The simple answer is Brooklyn is simply isn’t affordable. Small 3 bedroom houses are going for over $800,000. How many young families can afford such high prices? Even if they manage to save for a down payment (20%=$160,000) why buy in Flatbush where all that will get you is a semi attached 3 bedroom and possibly a shared driveway, when you can go to other communities and get a larger house, bigger yard, private driveway, and an eruv, all for the same amount or less?
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