Bed-Stuy, Do or...?
About a month ago, an L.A. Times piece on Bed-Stuy had a gentrification-is-happening- not-everyone’s-thrilled take on the neighborhood. Yesterday, our paper of record weighed in with a more nuanced examination of how Bed-Stuy is evolving: “a changing neighborhood not quite changed, transforming not in broad strokes but in half-steps.” The article notes that average sales…
About a month ago, an L.A. Times piece on Bed-Stuy had a gentrification-is-happening- not-everyone’s-thrilled take on the neighborhood. Yesterday, our paper of record weighed in with a more nuanced examination of how Bed-Stuy is evolving: “a changing neighborhood not quite changed, transforming not in broad strokes but in half-steps.” The article notes that average sales prices in the neighborhood have edged down recently, and that it has one of the highest rates of foreclosure in the city. Some well-heeled folks who moved to the neighborhood in the past year or so, meanwhile, say they’re frustrated with the area’s lack of amenities. We just wish there was more variety nearby, for places to go out, says a 25-year-old law student who’s lived in Bed-Stuy for a year and now plans to move to the East Village. You just wish you could go out and have different types of bars and night life nearby. Still, there’s plenty of redevelopment in the area, and Petra Symister, who writes Bed-Stuy Blog, says the neighborhood’s rebirth “is happening in fits and starts, kind of a jerky progression. Henry Butler, 41, chairman of Community Board 3, notes that in his view, more affordable development is particularly welcome: “It’s about income…I’m not looking to Harlemize Bedford-Stuyvesant. My emphasis is on the working people.”
Growing Pains Come and Go in Bed-Stuy [NY Times]
Photo by ultraclay!.
Well….for the sake of the NYC budget, I hope my top-of-my-head projections are dead wrong, or at least severly off….I guess I’m cassandra today….I think my larger point, if missed by all the silly heat, is that maybe we all won’t get rich overnight buying anything, anywhere….and we should appreciate BK for what it does have, and not try to cover up real problems by saying since i dont live across from the marcy pj’s, this article has no merit, and in effect, I live in a totally different neighborhood than the one described here…..the article wasn’t so bad…bed-stuy will change for the better over time….( i assume that includes the glorious Stuy-Heights as well, Whatever the fu*k that is)
By the way,Polemicist- Stop talking to my ex, who used to call me a pathetic troll often…..don’t listen to her. She was a shrill, weak, emotional wreck-of-a-bitch ….wait….IS THAT YOU?
“Do you really think a $700,000 house is going to be selling for $420,000 and a $800,000 house is going to be selling for $520,000!!!!”
Absolutely.
Shame on the NY Times for not doing there homework. I live on MacDonough St in the historic district proper and this article dose not relate to my world of Bedford Stuyvesant. Even in the “calendered” area outside the district like Bedford Corners ( Hancock, Macon, Jefferson near Nostrand)the area has a nice feel…
“Because we are not in a recession. Prices of commodities have started to drop. The S&P 500 is only off 15% YTD. Mortgage rates are no where near any highs seen over the past 30 years. Do you really think a $700,000 house is going to be selling for $420,000 and a $800,000 house is going to be selling for $520,000!!!!”
This is called Cognitive dissonance, please take note. This Asshats says “Because we are not in a recession”. That’s funny, this weekend look like a ghost town. Hey Dave why don’t go to Office Depot and ask the sales people there “are we in a recession?”. Go to the Pizza Parlors and ask them the same question.
http://en.wikipedia.org/wiki/Cognitive_dissonance
In psychology, cognitive dissonance is an uncomfortable feeling or stress caused by holding two contradictory ideas simultaneously. The theory of cognitive dissonance proposes that people have a fundamental cognitive drive to reduce this dissonance by modifying an existing belief, or rejecting one of the contradictory ideas.
And the rest of the “Asshats”!
Bandwagon effect
http://en.wikipedia.org/wiki/Bandwagon_effect
The bandwagon effect, also known as social proof or “cromo effect” and closely related to opportunism, is the observation that people often do and believe things because many other people do and believe the same things. The effect is often pejoratively called herding instinct, particularly when applied to adolescents. People tend to follow the crowd without examining the merits of a particular thing. The bandwagon effect is the reason for the bandwagon fallacy’s success.
You see why this thing is going to end very badly..
BTW They are going to sign the “Asshat Foreclosure Rescue Bill” and interest rates are going to the moon!
The What
Someday this war is gonna end…
When you put it like that – no;
but when you say – We are in the middle of a massive credit crunch making low rates or large loans unavailable to many, that Wall St is going through a retrenchment not seen in decades, Commodities (esp. Energy) are the highest in a generation, Demographics will lead to the country’s largest Govt Budget deficits ever, etc…
Do I think that it is possible that by 2010, houses in NYC will be back to 2003 prices – Yes – why not?
predictable response from the assWhat. That said, each sentence was grammatically correct (more or less) and there were no spelling errors.
“A” for spelling
B- for sentence structure
F for predictable, unsubstantiated, monotonous content
“slappy…your 35% and 40% projections are too low!
I say they will get assraped for 50% or more!
The Mutant Real Estate Bubble is over!
The What
Someday this war is gonna end..
BTW Ya’ll look so cute defending a bad position…
dittoburg, NHS is indeed a grand new coinage. The old game of categorizing/miscategorizing neighborhoods is irresistible, and it always goes the same way: one person says, “Neighborhood X is very Y,” and someone else says, “No it’s not, my friend lives there and he is very Z” and so on and so on.
The only difference with Bed-Stuy is that the neighborhood is so much larger than most of the other Brooklyn ‘hoods, so you can REALLY play this game endlessly. And my problem with articles like this is that they don’t even tip their hat to these nuances.
A luxury development next to a housing project is an entertaining subject for a feature, but it’s not a representative example of a neighborhood that is mostly low-rise brownstone streets and gradual, slow-paced change (not overnight yuppie encroachment). Saying that the MYNT environs are representative of Bed-Stuy as a whole is like saying that “Sex and the City” accurately portrays life in New York City. It does, but for most of us it doesn’t.
Because we are not in a recession. Prices of commodities have started to drop. The S&P 500 is only off 15% YTD. Mortgage rates are no where near any highs seen over the past 30 years. Do you really think a $700,000 house is going to be selling for $420,000 and a $800,000 house is going to be selling for $520,000!!!!