Brit None Too Fond of Bed Stuy
In an article on the impending bursting of the bubble in New York real estate, Sunday Times (UK) columnist Dominic Rushe manages to make a rather offensive comment about the borough which he is temporarily calling home: I now live in Williamsburg, a horrifically trendy part of Brooklyn. I moved here because it was cheaper,…
In an article on the impending bursting of the bubble in New York real estate, Sunday Times (UK) columnist Dominic Rushe manages to make a rather offensive comment about the borough which he is temporarily calling home:
I now live in Williamsburg, a horrifically trendy part of Brooklyn. I moved here because it was cheaper, slightly, than where I lived in Manhattan. Now warehouse properties here are selling for as much as flats in Tribeca. Prices are even going through the roof in Bed-Stuy, a horrible and inconvenient area of Brooklyn with some lovely buildings and a nasty crack habit.
Nice. Real nice.
Big Apple Homes Ripe for Fall [Sunday Times UK]
I think Rich Dad may be a broker …
This time is different. I am buying a property in Bed Stuy for $895,000 and I expect the value to appreciate at least 20% a year for the next ten years. That means that my property will be worth $5.5 million in the next ten years. So go ahead and don’t buy suckers.
“It’s just that Bed Stuy is not ready for you infiltrators (ok, us infiltrators) yet, and you are not ready for it either. It’s just taking longer to gentrify than you would like.”
In other words, “WE ARE WHITEY. YOU WILL SUBMIT.”
Whitey Plebe to Supreme Gentrification Commander: “I am sorry sir, but the Bed Stuy Gentrification Project is just not going on schedule. The black folk just aren’t submitting to our attempt to bring high rents, higher real estate sales, $200 pocket book shops, and $3 lattes to the area. Several of them continue to listen to hip hop at loud volumes, do something they refer to as “tagging” and unwittingly and unannounced sit on the stoops of our fellow interlopers brethren. But rest assured, any insurgents will be subdued as we are bringing in a new Korean deli, two antique shops, and a few stained glass artists to provide a buffer zone for further expansion. Please tell Starbucks that they will be ready to establish a beachhead on Fulton Street by 2007. Long live the ownership society!
Unfortunately true for a lot of Bed Stuy. Plenty of nice buildings, plenty of nice people, but still has a problem with crime and drugs in many places. Not a slight to all of the nice families that live there at all, I’m sure they don’t like that element either. And I don’t think that for those who would consider moving there race is an issue, it is crime and safety.
I swear I read these things and I seriously wonder if any of these people have even been to Bed-Stuy, or any other place they go on and on about.
Why not just say it’s not yet hospitable to white folks? Much of Bed Stuy is filled with lovely, family oriented folks who active in their community and churches.
It’s just that Bed Stuy is not ready for you infiltrators (ok, us infiltrators) yet, and you are not ready for it either. It’s just taking longer to gentrify than you would like.
All this said, I also prefer a more racially harmonious and mixed neighborhood to live in, and those pockets of crack activity aren’t fun for anyone (except the crackheads).
The Brit was refering to Williamsburg not Bed Stuy. I think he also wrong when he refered to Williamsburg as a place with a nasty crack habit. While Billyburg might have a crack issue, they definetly have a heroin problem. Move over lower east, Williamsburg is the heroin mecca of NYC.
If everyone were more cautious about buying (and NOT bidding 100K+ more than asking just to get something because everyone is hysterical, NOT cautious) then the bubble WILL pop since the bubble is born of hysteria where people are willing to pay anything and throw caution to the wind.
WHEN will it end?