What does having kids have to do w/owning a houseThe only type of house I'll ever consider "owning" is a townhouse. Those are practical.
Enjoy putting the three kids through college
My NYC Black Folk......Gentrification
- Thread starter Lewis Black
- Start date
The Electric Lady
Post and toke
Usually people who want to own a house and live the American Dream (Tm) want kids to go with it. Other wise you're just wasting space. People who own homes in their 20s without a partner look mad pathetic. Living in a big ass house by yourself is the height of vanity and excessive waste.
88m3
Fast Money & Foreign Objects
The Electric Lady
Post and toke
I'm not really mad. I've always held this view and I grew up in the upper middle class.
88m3
Fast Money & Foreign Objects
You should know better...
I dont care about real estate bubbles. When I buy a house it will be a house I can pay off in 15-20 years. Housing bubbles won't affect my ability to do that. Meanwhile you will work until you're dead because your rent keeps going up and you can't save any money
at the statement
@ them nikkas that can't save money cause they want to live in gentrified NYC where greedy landlords take up all of their disposable income.
Not even that. You buy a house so that one day you don't have to pay rent or a mortgage. If you could position yourself to never have an electric or phone bill one day while still having electricity or a phone why wouldn't you do it?
The reason people got burned in this RE cycle is because they bought like idiots. They bought "to flip" instead of buying what they could afford. And the hwole thing rightfully came crashing down. I don't think that's a reason to stay out of RE totally, just to be smart about it.
The reason people got burned in this RE cycle is because they bought like idiots. They bought "to flip" instead of buying what they could afford. And the hwole thing rightfully came crashing down. I don't think that's a reason to stay out of RE totally, just to be smart about it.
the next guy
Superstar
You can't buy a house in Pelham Parkway, Eastern Queens, SI?
Sure, but then you can't work in the city. Otherwise its either another 1-2 hours commuting or $200-300 for fast transit in. In many places, both. Then property taxes. And depending on where you are, shytty schools (still a problem in SE Queens- a part of why houses are "cheap" there). You add that all up, to me the question becomes, "what is the upside to all these downsides?" You get 1 step ahead in income only to get knocked 8 steps back in cost of living and quality of life.
ogc163
Superstar
Brooklyn's Affordability Crisis Is No Accident - Technology - The Atlantic Cities
Functionally, the industrial zoning along the waterfront and throughout Bushwick is hopelessly out of date. Urban manufacturing here is a shell of its former self. Car repair shops, wholesalers, warehouses and storage facilities are now the main tenants of Brooklyn's "manfacturing core."
More importantly, northern Brooklyn is underdeveloped. The hip neighborhoods around the L train, the main vehicle of gentrification in Williamsburg and Bushwick, are less than half as dense as Brooklyn neighborhoods like Crown Heights and Bed-Stuy.
Because the amount of housing in the neighborhood is effectively capped through zoning, demand has spilled out of the neighborhood much faster than it would have if Williamsburg had been allowed to grow.
Functionally, the industrial zoning along the waterfront and throughout Bushwick is hopelessly out of date. Urban manufacturing here is a shell of its former self. Car repair shops, wholesalers, warehouses and storage facilities are now the main tenants of Brooklyn's "manfacturing core."
More importantly, northern Brooklyn is underdeveloped. The hip neighborhoods around the L train, the main vehicle of gentrification in Williamsburg and Bushwick, are less than half as dense as Brooklyn neighborhoods like Crown Heights and Bed-Stuy.
Because the amount of housing in the neighborhood is effectively capped through zoning, demand has spilled out of the neighborhood much faster than it would have if Williamsburg had been allowed to grow.
VadersMater
Stanning has its benefits...
SI is getting overpriced in some areas too. Talmbout 400k for a townhouse...
Some of the comments on this article are
SI is basically Jersey at this point....
ogc163
Superstar
Some of the comments on this article are
SI is basically Jersey at this point....
I'm not from BK, but is his description accurate? Comment sections in real estate articles(especially when it relates to left leaning cities) always have me like
because folks true colors really come out.