Emerging Neigboorhoods in for a Nasty

> Won't there always be a demand of people who don't want to live in Manhattan, but
> need to access it easily?

Yes, but

1) There are now and will be significantly fewer (fewer jobs, and fewer "investors)
and
2) They're not going to pay $x when you can get near that in Manhattan....

Manhattan has already declined 15-20% in the last round of stats.... to me that means the emerging gets hit even worse than that. And Manhattan is still declining...

the neighborhoods you mention are too close in price to Manhattan - the prospective buyers for new condos there will just hold on for a similar property in Manhattan as prices decline

I read an article in the Stars & Stripes about a guy who worked for the Gov't dealing with highways upstate NY. His agency wanted to give him a $30,000 bonus, he said I can't take that bonus giving the shape of the economy.

I was told in 2005 the housing bubble was going to bust and people would be stuck with houses where the mortgage is more than the house is worth, how many of you were told the same thing? When should greed be set aside? All of the powers that be knew this housing bubble was going to bust. Now look at all of these emerging neighborhoods, they are being reduced to rubber.

I don't feel bad because the demand was an illusion, NYC is not that desired to live in. Let that knife continue to fall. A condo and coop a thing of the pass to an extent the majority of the city will be renters with a lease and a lot of these new developments will be empty.

LIC, WillyB and GP were the dumps pre 2000. Folks could not afford Soho and other parts of Manhattan so they moved to WillyB and ventured out to GP and LIC and bust. A lot of the Hipsters, Yuppies and "TrustFund Kids" don't know the history of these emerging neighborhoods from Hell's Kitchen to GP and all between thats when karma comes to bite you in the ass. I want to see the Hips, Yupps and "Trust" begin to marry and have kids in NYC then I can say they are in NYC for the long run until then, they are in NYC for a chapter in their life. The NYC school system is not the same as in the midwest and we know how you love schooling.

Crime will be chasing some of the newbies out because people will be robbing and stealing to survive in these emerging neigborhoods. The jobs won't be there as they were. I did not know artist was a psuedo name for unemployed. There not that much demand for artist in NYC.