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Re: Real Estate in Brooklyn

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Posted by Barb on Saturday, January 18th 2020:

In Reply to: Real Estate in Brooklyn posted by Lottie on Saturday, January 18th 2020:

Too true! Sections in Queens closest to Manhattan, like Long Island City and Astoria, are next in line for "gentrification". Recent New York City mayors have changed Manhattan drastically, making a Disneyland out of Times Square and Broadway and creating a millionaire's (make that BILLIONAIRE'S) play ground of areas surrounding Central Park, the Village, Soho, and the lower west side adjacent to the Hudson River. These grand schemes have generated a spill-over effect because these plans are for the wealthiest only, leaving the less affluent and marginally upper income folks than the top tier of income to seek homes in the closest boroughs. The lower middle classes are not only priced out in this situation, they are taxed out. I live in southern-most Staten Island far from Manhattan and my real estate taxes have tripled in the last four years.

Reference ID: BK96102


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