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Nearby Flushing is getting huge investment. The rebuilding of LaGuardia. The development of Willets Point. And regardless of your race if you had property in Flushing years ago you got huge returns on your investment. Lastly non Asians work and do business in Flushing as well.
If you had property ANYWHERE in NYC you'd be getting huge returns.
Why do you keep making that misleading point?
As I've pointed out before, my parents bought a house in Bergen beach in the late 1990's for $225K. Comparable houses are now going for $650k. Inflation adjusted the house should be worth $320k. That's only a compounded return of 4.3% adjusting for inflation. Nothing too crazy.
Is Bergen Beach a must buy neighborhood?
The Chinese are overbidding for housing just like they do in Bay Ridge and Sheepshead Bay. Many ethnic groups do this as they pay a premium to live in their own enclave.
PS, why would an airport be a hot attraction? The most expensive neighborhoods in this city are nowhere near an airport.
Nearby Flushing is getting huge investment. The rebuilding of LaGuardia. The development of Willets Point. And regardless of your race if you had property in Flushing years ago you got huge returns on your investment. Lastly non Asians work and do business in Flushing as well.
NYWriterDude, I think we all get your point and we all agree with you that extent - we are just however trying to establish that any previously blighted neighborhood in NYC currently offers a large return, and, Flushing is kind of tough because if you don't speak Chinese or have a whole bunch of friends that do its kind of awkward to be there. The enclave part of it makes it a little seclusive.
NYWriterDude, I think we all get your point and we all agree with you that extent - we are just however trying to establish that any previously blighted neighborhood in NYC currently offers a large return, and, Flushing is kind of tough because if you don't speak Chinese or have a whole bunch of friends that do its kind of awkward to be there. The enclave part of it makes it a little seclusive.
Then again you had Williamsburg and Bushwick that are Puerto Rican enclaves, Bed-Stuy that is an African American enclave, Crown Heights that is a Caribbean enclave, Greenpoint as a Polish enclave, Astoria as a Greek enclave, Jackson Heights as a Indian and Colombian enclave, and so on and so on. Why are your friends much more uncomfortable around the Chinese than the previously stated?
Then again you had Williamsburg and Bushwick that are Puerto Rican enclaves, Bed-Stuy that is an African American enclave, Crown Heights that is a Caribbean enclave, Greenpoint as a Polish enclave, Astoria as a Greek enclave, Jackson Heights as a Indian and Colombian enclave, and so on and so on. Why are your friends much more uncomfortable around the Chinese than the previously stated?
The way I see it for "gentrification' to take place the poor hipster pioneers need to go there first. And by definition poor hipsters cannot push out people in already expensive places. Thus all the other xenophobic followers won't go where there are no pioneers. And most of this guy's friends are probably xenophobic especially when they don't see a single person like them walking around despite the neighborhood being safe, vibrant, with many luxury cars all over the streets. And to be fair i dont see any whites that are not married to an Asian pay high prices to live with Asians or any other race for that matter. Only minorities will pay high prices to live in white areas and thats the way things are unless whites believe that the neighborhood will improve, which has usually meant that the local blacks and Hispanics will eventually get flushed out. Those are the racial oddities that exist and will continue to exist because whites are still largely the elite ethnic group in the US. I can bet you any place that Asians buy up and move in in large numbers that the "it" factor to whites and the media will immediately get impacted. For this reason Flushing will never be gentrified or even a consideration for whites not married to Asians ever unless there is belief that the Asians will get flushed out, but the home prices will always be high and are largely recession proof due to Asian tendencies to put down large down payments thus they have a disincentive to dump properties cheap. Also the increasing financial power of Asians both in the US and abroad effectively puts a floor to the home prices. Not to mention the schools are getting better year by year.
Last edited by bumblebyz; 03-06-2016 at 10:37 AM..
I didn't say my friends are much more comfortable around the Chinese that the other enclaves previously stated. I'm flat out saying I am not enthralled by the beauty of Flushing being the next "it" hood if all it is, is another ethnic enclave minus all the amenities seen in Williamsburg and Bushwick.
You cannot for one second compare the nightlife, clubs, bars, art, and diverse music and cultural scenes currently happening in Bushwick/Williamsburg/Greenpoint to the homogeneousness of Flushing. Flushing is what it is. A super-chinatown.
I've worked in a cabinet shop before where it was 99% Chinese people (mostly immigrants) who lived in Flushing/Fresh Meadows. And guess what? They don't look at or give white Americans the time of the day, they mainly are ignoring, and a handful of them were downright rude when I had to be paired up with them on a project.
I've made friends with local blacks and Hispanics in every gentrifying hood I've lived in, ever. Sometimes I'll buy weed and/or loose cigarettes from the ones on the corner, I'll become friendly with the neighborhood characters and stop and bull**** for a while about the hood is changing.
That don't happen With Ethnic Enclave Chinese. They ignore you. So. Don't put me on the spot.
If you had property ANYWHERE in NYC you'd be getting huge returns.
Why do you keep making that misleading point?
As I've pointed out before, my parents bought a house in Bergen beach in the late 1990's for $225K. Comparable houses are now going for $650k. Inflation adjusted the house should be worth $320k. That's only a compounded return of 4.3% adjusting for inflation. Nothing too crazy.
Is Bergen Beach a must buy neighborhood?
The Chinese are overbidding for housing just like they do in Bay Ridge and Sheepshead Bay. Many ethnic groups do this as they pay a premium to live in their own enclave.
PS, why would an airport be a hot attraction? The most expensive neighborhoods in this city are nowhere near an airport.
Maybe you're someone who flies in and out of town on business a lot and you'd rather be closer to the airport. For some people an airport maybe an attraction.
So why it is overbidding when the Chinese do it?
Obviously they have the money to do this, and downtown Flushing is a business center. So why are you speaking disparagingly of the Chinese?
NYWriterDude, I think we all get your point and we all agree with you that extent - we are just however trying to establish that any previously blighted neighborhood in NYC currently offers a large return, and, Flushing is kind of tough because if you don't speak Chinese or have a whole bunch of friends that do its kind of awkward to be there. The enclave part of it makes it a little seclusive.
I've never felt uncomfortable in Flushing and I was there on a regular basis.
I didn't say my friends are much more comfortable around the Chinese that the other enclaves previously stated. I'm flat out saying I am not enthralled by the beauty of Flushing being the next "it" hood if all it is, is another ethnic enclave minus all the amenities seen in Williamsburg and Bushwick.
You cannot for one second compare the nightlife, clubs, bars, art, and diverse music and cultural scenes currently happening in Bushwick/Williamsburg/Greenpoint to the homogeneousness of Flushing. Flushing is what it is. A super-chinatown.
I've worked in a cabinet shop before where it was 99% Chinese people (mostly immigrants) who lived in Flushing/Fresh Meadows. And guess what? They don't look at or give white Americans the time of the day, they mainly are ignoring, and a handful of them were downright rude when I had to be paired up with them on a project.
I've made friends with local blacks and Hispanics in every gentrifying hood I've lived in, ever. Sometimes I'll buy weed and/or loose cigarettes from the ones on the corner, I'll become friendly with the neighborhood characters and stop and bull**** for a while about the hood is changing.
That don't happen With Ethnic Enclave Chinese. They ignore you. So. Don't put me on the spot.
I worked in Flushing and my Chinese coworkers were perfectly nice people.
There's a lot more to life than morons in bars. The idiot white kids who hang out in those places often drink and drug themselves into poverty and then they are OVER in NYC and OUT (Back home to the boonies, and that's IF their families will take them back).
Queens in general was very residential and conservative, so it does not have that many bars outside of Roosevelt Avenue. So though it's attracting development and has huge returns on initial investment, it thankfully attracts a better caliber of person instead of idiots who are obsessed with bars.
Maybe you're someone who flies in and out of town on business a lot and you'd rather be closer to the airport. For some people an airport maybe an attraction.
So why it is overbidding when the Chinese do it?
Obviously they have the money to do this, and downtown Flushing is a business center. So why are you speaking disparagingly of the Chinese?
How much is some? I can assure you that very, very, very few NY'ers value being that close to an airport. The Chinese aren't buying there because they're close to an airport either.
Nothing disparaging towards the Chinese. Those wanting to live in ethnic enclaves usually have to pay a premium.
Take the Syrian Jewish community in Brooklyn for example. The amounts paid for houses are nonsensical but some have the money for it. That doesn't mean the area is hot or a must buy.
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