Will Everyone Go Running Back to Manhattan?
Crain’s recycles the question (asked by The Times a week earlier) that seems to be on everyone’s mind these days: Do falling Manhattan rents spell the end of Brooklyn? We don’t think so. Clearly some people who work in Midtown and were living in Brooklyn based on price alone (“If it’s as expensive in Brooklyn…
Crain’s recycles the question (asked by The Times a week earlier) that seems to be on everyone’s mind these days: Do falling Manhattan rents spell the end of Brooklyn? We don’t think so. Clearly some people who work in Midtown and were living in Brooklyn based on price alone (“If it’s as expensive in Brooklyn as Manhattan, I’d rather just be in the real thing, says one publicist) will return to Manhattan but, we’d bet, most of the creative professionals who’ve put down roots in the County of Kings are here to stay. Real housewife Alex McCord summed up how we—and, if this poll is to be believed, many others—feel when she told the paper, Even if we had Warren Buffett money, we would never leave.
Can Brooklyn Keep Its Mojo? [Crain’s]
Brooklynites Jumping Ship to Manhattan? [Brownstoner]
Photo by cornell100
Give me a break, Tybur6. You have a lot of concern about a problem that doesn’t exist.
ENY, lo siento my paint brush was quite broad this morning.
Yes sixeyearsandcouting…. teachers make $45-75k on average. “Teachers who already have a master’s degree but no teaching experience will start at $51,425.” (From NYC DoE)
I shouldn’t have lumped them in with social workers… who, incidentally, work at schools. The most definitely make $40k. And maybe, just maybe, $50k.
So… tell me, where will the teacher making $65k with substantial student loans live?
“Ugh, “publicists”. They’re only entertaining when they’re running people down at bad clubs in the Hamptons.”
But, we’re well compensated.
Teachers generally make well over $40K/year.
Lionballs –
“If i could buy a similar brownstone in chelsea or the UWS near the park for the same price as one in PS, you can bet most people wouldn’t blink twice before choosing the manhattan one.”
… but I would. And so would a lot of the people who live in Park Slope.
The only reason I can fathom for choosing Chelsea or the UWS over Park Slope is due to return-on-investment concerns, which isn’t something I’d be worried about if I could afford to buy in any of those three places, since I’d be buying for the long term, not as an investment strategy.
My neighborhood? That’s cute, Tyburg6.
Mopar… you’re cute. But since the policemen and firemen that are most qualified are finding jobs in communities OUTSIDE new york city, who’s gonna be crying?
The market is awesome, don’t get me wrong. But don’t be surprised when nurses and firemen and teachers stop trying to get jobs in your neighborhood!! That’s part of the market.
> “the LES is a puke soaked Murray Hill playground on the weekends.”
Well said, d-h. A gross but apt description.