House of the Day: 202 Prospect Place
There will likely be no shortage of people who fall in love with this four-story, two-family house at 202 Prospect Place in Prospect Heights. (It’s a co-exclusive with BHS and Warren Lewis doing the honors.) The same owner’s been here for the past two decades and, from the two interior photos provided, done a wonderful…
There will likely be no shortage of people who fall in love with this four-story, two-family house at 202 Prospect Place in Prospect Heights. (It’s a co-exclusive with BHS and Warren Lewis doing the honors.) The same owner’s been here for the past two decades and, from the two interior photos provided, done a wonderful job of restoring and maintaining the original details and vibe of the place. The scale is nice too: A 21-footer on one of those sweet 131-foot-deep lots that Prospect Heights is known for. Now, about that asking price of $2,495,000. They’re definitely not giving it away—this would have to be close to a record for the neighborhood. Then again, it’s also probably one of the nicest houses on one of the best blocks. Hard to say, but it can’t be off by more than 10 percent, even in this less bubblicious environment. There’s an open house on Sunday from 1 to 4 p.m.
202 Prospect Place [Brown Harris Stevens] GMAP P*Shark
House Listing #6141 [Warren Lewis]
“Cutting edge” you morons support your own theories about how upsetting the housing market is!
The point is, 1:06 pm, that to say “generations” of poor have lived in these houses would mean a hundred years. Hardly. It’s 20-30 years. One generation. These neighborhoods are not the rightful territory of one particular group, being invaded by people who don’t belong here. That attitude is absurd, illogical, inaccurate and not the slightest bit helpful in addressing the need for low or middle income housing.
Ask a longtime working class homeowner who has lived in the house their entire lives, and who are counting on the revenues from the sale to fund their retirement (or fund their children’s college education) if they’d be willing to cut their profits by 50% in order to sell to a lower income buyer. It’s certainly an option, but they’re not going to do it. Their choice. The only time you see that is when somebody sells a home for less than market value to a family member. Which is a nice thing when it happens, but not everybody has enough in savings to give up that profit they could so readily earn in selling the house for full market value.
Even when the brownstone neighborhoods were in steep decline after white flight hit the city it wasn’t too easy to buy a brownstone. These neighborhoods were redlined. And that meant you had to get very creative or have a rich uncle or something in order to buy one of these homes with a lot of cash. And today the redlining must be the reason Fort Greene has a ton of mortgage brokerage offices but no actual banks to bank in other than the storefront thing at the Atlantic Center, whatever that is.
Most of the middle class moved to NJ, upstate and Long Island shortly after the war. Only old, African Americans (mostly West Indians)and Latinos lived in these Brownstone Brooklyn areas during the 50,60,70 and early 80s. Ex-hippies moved in these homes during the 80s and early 90s and put what money they had into these areas… Now the hippies banker children are buying these homes today.
And your point is?
Someone said:
“all annoying brokers, high on crack.
pretending that these houses, where poor-ass families have lived for generations”
Actually no, it’s not been for generations. Middle class and wealthy people were in Brownstone Brooklyn through the 1950’s. It was in the 60’s and 70’s that the old generation’s heirs sold their family houses instead of living in them (or turned them into income producing apartment rentals) and Brooklyn neighborhoods became low-income. Doing the math, dude that’s not even one generation.
How much do these brokers pay to advertise on the web anyway?
“Banks do not control the issue of currency. The TJ quote is from before the Fed Reserve was established. A dollar’s a dollar where you earn it. I’m getting tired of the nonsensical posts from “The What”.
Posted by: guest at September 13, 2007 4:30 PM
You poor dumb fuck, The Fed is a private bank fool.
You Gurmerment pays interest on money loan to the by The Fed.
You income taxes pays for the interest also.
You are a debt slave, get used to it.
Now go back to watching CSI.
I’m not going anywhere fool…………
The What
Someday this war’s gonna end. That’d be just fine with the boys on the boat. They weren’t looking for anything more than a way home. Trouble is, I’d been back there, and I knew that it just didn’t exist anymore.
Captain Benjamin L. Willard – Apocalypse Now
Banks do not control the issue of currency. The TJ quote is from before the Fed Reserve was established. A dollar’s a dollar where you earn it. I’m getting tired of the nonsensical posts from “The What”.
Blind Dumbass, learn who you masters are.