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This two-family house at 449 Bergen Street in Park Slope hit the market last month asking $1,899,000 and just reduced earlier this week to $1,795,000. The three-story (sorta) house was renovated top-to-bottom in 2002, the year before the current owner bought it for $595,000. Seems like a pretty stiff mark-up to us.
449 Bergen Street [Aguayo & Huebener] GMAP P*Shark



What's Your Take? Leave a Comment

  1. Where are all those geniuses that don’t belive housing prices will not come down more than half in New Yorrk City?learly the seller is testing the market to see if any fish nibble at the bait. He should know that the drying up of credit has also dried up the pool of fools. Any home price after 2003 is purely speculative and overinflated. If someone does buy at the current asking price he/she will probably be welcomed to the neighborhood as an idiot.

  2. “No news here, but we are in the beginning stages of an enormous (unprecedented) economic downturn highlighted by an eventual spike in inflation. Likely in a massive bear market rally.”

    I agree with this. We’re going to have economic stagnation for a decade and inflation.

    For Miss Muffet, who is buying in an expensive area with mostly cash, it makes sense to wait. In my case, it may make sense to buy. Prices are 40 percent off peak and interest rates are low.