Another One Bites the Dust
It survived two decades of gentrification but The Print Shop at 156 Bedford Avenue in W’burg couldn’t make it through the current recession. The old-school gift shop held a 75%-off sale this weekend and by Saturday was picked clean. “People appreciate a bargain,” commented Racked, “Even if it comes in the form of out-of-season Santa…
It survived two decades of gentrification but The Print Shop at 156 Bedford Avenue in W’burg couldn’t make it through the current recession. The old-school gift shop held a 75%-off sale this weekend and by Saturday was picked clean. “People appreciate a bargain,” commented Racked, “Even if it comes in the form of out-of-season Santa ornaments and stuffed Valentine’s Day hearts.” GMAP
This closing has nothing to do with the economy and EVERYTHING to do with gentrification. If you had looked up the info on this property, you would see that this building was sold last fall and the new landlord is quadrupling the rent. Although technically, the new owner never gave the card shop a chance to sign a lease because it was clear that it would be way more than what they have been paying for 20 years. The owners actually live in the building and are being evicted from their apartments this month too. It totally sucks because they have lived and worked in the neighborhood for ages and now they are getting the boot.
If this is the card store I am thinking of, the man who owned the shop struck up a conversation with me when I went in there last year. Apparently it was his wife’s business, and she had recently passed away. Since then he had been working there on his days off from his full time job, and his mother was also helping out as much as she could. Keeping the store open seemed more like a labor of love than profit, but maybe it became too difficult to juggle everything after awhile.
Talk about PWNED!
I will agree with this statement – “The economy isn’t as bad as it was in 1974”
The metric is 1929…
The What
Someday this war is gonna end…
Here’s some of your own cut and paste medicine What…
But I guess you know more than Leuthold…..
March 4 (Bloomberg) — Steve Leuthold, whose Grizzly Short Fund returned 74 percent last year betting against U.S. stocks, said now is the time to buy equities because investors are too fearful about the economy.
“These comparisons people make with the Great Depression are totally out of touch with reality, and pretty stupid,†he told Bloomberg Television in an interview today. “We’ve been in much worse, much more panicked and more scary situations in the U.S.â€
The economy isn’t as bad as it was in 1974, when stocks began rebounding, said Minneapolis-based Leuthold. He predicted the Standard & Poor’s 500 Index will surge to at least 1,000 in 2009, representing a gain of 44 percent from yesterday’s 12-year low of 696.33
“It survived two decades of gentrification”
ROTFLMMFAO! Hey Brownstoner are you high on cold medication????
RRRRIIIGGHHHTTT!!!!!! Two decades….
“couldn’t make it through the current recession.”
Eh, we are not in a “Recession”, we are in the “D” word thang..
The What
Someday this war is gonna end…