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I'm looking to move back to Brooklyn after being away for awhile.
Do you think the recession has affected rent prices in Brooklyn? I've noticed prices increasing significantly in neighborhoods I thought were affordable.
Disclosure: I'm using craigslist (no fee brokers and owners) and local newspapers for my search. I don't know of anyone who has paid a brokers fee to find an apt here, but maybe things have changed...
For instance, I'm really interested in moving back to midwood somewhere along the Q line, and I can't seem to find a two bedroom for cheaper than $1500--in fact, most of what I'm seeing near the subway is close to the $1700 mark for a two bedroom.
About a year ago I had a three bedroom apartment in prime midwood for $1350. My boyfriend had a huge two bedroom for 1150.
I would reluctantly move to Sheepshead Bay, Kings Highway, or Brighton Beach (not the fancy condo part, but the places where Russian retirees live) as long as it was close to the Q line, but rent prices are not significantly cheaper.
So...Is it the recession (making rent prices increase), the time of year (nobody wants to move in the winter), where I'm looking (craigslist is just not the place to find the cheap, quality apartments in these places), or something else?
Thanks for responding! I checked Gravesend and actually found a lot of apartments within my price range. However, I'm not sure if I've ever been there. Is it the same general mix of people that you see in the Kings Highway and Sheepshead Bay areas? Lots of Russians, Ukrainians, Jews, some Chinese, etc..? The only thing I really know about Gravesend is that there is huge population of wealthy SY Jews there..
its similar, although it seems a bit more Italian being closer to Bensonhurst where I am (W5th st). The very wealthy houses are like East 2nd to Ocean Pkwy, my area is the West streets between McDonald Ave and Stillwell Ave. its a nice area overall.
This link gives a good view of Ave U in this region Avenue U, Gravesend, Brooklyn
I'm looking to move back to Brooklyn after being away for awhile.
Do you think the recession has affected rent prices in Brooklyn? I've noticed prices increasing significantly in neighborhoods I thought were affordable.
Disclosure: I'm using craigslist (no fee brokers and owners) and local newspapers for my search. I don't know of anyone who has paid a brokers fee to find an apt here, but maybe things have changed...
For instance, I'm really interested in moving back to midwood somewhere along the Q line, and I can't seem to find a two bedroom for cheaper than $1500--in fact, most of what I'm seeing near the subway is close to the $1700 mark for a two bedroom.
About a year ago I had a three bedroom apartment in prime midwood for $1350. My boyfriend had a huge two bedroom for 1150.
I would reluctantly move to Sheepshead Bay, Kings Highway, or Brighton Beach (not the fancy condo part, but the places where Russian retirees live) as long as it was close to the Q line, but rent prices are not significantly cheaper.
So...Is it the recession (making rent prices increase), the time of year (nobody wants to move in the winter), where I'm looking (craigslist is just not the place to find the cheap, quality apartments in these places), or something else?
Thanks in advance for any help!!
I'm gonna be frank with you, yoga, so you know what to expect. The recession hasn't helped renters in NYC one bit. In fact, the greed that started this whole mess we're all in is still alive and kicking in most of the boroughs and has actually made things worse for would be renters.
As people are no longer rushing out to purchase homes because of the mortgage meltdown and implacable sales prices of homes, the owners, landlords, investors, and their usual entourage have taken advantage of the demand for rentals and have now jacked up rents to unreasonable amounts for the average Joe/Jane.
You know what their rationale is - the market can bear it so I can charge it. Yeah, they don't care that they're forcing six people to live on each other in a 500 sq. ft. studio - the market can bear $1400 for a studio in Brooklyn, so I'll charge it, is their mantra.
The prices you see on Craigslist are in reality as high as they seem. Sorry, but this is the sad state of affairs for renters in NYC - unlike other parts of the country where economics, demand, common sense, normal as vs greedy rental policies are the norm.
I'm gonna be frank with you, yoga, so you know what to expect. The recession hasn't helped renters in NYC one bit. In fact, the greed that started this whole mess we're all in is still alive and kicking in most of the boroughs and has actually made things worse for would be renters.
As people are no longer rushing out to purchase homes because of the mortgage meltdown and implacable sales prices of homes, the owners, landlords, investors, and their usual entourage have taken advantage of the demand for rentals and have now jacked up rents to unreasonable amounts for the average Joe/Jane.
You know what their rationale is - the market can bear it so I can charge it. Yeah, they don't care that they're forcing six people to live on each other in a 500 sq. ft. studio - the market can bear $1400 for a studio in Brooklyn, so I'll charge it, is their mantra.
The prices you see on Craigslist are in reality as high as they seem. Sorry, but this is the sad state of affairs for renters in NYC - unlike other parts of the country where economics, demand, common sense, normal as vs greedy rental policies are the norm.
Yes unlinke other parts of the country where capitalism takes controll and rent are low, here in NYC since almost 40% of all apartments are controlled others have to suffer.
Yes unlinke other parts of the country where capitalism takes controll and rent are low, here in NYC since almost 40% of all apartments are controlled others have to suffer.
If you have a problem with NYC's capitalist system, I suggest you write the Mayor and Governor. When last I checked, NYC is part of NYS is part of the good old USA and is a symbol of the best economic system in the world - despite your rants about some alleged "socialism" here in the city.
The best corporations, businesses, individuals continue to flock here and do business in what you erroneously refer to as a "socialist" environment.
Location: Concrete jungle where dreams are made of.
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I would love to have a nice colonial in Ft.Hamilton or Bay Ridge. My fiance doesn't want to live in the city, but he seems to really like those areas and would make an exception. They're both really nice.
I would love to have a nice colonial in Ft.Hamilton or Bay Ridge. My fiance doesn't want to live in the city, but he seems to really like those areas and would make an exception. They're both really nice.
I would love to keep you in the city instead of Long Island, Rachael! Maybe your fiance will change his mind and live in the area the OP is referring to!!! Can I attend the housewarming?
Location: Concrete jungle where dreams are made of.
8,900 posts, read 15,928,114 times
Reputation: 1819
Maybe if we win the mega millions, then we can buy a house in Forest Hills Gardens along with Nassau County lol
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