Outlook 2007: Longs and Shorts
Note: 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…
Note: 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]
time for wannabe hispters to quit whining and mother’s and their children children.
there’s no question that the best neighborhood in Brooklyn and nyc is Ft. Greene with its mix of peoples, culture, unchanging historic architecture.
its values will continue to rise.
The only thing I associate with Park Slope anymore is the stench of soiled diapers.
Same here with me, “Stroller City” makes me ill. What a huge turnoff those women are. We’re trying to have a child ourselves, and I’m like “slap me if I become like that.” The thing that baffles me is I know plenty of very good mothers whose children turned out marvelously, who were not uptight, obsessive mommies like that. It’s not like there are no options for mothering styles. There are plenty. I’m very curious to see how the children of these women turn out. Not sure I want my child going to school with them though! I’d rather be in a hardworking, grounded, middle and working class area, where kids grow up with a grasp on reality.
Ugh…pardon me while I slit my wrists.
Double wide baby carriages? I believe the correct term for those is “bugaboos”…
I think Brooklyn, is the next Manhattan. Say bye bye to the middle class..
NYC is becoming a city for the Rich..
as much as i love dissing billyburg…i must say its a more pleasant place to hang than the stroller crazy park slope, etc…so basically wb & parts of red hook are fine to hang out, but i wouldnt want to live there
10:04, I’m a 40 something native Brooklynite who never understood why Williamsburg took off the way it did. I thought it was ugly (still do) much the same as 6:46am. But interestly enough, I find myself more comfortable in Williamsburg these days than Park Slope, where I lived and owned for many years. My guess is that people on this board are middle aged (like me) and prefer quiet, tree lined streets (like me). The reason I’m drawn to Williamsburg now is because I associate more with the bohemian artist lifestyle than that of a yuppy breeder. (No offense to yuppy breeders) Parts of brownstone Brooklyn (Park Slope) were once cool, but the more Brooklyn becomes like the suburbs, the more appeal Williamsburg will have to people like me. Disclosure: I’m in Bed Stuy now. Pretty AND urban.