How Bed-Stuy Looks From L.A.
The L.A. Times takes a lengthy look at gentrification in Bed-Stuy in a piece that focuses on how (or whether) the opening of the Mynt, the luxury rental on Nostrand and Myrtle, is changing the area. One side of the story, via Mama Ruth, an 87-year-old grandmother and neighborhood fixture who pays $200 a month…
The L.A. Times takes a lengthy look at gentrification in Bed-Stuy in a piece that focuses on how (or whether) the opening of the Mynt, the luxury rental on Nostrand and Myrtle, is changing the area.
One side of the story, via Mama Ruth, an 87-year-old grandmother and neighborhood fixture who pays $200 a month for her one-bedroom at the Marcy Projects, where she’s lived for 55 years:
Lately, though, a new crop of folks has been moving into the neighborhood, and they don’t talk to Mama Ruth the same. She might pass them at the corner store, or near the subway stop. They’ll nod and smile, and she’ll do the same. But for the most part, Mama Ruth gets out of their way, and they get out of hers.
Another side, focusing on one of the Mynt’s renters:
Everyone outside stared when Randolph Ambroise moved into the second-floor three-bedroom corner apartment at the Mynt. Ballplayers, cops, loiterers, corner store patrons. “Everybody was watching us, like we were celebrities,” he says. Ambroise, 29, a Manhattan real estate agent, and his two roommates were among the first tenants. They got a deal: $3,100 a month. One of the first nights, Ambrose watched five police cars with sirens blaring and lights flashing pull up to the corner. Officers jumped out and ran down the street alongside Marcy. Hoping to block the drama and gawkers outside, the roommates went to Home Depot and bought bundles of window shades…Ambroise had a car, but he didn’t want to pay to park it in the Mynt’s garage, and donated it to charity after it got broken into twice on the street. When he goes to work in a suit, people ask for change.
Manhattan Skyline Views, Brooklyn Projects Below [LA Times]
Today’s plunge in consumer confidence is another one for the record books; a decline in the six-month outlook to historic lows dating back to the mid-1960s. We have been saying for some time that the current economic downturn will bear little resemblance to the two recessions in most investors’ memory, i.e. the relatively mild recessions of 1990 and 2001. Today’s report on consumer confidence confirms that the US consumer is on the brink of a very large pullback indeed – perhaps even one for the record books.
WOW that is a hight rent. I pay $4000 for a four story house in Stuyvesant Heights and live far from projects
The G is right down the block from here, t’What. You think you are ghetto, but you know nothing about the hood. Stick to stealing gates in Clinton Hill.
Talk to you on January 22, 2009. (The day the world is ending according to the t’What.)
“These changes have been a long time in coming. If you are surprised by the changes in the neighborhood – whether it is the prices of the homes or the costs for rentals – you have been hiding under a rock. This area is no longer ghetto, unlike what some like to say repeatedly. An economic slow down is not going to stop it. Complain about the changes won’t stop it. Too many on this site are out of touch with the reality in the market. Get a grip. The war is over.”
I love this crap! The renters at the MYNT is batting practice for the youngins. That a LONG walk from the “G” to the MYNT. I know the the developers must be laughing their asses off. They found Hipster/Yuppies suckers to rent/buy into the dream.
Here read this Asshats..
Store Closings: Symptoms of A Depressed Economy
http://www.gather.com/viewArticle.jsp?articleId=281474977364401
And..
Financial Firms May Make Deeper Cuts, Eliminate
http://www.bloomberg.com/apps/news?pid=20601087&sid=a9D9UjMULF4o&refer=home
“June 24 (Bloomberg) — The world’s biggest financial firms may lose as many as 175,000 jobs by this time next year as Citigroup Inc. and other banks shed workers amid slowing revenue and billions in writedowns, executive recruiters say.”
Hey Asshats, take a emma with vinegar. This will smooth the impact of that flagpole coming for your sphincter ! LMMFAO!!!
You dudes are finished. Wall Street will lay off people as soon the 2nd Quarter numbers are being reported! Let the ass reaming begin!
The What (Kirk to Enterprise..)
Someday this war is gonna end…
12;26 Those low paying jobs were meant for young, first workers. Hell, I did all those jobs when I was a teenager. I also did my military service to protect your entitled ass self.
If you can’t compete then get out of the way, die, or step up your game.
The writer couldn’t even bother to find out that the Bed-Stuy blogger is a woman. Typical.
12:33: You are on crack if you think is building is the exception and not the norm.
12:34, I mean Dave, you don’t decide the quote of the day on some else’s site so stop making the suggestion every day.
“It’s not the rents that are insane, but the renters willing to drop that kind of scratch for this location.”
QOTD
Evidently 12:27 has already found a good crack connection.