Predict NYC 20 Years From Now (New York, York: co-ops, home, established neighborhood)

[DonnaReed]

I'd invest in Jamaica, Queens.

Any area in the general Jamaica area -from Northern Jamaica to Southeastern Jamaica.

Why?

Diverse, accessible to parkways, expressways, stores, businesses, public transportation,
but still not too near or too far from Manhattan.

I see NY in twenty years - Expensive, expensive, expensive!!!!!!

with homes ever changing from one-family with decent sized lots surrounding homes
to taller two and three-families, semi-attached, with just little plots for grass and flowers front and back rather than real yards

and more and more businesses

Korean owned vegetable stands and manicurists, Carribean Bakeries, 99-cent stores

but also pharmacies, restaurants, furniture stores, jewelry stores, clothes stores, banks, beauty palors, real estate offices, art stores, supermarkets, ice-cream stores, yummy!

everything...

[Alan B 718]

Originally Posted by FortGreener

I predict the Russian mob is going to control the city in 20 year's time.

i think the russian mob will be on their way out in about 10-15 years making way for the new Northeastern Mexican Mafia. Then there will be a mob war running rampant as the mexican mafia battles the central american crime family for control!

[Alan B 718]

Originally Posted by UpPastThree

This is what's listed on Realtor.com now. Which ONE area would YOU buy into (if you were using my money!):

Jamaica, NY
Barker Ave, Bronx
Mariners Harbor, SI (are these trailers? I can't tell from the pics)
Lefferts Garden, Brooklyn
Olinville Ave, Bronx
Fordham Hill Oval, Bronx
Decatur Ave, Bronx
Grand Concourse, Bronx
Kew Garden Hills (where is this?)
Shoreview Coop, Far Rockaway
Midland Beach, SI
Thieriot Ave, Bronx

as for where i would spend YOUR money right now.. hmmm
i would vote for just about anywhere in
north flatbush, midwood, parkslope south, brooklyn.
Far Rockaway.

I dont know enough about the bronx/queens to make a call there and id never spend any $$ in staten island as a future investment.

[Clutch718]

A bigger gap between the rich and the poor, isolated crime areas, more public housing for the poor, no middle class

[oc200]

Kew Gardens Hills is the predominantly orthodox Jewish neighborhood between Flushing and Kew Gardens in Queens. It's mostly very quiet and safe and made up of single family detached and semi-attached homes as well as some townhouses.

[jjbradleynyc]

Originally Posted by UpPastThree

This is what's listed on Realtor.com now. Which ONE area would YOU buy into (if you were using my money!):

Jamaica, NY
Barker Ave, Bronx
Mariners Harbor, SI (are these trailers? I can't tell from the pics)
Lefferts Garden, Brooklyn
Olinville Ave, Bronx
Fordham Hill Oval, Bronx
Decatur Ave, Bronx
Grand Concourse, Bronx
Kew Garden Hills (where is this?)
Shoreview Coop, Far Rockaway
Midland Beach, SI
Thieriot Ave, Bronx

I'd go with Staten Island or Brooklyn (Lefferts Garden). The Bronx seems like good things are happening, but isn't stable.

[brassbin]

Originally Posted by mead

Shanghai has an ugly skyline in my mind. It doesn't contrast well with the traditional 19th century European buildings on the other side of the Bund.

shanghai and 19th century european buildings?

to answer op's question, i think nyc in 20 years would be a lot nicer to a rich person and a lot worse from an average person's view point

[SeventhFloor]

my concern is who will do the civil service jobs if nyc turns into a playground for the very rich and a safe haven for the very poor?

[Guywithacause]

I can tell you who will be doing the civil service jobs and where they will be living: a mix of races that live in Melrose, Mott Haven, and Hunts Point. This is where the city is concentrating alot of new developments for the working/middle class....many of whom are in civil service jobs. In fact, they have already commenced a development in Melrose that is targeted specifically for NYC teachers...with downright CHEAP rents in a brand new development with housing, easy access to the city, new amenities, and parking!

The whole area is slated to be the resource for the city's middle class job pool..and with that comes the amenities and resources that will make it a very liveable, safer, and pleasant community.

[Mar1lyn27]

For the OP......
As a former Bronxite (21 yrs), then a Queens resident, and a few years in Manhattan as well, I have my 2 cents to offer.

The bronx was beautiful. I lived on the Grand Concourse, in the upper 170s.
It was called the Park Avenue of the Bronx; sensational old, art deco apartment buildings, with very roomy apartments, subway (IND line) every few blocks - took you into midtown manhattan in half hour max. I am now in a NYC 'burb, and can't wait to get out. My kids are grown and gone, and I divorced the husband , house is in contract, and I'm almost outta here.

The bronx was a great place to grow up and I've also thought that it would be a good investment for the future. I broached the topic of buying a co-op in one of the concourse apartment buildings, to my cousin, who has also left NY. It would be great to have a place to stay when we visit, or just rent out and watch it increase.

But, really, it's a crapshoot. You're gambling on any of the areas you listed. Nobody knows for sure how long it might take to regentrify some of the areas. Nobody even knows if it will happen ever. Some of the nicer areas on that list might turn ugly. The city is like an endlessly evolving organism. God awful areas have become very trendy, very pricey places to live.



And, btw, by the time you move into NYC, consider the fact that a movie will probably cost $55 each, and a quart of milk might be $20. Everything costs much more in NY.

Originally Posted by UpPastThree

This is what's listed on Realtor.com now. Which ONE area would YOU buy into (if you were using my money!):

Jamaica, NY
Barker Ave, Bronx
Mariners Harbor, SI (are these trailers? I can't tell from the pics)
Lefferts Garden, Brooklyn
Olinville Ave, Bronx
Fordham Hill Oval, Bronx
Decatur Ave, Bronx
Grand Concourse, Bronx
Kew Garden Hills (where is this?)
Shoreview Coop, Far Rockaway
Midland Beach, SI
Thieriot Ave, Bronx