Having just moved to Main St. DUMBO and working in the financial district, I found it very ironic when people lambasted the saving of Wall St. while Main St. suffers.

Posted by: AndYouWillKnowUsbyTheTrailofRenters at October 27, 2008 10:45 AM in response to New York's Own Main Streets

How the hell much farther do we have to go before the market has priced in all of the negative outlooks and expectations? I don't pretend to be any expert on the equity market but to see these devaluations across the board regardless of industry, balance sheet, p/e ratios, etc. is unbelievable.

Posted by: AndYouWillKnowUsbyTheTrailofRenters at October 9, 2008 4:59 PM in response to Quote of the Day

I cannot believe that DOW8000 is about to become more than a commenter name on Brownstoner. I want to cry.

Posted by: AndYouWillKnowUsbyTheTrailofRenters at October 9, 2008 3:50 PM in response to Quote of the Day

As a totally biased person who is moving to DUMBO in a week.....
I respectfully disagree. I think it is a great area with a really unique vibe. In my opinion what is there (restaurants, shops, etc.) is great and unlike some of the more established areas in BK, DUMBO is impacted more by a new store opening which allows for growth in the area. The views of Manhattan are great, the Subway access is reasonable (F,A&C and not too bad of a walk to get to Court Sq.)

Everything is in the eye of the beholder. I think brownstone Brooklyn is beautiful as well, but there are many people who think that the SOHO like aesthetic/vibe of DUMBO is very desirable.

Posted by: AndYouWillKnowUsbyTheTrailofRenters at October 7, 2008 12:17 PM in response to Last Week's Biggest Sales: Dominant Dumbo

Also, to all of those who think we are headed to a depression, I suggest you really read up on what that means.
The Great Depression saw GDP declines of 20%, unemployment of 25%, wage decreases of 40% and millions of people homeless. I am 100% confident in saying that is not what will happen now.

Even if you temper that we would still need to see a double digit decline in GDP, unemployment levels in the low teens and a general crisis of people unable to stay in homes, feed their families, etc. As bad as things are, we are so far from that right now I do not believe we could get there without a major catastrophe or exogenous shock to the market.

Posted by: AndYouWillKnowUsbyTheTrailofRenters at October 7, 2008 11:33 AM in response to Front Page Forum: Walk Away from Downpayment?

I am also in the same situation. Signed the contract at a price we were comfortable with, got the appraisal for $20k more than we paid and 6 weeks later banks are gone, the dow is down 14% since that time and everything looks a hell of a lot worse. We considered walking away but would lose the money because we only had a financing contingent and were able to secure financing. We are looking at a 5-7 year holding period and are not that concerned with price depreciation. Our main concern is losing one of our jobs and struggling to make the mortgage payment. There is no way I would be willing to walk away from my down payment (which is substantially higher then yours). Bottom-line is that we love the unit and the area and really want to be there. We have no idea what the future will hold financially but we know that whatever time we are able to spend there will be enjoyed.

Posted by: AndYouWillKnowUsbyTheTrailofRenters at October 7, 2008 11:24 AM in response to Front Page Forum: Walk Away from Downpayment?

Yes, pricing (information) IS available. I love people who sit on message boards and correct grammar. I guess from now on I should proofread all of my posts to make sure I get a good grade and don't fail out of the Brownstoner Message Board Academy.

Posted by: AndYouWillKnowUsbyTheTrailofRenters at July 28, 2008 12:20 PM in response to Be@Schermerhorn Website Fleshed Out, Still No Pricing

Pricing is available through the broker. I emailed and was able to receive a list of available apartments. They are really lacking information though in terms of finishes, details on amenities, etc. They are offering 5% discounts if you buy before the sales officially start.

Posted by: AndYouWillKnowUsbyTheTrailofRenters at July 28, 2008 10:54 AM in response to Be@Schermerhorn Website Fleshed Out, Still No Pricing

If it compares all areas of Brooklyn with all of Manhattan it should be a useful comparison, with better and worse areas in each. You could easily reverse it and say if they are comparing something in prime BH with something in Harlem that makes no sense either.

Posted by: AndYouWillKnowUsbyTheTrailofRenters at July 10, 2008 4:37 PM in response to Brooklyn Versus Manhattan: The $1M Chasm

call me an optimist(or an asshat... I can't help but see that huge gap as what makes Brooklyn somewhat "safe". Brooklyn, won't crash unless Manhattan comes down as well.It is desirable, affordable in contrast for Manhattan, has opportunity for growth in services and amenities, etc. Not that Manhattan can't crash but it would be a result of so many other problems that I won't really care about real estate at that point.

Posted by: AndYouWillKnowUsbyTheTrailofRenters at July 10, 2008 2:55 PM in response to Brooklyn Versus Manhattan: The $1M Chasm

I don't understand why people care. No one knows who I am or who anyone else with a log-in is. It is still anonymous. Just make a fake name and email, log-in and save your password and the only thing that will be different is your bold face type. Deadspin probably has the most commenters on the web and they require log-ins. People say crazy, dirty, stupid things without concern because it is still anonymous!

Posted by: AndYouWillKnowUsbyTheTrailofRenters at July 10, 2008 1:53 PM in response to Moving Forward

Dave: I saved my log-in, no way I am typing that every time.

Posted by: AndYouWillKnowUsbyTheTrailofRenters at July 10, 2008 1:27 PM in response to Moving Forward

12:59- Dave prefers his dicks between a nice pair of buns, not in a bowl.

Posted by: AndYouWillKnowUsbyTheTrailofRenters at July 10, 2008 1:11 PM in response to Moving Forward