Condos in Mott Haven....... (New York, Bath: sale, real estate, apartments)

[apvbguy]

Originally Posted by Guywithacause

Hey scat I just came across this thread...I am a little late but here is my 2 cents. I read about the new condos going up and I was happy to see this kind of development coming to the community. Although some may see this as detrimental to the community..I see it as providing an alternate type of housing for those with the resources that may move out the community rather than stay and keep the money local, or to those that have otherwise shunned the community and may not consider it.

Why keep creating the endless low-income housing...healthy communities have a mix of housing....Mott Haven is heavily weighted towards the bottom..so why not mix in other types of housing to help intergate the neighborhood more..and bring some more money too!

do you really think that anyone who can afford to escape the bronx will want to buy into a place like mott haven?

[Guywithacause]

Yes....and I am one of those people..and there are many others that are doing the same....the same people that are buying the new $600,000+ homes for sale across Mott Haven are a good example. These condos are providing an option to those who either want to trade up to something nicer who may otherwise leave, or an option to those outside of the community who may only know of the Mott Haven stereotype.

The new housing option is a great resource for the community and the city....and I hope that we can retain people that may otherwise leave the community in search of this type of housing...and keep their money local for the bodegas, restuarants, and other business owners and community establishments.

[NooYowkur81]

Originally Posted by apvbguy

do you really think that anyone who can afford to escape the bronx will want to buy into a place like mott haven?

There is such little housing available in this city, someone is always willing to pay. That's why the prices are so high. It's simple supply and demand economics.

[apvbguy]

Originally Posted by NooYowkur81

There is such little housing available in this city, someone is always willing to pay. That's why the prices are so high. It's simple supply and demand economics.

maybe you haven't noticed the trend of the last 50 years or so, but most people flee NYC when they can afford to, the affluent can be found mostly in manhattan, and small pockets of the boros and the rest of the people are either happy in NY or trapped, most of the people in the s. bronx fall into the trapped category.
You even see this trend continuing with the recent immigrants, once they get established and successful they move on. The only ones who stay are the ones who haven't been able latch onto prosperity

[SeventhFloor]

ok how much is a mortgage on a $795,000 condo....at least $3000 a month im guesstimating.....who is seriously going to pay that now? when harlem wasnt gentrified you could get a 3 story brownstone for less than that....mott haven isnt gentrified and look at the prices.....you people are sheep

[ogplife]

[quote=NooYowkur81;1885441]There is such little housing available in this city, someone is always willing to pay. That's why the prices are so high. It's simple supply and demand economics.[/QUOte

Thats sad. Too bad many people don't pay attention to the other class in economics when they discuss demand curve and pricing. A market is only as strong as the fools who obsess. If people don't buy, prices drop to realistic levels. Cost of living doesn't go up by accident. The people raise the cost of living themselves. I know this sounds harsh, but this is exactly why those who went crazy in the housing market (lenders, buyers) should not get any help from the government. Let those people suffer the consequences and let the sensible people reap the benefits. New York and anywhere else is only as expensive as the people make it. Did we really have to rush to this stores to buy ipods when they first came out? (mp3s were just fine), i phones? etc. People walking around with i phones that don't/ can't use 3 quarters of the features. For all the control the government has over our lives pricing is one of the few things we have control over as people, yet we still allow ourselves to be manipulated. The same street dudes that we look down on for being stupid and having no education, destroying our neighborhoods are even smart enough to spend 3 dollars on white tees, but the so called educated allow themselves to be manipulated. That is truly depressing.

[Guywithacause]

Ogplife...that is precisely why these condos will sell...and are a welcome addition to the housing stock of Mott Haven. There are many always on the sidelines who are experts at criticizing, and ultimately do not understand how the city works. There are many that are willing to pay whatever amount to live in thjis city....and that includes the boroughs. Forget about what the intrinsic value is for these condos...or any other such commodity...it is simply supply and demand...and as the city is perpatually in demand...and moreso by the upper echelon nationally and internationally...these values will continue to rise and there will be greater price parity across the city as a result.

These condos prove wrong the naysayers and the many on the sidelines who choose to criticize rather than participate. Good luck with paying prices based on whatever intrinsic price you believe it is worth....you will accomplish very little in this city.

[ogplife]

[quote=Guywithacause;1887943]Ogplife...that is precisely why these condos will sell...and are a welcome addition to the housing stock of Mott Haven. There are many always on the sidelines who are experts at criticizing, and ultimately do not understand how the city works. There are many that are willing to pay whatever amount to live in thjis city....and that includes the boroughs. Forget about what the intrinsic value is for these condos...or any other such commodity...it is simply supply and demand...and as the city is perpatually in demand...and moreso by the upper echelon nationally and internationally...these values will continue to rise and there will be greater price parity across the city as a result.

These condos prove wrong the naysayers and the many on the sidelines who choose to criticize rather than participate. Good luck with paying prices based on whatever intrinsic price you believe it is worth....you will accomplish very little in this city.[/QUOTE

Thanks for your wishes, but I would not buy in New York, too many fools that make the homes overpriced. I wish you the best of luck with your potential home.

[LP640]

Originally Posted by apvbguy

maybe you haven't noticed the trend of the last 50 years or so, but most people flee NYC when they can afford to, the affluent can be found mostly in manhattan, and small pockets of the boros and the rest of the people are either happy in NY or trapped, most of the people in the s. bronx fall into the trapped category.
You even see this trend continuing with the recent immigrants, once they get established and successful they move on. The only ones who stay are the ones who haven't been able latch onto prosperity

Oh really?

People actually flee when they finally realize they can't afford it anymore. With the high home prices in NYC, it would be easy to sell your house, move and still come up way ahead.

New York isn't Detroit.

[SeventhFloor]

hey look at me i just paid $795,000 (near a million dollars) for a condo in mott haven, but i cant get fresh direct, and i still hear gunshots...kool

i can get a 3 bdrm house in cambria heights queens for $400K-$500K, a much nicer residential neighborhood....i'll take a long commute over quality of life issues anyday.