Brownstone Market: Trouble on the Fringes?
This month’s issue of The Real Deal has an article about the ramifications of a cooling real estate market in Brooklyn (despite the debatability of that assertion). TRD contends that the more “farflung” nabes are the most vulnerable, pointing not only to some price reductions in spots like Bed Stuy as well as signs of…
This month’s issue of The Real Deal has an article about the ramifications of a cooling real estate market in Brooklyn (despite the debatability of that assertion). TRD contends that the more “farflung” nabes are the most vulnerable, pointing not only to some price reductions in spots like Bed Stuy as well as signs of mortgage lenders becoming more stringent about appraisals and comps. One Brown Harris Stevens broker claims that houses in Bed Stuy that may have been selling for for around $800,000 a few months ago now have asking prices closer to $600,000. Maybe, but frankly we haven’t seen many examples of such a dramatic shift. Sure people are being more deliberate in the search and may be less likely to plunk down a million bucks for a wreck in a less proven area, but 25% decreases are the exception not the rule as far as we’re aware.
Doubts on Fringe of B’kln [The Real Deal]
“BECROCLIN” – how hilarious!! Had me laughing for hours. But why not. Think I’ll use that term from now on (giving credit to Yente)
Hey Babs- I was living in that area then too! It got so I did anything to not take a cab unless it was one of the services I could call. I had drivers throw me out of the cab or simply refuse to move. Sometimes I practically begged. I hated it. It’s so much better now.
Very good, GW! Nah, I’m strictly Stuy. Just mocking the silly real estate names. I would’ve included Ft Greene, but it got too complicated.
Would that be:
BEd-stuy
CROwn Heights
CLINton Hill
Let’s see…that should put you around the corner of Atlantic and Classon?
Ok Yente, I’ll play…..
Clinton at the end?
I live in BECROCLIN.
The BOCOCA guides are found in restaurants and shops all over those nabs
http://www.brooklynnow.com/bococa/index.html
I don’t use the acronym much myself, but it much easier than typing them all out 😉
Yente’s right — cabbies refused to go to Brooklyn at all until the 90’s — I’ve spent so much time in taxi court I can’t tell you. And I was living in Brooklyn Heights and Cobble Hill at the time. The reason they didn’t like to do it was the thought of coming back empty.
Yente, I didn’t take it personally. I just had a hard time seeing how it was fine for my single female self to live in the ‘hood, but it was too scary for the big taxi man to take me there and live through the experience.
Note to say I am well aware that being a cabbie/car service driver can be dangerous, especially then, and there were good reasons why they didn’t want to go there. It’s just hard to justify those reasons when I was out on the street in the middle of the night by myself trying to get home. And no – I didn’t have THAT kind of job, it was a theatre gig.