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
Adam, shut up and go away.
I agree that Sunset Park is in for some gentrification. It had good housing stock, some gorgeous blocks, a park on a hilltop, decent public transportation, and pretty low crime rates. It may take time, but I think that the area will become more upscale eventually.
Hey Chauncy can you tell me more about what you know about these condos being built on St. Marks Ave?
Love the associated in clinton hills.. the fine food improvements are a nice start, would love to see specialty shops though.
My bf lives in dumbo and a new gourmet market named “foragers” just opened… really nice store. Can’t wait for the empire stores to be completed down there too.
Long: established brownstone nabes (brooklyn heights, park slope, fort greene/clinton hills), waterfront nabes (dumbo, red hook, williamsburg, etc)
long: park slope, brooklyn heights, dumbo, “downtown” in general, carroll grdns, boerum hill
short: williamsburg, greenpoint, prospect heights, bed stuy
is the area between windsor terrace and park slope fringe because no river divides it?
is the area between carroll gardens and cobble hill a fringe area because there isn’t a clear consensus where one starts and begins?
So now I’m a fringe person. Adam please come by and visit fringe.
Adam, you are proving yourself to be as immature as you are prejudice. You are continually dragging out an issue that could easily be avoided if you cease to stereotype people in this forum.
Since you have decided that I am from Ohio and ready to abandon my neighborhood at the sight of a non white people you couldn’t be more prejudice.
I was born in Brooklyn and have lived here my whole life. I love the diversity that Brooklyn has because of the cultural exposure. I would never leave my neighborhood of Park Slope because of a change in diversity. I add to the diversity. I am mixed race.
As for your ridiculous assertion that there are fringe people, that is ludicrous. There are no fringe people there are only fringe areas. Fringe means on the edge of a neighborhood or between two neighborhoods.
The area between Clinton Hill and BedStuy is a fringe area because there isn’t a clear boundary like a river or a park. The area between Crown Heights and Prospect Heights is a fringe area because there isn’t a clear consensus where one ends and the other begins.
If someone choose to live in a predominantly black, white, hispanic or asian area it is their choice. These areas tend to be more affordable than the areas that are mixed/diverse. Mixed/diverse areas tend to more income/wealth based.
Unfortunately in our country wealth has not been race-blind. As the times have changed and will change wealth and income will be race-blind. Allowing wealthy area to remain diverse and not just all white.
Stop labeling people and stereotyping them.
You were the one who was being a cultural elitist when you dismissed the hardworking people of Bay Ridge as being unworthy of your presence.
Stop calling me the PC police. And stop calling Italian people goombas and black people fringe people. We are not in 3rd Grade.