Home

Are young couples buying in bklyn?
1, 2  Next
 
Post new topic   Reply to topic    Forum -> Household Management -> Finances


View latest: 24h 48h 72h

amother




OP
 

Post Sun, Jul 31 2022, 2:16 pm
Are young families (not Sephardic) buying their first home in bklyn? Are yeshivos growing? I grew up in bklyn and haven't been back in awhile. Someone mentioned to me that ashkenaz families are not buying and yeshivos are getting noticeably smaller.

Can those in the know update me plz?
Back to top

amother




Latte
 

Post Sun, Jul 31 2022, 3:02 pm
People are buying but not at the same rate as they used to. It's definitely easier to get into schools and not all of them are full for every grade. Every year one or two kids move.
Back to top

amother




Azure
 

Post Sun, Jul 31 2022, 3:54 pm
amother [ OP ] wrote:
Are young families (not Sephardic) buying their first home in bklyn? Are yeshivos growing? I grew up in bklyn and haven't been back in awhile. Someone mentioned to me that ashkenaz families are not buying and yeshivos are getting noticeably smaller.

Can those in the know update me plz?


Most young ppl can’t afford Bklyn any more and realise it’s so not worth it when you can get a huge, newer house, with a huge yard in a quieter, nicer setting elsewhere.
Back to top

amother




Fern
 

Post Sun, Jul 31 2022, 4:52 pm
Chaim Berlin young families are buying. Not sure how they get the money, but all of my husband's friends bought/are buying.
Back to top

nicole81




 
 
 
 

Post Sun, Jul 31 2022, 5:22 pm
amother [ Fern ] wrote:
Chaim Berlin young families are buying. Not sure how they get the money, but all of my husband's friends bought/are buying.


The area many of them are buying in is much cheaper than other jewish neighborhoods in Brooklyn.
Back to top

amother




Sunflower
 

Post Sun, Jul 31 2022, 5:25 pm
nicole81 wrote:
The area many of them are buying in is much cheaper than other jewish neighborhoods in Brooklyn.
Which area is that?
Back to top

amother




Cherry
 

Post Sun, Jul 31 2022, 5:38 pm
We moved out.
Can't afford to buy in Brooklyn. A lot of our friends moved as well.
Lakewood, Toms River, Jackson...
Back to top

amother




DarkPurple
 

Post Sun, Jul 31 2022, 5:43 pm
amother [ Fern ] wrote:
Chaim Berlin young families are buying. Not sure how they get the money, but all of my husband's friends bought/are buying.


Chaim Berlin subsidizes mortgages for kollel members and rebbeim. It also offers subsidized apartments for young couples.
Back to top

amother




Fern
 

Post Sun, Jul 31 2022, 5:43 pm
I know people buying in the heart of midwood and also k/L and the 30s
Back to top

amother




Fern
 

Post Sun, Jul 31 2022, 5:44 pm
amother [ DarkPurple ] wrote:
Chaim Berlin subsidizes mortgages for kollel members and rebbeim. It also offers subsidized apartments for young couples.

The apartments are not that subsidized. They're not really so cheap
Back to top

amother




DarkPurple
 

Post Sun, Jul 31 2022, 5:45 pm
amother [ Fern ] wrote:
The apartments are not that subsidized. They're not really so cheap

They're no more expensive than apartments in Lakewood now.
Back to top

amother




Mintcream
 

Post Sun, Jul 31 2022, 6:01 pm
A 25k loan on 1.3 million dollar house is not very helpful.
Back to top

amother




Dill
 

Post Sun, Jul 31 2022, 6:06 pm
Most Ashkenaz families are not buying in Brooklyn. Here and there you may find a couple who is buying , usually with a lot of assistance from family. Or as another poster mentioned, chaim berlin helps their members buy here. You also do not see any couples from outside Brooklyn moving into Brooklyn and buying (like you see in the Five towns, Lakewood etc).
And yes basically all the schools are seeing a huge decrease in enrollment.
Back to top

amother




Sunflower
 

Post Sun, Jul 31 2022, 7:15 pm
If you don't want to go to Lakewood, where are Brooklyn people going?
Back to top

amother




Kiwi
 

Post Sun, Jul 31 2022, 7:30 pm
amother [ Sunflower ] wrote:
If you don't want to go to Lakewood, where are Brooklyn people going?


North Woodmere, Passaic, 5T, Monsey
Back to top

chestnut




 
 
 
 

Post Sun, Jul 31 2022, 7:36 pm
Ahavas Torah school closed down, supposedly because of not enough students.
Back to top

mommy3b2c




 
 
 
 

Post Sun, Jul 31 2022, 7:42 pm
Of course some people are buying , but it’s definitely true that it’s much less people. School enrollment is way down and classes are much smaller. All of this is true .
Back to top

amother




Nemesia
 

Post Sun, Jul 31 2022, 10:18 pm
I just put my house on the market and today had an open house we had a few couples 1 not Jewish, JPF couple, a few Syrian, Persian and Bucharian
It’s in Marine Park
Back to top

nicole81




 
 
 
 

Post Sun, Jul 31 2022, 10:45 pm
amother [ Sunflower ] wrote:
Which area is that?


Part of mill basin and flatlands.
Back to top

amother




Firethorn
 

Post Sun, Jul 31 2022, 10:50 pm
We put our house on the market a few weeks ago and BH the interest in it was huge and we had a deal within a day for full asking price. My guess is now people are away for summer so maybe you aren’t seeing buyers but it didn’t seem like the market was dead. There is some shift out of Brooklyn but it’s not this mass exodus people imagine. In each of my kids classes maybe 2 families have moved out over recent years. and schools that were less popular are feeling it, but schools that were more popular still don’t have spots (Masores and Torah vodas still full).
Back to top
1, 2  Next Recent Topics

Page 1 of 2 View latest: 24h 48h 72h


Post new topic   Reply to topic    Forum -> Household Management -> Finances

Related Topics Replies Last Post
"WorkAtIt" for young adults 0 Tue, Sep 20 2022, 5:58 pm View last post
Zippered hoodie for young girls
by amother
5 Sun, Sep 18 2022, 6:15 pm View last post
[ Poll ] Is it worth buying a starter home
by amother
24 Fri, Sep 16 2022, 4:09 pm View last post
Young areas in Monsey
by amother
3 Wed, Sep 14 2022, 8:35 pm View last post
How do ima's w young kids stay up late for the parade of YTs
by amother
46 Tue, Sep 13 2022, 11:43 am View last post