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| Re: Myrtle Avenue El (1345380) | |||
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Re: Myrtle Avenue El |
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Posted by SLRT on Thu Mar 26 12:16:12 2015, in response to Re: Myrtle Avenue El, posted by GP38/R42 Chris on Thu Mar 26 12:05:39 2015. My family always lived in Brooklyn, in rental apartments. When I got out of the Army I could get a GI mortgage (nothing down was the big issue) and didn't want to throw money out on rent. I wanted to buy in Brooklyn but couldn't come close to the price of anything in any halfway safe neighborhood close to a subway, ANY subway. Finally I was shown a newly-built house on a triangle of land in Flatlands with roads on all three sides. $45,000 and I would have to take a bus to the Nostrand Avenue subway to get to/from work. But then the corker: It wouldn't "VA." That meany the VA would only loan as much as the house appraised for so I would have to come up with the rest in cash.I went to Babylon where I paid $38,000 for a pleasant house in a tree-lined neighborhood. And the VA WOULD give me a 100% mortgage. So when you talk about having enough money to move to the suburbs, you have to consider NOT enough money to stay in the city. And now it's even worse. The white people everyone cites as moving into the city now are not the same class as they people who were forced out. |
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