This Weekend's Open House Picks
Park Slope 146 Sterling Place Douglas Elliman Sunday 12:30-2 $2,995,000 GMAP P*Shark Fort Greene 76 South Elliott Place Brown Harris Stevens Sunday 2-4 $2,795,000 GMAP P*Shark Fort Greene 135 Saint Felix Street Corcoran Sunday 1-4 $1,699,000 GMAP P*Shark Bedford Stuyvesant 522 Madison Street Corcoran Sunday 10-11 $624,960 GMAP P*Shark
Park Slope
146 Sterling Place
Douglas Elliman
Sunday 12:30-2
$2,995,000
GMAP P*Shark
Fort Greene
76 South Elliott Place
Brown Harris Stevens
Sunday 2-4
$2,795,000
GMAP P*Shark
Fort Greene
135 Saint Felix Street
Corcoran
Sunday 1-4
$1,699,000
GMAP P*Shark
Bedford Stuyvesant
522 Madison Street
Corcoran
Sunday 10-11
$624,960
GMAP P*Shark
Google it, 3pm. You’ll get tons of write-ups and studies going back a long time. The fact you’ve never heard this topic discussed before shows you have no clue what you’re talking about.
“Say what you want but the numbers don’t lie.”
So show us some numbers. Or did the suburban zombies eat your brain already?
2:22. There are plenty of houses in BEd-Stuy and closer to Stuy Heights in your price range and several cheaper then the one listed above.
The nearest train is the A/C at Utica (an express stop – 5th stop into Brooklyn)
The prices in Bed-Stuy have come down and are really affordable now given what other areas cost. Area is definitely improving. Still lacking some services, but you won’t starve to death if you live there – and should not fear the fear mongers who talk about crime. They have never been to the area
2:53:
the trend is JUST beginning. that’s why a lot of people don’t see it yet.
there are still people moving to the burbs, but the shift is in the beginning stages.
with the urban and green revolution (which is in my mind a great source of what will propell us OUT of this recession) is going to cause many people to rethink the way they live their lives.
do you really think joe and nancy in south jersey, making 60k per year combined can sustain themselves on $4 gas. No, they might look for work in Philadelphia, or Jersey City or Baltimore and realize that the world is moving towards something that is a little more sustainable.
That doesn’t mean no more cars. It means scaling back.
Everything.
2:29-
9% of 2+ million is still a lot of money…if you approach home ownership as an investment, wouldn’t you want to avoid what most would agree is a risky investment.
I am with those who think it best to wait out this market.
Sure we have friends in the suburbs too. They like their big yards and their cars. But they have no friends there. None. They only have each other. Because people don’t talk to each other. Everyone walks around like zombies not interacting. Just imagine raising your children in a way that makes them creepily undersocialized because they never get to witness their parents hanging out with other adults socializing. My parents entertained all the time at home. Nobody in the suburbs I know does that at all. Maybe twice a year.
Say what you want but the numbers don’t lie. The migration from suburbs to cities has been noted and growing for well over a decade now all over the country.
2:42 – do you mean 20% in inflation adjusted terms? If so, the absolute drop would not quite be 20%. I myself have a chunk of cash but also own an apt and am planning to trade up. It is a funny time. My theory is that prime properties will sell well, and non-prime will not. From my search (I feel I really know the market well now), I see how properties that are truly prime, and not overpriced, still sell fast, close to and sometimes over ask. Properties that are not prime for whatever reason (fringe location, need a lot of work, show badly) are not selling as well, and are either lingering or seeing price drops. I’m really on the fence about the state of the market but I think if you find a place that truly works for you in terms of all the variables (location, school if you care about that, size, detail or ability to renovate as you like, etc.) and there are reasonable comps to support the price, you will probably be OK in the long run – even if prices stay flat or drop a bit (and I’m not sure they will drop as much as 20% – seems more likely that they will flatten for a long time). Lack of inventory is one of the major problems right now, and I’m not sure how much that will change in the future, purely due to demographic trends since there seem to be a lot more young families seeking places to live in Brooklyn. Others say there are also a lot of baby boomers who will need to sell their homes, but I don’t see that as a major phenomenon in Brownstone Brooklyn – but maybe I’m wrong.
“20% may SEEM rational to you, but it’s not what economists are predicting.”
The same economists who declared the subprime crisis was contained?
At this point, I think the tinfoil hatters have a better clue.
Exactly, what I have always said… Park Slope is essentially like the upper west side, transplants and all, except a 45 minute commute away. I guess if that is your thing.