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. bd- bb used threats of withheld discretionary money to the cc members who in turn care more about their own seats and fiefdoms than democracy per se. it’s the same everywhere there is weak democracy. see I’m a Dinner Jacket in Iran (it was an election!!) btw, this is exactly the modus operandi in Vz. it’s almost like he stole chavez offensive coordinator.

  2. “for goodness sake, the democrat machine hasn’t won a mayoral election since dinkins.

    Antidope;

    Exactly right, and that is why they are so pissed. They’ve got everything else in their grip, and they are pissed that they don’t have the big prize. Moreover, it is PRECISELY the fact that we’ve had the good fortune to have two strong, independent mayors in a row (Giuliani and Bloomberg) that have brought about the revival of this city. Thompson will bring us back to the bad old days of machine politics, to the city’s detriment.

  3. The term limits law was overturned by the democratically elected City Council, no? Its was not a Vladamir Putin-style rewrite of the constitution. If people are that fed up about it they will a) vote Bloomberg out or b) vote out their councilmember.

  4. fsrq- boy, you really do have to twist your logic into pretzels to justify BB. His term limit act offered more choice- that is an embarrassing, assinine comment based upon the fallacy that no one else would have run (unsupportable, but all too necessary to prop up your specious argument). BB is really in trouble if this is what his ardent supporters bring to the debate.

    As asked above, on what does one base the conclusion that Thompson will not be a good mayor? More importantly, have you followed how BB has spent money like a drunken sailor on his cronies (two money-losing stadia, developer handouts all of over the place, the recent outrageous leases for temporary schools). BB is good at spending money on his friends, but keeps squeezing the funds out of the working class. Good riddance, I say.

  5. BHO;

    Anyone who knows anything about NYC history knows that “Ground Zero” for corruption was the old Board of Ed., and that system was allowed to flourish under Bill Thompson.
    He did NOTHING to put a stop to it. NUMEROUS mayors acknowledged the situation, but they were powerless to do anything about it. Bloomberg finally got educational reform underway, and in doing so, he was up against enormous political pressure from those parties who had an interest in maintaining the status quo. Please show me ANY example of when Bill Thompson showed similiar political courage.

    You want to know how corrupt the old system was? I have a friend who was a dedicated public school teacher. He truly wanted to make a difference in kids’ lives, and he gladly worked at one of the city’s most troubled and violent schools: Franklin Lane HS in East NY. His talent was recognized by someone in the Board of Ed. bureaucracy, but he was told POINT BLANK that he would never be promoted unless he joined the democrat party and became active in local elections. He quit, disillusioned. THAT is the system that Bill Thompson oversaw, and did NOTHING to stop.

  6. “He [Bloomberg] rode on a wave of good times”

    HE RODE ON A WAVE OF GOOD TIMES

    HE RODE ON A WAVE OF GOOD TIMES

    HE RODE ON A WAVE OF GOOD TIMES

    Managing this city during a crisis cannot be an easy job for anybody. I never heard so much un-backed-up dirt on Thompson before (Go ahead, because nobody know who he is, right?). Why now?

    ***Bill Thompson for Mayor***

  7. I applaud Bloomberg not only for how he has managed this city but more so for the fact that he’s a no bullshit businessman that built a multi-billion dollar company and has now been able to rise above all the day-to-day politics, bickering, special interests and bullshit that he has to put up with here managing the city and it doesn’t get to him.

    To be where he is in life and still have to deal with slime like Sheldon Silver and the rest of Albany is a credit to his character.

  8. no benson that’s an average ‘dope making the noise. no kingmaker here, though i appreciate the suggestion. 😉

    one either plays by the rules or changes the rules. in this case, bb clearly wielded his power, just as dictators have done forever and a day, to ram through a change that allows him to maintain his position. your rant against city politics is fair enough, but why couldn’t bb have used his power and money to build an opposition institution (or even just another candidate) rather that support himself?

    for goodness sake, the democrat machine hasn’t won a mayoral election since dinkins.

  9. antidope – I am not turning it into a pro-democracy move – all I am saying is that the practical reality is that BB move did not usurp democracy….if you want Thompson, you can still vote for him – all that (actually happened in this case) was that the law change allowed him to run as well – I already said I am not a fan of the move but to refuse to vote for him over it (especially given the choice) is a gross overreaction IMO

    “”…a corrupt, ill-managed unsafe one.”

    Exactly why do you think Thompson will lead us there, fsrq?”

    Past performance is usually indicative of future results – the selling of the Controller’s Office is UN-defensible – it is pure pay-to-play and corruption at its worst.

    His politically based pronouncement to fire Ray Kelly (who has served mainly under democratic administrations) telegraphs his priorities. He places politics over anything else – he hasnt even said who he’d replace Kelly with – If he did maybe I’d change my opinion but the idea that “anyone” is better than Ray Kelly is frightening.

    Thompson has consistently demonstrated a total lack of leadership, he was born with a silver spoon and has achieved essentially ZERO in his adult life beyond getting elected or appointed to relatively weak positions.

    IMO running NY is very hard – requires fortitude, incorruptibility and the ability to obtain and retain very competent managers – Thompson has no demonstratable history of ANY of this.

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