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For the people who dont have as much purchasing power, that's where they will go
Ain't going to happen son. Let me explain. Take myself as an example.
When I was working and going to grad school and my wife was going to grad school full time, we lived in the Bronx for a few years (Bedford Park). On a single salary, the $1200 rent served us well and the neighborhood was great. No complaints whatsoever. We were able to live comfortably and pay for her school without loans.
I graduated and moved on to a better job and my wife is starting as a 1st year PS teacher this year. Hence, we're looking to buy soon. The Bronx hasn't really come into the conversation. Mott Haven is on my mind but more as a potential great investment, not as a great place to live and raise children in the short-medium term.
We're mainly looking in Brooklyn and Manhattan. Yes, the Bronx is cheaper and some areas are OK, but we'd rather pay a few hundred K more for a better place in Brooklyn or Manhattan.
The East Bronx has terrible amenities. The west Bronx is a bit better in that regard but the transportation links to Manhattan and Downtown Brooklyn are terrible (as in take forever).
Take a look at something like 2100 Bedford in Brooklyn. It's way more attractive then almost anything in the Bronx. That's only the beginning for Prospect Lefferts. We'd much rather buy there than the Bronx even though we liked living in the Bronx.
Furthermore, you also have to think about the next downturn (and it will come). Which areas are going to take the greater hit; Brooklyn/Manhattan or the Bronx? If you follow the RE market then you know that rents are actually dropping in upper Manhattan. The market's reaching a peak.
The way I see it is that Manhattan, Brooklyn, and LIC have to be saturated before the Bronx can really take off. Mott Haven might take off but that won't mean the start of gentrification across the Bronx. Mott Haven is akin to LIC/Astoria.
Last edited by wawaweewa; 09-06-2017 at 09:14 PM..
Agreed. In 3 years as the South Bronx reaches a critical mass of gentrification, by that point West Harlem/Hamilton Heights might be predominately white. There's a rapid growth of the white population here and a lot of brownstones undergo renovation.
Since you called me a white supremacist. I don't want you to agree with my posts anymore.
Ain't going to happen son. Let me explain. Take myself as an example.
When I was working and going to grad school and my wife was going to grad school full time, we lived in the Bronx for a few years (Bedford Park). On a single salary, the $1200 rent served us well and the neighborhood was great. No complaints whatsoever. We were able to live comfortably and pay for her school without loans.
I graduated and moved on to a better job and my wife is starting as a 1st year PS teacher this year. Hence, we're looking to buy soon. The Bronx hasn't really come into the conversation. Mott Haven is on my mind but more as a potential great investment, not as a great place to live and raise children in the short-medium term.
We're mainly looking in Brooklyn and Manhattan. Yes, the Bronx is cheaper and some areas are OK, but we'd rather pay a few hundred K more for a better place in Brooklyn or Manhattan.
The East Bronx has terrible amenities. The west Bronx is a bit better in that regard but the transportation links to Manhattan and Downtown Brooklyn are terrible (as in take forever).
Take a look at something like 2100 Bedford in Brooklyn. It's way more attractive then almost anything in the Bronx. That's only the beginning for Prospect Lefferts. We'd much rather buy there than the Bronx even though we liked living in the Bronx.
Furthermore, you also have to think about the next downturn (and it will come). Which areas are going to take the greater hit; Brooklyn/Manhattan or the Bronx? If you follow the RE market then you know that rents are actually dropping in upper Manhattan. The market's reaching a peak.
The way I see it is that Manhattan, Brooklyn, and LIC have to be saturated before the Bronx can really take off. Mott Haven might take off but that won't mean the start of gentrification across the Bronx. Mott Haven is akin to LIC/Astoria.
Your whole response is moot. You have a kid. Usually families come to changing neighborhoods last. And majority of this post is talkibg about what only you and your family are comfortsble with.
__________________
"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
Ain't going to happen son. Let me explain. Take myself as an example.
When I was working and going to grad school and my wife was going to grad school full time, we lived in the Bronx for a few years (Bedford Park). On a single salary, the $1200 rent served us well and the neighborhood was great. No complaints whatsoever. We were able to live comfortably and pay for her school without loans.
I graduated and moved on to a better job and my wife is starting as a 1st year PS teacher this year. Hence, we're looking to buy soon. The Bronx hasn't really come into the conversation. Mott Haven is on my mind but more as a potential great investment, not as a great place to live and raise children in the short-medium term.
We're mainly looking in Brooklyn and Manhattan. Yes, the Bronx is cheaper and some areas are OK, but we'd rather pay a few hundred K more for a better place in Brooklyn or Manhattan.
The East Bronx has terrible amenities. The west Bronx is a bit better in that regard but the transportation links to Manhattan and Downtown Brooklyn are terrible (as in take forever).
Take a look at something like 2100 Bedford in Brooklyn. It's way more attractive then almost anything in the Bronx. That's only the beginning for Prospect Lefferts. We'd much rather buy there than the Bronx even though we liked living in the Bronx.
Furthermore, you also have to think about the next downturn (and it will come). Which areas are going to take the greater hit; Brooklyn/Manhattan or the Bronx? If you follow the RE market then you know that rents are actually dropping in upper Manhattan. The market's reaching a peak.
The way I see it is that Manhattan, Brooklyn, and LIC have to be saturated before the Bronx can really take off. Mott Haven might take off but that won't mean the start of gentrification across the Bronx. Mott Haven is akin to LIC/Astoria.
Also, in regards to upper Manhattan rents dropping, you're talking about Harlem? Or Washingrin Heights and Inwood?
__________________
"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
Also, in regards to upper Manhattan rents dropping, you're talking about Harlem? Or Washingrin Heights and Inwood?
I live in West Harlem and there is a rapid influx of white people coming inhere, the Hamilton Heights area. East Harlem seems to have a slower influx but it too is changing.
I live in West Harlem and there is a rapid influx of white people coming inhere, the Hamilton Heights area. East Harlem seems to have a slower influx but it too is changing.
BF and I left East Harlem and the rents were rising. I can't say that I saw a huge influx of white people but enough to know the change was coming. We lived on 112th between 2nd and 1st, right across from Jefferson Projects.
A 1 bedroom on 112th between 3rd and Lex is going for $2250. Don't know if any of you know that spot but I wouldn't walk down 112th. I would walk on 110th to 2nd and then cross over to 112th. That corner of Lexington and 112th was too much activity for me.
BF and I left East Harlem and the rents were rising. I can't say that I saw a huge influx of white people but enough to know the change was coming. We lived on 112th between 2nd and 1st, right across from Jefferson Projects.
A 1 bedroom on 112th between 3rd and Lex is going for $2250. Don't know if any of you know that spot but I wouldn't walk down 112th. I would walk on 110th to 2nd and then cross over to 112th. That corner of Lexington and 112th was too much activity for me.
Can believe it because studios are now going for $1750 and up. There are a few new buildings along 3rd Avenue scheduled to open and those apartments will certainly be expensive, not just for the area but overall. Am sure the one bedrooms will fetch around $2300, maybe more depending on the amenities and how big they are, as they are new.
BF and I left East Harlem and the rents were rising. I can't say that I saw a huge influx of white people but enough to know the change was coming. We lived on 112th between 2nd and 1st, right across from Jefferson Projects.
A 1 bedroom on 112th between 3rd and Lex is going for $2250. Don't know if any of you know that spot but I wouldn't walk down 112th. I would walk on 110th to 2nd and then cross over to 112th. That corner of Lexington and 112th was too much activity for me.
112th is one of the worst streets in Harlem, from Lenox to First Avenue is nothing but NYCHA
__________________
"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence
Can believe it because studios are now going for $1750 and up. There are a few new buildings along 3rd Avenue scheduled to open and those apartments will certainly be expensive, not just for the area but overall. Am sure the one bedrooms will fetch around $2300, maybe more depending on the amenities and how big they are, as they are new.
By the *mall* I think I saw apartments going for $2800 but I can't remember the size.
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