Open House Picks
Fort Greene 129 South Oxford Street Brooklyn Properties Sunday 12:30-2:30 $2,500,000 GMAP P*Shark Fort Greene 297 Vanderbilt Avenue Douglas Elliman Sat 1-3, Sun 1-3 $2,000,000 GMAP P*Shark Clinton Hill 125 Cambridge Place Real Property One Sat 12-2, Sun 12-3 $2,000,000 GMAP P*Shark South Slope 228 14th Street Corcoran Sun 12-2 $1,200,000 GMAP P*Shark
Fort Greene
129 South Oxford Street
Brooklyn Properties
Sunday 12:30-2:30
$2,500,000
GMAP P*Shark
Fort Greene
297 Vanderbilt Avenue
Douglas Elliman
Sat 1-3, Sun 1-3
$2,000,000
GMAP P*Shark
Clinton Hill
125 Cambridge Place
Real Property One
Sat 12-2, Sun 12-3
$2,000,000
GMAP P*Shark
South Slope
228 14th Street
Corcoran
Sun 12-2
$1,200,000
GMAP P*Shark
Whenever the RE market gets hit and values drop during the cycles we will see a few times in our lives, the homes located in the suburban sprawls get hit first. Right? That’s another thing to keep in mind. Not a big deal if you’re living in the house long term. You just ride it out. But for short-term investments the suburbs are a bigger risk I’d think.
ATLANTIC
YARDS
EFFECT
judge not and easy on the suburbaners! A lot of us came from the suburbs and I’m feeling quite alive on the inside, thanks.
4:09 you clearly have some issues. If your identity is so much wrapped up in where you own property, you are probably the one that’s dead inside. Maybe you’re also bitter because you can’t spell and you’re still not happy even with your 3 homes.
i own a home in park slope and one in seatle. i also have an apt. in barcelona.
yes, i’m SO bitter.
2:47, congratulations on the stupidest post I’ve ever read. I would say that you shouldn’t believe in stereotypes, but since you clearly are the stereotype of the narrow-minded, bitter, self-congratulatory new yorker who never leaves the city but somehow thinks he knows all about the world, I won’t.
who cares if you can get houses in the burbs for 10 bucks??? i still don’t want one…nor do many, dar i say most of the people who read this blog!!! we have chosen to live our life in an urban enviroment, one in which we interact more with other human beings, while polluting less and generally have a better awareness about the world and ourselves and others.
no amount of money is gonna make me drive into my driveway every evening with my eyes glued to american idol, in bed by ten with a lean cuisine.
every person i know who has moved to the suburbs is completely dead inside.
sorry–that was supposes to be “I have NO interest in a new house.”
2:00, none of the houses in my price range have included a rental property, except for a 2 family that I would need to revert to single family in order for us to fit. The only way I could afford a house with the rental income you mention is to put myself in a financial situation where I totally had to have the rent each month in order to pay my bills. Given the potential trouble with tenants, that would be a really stupid thing to do. Also, you neglected to mention the NYC income tax. And of all of the houses I’ve seen in Westchester in the 800K to 1.5M range, the taxes have mostly been in the 10K-13K range. Some were as low as 7K and the highest was 16K. (The range you keep quoting is for new construction, which gets taxed at a much higher rate, but I have interest in a new house.)
Any economic comparison of Brooklyn vs. the suburbs should include the fact that most Brooklyn Townhouses have rental units which provide income and most suburban houses do not. i.e. Companring a $1 million house in the suburbs vs. a townhouse, the townhouse would usually have a rental to generate $2,000-$2,500 per month ($24-$30K per year). At 6%, the rental income would cover $400-$500K of mortgage which means the Brooklyn Townhouse buyer is carrying about $1.0-$1.1 million of house cost. The subruban house would have a tax bill of about $15-$20K vs. aobut $5K for the Townhouse. True that you won’t have to pay private school tuition in the suburbs. Also true that you’re still liable for that tax bill even after the kiddes are grown up and gone.