2009 Predictions and Resolutions?
Anyone have any predictions for the Brooklyn real estate market or renovation resolutions? How about the financial markets in general? As far as the real estate market goes, we’re just hoping that Clinton Hill doesn’t slip too far below 2004 values (where it’s probably pretty close to already); as for renovation, it’s a fair bet…
Anyone have any predictions for the Brooklyn real estate market or renovation resolutions? How about the financial markets in general? As far as the real estate market goes, we’re just hoping that Clinton Hill doesn’t slip too far below 2004 values (where it’s probably pretty close to already); as for renovation, it’s a fair bet that we won’t be moving the kitchen down to the parlor floor in ’09. Others?
I loved Ministry’s music from the 80s.
“I’ll stop arguing with the What. It seems to be pointless to try and argue logically with a brick.”
Brick 1 Dave 0
The What
Someday this war is gonna end…
Predictions:
Ministry of Peace
Ministry of Plenty
Ministry of Truth
Ministry of Love
Expect further weakness of 10-20% downward pressure on real estate values in the brownstone brooklyn vicinity.
Re Clinton Hill and other Brooklyn neighborhoods and the price level they will drop to (e.g. 2004 levels), I think it’s very hard to say. And I don’t think Clinton Hill is at 2004 levels. If anything, seems like there hasn’t been any real drop in prices (which I find odd). In 2004, you did not have many, or any, places selling in the range of $2 million, and that has still happened in the past few months. We’ll see. I hope retail stays solid in all neighborhoods during these tough times.
I guess I don’t have to worry that my neighborhood will fall to 1974 levels, although, since I’m NEVER selling, it’s a moot point 🙂
“I’ll stop arguing with the What. It seems to be pointless to try and argue logically with a brick.”
If that’s the case..then…
I’ll stop arguing with you-know–who. It seems to be pointless to try and argue logically with a brick.
I’ll stop arguing with the What. It seems to be pointless to try and argue logically with a brick.
Raven from That’s So Raven predicts i haz 2 toiletz will be i haz 3 toiletz in 09. uh that was dumb sorry.
i just hope a lot of retails places dont continue to shutter. tho in brooklyn it seems like more and more are open. in manhattan ive noticed first hand how many larger stores are closing and sitting empty. there are 4 huge vacancies in the last couple of months between houston and spring and no one is moving into them. one i know why… my building where i work in hasnt had retail under it because the rent is RIDICULOUS. thor equities (the people who took over coney island) bought this building last year and kicked out the Sketchers store that was there and havent been able to bring anyone new in.
*rob*