they're going to knock down the gym? that's what's indicated by the picture, but it doesn't seem right to me. i think the gym is landmarked, and really they're planning on knocking down the one-story extension in the back.

Posted by: sloper at July 31, 2009 9:45 AM in response to Berkeley Carroll Expansion Stirs Up The Neighborhood

I agree with 8:58, and would only add ... tell that to the New Yorkers who bought in 1987. At the time, the average price for a 1-3 bedroom home/condo was $450k. It dropped to $250k by 1992 (45% drop in 5 years, more if you figure in inflation). The price didn't go back up to $450k until 1997, and didn't reach the inflation-adjusted level until 2001. So if you bought in 1987, your investment was either down or flat for almost 15 years.

Doesn't anyone here read curbed.com too? They had a link to the graph below on Friday. All info from the graph except inflation, which I looked up with a CPI calculator.

http://www.observer.com/2007/bloombergs-dour-graph-waiting-nycs-decline

Posted by: sloper at August 20, 2007 12:32 AM in response to Fed Cuts Discount Rate, Markets Rejoice