Shell of Its Former Self, 925 Fulton Street For Sale
Poor 925 Fulton Street. This beautiful four-story building between Clinton and Waverly has been neglected for years, but is now getting another shot at life. After being in the same hands for more than three decades, the four-unit property traded back in 2005 for $200,000 and then again in 2007 for $953,000. According to the…
Poor 925 Fulton Street. This beautiful four-story building between Clinton and Waverly has been neglected for years, but is now getting another shot at life. After being in the same hands for more than three decades, the four-unit property traded back in 2005 for $200,000 and then again in 2007 for $953,000. According to the sign on the door, it’s for sale again. We tried calling the number (917-755-5461) but were unable to reach a human being. Does anyone know what the asking price is? How great would it be if someone would fix this place up. GMAP P*Shark
I lived in Clinton Hill from 1989 until 2007, and don’t kid yourself, the population changed–A LOT. Everything else changed–for sure there are better stores and services–but there are many, many, MANY fewer working class families who used to be able to rent a place to raise their kids and send them to reasonably decent school. Now the schools are much better, but that doesn’t matter to the families who can’t afford $2.5k/month for a two-bedroom.
Wow What. That is just world class humor.
Now how about responding to what I wrote—
1) What happens to the lower income people in Brownstone Brooklyn if the “asshats” meet the horrible fate you wish for them?
2) Why can’t you warn of economic turmoil without reducing me and everyone else on this board to ridiculous stereotypes? Most of us don’t work for banks you know and if everything goes under we will be victims just like everyone else.
3) What is your dire prediction for 90 days from now
Be a good WHAT and engage constructively….
“just think when he flies off the handle with attacks against homosexuals and other entire groups as part of his argument,”
Awww Biff… Did I hurt your Inner Homo? Awwww There there now little Asshat…. I’ll tell Dave to give you reach arounds and to kiss you on the forehead when he’s finished..
The What
Someday this war is gonna end…
I’m sorry but you don’t let opportunities like this go by…
Also, you have been saying 90 days for a while now. When do they start ticking down? And what happens? Do let us know so we are prepared. Most appreciated.
“I would like to ask all of you a question? What would happen if I was right? What would be your thinking one day all of this crap came crashing around your heads?”
—Well if this did all come crashing down(not sure exactly what comes crashing down but assume its the way of life of the readers of this website) it would certainly be a tragedy, for me, for you and for just about everybody that lives in Brooklyn.
As I said earlier the people who would be most hurt by a total collapse in the real estate market and the economy would be those already at the most risk, especially those on the lower end of the economic spectrum. I for one am not trying to argue that it couldn’t all come crashing down but I am certainly not rooting for it the way you seem to be. I think that for the most part, no matter how bad the economy gets in the short-term, that the communities forged in this wave of housing renovation will survive and emerge healthy because of the efforts of all of the people who live there and are engaged in their communities. Only a very small percentage of the people of any race in Brooklyn see the world and their neighborhoods in the us vs them mode that you see things.
If you are right and we all lose our shirts and worse, it will be a pyrrhic victory for you.
For you weekend reading pleasure..
Confessions of an Economic Hit Man
John Perkins
Please read this book! It will bring some insight about my rants..
The What
Someday this war is gonna end…
I would like to ask all of you a question? What would happen if I was right? What would be your thinking one day all of this crap came crashing around your heads? I can see it now “You was right What” and I would be a celebrity.
I’m a Broker! I watched people get assraped! I watch people get houses with no money down and lose them.. I watch the Investors rob people of their homes. I watch kkids inherent houses only to refi and suck out every nickel of equity.. I saw Mortgage brokers use fake w-2, pay stub and other crap to quality people for loans.
I have watched the vallue of my money go down the drain. I have watched Wall Street use taxpayer dollars to bail themselves out! I watched gas go to FUCKING 4.00 a gallon!!! I watched the economic activity grinding to a halt this summer. You can tell your kids to play in the street, there is NO FUCKING TRAFFIC!!!!!!!!!!
You know why you can’t see that! You are blinded by greed and delusion.. Lokk at this story!!
Foreclosures linked to subprime fraud
A New York state investigation of subprime mortgage practices reveals fraud proliferated in the state, which had the eighth-highest number of foreclosures in 2007.
http://tinyurl.com/6zje4t
In one example from 2006, Suzette Francis, a woman with two young children, no assets, working as a $10-an-hour security guard and living in a homeless shelter, obtained a mortgage for $470,000 that, as the report stated, “exhibited…every characteristic and feature associated with dangerous subprime loans.”
Francis had down payment and no proven income or assets. Her adjustable rate mortgage started at 10.8% and was capped at 16.85%. At that rate, even her initial monthly payment came to more than $4,400. She would have to work 400 hours a month just to pay her loan.
HOW IN THE FUCK DID THIS BITCH GET A FUCKING MORTGAGE!!!!!!!!!!!!!
Remember in the good ole days you have to show you was worthy to get a mortgage!
But I’m the bad guy??!! No Asshats I’m the messenger! I’m not playing nice nice anymore and BTW you got 90 days… Tick.. Tick.. Tick….
The What (Bomb Thrower)
Someday these Asshats will wake up……
Hey CH–If What would say that this is his point it would be a lot easier, both to understand where he is coming from and to engage with him. But you saying this doesn’t mean this is actually what he thinks or cares about either.
But anyway, I have also been in Brooklyn a long time and have lived in several neighborhoods that have gentrified as I have lived in them (Williamsburg and Clinton Hill most specifically) so I think I am also fairly well versed in the ups and downs of the process. Of the two neighborhoods I have actually found that Clinton Hill is the one that has gentrified with the most original population base and cultural flavor in tact. This is not to say that there haven’t been people displaced by the new residents, but it seems like more of the original residents owned their homes in Clinton Hill and stuck it out whereas in Williamsburg its a bit like the neighborhood was drained of all its long time residents and repopulated by totally new ones overnight.
I really love living in Clinton Hill and love the fact that my daughter plays with such a diverse group of children in Underwood Park and that there are so many different kinds of culinary and cultural experiences to be had. Its a great great neighborhood. And it bums me out to be lumped in with some sort of capitalist marauding class as exists in the imagination of the What. I give a shit about where I live and I live peaceably with my neighbors. And I am investing in this neighborhood for the long haul (by buying a house in this incredibly stressful market). Anybody, on any side of the issues of gentrification and urban renewal who turns the other side into a characterization or a bogey man is doing nothing good but instead propagating a culture of mistrust and resentment.
What, your thoughts?
Ah, interesting statements there wasder…you sound like a thoughful guy.
Don’t let anyone get under your skin. Make a nice life for yourself and keep your aspirations, but understand that the changes that have come in Brooklyn over 30 – 40 years – as someone else said today – aren’t always good for everyone. Not talking about you in particular, but there are also a lot of people on this blog with, uhm, really snobby entitled attitudes! There I said it, and I’ll go duck under my desk!
I’ve been here a good long time, and what’s happened with these neighborhoods is both exciting and disappointing in many ways. Good small businesses pushed out, young hipsters being pretentious (oh yes they are!), and where is the affordable housing, where are the jobs, why eminent domain, why jacked up rents and subprime loans with rising rates hidden. Follow the money. It’s an old story really. What, in his inimitable fashion, is one of the few voices who speak to that here.
Yeah, true, maybe What could lighten up or take his meds more often or drink less coffee, whatever, but I think the ranting is actually communicating a bit more than polite discourse would. Maybe What could experiment with another name and talk in his “inside voice”! LOL!