Pity the poor investors who can’t buy here now. via Flickr user Matthew Rutledge It’s the same story we’ve read so many times before in New York City. A neighborhood finds itself being pitched as the hot new thing, newcomers rush to it looking for a profit, and before you know it, no one can afford the neighborhood anymore. It’s a sad story that’s come to Bed-Stuy now, as Brooklyn’s real estate investors can’t seem to make the gigantic profits they once made, and are leaving the neighborhood in droves according to the Daily News. We look forward to their “Goodbye to All That” essay. Bed-Stuy, which kept being called the new Williamsburg, saw its first $1 million apartment sale (that was put on the market for $1.4 million a year later) and was reimagined without black people, has finally become too expensive to bear for the investors who helped make a condo canyon full… Read More