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Right, Bushwick is more attractive to singles for the most part though that also includes people with high income. I think the bigger thing is that the population of Bushwick is much, much higher than Bed-Stuy so there's a lot more gentrification to make a full-on demographic shift whereas the much lower population density and population of Bed-Stuy means there's only so many gentrifiers that need to come in before you see a really marked change in the demographic composition of the neighborhood.
The larger shift in Bushwick's population in the previous decade wasn't actually so much that of well-to-do transplants coming in, though that was significant, as it was the internal change in the Hispanic population from fewer Spanish Caribbean to more Mexican.
More immigrants came into Bushwick before the gentrification took hold. Similiar to that of Bed-Stuy with its more recent arrival of its Caribbean population. Diversity, which they both lacked prior.
Bed-Stuy has much nicer streetscapes and housing stock than Bushwick and covers a larger area than Bushwick does. Bed-Stuy also has a much lower population density and overall population size than Bushwick. Many of the gentrifiers moving in are people with families and that usually means a pretty high household income and purchasing power.
I think those factors combined with the L train shutdown to come means Bed-Stuy's gentrification is going to accelerate past Bushwick's soon if it hasn't already. The potential further walking distance to the subway (or proximity to more useful subway stops as the G isn't as useful as the L or J/M/Z) is an issue but not as big of an issue with the gentrifying population since bikes and rideshare are so commonplace.
Regarding geographical size, you need to include Ridgewood with Bushwick for a fair comparison. Same continuous street grid.
L train shutdown is insignificant when it comes to real estate. It might actually end up being a good thing value wise.
Every real state pro has predicted a price drop of between 3 and 15% but you call it insignificant. Bushwick lives on rent, that hood will be hit the hardest. All businesses there depend heavily on the influx of party goers that go there and will not come. lost of bars and restaurants will not survive this. meanwhile in the east village are getting ready for a stampede on people after that. bridge and tunnel people are not going to get on a bus to hang out in BK. People will get accustomed to other hoods and scenes, great loss for north BK.
Every real state pro has predicted a price drop of between 3 and 15% but you call it insignificant. Bushwick lives on rent, that hood will be hit the hardest. All businesses there depend heavily on the influx of party goers the go there and will not come. lost of bars and restaurants will not survive this. meanwhile in the east village are getting ready for a stampede on people after that. bridge and tunnel people are not going to get on a bus to hang out in BK.
I hope we see that price drop. I'd be all over it waiting to invest if we do. Forget 3%, we need upwards of 15% for the opportunity to make sense.
And don't worry. When the L train goes down you'll be feeling it on the A/C, J/Z, G, and even on the 7 and F trains. The M train will come out the winner.
And don't worry. When the L train goes down you'll be feeling it on the A/C, J/Z, G, and even on the 7 and F trains. The M train will come out the winner.
the problem with those trains is that they take way longer to reach BK than the L
the L is an straight shot. The A stops a lot in lower Manhattan. the J goes south in Manhattan and the transfer in Fulton is hell. The G is a myth, no one has seen that train in years. and there is the M the hero of the movie. so crowded....
Similar dynamic happening in Harlem. Harlem is just too big and dense. Not a lot of open land to built new condos. Harlem gentrification despite of being fast will take very long.
Bushwick could benefit from the fact that it has a lot of open land to built new condos. it could develop its own thing. the hood is more like a blanc canvas than a thing of it own. the L train shut down will slow down things in north Brooklyn and speed up things in central BK.
Parts of Bushwick is a blank canvas because of the less densely built industrial areas, but there are very large communities living in Bushwick, so it’s weird to call Bushwick in general a blank slate. The sheer population size and density is part of what makes Bushwick’s character. That density and diversity is why there are so many commercial strips in the neighborhood. The close proximity of such a large population to all those industrial warehouses and facilities is also part of what makes it unique. I’m not personally a fan of Bushwick in terms of living there and I think we can all agree that more people would likely find Bed-Stuy neighborhoods more attractive at first glance, but there are others who like the setup of Bushwick.
Bushwick is much, much denser than Bed-Stuy and that’s a quality in and of itself. Bed-Stuy’s quick turnover isn’t necessarily because of just more people finding it more attractive than Bushwick, but also in large part due to its much smaller population.
the problem with those trains is that they take way longer to reach BK than the L
the L is an straight shot. The A stops a lot in lower Manhattan. the J goes south in Manhattan and the transfer in Fulton is hell. The G is a myth, no one has seen that train in years. and there is the M the hero of the movie. so crowded....
The L is a very useful train as one of the few crosstown lines and that continuity with Greenwich Village, East Village, and Williamsburg played a large part in Bushwick’s gentrification. The L shutdown will be significant, but I think saying the G is a myth (ridership on the G has been growing a lot) is an exaggeration and I’m not sure what you’re trying to say about the M.
The L is a very useful train as one of the few crosstown lines and that continuity with Greenwich Village, East Village, and Williamsburg played a large part in Bushwick’s gentrification. The L shutdown will be significant, but I think saying the G is a myth (ridership on the G has been growing a lot) is an exaggeration and I’m not sure what you’re trying to say about the M.
A year and a half in the lifespan of real estate is not significant.
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