Hedge Funds Are Taking Over Brooklyn

Quote from Banjo:
----maybe 70% of the sales....
----in Brooklyn....
More...
When foreign investors get excited about US real estate.....be afraid, very afraid. :eek: :p :D
 
These stories have the word BUBBLE written all over it.....again the only reason this is happening is all because of BUBBLE ben bernanke ....all this cheap money is driving itself to every single nook and cranny in the world....how come no one sees it is beyond me....the global economy is in trouble again and this time the collapse will be even harder than before...
 
The median price of a home in Brooklyn climbed nearly 12 percent in just the past year to hit a 10-year record, according to a recent report released by the real estate brokerage firm Douglas Elliman. Prices for highly desirable one-family brownstones in Brooklyn have leapt almost 40 percent in the last year to a median price of $1.6 million.



This is all because of cheap money and trillions and trillions of printed money....

These numbers are out of control...

Bubble bubble bubble ......nope this time its different, right?
 
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