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Old 10-25-2011, 09:26 PM
 
Location: North Bergen,NJ
576 posts, read 1,392,258 times
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As far as resale value........ehhhhhhhh I'd give the nod to the South Bronx. Although it really depends on where in the South BX.
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Old 10-25-2011, 11:23 PM
 
Location: Glendale NY
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Starrett City was always one of the better sections of East New York. It looked like a decent area in it's own right when I went there one day to work.
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Old 10-26-2011, 06:57 AM
 
Location: Bronx, NY
9,841 posts, read 21,836,877 times
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Quote:
Originally Posted by DoomDan515 View Post
Starrett City was always one of the better sections of East New York. It looked like a decent area in it's own right when I went there one day to work.
Its not as bad as some people tend to think. Ive heard they do get some crime spillage from nearby areas.
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Old 10-26-2011, 07:02 AM
 
Location: Manhattan
20,794 posts, read 27,363,097 times
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Why assume gentrification is inevitable for ANY of New York City? If the U.S. economy continues on a downward spiral we may see exactly the opposite. There is no reason to believe the South Bronx of tomorrow will not return to the South Bronx of the 1960's. Same for much of East New York.

We so often make the mistake of looking at TODAY and taking that view and spinning it to infinity. The conditions that turned large parts of NYC into burned out abandoned Hell holes have not disappeared overnight...they are always waiting in the wings.

Remember that developers ALWAYS overshoot and their most massive building is often into the worst economies. Then the bankruptcies and the the City winds up owning most of the newly built homes...Mitchell Lama anyone? We saw it in the '70's we saw it in the early 90's.

All it will take for these grandiose plans of "gentrification" to go belly up is a couple more economic cataclysms.
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