Market Predictions for 2006: Neighborhood Picks
In what is now becoming an annual tradition, we invite you to share your thoughts and predictions for the Brooklyn housing market in 2006. Like last year, we’re particularly curious to hear your neighborhood “longs” and “shorts”. On a risk-adjusted basis, we’re most bullish on Prospect Heights and Carroll Gardens and, relatively speaking, would bet…
In what is now becoming an annual tradition, we invite you to share your thoughts and predictions for the Brooklyn housing market in 2006. Like last year, we’re particularly curious to hear your neighborhood “longs” and “shorts”. On a risk-adjusted basis, we’re most bullish on Prospect Heights and Carroll Gardens and, relatively speaking, would bet against Williamsburg. Overall, though, we don’t think 2006 will look at all like 2005, which was marked by huge surges in prices in some rapidly gentrifying neighborhoods. From where we sit, 2006 is looking like a year for the market to take a breath and digest all the rapid-fire changes that have occurred in recent years. Barring a big move upward in rates, we think prices will more-or-less move sideways. In our own little corner of Brooklyn, the big test will be whether the upscaling of Fulton Street can extend beyond Fort Greene. Man, could we use a gourmet market in Clinton Hill! Anyway, that’s how we see it. But what do we know. We’d rather hear from you.
Happy New Year.
Brownstoner
I’d like to see any neighborhood in NYC welcome a housing project with open arms.
If a latino was well-to-do they would not want to live next to a project either. If the city suggested building projects in Sunset Park then the latinos would complain as well.
No homeowner in their right mind would want to see a decrease in their property values. The construction of a project would spark a fear of declining value.
Stop projecting racism on White people. Racism is no a problem only white people have. Racist come in all colors.
I guess Adam thinks Ohio is one big green pasture with white people frolicking merrily.
Clinton Hill!
Think about the fulton street development to come and then will see…
Park Slope is not the racial oasis that you paint it to be. In reality, it’s segregrated, with 4th and 5th Avenues being more working-class and Latino and the areas around 7th and 8th being white and well-to-do. As 5th Avenue continues to gentrify, this diversity will shrink even more.
I’d love to have the city announce the building of a public housing project on 7th Avenue and 3rd Street – then you’d see how tolerant Park Slope residents are of people from different backgrounds.
I grew up in Ohio. What’s your problem with Ohio? Did you know there are diverse areas of Ohio too?
Instead of viewing the multitude of what you call pc nimbys that are found “especially” in Park Slope see them for what they are tolerant, accepting, and respectful, with an appreciation of culture other than their own.
Park Slope is a special place where interracial families, gay couples, black, white, asian and hispanic can all live together without feeling unwanted. I’m not claiming that Park Slope is a perfect place but don’t confused acceptance and tolerance for PC nimby.
If Adam’s freedom to use racial slurs without recourse was taken away from him well to bad. How would he feel if someone made a comment about a jewish neighborhood and dismissed it because of stereotypical assumption about its resident?
The character Fran on The Nanny is the stereotypical airhead goldigging, social climbing, with plastic covered sofas jewish family wanting to be WASP. Just because it’s on TV does not mean everyone is like that. It’s a stereotype on TV.
No one on Brownstoner has dismissed a jewish neighborhood as having too many jewdiggers. Why? Are they being too PC Nimby. I guess its only pc nimby when it’s about a group other than your own.
Although, Adam is throwing a little hissy fit, not everything he is saying is absurd. There are alot of pc nimbys in Brooklyn these days…especially in the Slope. And I’m sure that most of them did not grow up in Brooklyn, where we’ve always spoken in colorful terms. Let’s all take a look in the mirror instead of dismissing Adam.
Gentrification tends to take place in underutilized neighborhoods that have an existing population that is relatively stagnant or declining. An abundance of vacant or partially occupied buildings is usually a symbol of this condition. With its burgeoning immigrant population (Mexicans, Central Americans and Chinese), Sunset Park will not follow the gentrification patterns witnessed in other neighborhoods. The neighborhood is already and will continue to be “gentrified” with these new populations as the have been replacing the declining Puerto Rican population for years. Don’t look for a trendy coffee shop or an ironic T-Shirt boutique in Sunset Park anytime soon as 5th avenue is already chock full on healthy, vibrant business that serve the community
When did crime rates in Sunset Park become pretty low? Is this a recent thing?