ST Alpha - "WIlliamsburg faces economic crunch as parental rent subsidies dry up. -- (link)" (Reading a Post)

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WIlliamsburg faces economic crunch as parental rent subsidies dry up. -- (link)

Posted by loosilu (aka loosilu2) Jun 8 '09, 08:52

(No message)

boo to the fricking hoo (www.nytimes.com)

Responses:

I actually saw the change in Williamsburg as that's where my buddy lived... - Mel Profit Jun 8, 08:57 1
- it was already gentrifying in 1999. -- nm - loosilu Jun 8, 09:03
fave quote: "Since the brothers make about $45,000 a year each, they are now shopping for a $500,000 apartment. " wtf? - loosilu Jun 8, 08:53 4
- assuming a 10% down payment, that's at the outer limits of acceptable, but it's not too unreasonable. - mafic Jun 8, 08:58 3
  - except you haven't factored in the monthly fees (which in NYC are staggering). -- nm - loosilu Jun 8, 09:02 1
    - and by "outer limits of acceptable" that's seriously pushing it, and it's exactly how a lot of foreclosures have happened. -- nm - loosilu Jun 8, 09:03
  - [deleted]

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