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!.
Dave – why are those projections ridiculous?
slappy:
What a pathetic troll.
slappy…your 35% and 40% projections are ridiculous.
However, “if you’re a short termer, looking for a golden flip” you are in the same situation now in any area of NYC, not just Bed Stuy
Having lived in BK before all you investors/real estate experts/bitches…..I have come to believe there is a BIG difference between Stuyvesant Heights (whatever the hell that is) and regular DO OR DIE……regular Bed-Stuy owners can come to expect a 40% decline in real estate values in the next few years and Stuy Heights will be relatively immune in the coming bear cycle with declines of only 35% or so………which means (with no malice or glee) if you wanted to live and make a home in your beautiful but sometimes troubled REAL brooklyn neighborhood, you are fine and in time you will show appreciation again……if you are a short termer, looking for a golden flip, me thinks you have only suceeded in flipping your net worth…you are already underwater….swim baby, swim!!
Dave, I’ll check later and let you know.
NHS is pretty funny…I guess i have fallen victim to it today…
and now I will finally get some work done…
@ dittoburg, my comment had more to do with the overall quality of the NYT, as reflected in this piece. I am not looking for a sociological review of the current atmosphere in Bed-Stuy, but is a little depth so much to ask for from such a news outlet?
did you get my email Biff?
dittoburg, “neighborhood-hypersensitivity syndrome” is a keeper and will come in very handy on future posts. Can we refer to it simply as NHS, or will that piss off the National Health Service?