Price trends in Williamsburg

I am new to the area/market. I have seen some threads with people saying they think some of these new Williamsburg condos are way over priced. My situation is I am young, have money saved up and interested in investing in real estate for the long term. I don't mind roommates/would prefer roommates at this point. So I'm looking for somewhere I could buy, live there and also rent out at the same... [more]

I am new to the area/market. I have seen some threads with people saying they think some of these new Williamsburg condos are way over priced. My situation is I am young, have money saved up and interested in investing in real estate for the long term. I don't mind roommates/would prefer roommates at this point. So I'm looking for somewhere I could buy, live there and also rent out at the same time. When you factor in FHA financing available on a lot of these new Brooklyn condos, low interest rates, low common charges and taxes as compared to other areas I have been looking, I don't really see any other areas in nyc that are a desirable neighborhood for someone my age that would be more affordable or make better sense financially. It seems like the ratio of how much you could get in rent while living there vs the monthly cost of ownership are better here than any other areas I am considering. Am I wrong on this? I am considering any area that is within a 30min commute of Financial district by subway (no more than 5-10 min walk to subway from apt) [less]