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October 16, 2009

Open House Picks: Six Months Later

ohp-6months-041709.jpg
Comment: That's quite a price cut on Cumberland!
Open House Picks 4/17/09 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]




Posted by Brownstoner at 12:41 PM | Comments (21)
Categories: Open Houses, Six Months Later

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Comments

Is that the name for the neighborhood for the Cumberland St. place, "Wallabout"? If so I can finally describe my preferred place to live. I'd always considered this Clinton Hill or Fort Greene or something.

Posted by: infinitejester at October 16, 2009 12:48 PM

You want to live under the BQE??

Posted by: etson at October 16, 2009 1:12 PM

You know where I live now, it's comparable! No, I want to live near the Navy Yard and away from train access. No train access IMO forms a more local community.

Posted by: infinitejester at October 16, 2009 1:27 PM

If that's where you want to live maybe you should make a lowball offer. It's a narrow (12.5') house but they must be getting desperate if according to the corcoran listing they're leaving it for the buyer to add a kitchen and another bathroom.

Posted by: Bklnite at October 16, 2009 1:48 PM

I think sounds like good price, IJ. And in reality not that far from some trains. I don't know the bus routes....1 might run down FLushing avenue. And it says a parking spot.
But what about nearest bar?

Posted by: Petebklyn at October 16, 2009 1:57 PM

14 widget priced homes have now sold and today we have the first example on the bear side.

HOTD 5/7/09 100 St Marks sold 10/8/09 for 1300000 or 6% BELOW widget.

Call the New York Times.

Posted by: antidope at October 16, 2009 2:07 PM

My cmoney is only half liquid right now, Bklnite. Also probably more house than I need. Although if I did live there I would certainly go out a lot less and not need a bar or something nearby. I did a train to bus commute for 5 years so commutes don't bother me.

Posted by: infinitejester at October 16, 2009 2:07 PM

Antidope, that's still less than 20% off the ask. Maybe the widget was abnormally too close to the ask?

Posted by: Boerumresident at October 16, 2009 2:13 PM

antidope, let's get back to unfinished business from yesterday regarding that HOTD. you ok with the counter proposal from me (forgot to say loser will have to campaign under other's flag for 3 months)? if not, propose something else.

Posted by: more4less at October 16, 2009 2:19 PM

Back down to the long running average of 25% sold. Only 1 out of 4 listings will score a sucker. There's still time to "take profits" within 25% of peak.

***Bill Thompson for Mayor***

Posted by: Brownstones Half Off at October 16, 2009 2:23 PM

stoner community did price this one at 13% off ask, which is among the tightest spreads. average is 19% off.

i browsed the comments and i think the collective wisdom underestimated importance of a real back yard. or abutting flatbush store? maybe this is easy to do when doing a cyber walk thru?

Posted by: antidope at October 16, 2009 2:24 PM

BHO- did you see my question about london earlier this week. your price rent metric indicates they're in for a 75% fall from peak comps. you making that call too?

Posted by: antidope at October 16, 2009 2:30 PM

i am willing to gamble as i view the proposition as 50-50, but those are lame stakes. (my first comments yesterday were largely based on the significantly wrong square footage numbers in the listing).

Posted by: antidope at October 16, 2009 2:33 PM

antidope, you won't think they're lame when, if you lost, are told by me to dish the stupid buyer comments onto your fellow bulls. nor would I when, if I lost, defend the stupid buyers.

Posted by: more4less at October 16, 2009 2:52 PM

challenging bear-mania = fellow bull ???
is that the new definition ???
you misread people; i highly discourage poker for your gambling habit.
normally i am torched here for not expressing direction of the market.

Posted by: antidope at October 16, 2009 2:59 PM

antidope, with exception of DIBS, there's really no more full-blown bulls anymore. most bulls have gravitated toward team reasonable - with some a little more bullish than others. then there's the full-blown bears. in that context, you're a bull.

now stop wiggling around and being fuzzy. if you dont want to bet, fine and just say so. if you want to, step to the plate.

Posted by: more4less at October 16, 2009 3:08 PM

I aint touchin' London, 'dope. My brother lives there and tried to school me on their most obscure ownership system. Maybe that's just apartments and not multi-fam equivalents? As far as I know, the price/rent metric was made in the U S and A.

M4L,

Team Reasonable = Sneaky Transition to Team Bear. GROWL!

***Bill Thompson for Mayor***

Posted by: Brownstones Half Off at October 16, 2009 5:00 PM

BHO, that made me laugh.

Posted by: infinitejester at October 16, 2009 5:33 PM

" As far as I know, the price/rent metric was made in the U S and A.

Posted by: Brownstones Half Off at October 16, 2009 5:00 PM"


The price/rent metric has been around longer that the US of A has been in existence.

Maybe it's just my familiarity with the UK but the ownership system seems to be simpler than the US.

Posted by: the chicken at October 19, 2009 5:08 AM

Not surprised that 2102 Kenmore has been taken off - 2101 Albermarle (40 feet away on the next street) is on for £795k.

http://www.trulia.com/property/1084778357-2101-Albemarle-Ter-Brooklyn-NY-11226

Posted by: the chicken at October 19, 2009 5:13 AM

2101 Albemarle needs significant renovation work while 2102 Kenmore is in move-in condition with lots of nice historical detail intact inside. I've been in both.

Posted by: BHS at October 19, 2009 1:26 PM

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