Brownstoner Reader Survey Results
As promised, we’ve got the results of the reader survey that ran from last Friday morning through Monday afternoon. Based on the 882 responses (out of the 100,000 or so people who visit the site every month), 52 percent of readers are male and 48 percent are female (with at least one abstension). Exactly half…
As promised, we’ve got the results of the reader survey that ran from last Friday morning through Monday afternoon. Based on the 882 responses (out of the 100,000 or so people who visit the site every month), 52 percent of readers are male and 48 percent are female (with at least one abstension). Exactly half are in their Thirties, two-thirds have household incomes in excess of $100,000 and more than 95 percent have a college degree or higher (we expect to see fewer typos going forward!). In terms of geography, 85 percent of readers live in Brooklyn, with the greatest numbers hailing from Park Slope, Clinton Hill and Carroll Gardens, in that order. Of the two-thirds of respondents who own their own home, 57 percent own a house, 26 percent own a co-op and 17 percent own a condo. It’s also a conservative bunch: 71 percent have a fixed-rate mortgage, 19 percent a variable and 10 percent are debt-free. Lastly, more than 60 percent of renters plan to buy a place within the next two years (less than 4 percent plan on never owning). Anything surprising to you in those numbers?
Time for the Brownstoner Readership Survey [Brownstoner]
Hey where’s DUMBO? I filled out the survey and I live in DUMBO
not to be a noodge, but my rate is fixed for five years then it rolls over into an adjustable rate.
of course, i plan to see where the rates are closer to that date and probably refi, possibly for another five years . . .
my point is that the rate IS fixed — just not for the 30 years that our parents wanted and many still feel attached to
‘Meanwhile, 20 somethings like me who barely make 6 figures have poor parents will never be able to afford a place that is convenient to Manhattan.”
You gotta love this guy’s sense of humor.
If you can’t make it on “barely” 6 figures the problem is you, not the market. Sorry about the parents too. Have you spoken to them about having had you when they really couldn’t afford you?
Variable is not the correct term. I think the term you are looking for is adjustable. A five year mortgage with full payment at the end of five years is a balloon. If it adjusts after five years it is adjustable. Variable is not an industry recognized term.
I didn’t know what to answer about the fix/variable mortgage issue.
I have a rate fixed for 5 years. what do you consider that, Mr. B?
5:00pm. i disagree with your semi-rant. i make about 40 thousand dollars less than 6 figures a year and in the last 3 months have bought and moved into a perfect (for me) studio apartment in the north slope. no rich parents to speak of. and i’m 30 years old.
i’m sorry you are having such a rough go of it apparently, but perhaps you aren’t looking in the right place or simply not trying hard enough. i suggest you spend more time focussing on your own life than dismissing and generalizing the lives of others.
your generalizations are simply not accurate.
This survey doesn’t surprise me at all. It confirms the obvious. Most Brownstoner readers are rich and already own their own home. No wonder they love to shout down any new development that occurs in the city. The only possible result of allowing development in this city is their property values will go down.
Meanwhile, 20 somethings like me who barely make 6 figures have poor parents will never be able to afford a place that is convenient to Manhattan.
Thank You Mr. Brownstoner. I shall link to this survey every time the crazy Anti-Atlantic Yard crowd of rich homeowners spews forth their selfish nonsense.
I have done quite a bit of business in Cypress Hills over the years.
It was always a good area to buy a starter home with an FHA mortgage. Ahh, those were the days!
I haven’t tooled around the area for over a year, but have always considered it the “next stop” once the wave moves out from western Brooklyn communities.
I still don’t think it’s ripe for the picking yet. Bushwick just to the west, is still developing and attracting new buyers, but even there, it’s not anywhere close to being a Fort Greene, yet.
If a buyer is truly adventurous and seeks a decent price, then Cypress Hills is an excellent location.
The J train is there. The Jackie Robinson Parkway begins right there, so it’s a short drive out to Nassau County or northern Queens.
The housing stock is older, needing improvement.
Cypress hills is only a twenty minute train ride to williamsburg marcy stop also you can take the j to the L train at broadway junction-Developers are salivating for land in cypress hills.Its a very nice neighborhood with a 122 acre park(Highland Park) for the amenities.There are alot of beutiful brick houses dating back to 1910. Housing prices in this area are going up fast.Don’t be surprise when the corcoran group starts to sell houses in this area.