This trail of comments is coming to an end, but I still want to make one more post: I still hold that all of you finance "geniuses" are missing the bigger picture.

Your analysis is based on refuting the assumption that:

"247 is a unique house...."

Once again: Yes it is (Not that I have ever been in it, nor will I be attending the open house....).

Don't believe it is a unique house?

Then please, somebody send me the link to where you can rent that equivalent property in the 11215 (Park Slope/Windsor Terrace) neighborhood.... Here are my requirements: I want to rent a family-sized place (3+ bedrooms, 2 bathrooms, and basement storage for bicycles, etc.), within a couple of blocks from Prospect Park, with a back yard, and some "charm" (period details, or a front porch, or something like that).

Guess what? There is nothing for rent like that.... So how can "finance guy" tell me it is cheaper to rent?

Stop counting beans and looking at your spreadsheets - pull your head out of the sand and look around...

Posted by: Taking_It_Back_PM4L at August 10, 2008 8:52 AM in response to Open House Picks

A few years ago we tried renting a family-sized place (3 bedroom) in Brooklyn in a decent neighborhood (preferably near a park) with a little outdoor space for a BBQ. Not only was there nothing decent available, there was nothing available (period). We bought a house in Park Slope.

So maybe 247's price won't appreciate rapidly in the next 10 years, but finance guy's analysis is total B/S: You just can't rent a single family house like this anywhere near Park Slope.

247 is a unique house on a great block (near the park, near the theater, etc.) - It seems worth it to me... Definitely $1.15... but $1.25 doesn't seem out of reach.

Posted by: Taking_It_Back_PM4L at August 8, 2008 9:04 PM in response to Open House Picks