Not-So-Bitter Renters Embrace Brooklyn
Brownstone living is no great shakes, say people profiled in this week’s Times’ real estate section cover story. The premise of the article is that there’s a new crop of Brooklynites who go ga-ga over our borough’s condos-turned-rentals because they’re much cheaper than similar full-service buildings in Manhattan. These renters say they’re not interested in…
Brownstone living is no great shakes, say people profiled in this week’s Times’ real estate section cover story. The premise of the article is that there’s a new crop of Brooklynites who go ga-ga over our borough’s condos-turned-rentals because they’re much cheaper than similar full-service buildings in Manhattan. These renters say they’re not interested in trad brownstone living because it lacks newfangled amenities, and they don’t want to buy a condo in today’s market. My peers who have their M.B.A.’s and their new master’s degrees and new jobs, they’re looking for new condos; they’re not into the traditional houses or brownstones, says a guy who rents a $2,550-a-month pad at Bed-Stuy’s The Mynt, above. This is the lifestyle we like. You cannot put a fitness center in a brownstone. You don’t have a doorman in a brownstone. Rentals are increasingly in demand, according to stats from StreetEasy that show Brooklyn rents rising 6 percent over the past year and sales prices falling 4 percent. If this is indeed a trend, one wonders how long-lived it’ll be. If more new buildings are planned as rentals rather than condos, how many developers are going to outfit their buildings with pricey condo-style trappings?
They Love (the New) Brooklyn [NY Times]
bxgrl, yall in the wrong country.
I think bxgrl has some serious emotional problems and some kind of antisocial personality disorder.
I mean, I appreciate trolling as much as the next fellow, but she completely fails at it. Has she successfully gotten a rise out of anyone? Does she really believe the nonsense she posts?
The ONLY reason renters get called names here is because many of them pray for, wish upon and seem to incessantly hope that home prices will halve, effectively causing many nice, hardworking people in NYC to go bankrupt.
That is the one and only reason why all this began. If renters were truly secure with their decision, they would not project their feelings onto others.
Very few homeowners here who spent many years saving for a downpayment, spent many weekends fixing up their place or investing in their future are bitter about the biggest purchase of their lives. Most I imagine are quite happy and proud.
I don’t know if the same can be said for many people who have been renting for 10 plus years in this city…
I dont get how so many of you repeat posters have that much time during the day to sit in front of your computer and pick fights-doesnt anyone work anymore? It seems that the dumbest threads are the ones most commented on..
Look! Fonzie is waterskiing in his leather jacket!, its not even getting wet!, he’s up the ramp-in the air, switch to stock film of a shark- and DOWN!.-he made it!
its gotten so trite on this site, thank god the brokers/advertisers are holding it together so all of you can still blow off work to fight each other in circles.
money, money, money!!!!!!!!!!
I’m a bitter owner.
Heather:
My parents live in Queens. They bought their house in 1975 (so 33 years ago) for $22,000.
If they put it on the market, they could probably get around 900K for it for a quick sale.
Are you really going to tell me that when factoring inflation that your numbers add up??
You aren’t very smart.
It’s just amazing to me that neither side will just simply accept everyone is entitled to their choices. What’s the big deal? So some people would rather rent. There is no stigma attached to renting except that some posters here have decided to make it one.
I have news for 6:22- I’ve sacrificed for a lot of things in my life that were more important to me than owning a house in NYC. If the only “sacrifice” you ever make in your life is cooking at home over going out, you’ll be damn lucky. But let’s not mistake sacrifice for skimping pennies. It’s about your choice, not a sacrifice.
5:46 said it perfectly.”If you are trying to live a happy life, you should concentrate on things that are likely to make you happy. For most people, that includes actual relationships with your children while you are still alive, productive work, and so on, with property ownership quite far down the list.”
I choose not to own- maybe at some point in my life I’ll buy. But like any other renter I don’t see the need for the uninformed and snide comments about renters and their lifestyles. Many of us grew up in a NYC that was mostly rental. Our families (I hope I’m not shocking some of you)did exactly what homeowners do- raised us, sent us to school, gave us birthday parties, etc. My family didn’t have to own a house to provide for us, or make a good life for us.
If you want to own a home- good for you. I don’t fault anyone for saving, buying a home and passing it down through generations. I respect your choice. Renters simply expect the same courtesy.
So according to the comment of the day, you should not buy when you are young, and live it up and party and go out to dinner every night. So by that philosophy, I am also screwing up my golden years, by assuring that I will have to pay rent after I aim to retire, having to succumb to a landlord, rising rent costs, possible moves every year, etc. all while trying to enjoy my golden years that i’ve worked so hard for.
no thanks. i’ll take the moderate approach. buy now, be finished with my mortgage when i’m 60, then live out the rest of my life (on a fixed income, mind you) and be able to enjoy the fruits of my labor.
and people say americans don’t plan for the future.
if you look at the comment of the day, one would think that was true…