Bronx Real Estate Down

pix, source nytimes.com Yankee stadium.


The Brodsky organization admits that Bronx real estate is down, and can continue,

"on the way down, on the way. on the way down.
And I won't forget the bubble trouble.
I got ripped off , on the way down,
But I did lie too, bout my income, on that arm mortgage.

(spoof, on the way down, song)

There is still a lot of denial about the freeze up of the refinancing of the commercial real estate and all that. A lot of denial about the problems with the East River Plaza. Maybe problems with the new Yankee Stadium. Will people buy all the million dollar boxes>