Residential Rents in Brownstone Brooklyn Receding
After ramping up in the spring and summer, residential rents in Brownstone Brooklyn began to ease in October and continued to decline through the end of the year. That’s the big take-away from Ideal Properties’ year-end report. Not surprisingly, supply was up by more than 50 percent over 2007 for one-, two- and three-bedrooms; the…
After ramping up in the spring and summer, residential rents in Brownstone Brooklyn began to ease in October and continued to decline through the end of the year. That’s the big take-away from Ideal Properties‘ year-end report. Not surprisingly, supply was up by more than 50 percent over 2007 for one-, two- and three-bedrooms; the number of available studios rose only 17 percent. With greater competition for tenants, the percentage of No Fee apartments also rose from about 2 percent to over 20 percent. Landlords aren’t getting too desperate yet though. According to the report, “unlike their Manhattan counterparts, Brooklyn’s prime neighborhoods’ landlords have not started offering ‘first month free [rent].'”
“My basement 1 bedroom at $1,200 per month in Bed Stuy has nowhere to go except up!!!!”
Isn’t it illegal in NYC to rent a (true) basement? Unless you’re talking about an “English” basement, Rob is right – you’ve found yourself a sucker. No windowless basement apartment is worth $1,200 per month.
If I wanted to be racist I would What. You see I know far more words than you do and there are far more names that you could be called as opposed to an upstanding white irish/german/scottish catholic like myself. So get over the racist bullshit that you always use as a crutch when you have nothing left to argue.
Someday the loons will be extinct. Until then, we all suffer.
BHO is the other loon but I don’t know if he’s black too so don’t make it into a racist thing Asshat. You’re just a loon on the cover of a magazine dressed up as an imbecile, mockingly, in case you didn’t get it!!!!
And a second rate magazine at that. If it were the New Yorker this would apply to you…
http://www.modernarthur.com/blog/christwhatanasshole.html
Oh and by the way: I love the code word “loon” Dave. You see I decode racist talk..
The What
Someday this war is gonna end..
What – I own with no mortgage. However, I am with you on the fact that in todays market it makes much more sense to rent then own.
That is the foundation of my thesis on the Mutant Asset Bubble. America turned into 1 trick hoe with no manufacturing base so lets sell pieces of paper to one another. We are in a Depression and I’m afraid that people are going to find out the hard way.
Dave this loon got on the front page of New York Magazine…
The What
Someday this war is gonna end…
“‘Broken’ Billionaire Merckle Killed Self, Family Says (Update1)”
He does this to his family over material wealth. What a coward.
***Bid half off peak comps***
And the loons just keep on coming FatLenny. So much crap coming out of those two idiots..it’s hard to keep up.
Someday the loons will be extinct. Until then, we all suffer.
What – I own with no mortgage. However, I am with you on the fact that in todays market it makes much more sense to rent then own.
The different between rent for a 500k apartment and ownership expenses for a 500k apartment are too great.
So if I was a young guy with a good career and a good income, I would rent for a year or two and save for a place that I really like when prices go down.
“Yes gemini. $1,500 for a nice one with good closet space is definitely reasonable. Mine has a new kichen and bathroom but closet space is bad. If I made the space more livable by moving the kitchen and installing a wall of closets then I’d easily get $1,500.”
A clear example of public Masturbation! Dave please explain to us why in the would would some Asshat pay 1500.00 for a apartment in Stuyvesant Heights when they can get the same Apartment in Asshat Hill or Prospect Heights? Plus when 4 Asshats sleep in a 1 bedroom that’s when it gets nuts! There are plenty of apartment that are empty because of the landlord asking for high rent! This trend will not continue because ether the landlord will be foreclosed upon on lowers the rent.
Oh there is a dirty little secret here– most of these landlords are in foreclosure already, they are just waiting for the right sucker to come along. You know the sad this is– landlord and stores in the Ghetto have been gouging the Asshats. They see the PBR crowd come too the hood and use them like “Vics” and “tricks”, just damn sad.
The last thing (which is real funny)! If someone owns a house then they’re “somebody” but a renter is a “loser”???!! You dumbasses better get your priorities straight! The Mutant Asset Bubble made people feel special because they brought into the lie of “Home Ownership” but they was being “Owned” by the Big Boys who Jacked up America and now they are going to get the Tax-slave to pay for their mess!
The What
Someday this war is gonna end..