williamsburg brooklyn real estate, is it too late to invest?

You missed your chance, buddy.

lollerz

NEW YORK REAL ESTATE CRASH!!!! AAAAAAAHHHHHH!!!!!

officially over

http://www.curbed.com/2007_07_502%20Metropolitan%20Front.jpg

there's a staples on meeker!

OMG are you fucking KIDDING me?

I'm going to have to pass by that thing 4 times a day? More if you count dog walks?

Wait a sec though, when did the buildings to the right of Kellogg's get sold?

http://www.curbed.com/archives/2007/07/19/williamsburg_twopack_chetrits_east_west_coasts.php

they got sold recently, a friend of mine is getting evicted. as is flyrite tattoos.

Thanks, Teh.

I mean... almost every block between my bldg and the BQE is partially levelled and under development, so I've been envisioning the glassy futurescape, but that rendering is way beyond anything I'd imagined.

The food at kellogg's kinda sucks. But maybe I should start eating there once a week to fund dude's refusal to sell.

hah i back up his not wanting to sell but yeah, that is like, the worst diner in the history of the planet.

kellogg's is fucking terrible, you couldn't pay me to eat there. plus, there was that whole cop-getting-stabbed there thing, kind of a turnoff.

jon you live near me i guess?

My bldg (30 units) is on the market technically but for way more than anyone has so far wanted to pay, considering the shabby shape it's in. Talk is that the owner knows any buyer's just gonna tear it down so he's priced it unrealistically for sentimental reasons.

xpost across from the Shell station over by Lucky 7 Diner and El Canario

Yeah, maybe instead of eating at Kellogg's I'll just make a point of buying all my toilet paper there.

ah no shit! i'm not too far from there, on leonard. my building is also on the market but everything's been quiet since the owner listed it in december. he is converting the first floor and basement into a duplex tho. ;_;

Since december? That's a while. Maybe he priced it too high too.

he priced it way high considering it's a piece of shit, yeah. my roommate was gonna buy it and got as far as inspection, where the engineer was like "you'd have to put another $500k in this place to bring it up to code." nobody's gonna buy it anytime soon.

Thank god for landlords and their inflated ideas about what their shitholes are worth.

The top floor stairway is a waterfall here when it rains now, rendering the bldg even more unappealing.

Of course if things go far enough in that direction I suppose we could get condemned...

i can't wait for the day when our new first floor neighbors realize they're living in what used to be a dry-cleaning business.

polar bears really do depreciate the value of a house.

that too!

hey jon, i wouldn't be surprised if that part of grand got really ridiculous in the next few years tho.

this is making me rather excited about my eventual move to p. heights!

you know, until the stadium/arena whatever ruins everything

i was gonna say, prospect heights is probably even more expensive! but that restaurant there, beast, is pretty good.

beast is awesome. i think it's not any more expensive than here, and slightly cheaper on occasion. it's just soooo pretty and not *quite* as bad with the condos, etc.

more expensive to buy, tho. not that anyone i know is gonna be buying anytime soon. not as bad with the condos either, true, since it's in a more "historic" area.

Our bldg is cheap by the standards of any neighborhood in Brooklyn, so we're sticking to our guns until forced out. So I will bear witness to the transformation into Ballardian metacivilization.

Jealous of Prospect heights idea though...

incredible, hurting hasn't posted here yet

hey guess what you guys williamsburg has sucked since forever lol !!!

He's probably at brunch xpost

OMG THE NEIGHBORHOOD HAS CHANGED SOOO MUCH YOO GUYZ !!!!!

favorite story which i probably have recounted before on ilx:

wburg roommate's girlfriend moves nearby from deepest Queens. for six months she is shyly quiet when people complain about "all the gentrifiers moving in" and how "the neighborhood's changing, maaan". after those six months passed she joined their choruses with great vigor.

kinda like jon williams?

no offense everyone but gentrification complaining is in the upper reaches of repulsive new yorkisms

lol

heh, couldn't resist.

I'm not complaining about gentrification. It's inevitable. I'm complaining about hideously butt ugly buildings.

yeah the ugliness of that building + its location bug me more than any vague concerns about gentrification, that's for sure.

like who would pay tons of money to live next to a highway?

for the last time u guys, jon does not live in wburg!!!!

i don't really complain cause i know i'm part of the problem (see "your place" thread on nb)

And naturally I want to continue living in the cheap bldg I'm in. Why wouldn't I?

tehresa jw's been complaining about gentrification probably before he even lived in nyc. it's funny.

and you don't get much more of a pass if you live in bushwick, either.

that building is shit, but it would be a frigging masterpiece over here in hoboken when compared to the other shitty/generic condos being slapped up.

uh williamsburg is already a museum of ugly buildings

yeah the condos being built in williamsburg are just so poorly constructed and thrown up without and thought or care, just make sure it has all new chrome appliances and don't even bother to put insulation in the walls. if i were going to spend that money kind of money to spend i would look for something substantial and energy efficient not a little box with giant windows you have to heat/air condition into oblivion.

it's funny to think that if there was some kind of natural disaster williamsburg will be completely leveled while most of the brownstone/townhouses could withstand a nuclear attack.

hipstercaust

lol brunch. lol we have a huge two bedroom apartment plus office for $1200 a month. lol

haha, that's classic

i wish i had money u_u

dont take restaurant suggestions from four year olds, life lessons learned

real life belly lols @ pedocr?m

imo the Times gets it -- the more they troll you, the more you read

I can't pretend to know much about New York real-estate, but given the hype-pieces in The New York Times about Bushwick and the frequency I tend to hear Bed-Stuy referenced as a hipster enclave, I would imagine that they would be prime investment spots for cashing in on the upswing of gentrification.

People have been sayin that about Bushwick for like 6 years and it ain't takin

if u bought a bed stuy brownstone ten years ago youd be laughing three years ago

otm

Man, it is depressing to realise inner-area apts and homes in NYC are now costing LESS than in Melbourne.

What in the fuck.

dont worry soon youll get a r/e crash of yr v own

I wish! Then I could actually think about buying a little apartment before I DIE.

As it is i pay $2050 a month in rent. Fuckin sucks.

if u bought a bed stuy brownstone ten years ago youd be laughing three years ago

― ice cr?m, Sunday, January 23, 2011 7:38 PM (16 minutes ago) Bookmark Suggest Ban Permalink

hahahah indeed

$2050 australia dollars is what like 7 america bucks

No, our dollar's often at or over parity with yrs and has been for ages.

its roughly equivalent to 15 roo hides iirc

hahaha yeah.

and 10 x paul hogan hats.

yeah, my friends who live in new york are now paying less living in bkln than they did in limerick which is p o_O

thats not a dollar... THIS is a dollar

No, our dollar's often at or over parity with yrs and has been for ages.

― Stargazey Pi (Trayce), Monday, January 24, 2011 12:57 AM (3 minutes ago)

if this is true then my mam totally scammed me on the money my uncle sent me from australia when i was like 7

p sure she was like "no forty dollars is like a pound"

all these real estate / exchange rate calculations are not as simple as they might seem you have to account for all sorts of arcane economic/monetary factors, itd take a young einstein to really understand it all

idk man, theyve been there abt six months now, and they ran out of startup capital p fast and they keep being like "new york is so reasonable"

i mean, they sell t-shirts in a market part time and they have "money set aside" now

are you being (yahoo) serious

like, idk, it was def. a lot cheaper to go drinking in than ireland, esp w/ 24 public transport meaning u dont have to get a taxi everywhere and rent was way less than dublin. i wouldnt really recommend ireland as a place to live or go ever tho maybe.

yeah i could see how that might make yr uh i dont hair stand on end

i mean its not like its a cheap city but there's def options, problem w. living in ireland is there's always like a *set price* and u can't really get around it.

im sry i have no more young einstein puns left as ive never actually seen the movie

its *relativity* cheaper

haha nice

One of the places they mention in the article has a screening room - how does that work? Is there a signup sheet where you claim the room for a three-hour block for your bros or do they schedule films?

some of those "williamsburg, toddlertown" commenters don't know what suburban means

People who complain about "breeders" are mostly just deluded fools who think they can cheat old age imo.

i thought it was the gays who complain abt breeders

fn breeders

i'd love to have enough money that i could afford to be "turned off" by a neighborhood that has amenities for my child

dnr realise i was posting in the same thread as povos, feel really dirty now.

David and Larissa Sneckel, aged 45 and 37 respectively, have a 6-year-old son and a 3-year-old daughter. "Windsor Terrace is a great neighborhood," Larissa says. "The schools are good, it feels safe, and Prospect Park is great for our kids." She pauses. "But I look around, and I see all these..." She pauses again, screwing up her face as if she's just bit into a lemon, searching for the right word. "PARENTS." Parents? Larissa laughs. "I know it sounds crazy. But we really hate ourselves, and we project that hatred onto others who share our background and tastes."

idk i do this a bit when im a tourist and i see other tourists and it reminds me of everything that is terrible about being a tourist.

That's entirely reasonable

tourists just wandering around looking at things attempting to experience the essence of a place, its kind of an amazing state of mind

being a tourist is so terrible except for all the good things

Parents need friends too. Is this because you can't fuck a parent? Are these people making Williamsburg less fuckable?

important points all

xp - i think this is the current topic of discussion on the gay thread - or a variant of it.

gonna log way the fuck out

People have been sayin that about Bushwick for like 6 years and it ain't takin

― alpaca bowl (Whiney G. Weingarten), Sunday, January 23, 2011 7:37 PM Bookmark Suggest Ban Permalink
http://www.artinfo.com/news/story/38336/luhring-augustine-gallery-expands-to-bushwick-a-surprising-move-explained/

That's actually not why I searched this thread -- I just wanted to ask what people think about all the insane development around McCarren Park and the Bedford area, especially that one giant building with the sun god logo thingy on it but really all of them. Do people live in most of these buildings? Are they actually going to fill up? I hadn't spent much time in that area for a while but I moved near Graham recently and I've been walking around a lot. It seems insane.