Gowanus Lounge: Serving Brooklyn

On the Sofa, Daily Edition

July 12th, 2008 · No Comments

link-asterisk.jpg“The issue is not with lack of interest in buying condos, but in the increasingly more difficult ability to get credit in the wake of the subprime mortgage mess. The days of handing out credit to every Tom, Dick or Harry are over, and people are going to need to shore up their finances if they expect to own something some day. Tis true this will fuel a renters market for awhile, but the rents will remain very high, especially in the hotter areas of Williamsburg. It will not thwart the continuing development boom overall.”–Brooklyn Sales Plunge: North Brooklyn Edition

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