Open House Picks: Six Months Later
Comment: Can that Willoughby price can be right? Open House Picks 10/24/08 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Can that Willoughby price can be right?
Open House Picks 10/24/08 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
I agree that that Willoughby could not have sold for 725K. No way the sheep would have allowed that. Koolaid rehab is still in session.
***Bid half off peak comps***
Pete, that makes perfect sense.
Mr. B. I think correction is in order.
Cornerbodega….I am not arguing about whether the market is going bust or not. I am not sure about that myself yet. I am just pointing out that, again, you’re a moron if you beleive that a house on Willoughby sold for 725K and you’re making a housing burst comment based on that.
now that I look at Willoughby more closely…that 50% sale is one of the owners buying the other’s share out.
you see, peeps like kensingtonian are the prototypical delusional cheerleader going bust. Whatever the exact #s are they can’t seem to grasp the main point that s*hit is going downhill in what is just the very beginning of the NYC bubble burst.
SO that would make it a 1.450 house, which is more in line with comps.
read again the docs on Acris and you’ll see that a 50% interest in the prop sold for $725K.
Maybe in week or so we’ll see if other 50% sale is recorded or if someone only bought 1/2 the house.
Kensingtonian-I am with you. It is very strange and some explanation will likely turn up that will contextualize it.
“OMG you mean house prices are falling back to reality?”
Pretty much.
“New/old banking mortgage rule of thumb of 3x income…”
Pretty much.
“you can tell who the blind and delusional are when these #s ‘stun’ them. Can’t be real!”
Pretty much.
***Bid half off peak comps***
cornerbodega, you’re just a moron. If you can get me a house in the Willioughby block in decent condition for $725K, I’ll personally write you a check for 10% of that value if I buy that house.
Mr. B, check ACRIS again please. I think the mortgage from 2 different banks for that house was taken out at 1.25Mil. How could they have bought the house for 725K then? Doesn’t make any sense to me at all.