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| Re: Atlantic Avenue (L) Station (1384609) | |||
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Re: Atlantic Avenue (L) Station |
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Posted by Broadway Lion on Sun Feb 7 07:42:35 2016, in response to Re: Atlantic Avenue (L) Station, posted by Jackson Park B Train on Sun Feb 7 02:19:40 2016. Neighborhoods can change in either direction very quickly.When property values drop far enough, young people can start snapping them up and building anew. Other properties deteriorate with nature or with neglect. LION walked the neighborhoods north west of Bway Jctn and found them in a state of revision. The properties him saw were renewed. Say what you like about the "housing bubble" and the stuff with da banks, the money *did* go somewhere, and into the neighborhoods it did go. It does not matter if they were good loans or bad loans, the housing did improve. If banks got stuck, well, they did not get stuck, they just repackaged the loans, and sold them sub-prime, so the banks did not get hurt. Investords that bought sub-prime stuff did get hurt, but WTH... *THEY* *WERE* speculating on high interst loans backed by Freddie or some such. THEY took the risk, KNOWING the risk, and if the;y loose, Tough Buggers! ROAR |
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