Everything changes, Landmark Preservation laws protect the houses but not the people. One has to accept that. On the upside, many black families who purchased real estate years ago are now reaping huge profits. It is a major transfer of wealth into the black community.
5
The evolving real estate market there has been covered quite extensively on the website , including unscrupulous real estate brokers.
Choosing one buyer over another because of race is illegal. Race is a protected class. No matter what race.
16
Many times real low,life real estate firms call individuals and claim to have done 100 transactions, and they will give you about 50% less then the market price. There are many low life real estate organizatios with many based in Brooklyn who want to flip the property. Townhouse in Brooklyn Heights sell for $5 to $10 million. So do not take under $ 2 million not $ 4 millennia Bed Stuyvesant.
2
"A few years ago, she told me, she chose to sell another house she owned to a young black psychiatrist who offered her $830,000 instead of selling it to a white buyer who had offered her over $1 million. While the notion of privileging one race over another might seem problematic, the women see themselves as agents of a continuing history that seems more and more under assault."
I think we should be honest here that if this article was about Breezy Point with the cast of characters reversed, I doubt this newspaper would be so understanding.
I think we should be honest here that if this article was about Breezy Point with the cast of characters reversed, I doubt this newspaper would be so understanding.
25
Or New Dorp or Bayside, etc. But I think the lady does have the right to sell to anybody for any reason, it's her house.
10
I suspect it was a great deal easier for those old-time homeowners in Breezy Point to get mortgages than the people in this article. Just a guess, though.
4
These types of conversations are had in these neighborhoods; you don't need to see the quotes in print to know that its happening. What are you doing to fight it is the question.
2
"The notion of privileging one race over another might seem problematic." Try substituting a neighborhood like Dyker Heights and "white" for the black buyer who got a 20% discount, and you can see how very "problematic" the notion is.
15
The more things change the more they remain the same. After WW2 when the white flight started into the burbs from places like Bed/Sty, you would hear comments...there goes the area, blacks are moving in.
Now you are hearing it the other way around...
Now you are hearing it the other way around...
10
Not exactly the same. The issue is that blacks historically could only live in certain areas. Now that things have changed racially - the issue is now financial. Most young blacks can't afford to buy in Bed-Stuy. So now where they were forced into inner-city ghettos for racial reasons - they are being forced to the suburbs or "down south" (in most cases) for economic reasons.
7
Andre..true only of renters...black home owners don't have the problem, (nor do long term white home owners in bklyn).
Bottom line though...as one race/ethnic group moves into an area, the other moves out...been proved over and over..nothing wrong with that as long as eveyrbody is treated equal.(no threats, harassment, discrimination etc)..even with black owners in Bed/Sty..., both because of nice selling prices for their houses plus they want to live with your own race, they are moving out....
Bottom line though...as one race/ethnic group moves into an area, the other moves out...been proved over and over..nothing wrong with that as long as eveyrbody is treated equal.(no threats, harassment, discrimination etc)..even with black owners in Bed/Sty..., both because of nice selling prices for their houses plus they want to live with your own race, they are moving out....
1
I'd just like to understand how the lovely woman in the photo is 81. That is all.
30
I too was amazed. 81 is the new lovely.
15
And I hope someone who reads this and knows her will tell her how beautiful she is.
8
Bed Sty reminds me of FT. Greene in the 80's. Blocks of beautifully maintained brownstones, with lots of crime. A strange contradiction. Yet the bloodsucking investors continue to exploit long time homeowners into selling what they've so carefully tended to, despite the problems mentioned in the article.
Real estate sharks, let run amok and encouraged by Bloomberg, are systematically destroying neighborhoods and our city. For all its' problems, Bed Sty is still a vibrant neighborhood and should remain that way, not a new outpost for the wealthy.
Real estate sharks, let run amok and encouraged by Bloomberg, are systematically destroying neighborhoods and our city. For all its' problems, Bed Sty is still a vibrant neighborhood and should remain that way, not a new outpost for the wealthy.
19
No one is exploiting anybody. No one is ever forced to sell their home. High pressure salespeople are annoying, so just tell them to go away if they bother you.
9
Are you sayong longtime black homeowners are somehow inherently stupid and cant determine how much there house is worth and cant decide for themselves where they want to live. That about the most racist thing i have ever heard.
Also how does Bloomberg have anything to do with a homeowner selling there house? Are you saying his policies caused homeowners to own homes worth over a million dollars up from $5000 and thats a bad thing? Do you want people to stay poor?
Also how does Bloomberg have anything to do with a homeowner selling there house? Are you saying his policies caused homeowners to own homes worth over a million dollars up from $5000 and thats a bad thing? Do you want people to stay poor?
9
This is nothing new. Predatory and speculative characters have long cast a shadow on predominantly black neighborhoods.
"Developers" tracking down elderly owners, sometimes in their hospital beds or nursing homes thousands of miles away and having them sign over their deed for literally 1/10 of their home's worth and flipping it in a month, without changing a light bulb. The new phenomenon of private equity firms buying up houses en masse with cash.
If you are a working class home buyer, don't even bother looking in Bed Stuy. Making a solid six figures but plan on using a mortgage? Good luck. Cash is king.
"Developers" tracking down elderly owners, sometimes in their hospital beds or nursing homes thousands of miles away and having them sign over their deed for literally 1/10 of their home's worth and flipping it in a month, without changing a light bulb. The new phenomenon of private equity firms buying up houses en masse with cash.
If you are a working class home buyer, don't even bother looking in Bed Stuy. Making a solid six figures but plan on using a mortgage? Good luck. Cash is king.
13
Isn't there more involved to selling a home in NY that just 'signing over a deed'? Wouldn't the seller's lawyer notice something was wrong and inform their client?
3