1960s Stove Knobs

I think you should get a consultation from an attorney skilled in this area.

The contract itself will be something that that attorney and you should pour over carefully.

Take a proactive approach and seek legal consultation.

Posted by: Madeleine at August 25, 2009 11:06 PM in response to fight with contractor

Run credit checks and ask for references. Best way might be through word of mouth.

Posted by: Madeleine at August 25, 2009 9:36 PM in response to Advice for New Landlords

Sorry, I don't have any. But a really great antique store called City Junque on Bay Ridge Avenue in Bay Ridge usually has a good selection. They're listed in the phone book.

Posted by: Madeleine at August 25, 2009 9:29 PM in response to Looking for Wall Sconces

Slowly, a trickling of folks from Brooklyn Heights and Park Slope have been buying homes in Bay Ridge (even though many of the fine Victorians in that area had been razed by developers, many solid rowhouses and limestones still exist).

Schools are good both public and private and children are indeed welcome in the area.

Ah, but Bay Ridge is captive to the R line. However, my child attended HS in Park Slope and it was an easy trip from the R to F to arrive at same.

You might want to come out and take a look.

Posted by: Madeleine at August 25, 2009 12:02 AM in response to what to do with all this equity?

Thank you, Steve.

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Posted by: bowl of dicks at August 25, 2009 7:06 AM in response to 1960s Stove Knobs

You're right about stretching, 11217. But he OP didn't say that he would be. He said he can sell his apt and have 500k. Not sure what he means by the F line, but he could certainly buy a nice house in WT or the South Slope near the F for $1 million. Putting 50% down on a house is not my idea of 'stretching'. Of course we don;t know his income or other details but...

Posted by: denton at August 25, 2009 7:09 AM in response to what to do with all this equity?

OP here. No thanks on Bay Ridge; still not safe for queer families and not close to anything except Staten Island. Our income would safely support a mortgage of around $350k along with all of all of our other commitments, so with roughly $500 in equity we're not quite looking at $1mil houses. Not looking to do a gut reno, either, so something in decent shape is v impt. Still no consensus :-), but thanks for weighing in!

Posted by: linkinplace at August 25, 2009 9:57 AM in response to what to do with all this equity?

Could you find something for your price range near the F in Windsor Terrace?

Posted by: StuyMom at August 25, 2009 3:12 PM in response to what to do with all this equity?

I vote for buy. Check out Kensington.

Posted by: Freckles at August 25, 2009 5:05 PM in response to what to do with all this equity?

My slightly educated opinion-- I agree with StuyMom-- check out Windsor Terrace. The prices are coming down on the houses much faster than Park Slope (will PS ever really come down??), and it's on the F line. Good luck!

Posted by: sharpg at August 25, 2009 7:51 PM in response to what to do with all this equity?

"what to do with all this equity?"

Cash out now! You'll never see 2009 prices in 2009 dollars again in your lifetime. Sell, rent and buy again after Case-Shiller stabilizes.

***Bid half off peak comps***

Posted by: Brownstones Half Off at August 26, 2009 5:14 PM in response to what to do with all this equity?

...but then what to do with cash? Gold (will see $1,600/oz but beware of scams) and other commodities. Maybe Euro or Asian denominated stocks. Just get out of real estate now and perhaps get back in later when it stops crashing.

***Bid half off peak comps***

Posted by: Brownstones Half Off at August 27, 2009 12:49 PM in response to what to do with all this equity?