Recently it was announced that the tallest building in Brooklyn, a residental tower, is to be built in the imminent future. If you walk around town you might notice that downtown Brooklyn resembles Dubai these days.  Developers are building like crazy and they’re building residential.  But they’re building into an already unfavorable supply side market.  Those trying to sell apartments are finding that they can’t sell them, both because people don’t have the money and also because they can’t get loans, so whenever possible landlords that can’t sell their properties are dumping them onto an oversaturated rental market and finding that the only way to compete with existing rental properties and attract tenants is through ever decreasing prices and ever increasing incentives.  That said, I’m not complaining.  I’m a renter and I’ve taken full advantage of the situation.  I’m just sayin’…they might want to tone it down a notch.