Brooklyn, Get-Real Estate

'Da bums of Brooklyn are finally feeling the real estate pinch, according to an article in today's New York Post.

The housing prices for buyers in New York City, that is, Manhattan and Brooklyn, have not mirrored the downward trend of the nation. The climbing Brooklyn prices are especially maddening.

I've watched the two playpens closely since 2005. In my corner of the market (one-bedrooms with at least 750 square feet), astonishingly, Brooklyn apartment prices have climbed just as high as in Manhattan. I finally stopped checking Brooklyn listings.

How has Brooklyn sustained that pricing growth? I love Brooklyn, don't get me wrong, but Brooklyn is not Manhattan and never will be. And now, buyers are agreeing.