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God damn you Dundee! Everyone has a theory for rising home prices in New York. Hipsters! Artists! A housing shortage wrought by confusing and onerous building regulations! NIMBYism! Greedy landlords! But why look at all those factors when we can just get xenophobic and point at a bunch of Australians buying 70 homes at a time, renovating them and charging goofy high rents? It’s the American way. The New York Times talked to Alan Dixon, an Australian investor who’s bought so many Bushwick properties over the past year that he can’t even keep track. It turns out his investment group, the creatively-named Dixon Advisory, has bought 71 homes in Bushwick. The Times held up Dixon as an example of a different kind of investor than the people who make a quick buck by buying and flipping properties in distressed neighborhoods. Instead, Dixon and his elk, groups such as the Blackstone Group and Capital Colony… Read More
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God damn you Dundee! Everyone has a theory for rising home prices in New York. Hipsters! Artists! A housing shortage wrought by confusing and onerous building regulations! NIMBYism! Greedy landlords! But why look at all those factors when we can just get xenophobic and point at a bunch of Australians buying 70 homes at a time, renovating them and charging goofy high rents? It’s the American way. The New York Times talked to Alan Dixon, an Australian investor who’s bought so many Bushwick properties over the past year that he can’t even keep track. It turns out his investment group, the creatively-named Dixon Advisory, has bought 71 homes in Bushwick. The Times held up Dixon as an example of a different kind of investor than the people who make a quick buck by buying and flipping properties in distressed neighborhoods. Instead, Dixon and his elk, groups such as the Blackstone Group and Capital Colony… Read More
The post Should Bushwickians blame rising rents on Australia? Sure, why not appeared first on Brokelyn.
