Picture this, Brooklyn 2008….. the market bubble bursts wide open and most new construction development is dropping like a hot potato .. Developers are holing on to their shirts and buyers are extremely happy. Some people bought in at 40% savings…at many Brooklyn sites, The Satori and 189 Schermerhorn St have made the buyers there very very happy.
Its 2015 and the market has rebounded (almost 100% )in this south bklyn market…… People who bought between 2008 and 2011 have seen a significant climb …. is this sustainable ?
OR is this another bubble in the making … speculators have mixed emotions on this topic..demand is high and supply is low, basic economics kicks in, this is 7th grade economics ..here nothing requiring a degree or doctorate to understand.
However If we look ahead to 2020, does that mean people buying today, (at a high number price per sq foot) ..will they be at 100% profit ? Will the market stabilize in 2016 ? Will it go down ?
hmmm things that make me wonder .. 2016 is said to be bringing out many new developments 🙂 in this sector and other parts of Brooklyn as well………….as Manhattan markets fluctuate, is Brooklyn going to take a hit ?
My advice, buy real estate for a long term investment, buy location and buy close to a subway……. then wait and see what happens, worse case scenario you have a home. You have something you can sell ! What more can you ask for ?
When selling, buying or investing …why go anywhere else ! Ask Imma 🙂
AskImma 
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