ogc163
Superstar
Bye bye Bushwick: The Bronx is the city's next new arts scene
http://www.crainsnewyork.com/article/20160925/ARTS/16092
http://www.crainsnewyork.com/article/20160925/ARTS/16092
My NYC Black Folk......Gentrification
- Thread starter Lewis Black
- Start date
ogc163
Superstar
@88m3 I think Brook Ave. might be the safest bet in years. @tremonthustler1 You still in denial?
tremonthustler1
aka bx_representer
Wake me up when Mitchel goes down in flames
ogc163
Superstar
Nah I'll wake you up when they building the BX version of this across the street from Mitchells
I've heard that the Bronx arts scene is mostly natives rather than transplants
Is that true? Gonna read the article now
88m3
Fast Money & Foreign Objects
To rent or buy? Idk what most of the zoning is up there but I can see developers going crazy someday in Mott Haven and on Bruckner. I think about it every time I take the Willis Ave Bridge.
ogc163
Superstar
To buy, them numbers is crazy.
88m3
Fast Money & Foreign Objects
Yeah. I looked around for a place in Brooklyn for the last 6 months and ultimately decided to not buy. I think the market is going to correct pretty decently and I also want to see how much of an impact an interest rate hike will have on prices(in theory they should decline). Prices have been coming down this year though from what I've seen. I feel like if I'm going to spend 600-1000 psft I'd want to live there and that wasn't what I was seeing. Right now I'm looking at places upstate to buy where I have other investments and I'l just keep renting something here till I see a correction here worth buying on. That said if my rent goes north of 3500 a month I might call the city quits if I can't live in a neighborhood I want to live in. I live in the city to live here not to work. It's a shame what's happened to NY, hyper-gentrification is out of control. There's no way people have the incomes to support what's been going on the last several years and when the bubble bursts there's going to be a lot of a pain to go around. That's my take on things anyways.
ogc163
Superstar
I've been thinking a correction would occur for a minute now, but so much real estate is tied to foreign investment. Now for some cities the bubble will burst if a downturn occurs because the foreign investment is coming from one country (i.e. Toronto & China). NYC investors are from all over. If I had bread I would buy a house in Mott Haven, these PJ's will not keep the hipsters away.
And once the L train shuts down. Guess where these businesses in Williamsburg are gonna find next.
ogc163
Superstar
And once the L train shuts down. Guess where these businesses in Williamsburg are gonna find next.
Hey like Tremont said they gonna be scared of them goons from Mitchells and Patterson
NYC about to look like SF real soon, can't even be like D.C. because they dont have anywhere near as much govt job opportunities.
ogc163
Superstar
A South Bronx reality check: How much change is the area really seeing?
The (South) Bronx Is Turning, But Not Everyone Is Thrilled About It
"The waterfront locale and the subway access ‘make this a breeding ground for what made Williamsburg and Dumbo. The South Bronx just makes so much sense.’—Justin Fitzsimmons, analyst with GFI Realty"
The (South) Bronx Is Turning, But Not Everyone Is Thrilled About It
"The waterfront locale and the subway access ‘make this a breeding ground for what made Williamsburg and Dumbo. The South Bronx just makes so much sense.’—Justin Fitzsimmons, analyst with GFI Realty"
They are not your friends:
http://www.cnn.com/2013/05/23/travel/new-york-bronx-ghetto-tours/
And that was more than 3 years ago
http://www.cnn.com/2013/05/23/travel/new-york-bronx-ghetto-tours/
And that was more than 3 years ago
Fart Knocker
Superstar
hipsters are gonna fukk up the graff game in the bronx like they are doing in brooklyn. all that street art hipster bullshyt is gonna start appearing in the bronx smh. the bronx was the last borough of writers who were it in for the vandalism, not to get into some gallery or show. half the writers you see in queens and brooklyn are too scared to even step foot in the bronx.
Could do without the little kids