Wednesday, September 9, 2015
How to Build a Dog House - Download DIY Dog House Plans!
How to Build a Dog House - Download DIY Dog House Plans!
via https://www.youtube.com/channel/UCDY66RcbJwx7CJdx4evLISQ
Friday, August 28, 2015
Wednesday, June 17, 2015
Friday, June 12, 2015
The Brooklyn Real Estate Bubble Will Never Pop
The housing crash of the late 2000s was supposed to have decimated property values across the nation. But in Brooklyn, the housing market barely broke its stride. Supply and demand is supposed to be an immutable truth, yet a well-documented boom in development has done little to stop spiraling prices. Every few weeks, a different neighborhood in New York City's most populous borough seems to break its own record for most expensive sale. Intuitively, it feels like the borough is at a breaking point. If something goes up, must it come down?
"There's no end in sight," says Jesse Keenan, the research director at Columbia University's Center for Urban Real Estate, referring to Brooklyn's obscene housing market.
Currently, the monthly payments on a median-priced home in Brooklyn eat up 98 percent of the borough's median income of $46,000. The median sales price in the nation's "most unaffordable city," just passed $600,000 for the first time. The 70 percent of Brooklyn residents who rent aren’t faring any better—average rent in the borough rose by 77 percent between 2000 and 2012. According to a March report by StreetEasy, "the typical new renter will spend 60 percent of their income on rent in 2015," the highest rent-to-income ratio in all of New York.
And the Times is running trend pieces about how Brooklynites are moving to Manhattan because it's cheaper, which means the trend started at least five years ago.
Read more here: http://gothamist.com/2015/06/11/brooklyn_rent_obscene_forever.php
Related article: Homeownership and Affordable Housing a Key Part of Upward Mobility, but Hard to Come By
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