House of the Day: 208 Hancock Street
The days of someone paying a lot of money for a wreck of a house in Bed Stuy are over, if they were ever really here at all. (Most of the houses in Bed Stuy that sold for close to a million dollars or more in the last couple of years were either in good…
The days of someone paying a lot of money for a wreck of a house in Bed Stuy are over, if they were ever really here at all. (Most of the houses in Bed Stuy that sold for close to a million dollars or more in the last couple of years were either in good shape or had something pretty spectacular to recommend them.) As much as we dig the exterior of this brownstone at 208 Hancock Street, we’d be very surprised if someone paid the asking price of $859,000. There are no interior photos of the 3-family, 3,600-square-foot house, but judging from those windows, we’d be surprised if the inside of the house had been particularly well-preserved. So what do you think the market is for something like this? Not very strong, we’d guess.
208 Hancock Street [Weichert] GMAP P*Shark
Dude–even if all of that stuff were true and came to pass what the hell can I do about it sitting here in Clinton Hill right now? Not too much. So…I am going to live my life, try to be a good neighbor, and participate in the political process to the best of my ability. If there are those kinds of forces at work, little old me can’t do much about it. But I can’t also allow my life to come to a grinding halt because of the possibility of economic upheaval. I suspect the world will keep turning.
I will run this story tomorrow but here is a sneak peak.
You see you America has been hijack by the Big Boys! They take your wife and bend her over the table and you are stupid to stop it!
While the good ole Brownstone owners here are massaging each other prostates! You Tax Dollars are being used to save Wall Street and China debt. SS and Medicare will have to be cut in the future and the price on your investment wont mean shit! Why you ask? Because you are too fucking stupid!
US Blackmailed By China?
Fannie’s Mudd Soothed Asian Investors as Bonds Rose (Update2)
http://www.bloomberg.com/apps/news?pid=20601109&sid=azswcZQvmUX0&refer=home
Asian investors were among the most important groups to soothe because central banks, financial institutions and funds in the region own $800 billion of Fannie Mae and Freddie Mac’s $5.2 trillion in debt, according to data compiled by the Treasury. U.S. officials were concerned that sales from the region would push lending rates higher, said the people, who declined to be named because the discussions were confidential.
Earth to Asshats! You need to read this article and understand this. When the Olympics are over China is going to dump their US debt on the market and when this happens, buy a hardhat!
The What (85 days)
Someday this war is gonna end…….
MacD, I don’t think historic designation has an immediate effect upon home pricing, especially in neighborhoods like Crown Heights and Bed Stuy. There are too many other factors at work here, such as the general and local economies, the perceptions of safety and higher crime rates, and frankly, the reality that we are talking about home pricing in an urban, predominantly black neighborhood.
In the long run, however, I do see historic designation status becoming a factor in pricing. I see it this way: a neighborhood is designated; it gets media, political and local attention. This designation can be used as a carrot to persuade the city to do some of the quality of life things needed. (In the case of CHN, needed for years.) Neighborhood pride is instilled. People take renewed pride in fixing up and keeping their homes and blocks clean. Blocks are looking good; some services are finally coming in. People are coming into the neighborhood and finding it good, and homes sell. Perhaps some of these homes at least list for more, in part because of the aforementioned good vibes, but in the end, buyers determine what is, or isn’t a fair price for what they see.
I personally don’t want to see too many million dollar homes in CHN. I don’t think we are ready, and I don’t want the neighborhood becoming small pockets of gentrification surrounded by a greater community still in dire need of economic help. Historic designation is great, I’m proud to say I live in an historic district. I do want it to mean something, though. I want it to mean that everyone on my block in some way benefits from that recognition, and their lives are a bit better or a bit easier. Long way to go there.
(BTW, my email to you on a separate matter was returned, plz send me a valid address, thanks!)
Well said Montrose. It is comical to get worked up about such things anyway, but your comparison to Harlem is spot on.
classc1, I never said that Bedford Corners was NOT a part of Bed Stuy. It is, just as Stuyvesant Heights is a part of Bed Stuy. The only people who think otherwise may actually be real estate agents. However, large neighborhoods are broken up into smaller sections for lots of reasons, most having nothing to do with trying to avoid speaking the name of where you live.
Harlem has Hamilton Heights, Sugar Hill, Central Harlem, Mount Morris Park area, Striver’s Row, and Manhattanville, just to name some of it’s neigborhood names, and no one with a brain denies that they are in Harlem. The same is true here. Perhaps there are those who would use a designation like Bedford Corners to distance themselves from the rest of BS, but someone can always do something negative with anything. What are you going to do?
I see nothing sinister or wrong with calling the Bedford area “Bedford Corners”, especially in terms of a historic district designation. What’s the harm? It’s still Bed Stuy.
November is more than 86 days from now. Your shifting timeline is making me nauseous What.
I’m trying to think of an appropriate comeback to your prediction for us asshats. What would be an equal torture for the What akin to “shiting in their pants?” Ah yes, I know! Come November you will be forced to tolerate your neighbors yet again, as Thanksgiving brings another holiday season, the world turns and we all continue living the reasonable human lives that we live. Oh such torture to see people getting by and appreciating their lives I am sure you will spitting mad.
Someday this bore is gonna bend…
Don’t worry Asshats after November the names of the neighborhoods will go back to their rightful names. The Asshats will be shiting in their pants about the imploding Mutant Asset Bubble. Beford Corners Get The Fuck Out Of Here!!!
The What
Someday this war is gonna end…
I have to agree with “The What.” I lived in Bed Stuy for 8 years up until 2004 and not ONCE did I EVER hear of anyone call that area Bedford Corners. It really does not matter what the historical name is, the fact is that this is just yet another attempt by real estate “professionals” to call an “emerging” neighborhood by a name, any name, other than that which it really is. This is much like many blocks of what had always been called Bed Stuy, bit someone is now allegedly Clinton Hill. What a bunch of nonsense. This house is in Bed Stuy!!! Period.
lol- bedco is next to dobro (new name for downtown brooklyn) the newcomers are so trendy – they have a new name for everything.