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
to anoynomous 12:12 welcome to the big BR. Bay ridge doesn’t seem to me to have the upside fringe brooklyn nabes have but also less downside. the ole risk/reward thing. however to the poster PL manor and BR are in different worlds. PL manor may have nice asthetic houses but thats where it ends. BR has excellent public schools, resteraunts, specialty stores and parks. since the waterfront park started falling into the harbor it is getting redone (although it will never be like hudson river park due to brooklyns second rate class status). Negatives- slobs who leave their garbage/ dog shit and air conditioner parts all over shore road park (the rest of the area west of third avenue is spotless). does not have that nyc/ brownstone brooklyn feel to it. commute is not the best 30 to 45 minutes to Union Square. too many goombas on third avenue at night and in the hood. doesn’t have that hip feel to it……….yet. thus the lower prices.
“World’s Monetary Debt to Israel Doubles”
Wait a second. If Israel has enough money to loan to other countries, then why is the US still sending them billions every year?
http://www.israelnn.com/news.php3?id=95169
World’s Monetary Debt to Israel Doubles
13:49 Dec 20, ’05 / 19 Kislev 5766
(IsraelNN.com) Government and private loans to other countries have doubled in the past year, with world debts totaling $24 billion as of September 30. The Bank of Israel reported the amount is more than double than that of last year as Israel turns from a borrower to a lender.
Bank of Israel Governor Stanley Fischer also said that Israel’s credit rating will improve several months after the elections because economic policies are stable despite political uncertainties.
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U.S. Congress approves transfer of $600 million in aid to Israel
While cutting social programs here at home.
http://www.haaretz.com/hasen/spages/661833.html
U.S. Congress approves transfer of $600 million in aid to Israel
By Haaretz Service
The United States Congress approved Friday the transfer of $600 million in aid to Israel, according to media reports.
The reports state that the money is to be used to fund joint security projects between Israel and the U.S.
Of the $600 million, $133 million will be used to develop the Arrow missile program, a collaborative project between Israel Aircraft Industries and Boeing.
Some $10 million will be invested in developing a missile capable of intercepting short-range missiles.
Israel carried out a successful test of its Arrow anti-missile system earlier this month, which Defense Ministry officials called a response to the increasing threat of ballistic missiles in the region.
The test launch came as a Russian newspaper reported that Iran has signed a deal to buy Russian tactical surface-to-air missile systems. The reports comes one day after Prime Minister Ariel Sharon warned of the dangers of a nuclear Iran.
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“disgusted” got deleted. brownstoner supports the defamation of Jesus and Santa. nice.
“happily in cash 9:29”-jewish or just a hater?
what to buy?…LLL!
Long: Harlem and Washington Heights
Short: all of Brooklyn
(The infrastucture is already there. Within a few years, all Manhattan will be golden and you’ll still have to walk over the Brooklyn bridge in the freezing cold if there’s a transit strike.)
Please learn to spell folks! You act like experts in the RE field but can’t spell simple words like reason. Please!
Please learn to spell folks! You act like experts in the RE field but can’t spell simple words like reason. Please!
I did look in PLM last year and I have know people who love it there,But the houses were still 300 to 600K more than BR. PLM a smaller nabe with less in the way of services,and the BR train ride is 10 mins longer than my ride from PS.It just made more sense for me the BR thing. Happy Holidays All
you dont have to go as far as Bay Ridge for a single family house half the price of Park Slope. Prospect Lefferts Manor has some of the most pristine well crafted single family homes in New York city. It is next to Prospect Park, Garden and had a rocket of a subway to Manhattan (20 minute commute). These house were built for the wealthy at the turn of the century. They are half the price of Park Slope and no renters…
Looks like some folks should adjust there MEDS. for the New Year, or maybe start takeing them.