Foreclosures: Same Book, Different Cover
This colorful map, published yesterday in New York Magazine, doesn’t tell us anything we didn’t already know, but it does it with better graphic design. The bottom line’s the same though: Bed Stuy, Crown Heights, Canarsie, East New York and Brownsville are all getting whacked the hardest by the growing wave of foreclosures. The red…
This colorful map, published yesterday in New York Magazine, doesn’t tell us anything we didn’t already know, but it does it with better graphic design. The bottom line’s the same though: Bed Stuy, Crown Heights, Canarsie, East New York and Brownsville are all getting whacked the hardest by the growing wave of foreclosures. The red zones all represent zip codes with at least 150 foreclosure filings.
Artifact: Foreclosed [New York Magazine]
breezy point is looking pretty stable.
yeah what is this map tyring to tell us? it seems foreclosures in evergreen cemetery are pretty bad too. who’s gonna move the bodies?
Holy crap!!!
41-75 foreclosures in PROSPECT PARK!!!
We’re screwed! SELL! SELL!
“I’m just happy because I’m holding onto my house and I’m looking forward to some nice people buying in our neighborhood who can actually AFFORD a decent price. enough with the through the roof prices! on another note, brownstoner, I love you.”
Maybe someone can AFFORD a house in your neighborhood but, there will be NO MORTGAGES for them! Understand, there will be a CRASH in asset prices and no will be able to prevent that. Housing and asset prices are TOAST and we are in the first stages of this meltdown. This very bad folks, very very bad.
The What
Someday this war is gonna end……
In recent months, Brownstoner has repeatedly posted maps like this showing the disproportionately high (and completely unsurprising) number of foreclosures in Bed-Stuy, Crown Heights, etc. It’s sad. It’s tough. A lot of us got in over our heads with the erstwhile ridiculously easy money.
But if you bought a house that you CAN afford, and have enough savings, a job, and some sense, and if you’re not a flipper (or even if you ARE a flipper with the right combo of taste, timing, and luck)–you’re gonna be fine.
Some of these commentators need to breathe into a paper bag for a minute and calm the fuck down.
These make pretty graphics – but since zip codes are not equal populations, nor comparible home ownership rates(renter vs. owner) -mean very little.
One reason foreclosure rate in NYC is low – is because home ownership rate is very low.
I’m just happy because I’m holding onto my house and I’m looking forward to some nice people buying in our neighborhood who can actually AFFORD a decent price. enough with the through the roof prices! on another note, brownstoner, I love you.
I love The What!
It’s on fire.