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Old 07-19-2013, 03:22 PM
 
9,882 posts, read 7,676,937 times
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People are buying into bed stuy these days for the late 19th century/early 20th century townhouses. They are paying good money for them and they don't care if there is more crime than in other neighborhoods. The city keeps expanding the historical district.
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Old 07-19-2013, 03:24 PM
 
Location: USA
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^ they want to hold on to the past as long as they can i guess.
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Old 07-19-2013, 03:35 PM
 
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Supply and demand. Their not making more of them, and bed stuy happens to have a lot of them. More of them than any other nyc neighborhood IMO.
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Old 07-19-2013, 04:01 PM
 
Location: Bronx
14,779 posts, read 17,397,072 times
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Quote:
Originally Posted by Big Dre View Post
Whoa man I'm from the ghetto too. It's not like we chose to live in the ghetto. Most people in the ghetto are great people. It's just the small portion that make it bad. But we all have our opinions and I respect everyone's.
I have to rep you on this one. I'm from the hood to but I'm far from ghetto and you are right its just a small few bad eggs that ruin it for everyone. This type of attitude is not new to NYC and has been around for decades perhaps centuries.
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Old 07-19-2013, 04:13 PM
 
Location: Manhattan
506 posts, read 839,738 times
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Honestly, the degree to which Bed Stuy is becoming "gentrified" is ridiculously exaggerated? Have you guys been there recently? There are a handful of hipsters but it's still 99% old, black people, and it's in pretty bad shape. Even if you concede that there are signs of modest gentrification the neighborhood is still at least a decade away from being what Bushwick is now.
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Old 07-19-2013, 04:24 PM
 
Location: Chicagoland area
546 posts, read 2,235,125 times
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In a nutshell, gentrification is when poor areas of a city receive a lot of investment and development from "urban pioneers" to make the neighborhood better. Unfortunately (or fortunately, depending on your opinion), most of the poor people are often pushed out of the neighborhood as it becomes more desirable and livable. This sudden demand for development in an otherwise undesirable area can be due to factors such as proximity to downtown or a great transportation network. I'm not too familiar with New York, but in Chicago a lot of the West and South side neighborhoods close to downtown have received a lot of investment and development, and consequentially have gentrified over the past decade.

Some people say gentrification is socially bad, but from a financial standpoint its great for the city and businesses in the area. Most people moving to gentrified neighborhoods have higher incomes than the ones that were there before. The home prices become higher (more property tax revenue), new businesses open (more tax revenue) and people moving in generally have fewer or no children (less stress on school districts). Then again, people that have lived in the area can be pushed away if they can't afford to live there anymore. It's an interesting phenomenon.
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Old 07-19-2013, 04:27 PM
 
9,882 posts, read 7,676,937 times
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Quote:
Originally Posted by Snake Plissken View Post
Honestly, the degree to which Bed Stuy is becoming "gentrified" is ridiculously exaggerated? Have you guys been there recently? There are a handful of hipsters but it's still 99% old, black people, and it's in pretty bad shape. Even if you concede that there are signs of modest gentrification the neighborhood is still at least a decade away from being what Bushwick is now.
I'm there all of the time. Some parts are bad, others aren't.
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Old 07-19-2013, 05:30 PM
 
Location: Bronx, NY
9,832 posts, read 21,491,753 times
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Quote:
Originally Posted by Snake Plissken View Post
Honestly, the degree to which Bed Stuy is becoming "gentrified" is ridiculously exaggerated? Have you guys been there recently? There are a handful of hipsters but it's still 99% old, black people, and it's in pretty bad shape. Even if you concede that there are signs of modest gentrification the neighborhood is still at least a decade away from being what Bushwick is now.
You know there are Black gentrifiers also right?
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Old 07-19-2013, 05:46 PM
 
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Also, not sure how many hipsters are buying brownstones in bed stuy for a million bucks. Bushwicks gentrification is very different than bed stuy. Mostly renters.
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Old 07-19-2013, 06:40 PM
 
Location: Newark, NJ/BK
1,271 posts, read 2,174,059 times
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Quote:
Originally Posted by Snake Plissken View Post
Honestly, the degree to which Bed Stuy is becoming "gentrified" is ridiculously exaggerated? Have you guys been there recently? There are a handful of hipsters but it's still 99% old, black people, and it's in pretty bad shape. Even if you concede that there are signs of modest gentrification the neighborhood is still at least a decade away from being what Bushwick is now.
LMAO!! That last sentence had me very amused...as if Bushwick is some first-rate neighborhood to live in now.
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