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Old 09-05-2017, 11:56 AM
 
Location: NYC
375 posts, read 323,833 times
Reputation: 204

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Quote:
Originally Posted by OyCrumbler View Post
Well, better than him having listened to you and now wanting to put a foot up your ass.
He reminds me ALL THE TIME! Believe me, lol!
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Old 09-05-2017, 12:02 PM
 
1,721 posts, read 1,149,016 times
Reputation: 1036
Quote:
Originally Posted by SeventhFloor View Post
Some people are putting both feet in their mouth now. Mostly the ones that are complaining that its too expensive.

Anybody have links to old real estate listings? Lets compare from 30 years ago to today, even in the hood.

My father paid 125k in 2001 for a two family in the middle of bed Stuy.

I would kill for a 125k mortgage in NYC today.
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Old 09-05-2017, 01:14 PM
 
3,570 posts, read 3,760,233 times
Reputation: 1349
Quote:
Originally Posted by pierrepont7731 View Post
Areas like Mott Haven are *one subway* stop away from Harlem, so don't need all of the South Bronx to gentrify. Also have parts by Yankee stadium that are two or three stops from Manhattan by subway and just two stops to Grand Central on Metro North. Much faster than coming from East New York, and likely safer too since the courthouses are nearby.

Those who aren't ignorant about the Bronx will take advantage of certain areas. East New York is much worse crime wise than certain parts of the Bronx.
But not all areas gentrify based on geographical proximity to Manhattan. Park Slope gentrified far before Williamsburg for example. Astoria before LIC. There is that waterfront area between Greenpoint and LIC. No transportation at all, yet it's filled with high end housing. And Red Hook? Who'd a thunk that? It takes forever to get there without a car.
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Old 09-05-2017, 01:26 PM
 
Location: New York, NY
12,791 posts, read 8,300,808 times
Reputation: 7112
Quote:
Originally Posted by roseba View Post
But not all areas gentrify based on geographical proximity to Manhattan. Park Slope gentrified far before Williamsburg for example. Astoria before LIC. There is that waterfront area between Greenpoint and LIC. No transportation at all, yet it's filled with high end housing. And Red Hook? Who'd a thunk that? It takes forever to get there without a car.
Yes, but Red Hook will be getting ferry service soon. It depends on a lot of things, but proximity to Manhattan sure as hell helps.
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Old 09-05-2017, 01:51 PM
 
3,044 posts, read 5,003,619 times
Reputation: 3324
Quote:
Originally Posted by pierrepont7731 View Post
Am thinking this whole Bronx gentrification thing is overblown. Yes, some people moving there, but most areas are still as ghetto as ever.
Every time I get wind of how crazy an area of the Bronx is, I go to take a look. Every time, I'm disappointed by how run down the supposed 'up and coming' area is.
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Old 09-05-2017, 03:09 PM
 
34,098 posts, read 47,316,181 times
Reputation: 14275
Quote:
Originally Posted by cheyenne2134 View Post
My father paid 125k in 2001 for a two family in the middle of bed Stuy.

I would kill for a 125k mortgage in NYC today.
Me too, as I'm sure a lot of people on this forum would.

Good and cheap are just not synonymous in NYC anymore when it comes to housing (was it ever?).

At some point a compromise has to be made unless you have a big budget to play with.
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Old 09-05-2017, 05:30 PM
 
Location: Harlem, NY
7,906 posts, read 7,895,290 times
Reputation: 4153
Quote:
Originally Posted by SaltyPenguin View Post
https://www.nytimes.com/2017/09/03/n...rong-door.html

It's already happening, the real estate sharks are following the middle class like cockroaches.

They even set their foot in places like East NY. Let's face it, whatever the city invest into the people is simply an undercover investment for some rich real estate developers, some might even be funded by some foreign money launderers. If there's one thing for sure, they're mainly interested in places that are near a reliable transportation source.
I'm one who said the Bronx won't be gentrified anytime soon, and I stand by what I said. It's gonna take at least 20 years. You're starting to see little spurts of positive gains like the demolition and construction of buildings in Port Morris, and Moot Haven. Melrose seems to be moving along, Morrisania a little bit but nothing to start a 'Here Go, South Bronx Come' thread about. Now East Harlem on the other hand. Watch the fu** out. And I HATE the neighborhood but again, for the millionth time, the moment when East Harlem gentrifies the South Bronx will.
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Old 09-05-2017, 05:48 PM
 
Location: Aliante
3,475 posts, read 3,280,492 times
Reputation: 2968
I agree East Harlem and South Bronx are in tandem with the development.
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Old 09-05-2017, 06:11 PM
 
11,445 posts, read 10,490,737 times
Reputation: 6283
Quote:
Originally Posted by HellUpInHarlem View Post
I'm one who said the Bronx won't be gentrified anytime soon, and I stand by what I said. It's gonna take at least 20 years. You're starting to see little spurts of positive gains like the demolition and construction of buildings in Port Morris, and Moot Haven. Melrose seems to be moving along, Morrisania a little bit but nothing to start a 'Here Go, South Bronx Come' thread about. Now East Harlem on the other hand. Watch the fu** out. And I HATE the neighborhood but again, for the millionth time, the moment when East Harlem gentrifies the South Bronx will.
But South Bronx property values have already been going up substantially
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Old 09-05-2017, 06:20 PM
 
Location: Northeast states
14,056 posts, read 13,950,334 times
Reputation: 5198
Harlem Home Sale Prices Climb at 3 Times the Rate of the Rest of Manhattan

https://www.dnainfo.com/new-york/201...use-brownstone
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