houseNote: We’re moving this post up from yesterday to encourage more input.Welcome to the third annual installment of our market prognostications. Last year, we picked Prospect Heights and Carroll Gardens to outperform and Williamsburg to slump, which in retrospect look like pretty good calls. As for next year, our eyes will be on the areas bordering Prospect Park that have the location and housing stock on their sides but have yet to attract widespread interest from the gentrifying crowd. We’d also be front-running the newly Brooklyn-focused Landmarks Preservation Commission by looking in spots like the soon-to-be-designated Crown Heights North. On the downside, it’s hard to see how increasing supply of run-of-the-mill condos coming on line in Williamsburg won’t continue to put downward pressure on prices. We’re not as wary about the effect of Atlantic Yards on surrounding real estate as some and continue to think that Prospect Heights has a lot to offer. As has been mentioned before, quality brownstones should continue to find buyers while those in more marginal neighborhoods and lacking architectural detail will likely have a tough time. Looking back on last year’s post, we can be thankful that we got our wish of a gourmet market (sorta) in the form of Choice. Now if we could just get a friggin’ cheese shop we’d be really psyched.
Market Predictions for 2006 [Brownstoner]


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  1. Here it is simple style:

    Park Slope – up a little
    Carroll Gardens – up a lot
    Fort Greene – up a little
    Brooklym Heights – up a middle
    Prospect Heights – up a lot far from AY, same or down a little close to AY
    (AY BLOWS – do something really cool or bugger off – what a waste of possiblity)
    Boerum Hill – up a lot
    Gowanus – UP UP AND AWAY(I have to add here – if you don’t like the super freak Momsies in PS – move to Gowanus – coolest vibe in BK – share a beer with a friend on the carroll steret bridge and figadeal me) – with whole foods coming in two years Gowanus will be the same price as CG -get it while it’s good)
    Bed Stuy, crown heghts, bushwick, and all the other outlying BK Hoods – I feel for you cuz you is going to be in free fall(20% down min)

    Just to set BK Real Estate in perspective – it costs a Mill for a small 2br in M – that is just sooo wrong – plus the air sucks and if you have kids their lungs will shrink – but lots of takeout – for most spending that kind of cash brownstone brooklyn is brain dead – now that the PR has begun for BK in earnest it will only grow and for good reason, here you have space, air, good schools, trains and kick ass takeout

    BTW – Willimsburg, greenpoint and the downtown condo BIZZIES – I feel for you too, the biz level is already down – a word of advice-tell the developers you are workin to do what they got to do to sell their stock this spring before the condo bloodbath begins

    Stoop Out!

  2. Wait a minute…all this talk about PS moms, James Brown and Truman Fair-Deal ground…and somehow the critical point was completely missed!?!

    There’s a double Bugaboo? *Definitely* need to look into this.

  3. That’s cool 8:42. And yes, you’re right. We don’t need any handouts…just a fair playing field. And at the same time, people of color should not be pushed out of their neighborhoods by more advantaged groups. I’m glad we’re in agreement about this. It truly saddens me when I see one of my brothers or sisters turn his or her back on those who are less fortunate. I’ll never do that and I’m glad we’re on the same side in this respect. Peace.

  4. 9:54

    I am 7:33 but not 10:01. I did not quote him out of context and surely it is not my intent to convince anyone that JB was not an advocate of civil rights. I wanted to emphasize the point that Blacks and others ARE NOT looking for handouts but for an equal opportunity (hence Just open up the door.. and I’ll get it myself.) From WEB Dubois and Booker T to Martin and Malcolm we have disagreed with the manner in which we go about getting a fair chance. I do not want to see an “underclass” of any color pushed out of neighborhoods as these neighborhoods become fashionable/convenient for PS stroller mom types. James Brown lived an interesting life and I have the utmost respect for the brother but even within his own life there was an interesting dichotomy. Some might perceive it as self hatred. The brother became addicted to drugs and caught a serious case of Jungle Fever in his later years. This of course does not negate all of the good he has done. So 8:25 misquoted and misused JB’s lyrics not me and 10:01 as did you misunderstood the situation all together.

  5. I can’t even tell who 7:33 is addressing. Looking over the posts above…neither side is wanting handouts for black folks. All people are wanting is an end to discrimination and equal opportunity. Is someone saying that there should not be opportunity? If so, who?

  6. You people should really be ashamed of yourselves. James Brown was right when he sang:

    “When some of us get money
    We forget about our people”

    (RIP James…we’ll continue the struggle, even if the people posting above won’t)

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