Brooklyn Foreclosures Holding at Low Levels
Like the city as a whole, the number of Brooklyn foreclosures was down in January versus most months last year according to data from PropertyShark. Other than December, which was unusually low because of the holiday moratorium, the monthly foreclosure figure for Brooklyn last year ranged from 21 to 63; by comparison, the number was…
Like the city as a whole, the number of Brooklyn foreclosures was down in January versus most months last year according to data from PropertyShark. Other than December, which was unusually low because of the holiday moratorium, the monthly foreclosure figure for Brooklyn last year ranged from 21 to 63; by comparison, the number was 12 in January 2009. Manhattan continued to have the fewest foreclosures and Queens maintained its title as the foreclosure capital of New York City on an absolute basis, though it was higher in Staten Island on a per capita basis. As the chart on the jump shows, New York City as a whole had a far lower rate of foreclosure than Los Angeles, Miami and Seattle.
Ha!
No need to dream. Moscow, 1980s. No people with gobs of cash. No market rate rents. None of this ugly free market stuff. The unfortunate side effect of all this was not having enough housing, but more than enough corruption and inefficiencies – by Western standards anyway.
I wonder… as one of those dreams I like to have about a harmonious society…
What if the rules regulating foreclosures were such that folks that don’t already have a home get first dibs at foreclosure auction. And more specifically, folks that don’t already have a home and are buying it to *live in*
Ya know, rather than folks with gobs of cash that drive up the price because it’s an “investment” property to either flip or add to their collection of homes.
I dream.