(Part of) Why Brooklyn Rocks
We just came across this quote from venture capitalist extraordinaire Fred Wilson (@fredwilson) in a post last week discussing a start-up conference held by Brooklyn Beta at the Invisible Dog on Bergen Street: It also bears saying that Brooklyn is the coolest part of NYC by a long shot. It is filled with super talented…
We just came across this quote from venture capitalist extraordinaire Fred Wilson (@fredwilson) in a post last week discussing a start-up conference held by Brooklyn Beta at the Invisible Dog on Bergen Street:
It also bears saying that Brooklyn is the coolest part of NYC by a long shot. It is filled with super talented creative people who live and work in a dense urban environment that is still borderline affordable.
This pretty much sums up the wind that’s been at Brooklyn’s back for the past decade and what should continue to drive it going forward. Oh, that and the architecture, restaurants, parks and lack of the entitled superrich, to name just a few.
“The idea that old timers who bought their homes for pennies and are selling for millions are being “pushed out” doesn’t really make much sense to me.”
It’s not them – it’s the collateral damage that occurs to renters being pushed out because their rents are rising as a neighborhood becomes more “desirable” or someone who grew up here but will never be able to afford to buy a place here or even rent one.
And I agree – there’s really nothing to be done about it. What are you going to say to people, “Don’t sell the house you invested your life in caring for at a huge profit so that you can retire somewhere else and enjoy the rest of your life.”? It’s just sad overall.
“But at least in Brownstone Brooklyn the rich have been pushing out the people who were here before Brooklyn was “hip.” I for one look fondly back on those bygone days and wouldn’t mind if the entitled rich would find some other place to live.”
Can you explain to me how someone putting their house on the market voluntarily and selling it for 2 million dollars (and bought for 100K in 1970) considered pushing someone out?
In many cases the people who are selling are the ones who are truly the rich ones and the new buyers are saddled with debt from their new home purchase.
The idea that old timers who bought their homes for pennies and are selling for millions are being “pushed out” doesn’t really make much sense to me.
“The super rich all know each other and would probably like to meet some new people. Let’s invite them to our holiday party.” As long as it’s a “Rent Party Christmas” party and they have to pay to get in. They’ll think it’s quaint and so Brooklyn!
It’s already been said, but bears repeating. Brooklyn does not suffer from a lack of entitled rich people. Maybe we can leave out “super-rich,” at least in comparison to Manhattan. But at least in Brownstone Brooklyn the rich have been pushing out the people who were here before Brooklyn was “hip.” I for one look fondly back on those bygone days and wouldn’t mind if the entitled rich would find some other place to live.
The super rich all know each other and would probably like to meet some new people. Let’s invite them to our holiday party.
also, the SUPER RICH are actually awesome. it’s the upper middle class that i find problematic.
*rob*
Maybe he means there are entitled people and super-rich people in Brooklyn, but not people that are BOTH entitled and super-rich
people who consistently need to tell themselves and others just how cool they are, over and over and over again, and feel the need to constantly live in cool areas… are just well? uh, i dont know..a tad barfy. from every article ever written about brooklyn basically boils down to one thing. apparently NOTHING was cool until the moonfaces decided what is. barf barf barf
*rob*
I love Brooklyn, but saying that it lacks the “entitled super-rich” in a post directly above an OHP where the cheapest house on offer is 5X the national median is a deeply ironic juxtaposition.