*
are we forgetting this story in paper not so long ago?
http://www.nytimes.com/2009/07/24/nyregion/24jersey.html