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Old 11-14-2009, 08:34 AM
 
Location: Beautiful Pelham Parkway,The Bronx
8,396 posts, read 19,723,056 times
Reputation: 6223

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Wow,here is a story that should make any New Yorkers looking for value in the housing market take notice. 3 br, 2 full bath pre war for $180,000 and renovated at Bronx prices.
Don't miss the slide show. http://www.nytimes.com/2009/11/15/re...te/15habi.html
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Old 11-14-2009, 09:17 AM
 
Location: Brooklyn
2,868 posts, read 4,054,486 times
Reputation: 5229
Quote:
Originally Posted by bluedog2 View Post
Wow,here is a story that should make any New Yorkers looking for value in the housing market take notice. 3 br, 2 full bath pre war for $180,000 and renovated at Bronx prices.
Don't miss the slide show. http://www.nytimes.com/2009/11/15/re...te/15habi.html
Thanks Bluedog
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Old 11-14-2009, 09:54 AM
 
Location: Brooklyn
40,057 posts, read 29,813,039 times
Reputation: 10455
Anderson and 167th is an interesting area. That's Highbridge. Some really nice buildings in the neighborhood, especially between there and 161st.
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Old 11-14-2009, 11:08 AM
 
283 posts, read 442,915 times
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Quote:
Originally Posted by bluedog2 View Post
Wow,here is a story that should make any New Yorkers looking for value in the housing market take notice. 3 br, 2 full bath pre war for $180,000 and renovated at Bronx prices.
Don't miss the slide show. http://www.nytimes.com/2009/11/15/re...te/15habi.html

I have mixed feelings about this. On one hand it looks nice and I wish I had the loot to do it too but when best kept real estate secrets like this get aired out it's only a matter of time before more smiley-faced outsiders like them do the same thing either at a moderate pace (hopefully) or ad naseum and eventually it's not a steal anymore. The Bronx becomes unaffordable (weird thought but I'm sure the NYT website has old articles like this about Brooklyn). I won't even get into what happens from there since everyone knows about LES, Hell's Kitchen, Ft. Greene, Harlem, etc.

I guess it's all inevitable and im not knocking them since, based on the article, they seem to want to be part of that neighborhood and not just save a buck or cash in on a property flip when the city puts more $$ into the Bronx and the ignorant hangups people have about this borough finally subside. But I'm hoping this will lead to some *balanced* growth for a change.
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Old 11-14-2009, 12:59 PM
 
Location: Beautiful Pelham Parkway,The Bronx
8,396 posts, read 19,723,056 times
Reputation: 6223
Quote:
Originally Posted by Pookie Jenkins View Post
I have mixed feelings about this. On one hand it looks nice and I wish I had the loot to do it too but when best kept real estate secrets like this get aired out it's only a matter of time before more smiley-faced outsiders like them do the same thing either at a moderate pace (hopefully) or ad naseum and eventually it's not a steal anymore. The Bronx becomes unaffordable (weird thought but I'm sure the NYT website has old articles like this about Brooklyn). I won't even get into what happens from there since everyone knows about LES, Hell's Kitchen, Ft. Greene, Harlem, etc.

I guess it's all inevitable and im not knocking them since, based on the article, they seem to want to be part of that neighborhood and not just save a buck or cash in on a property flip when the city puts more $$ into the Bronx and the ignorant hangups people have about this borough finally subside. But I'm hoping this will lead to some *balanced* growth for a change.
Pookie,
I also think it is inevitable that real estate prices in The Bronx will eventually get closer to what they are in similar kinds of Brooklyn and Queens neighborhoods,especially with all that has happened in the last year or so to force people to analyze how much they are spending on everything.
These seem like exactly the kinds of people who should be moving into The Bronx however and they sound like good neighbors.It's what is needed to help continue The Bronx's revitalization.
I don't think you have to worry about there being a flood of gentrification or speculation but it is the only affordable place left in the whole city for a lot of folks.It is the only place where owning can actually be less expensive than renting and the more owners the better for all of us.
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Old 11-16-2009, 04:28 PM
 
8,750 posts, read 15,618,024 times
Reputation: 4168
Pookie don't worry...I am confident that with the substantial amount of housing projects and subsidized housing of all kinds in the Southern Bronx, that any "changes" will be at a snail's pace.
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