rent-reductions-1009.jpg
Life’s gotten a little easier for the renting crowd, according to a new report from Brownstone Homes (a firm we’ll admit to never having heard of). In the third quarter, which is the period of biggest turnover, more than half of new leases in Brownstone Brooklyn were done at lower prices than the preceding period. In Brooklyn Heights and Park Slope, the reductions were as much as 15 percent. Not surprisingly, apartments are sitting on the market longer, resulting in a correspondingly higher overall vacancy rate. All fine and good, but we’d like to know something about the number of data points.
Brooklyn Rents Down, Apartment Vacancies Up [Brooklyn Eagle]
Leases Up, Rents Still Down in Brooklyn [Curbed]


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  1. Would it not be better to see Bloomberg swim in the mess he created? him and his idea of making every home worth more than a million dollars so he could create wealth for his friends. See you at budget and tax time FDR sorry I ment Mayor.

  2. Wait Benson, it is undemocratic for people to band together to support a candidate (see WFP and Liu). Is this topsy-turvy world? Presumably, the epitome of democracy would be for citizens to pick one overprivileged pr*ck over the other. Got it.

  3. I believe that Bloomberg because of his wealth is a special interest in and of itself. His money has bought power and votes in both albany and city council. It is big money buying the process in the extreme. And big money buying power and influence is big problem in my eyes in gov’t at all levels (national, state, local).
    If I lived in your district, Benson, I’d be almost tempted to vote for a republican for 1st time in my life.
    Some guy running for council seat…but I’m a couple blocks outside of it. So I don’t need to worry about being struck down by lightning.

  4. benson- per your example of your teacher/friend’s experience, I’ll add the one of my friend in CT. who was told to join the republican party if they wanted any help for their non-profit. Everything you say for Dems also applies to Republicans. Neither party really thinks about the greater good. And you still haven’t answered my question why. Nassau Co. was as much in the grip of the republicans yet changed. Why doesn’t NYC? Maybe NYers find the Dems more aligned with our own interests?

  5. OK, Bxgrl, as you like it.

    Pete;

    As a conservative Republican, I have MANY issues with Bloomberg. He started life as a liberal Democrat and to me, he still leans that way. I would prefer a more conservative mayor :-). However, despite my policy differences with Bloomberg (alot of which don’t matter because he is the mayor), he is head and shoulders above a democrat machine politician (see: John Liu, Bill DeB, and myriad others). Most important to me, he is his own man. He made his vast fortune legitimately and I admire that (maybe one day I can hope to do so, though it seems unlikely ;-( ). That fortune allows him NOT to be beholden to the special interests that, imo, do not take into consideration the larger good of this city.

    Gotta run, I’m in a crisis at work. This debate was a nice diversion.

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