Foreclosures of the Week
There are a couple of cute houses up for auction today that aren’t in Bed-Stuy or East New York. To the left is a turn-of-the-century, three-story Bay Ridge house that appears to have been refinanced again and again (and again) by its current owner, who took control of the property in ’02. The lien for…
There are a couple of cute houses up for auction today that aren’t in Bed-Stuy or East New York. To the left is a turn-of-the-century, three-story Bay Ridge house that appears to have been refinanced again and again (and again) by its current owner, who took control of the property in ’02. The lien for this one stands at $787,627. To the right, meanwhile, is a Flatbush house that seems to have been owned by the same people since 1976; the lien here is a comparatively skimpy $85,753, suggesting a sadder story. Both auctions take place at 3 p.m. this afternoon at 360 Adams Street, room 261.
230 95th Street [Property Shark] GMAP
435 E 34 Street [Property Shark] GMAP
‘lower income neighborhoods of color’
should have read – lower income african american neighborhood or or lower income black neighborhood, or hispanic, or whatever the race is.
NOT – ‘of color’
Nobody should be refered to as ‘of color’, ‘colored’.
‘of color’ is a racist term.
Gabby’s lead sentence economically made the points that (1) there are foreclosures now even in places like Bay Ridge while (2) they still most heavily affect places like East New York and Bed Stuy. Both true, both valid.
Also — the “of color” comment was actually on target, since the stats show that unscrupulous brokers targeted these communities. I don’t think it’s racist to point that out — it’s racist to target those communities if you’re a mortgage broker.
East New York is pretty much black and Latino, folks. Bed Stuy is changing rapidly, I guess, and there’s also a lot more economic diversity in Bed Stuy, but it’s still predominantly black… so it’s not racist to mention this when there’s an issue of demographics on the table.
Interesting point about the investment property angle — hadn’t thought about that. It still negatively impacts the community, and the community is still predominantly of color and lower income, so it’s the same old story of these neighborhoods being hardest hit by blighting factors. I don’t really think Gabby was saying anything untoward when she mentioned it. Facts are facts.
Look you people on here… Many houses in BS and ENY are investment properties where many landlords did not care if the homes went into foreclosures.
“Brownstoner and Gabby are telling it like it is on this one, sorry.”
No, they (and you) are calling it they way THEY see it. Who says a writer MUST refer to one area’s shortcomings when pointing out similar issues in another area? The point that there are foreclosures in bay Ridge and speaks for itself. Why bring ENY and Bed Stuy into it? Don’t we hear enough about the foreclosures in those places? Gabby simply took the most obvious and easiest route in writing this post. I don’t dispute the factual nature of the information. Instead, I don’t like the way she went for the lowest common denominator right off the bat. It’s lazy and not very inspired work. At least that’s how it comes across to me.
Well, it’s after 3:00pm…anybody go and buy these up.
3:24–
Well, the subprime crisis is not equitable. If it is hitting East NY and Bed Stuy harder proportionally–and it is—Brownstoner is not obligated to make it look otherwise. That includes searching for foreclosures in neighborhoods where foreclosures are much rarer to balance things out.
Brownstoner and Gabby are telling it like it is on this one, sorry.
“There are a couple of cute houses up for auction today that aren’t in Bed-Stuy or East New York.”
The writer went out of her way to point out that Beford Stuyvesant and East New York have a large number of foreclosures, a point made frequently by posters, Brownstoner, local and national media, etc. This “news” is no surprise to anyone who reads this blog. We get it. There are a lot of foreclosures in these nabes. But, are these the only neighborhoods where foreclosures occur? Of course not. Still, as always, when referring to a brownstone Brooklyn nabe that is not Park Slope or Brooklyn Heights or Carroll gardens, etc., Brownstoner and posters here make sure highlight the worst aspects of that area. Not exactly equitable, or admirable, treatment.
2:55
How would you categorize East New York, then
A low income neighborhood.
You don’t need to stick ‘of color’ at the end of it. You sound like a racist from the 1950’s.