Thursday, March 5, 2009

Falling Rents in Brooklyn

A friend of mine sent me a link to this PDF of a New York Times article from 1878 about great rental finds in Brooklyn. Isn't it nice to know that New Yorkers had agita about real estate more than 130 years ago?

Of course, in 1878, Brooklyn wasn't actually part of NYC. It was its own city, the fourth largest in the whole country, so moving to Brooklyn actually meant leaving New York City.

In 1897 Brooklyn voted in a referendum to become part of the city and it passed by the slimmest of margins. The five boroughs of this city formally unified on January 1st, 1898 to become Greater New York thus creating the wondrous place we call home today.

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