Very good and interesting thread!!
Thanks for posting.
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Originally Posted by tablemtn
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I just read this one, it is pretty good. It was the time when it was a turning point for NY, when the decay began to end and new prosperity was envisioned.
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These days the boosters are everywhere. After decades of decay, we hear, prosperity is just around the corner. "New York will rise again!" proclaims Sam Lefrak, the city's largest private developer. "You can see it, you can smell it, you can touch it, you can taste it."
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It has some stories about the early stages of gentrification, including some of people displaced by it.
Also have people talking about how they think the city will evolve in the future, such as this as this relatively more pesimistic view of Ed Potter
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Over the next twenty years, he says tersely, "Manhattan will continue to get better, Queens should stay stable and Middle Class, the Bronx will be the center of the city's poverty population and Brooklyn wil be a big question mark. I see all The Bronx, excepts enclaves like Riverdale, getting Worse---Even Pelham Parkway losing people"
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The fact was that Manhattan did get better and with wealth incresingly concentrated there, but the recovery of the Bronx was remarkable, very far of his pesimistic prophecy, and much of Brooklyn became a trendy place.
Talking about Harlem and the begining of gentrification of some areas and the rising desaribilty of Townhomes there:
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Some of these rival the best the west side has to offer. Values range from $85,000 for turreted townhouses in stately Hamilton Heights to $3,000 for abandoned brownstones in dangerous neighborhoods
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Those prices are now completely unheard off! 3000 to 85000 dollars for a brownstone! Now you can't find that prices for even the most dilapidated brownstone, because just the land is more worthed...