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Co op City is a high target that will happen quickly once Metro North line gets going.
Best time is now to get in on those Co op over there before prices skyrocket to infinity and beyond.
The Bronx is very similar to Staten Island when it comes to gentrification. Like Staten Island, The Bronx for the most part is far from the Manhattan core. Gentrification is only possible due to easy access to Manhattan. This is why areas like Harlem. Astoria, Greenpoint, Williamsburg, Astoria, Long Island City exploded in the past decades. South Bronx is also close to Manhattan, and receives spill over gentrification from Harlem.
The Bronx is very similar to Staten Island when it comes to gentrification. Like Staten Island, The Bronx for the most part is far from the Manhattan core. Gentrification is only possible due to easy access to Manhattan. This is why areas like Harlem. Astoria, Greenpoint, Williamsburg, Astoria, Long Island City exploded in the past decades. South Bronx is also close to Manhattan, and receives spill over gentrification from Harlem.
The diffrrence, direct, single ride subway service. The Bronx has it, SI doesn't
Quote:
Originally Posted by Bronxguyanese
The Bronx is very similar to Staten Island when it comes to gentrification. Like Staten Island, The Bronx for the most part is far from the Manhattan core. Gentrification is only possible due to easy access to Manhattan. This is why areas like Harlem. Astoria, Greenpoint, Williamsburg, Astoria, Long Island City exploded in the past decades. South Bronx is also close to Manhattan, and receives spill over gentrification from Harlem.
The Bronx is very similar to Staten Island when it comes to gentrification. Like Staten Island, The Bronx for the most part is far from the Manhattan core. Gentrification is only possible due to easy access to Manhattan. This is why areas like Harlem. Astoria, Greenpoint, Williamsburg, Astoria, Long Island City exploded in the past decades. South Bronx is also close to Manhattan, and receives spill over gentrification from Harlem.
The difference is the former industrial areas had a lot of vacant properties, so it was easier to completely gentrify those areas. Harlem had a lot more housing projects than say Williamburg or LIC. Harlem likely won't completely gentrify, though it will further develop.
I doubt the Bronx will gentrify - as the poor living there will have no where to go.
The Bronx is already gentrifying. The rents are going up and have been substantially. The only question is how much gentrification will occur. Some people like yourself can't accept the idea of the borough not being a big ghetto. There are good neighborhoods there and upper middle class ones too that never went to hell, but of course you won't admit that. Your comment makes no sense either. The poor people would have to go elsewhere or you'll see more homeless people. That is happening too. The Bronx has seen some of the highest rates of eviction in the city. The only reason I can think of for your comment is that you wouldn't have anyone to look down on.
The difference is the type of gentrification happening. Long time Bronx residents are being displaced and are being forced to live further out. Maybe poor parts of NJ or Yonkers. The very dirt poor people will remain in the housing projects.
The Bronx is already gentrifying. The rents are going up and have been substantially. The only question is how much gentrification will occur. Some people like yourself can't accept the idea of the borough not being a big ghetto. There are good neighborhoods there and upper middle class ones too that never went to hell, but of course you won't admit that. Your comment makes no sense either. The poor people would have to go elsewhere or you'll see more homeless people. That is happening too. The Bronx has seen some of the highest rates of eviction in the city. The only reason I can think of for your comment is that you wouldn't have anyone to look down on.
Keep in mind some a lot of new housing in the Bronx is government program housing, and the city houses a lot of homeless people in hotels. The percentage of poor people in NYC isn't going down.
Rising rent doesn't necessarily mean gentrification. Didn't the minimum wage go up to $15 dollars? When that happens landlords raise the rent? Don't programs pay more for rent? Again landlords will raise the rent?
A lot of immigrants move to the Bronx. Six people not making much money together can afford to pay a lot in rent. So landlords can increase rents.
Call me when white families in large numbers send their kids to public schools in the supposedly gentrifying areas, and then I'll say it's gentrified.
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