It's a glass and concrete Jungle that the .1% can afford but hardly anyone else.What Brooklyn had was proximitry to Manhattan and a hip and trendy vibe along with some very famous people, including Spike Lee, Biggie, etc. here is a List: https://en.wikipedia.org/wiki/List_of_people_from_BrooklynThere is a huge spill over to Brooklyn from Manhattan and that created a huge demand and spurred development which then made Brooklyn into a destination that has become Internationally known.The writing was on the wall for anyone that was paying attention and can say to themselves....

My view, based on local apartment new construction absorption rates, is that the result of the AMZN decision isn't "baked in" to the recent spikes in rental prices and sales prices.

Seems like some believe there could be a large spike coming and some believe there should be a correction already.

Sharp metal spikes.

You have to be ultra careful because with this length of time holding the property a lot of things can go wrong and the market can change temporarily for the worst due to weather, holidays spike in interest rates, sudden oversupply etc...

- I personally have gotten more of that pitched to me in the last few months than ever in the past (has anyone reading this noticed a spike in the junk mail and cold calls?).

The spike in property value traces to a real estate entity of supreme might and influence in these parts(Harvard University).if someone is willing to clear the foreclosure and do a JV on the upside that would be a good out come just have attorney put together a nice JV agreement and record it post sale.

Even areas I likely won't work in anytime soon (large commercial developments, for example) still spike my interest. 

But the multiple deliveries of new MF in the area caused a temporary spike to 10.3% that was then suppressed back down to 8% by what I would assume was the direct cause of the floods.

I have done a few BRRR here in Ontario, but am finding with the price spike (see Lee's post about Peterborough sale prices) I am starting to get priced out.May take a look further at Moncton then as well. thanks!