NY Dailey News is calling Clinton Hill Fringe, BWHAHAHAHAHAHA
http://www.nydailynews.com/real_estate/2009/09/18/2009-09-18_look_to_brooklyn__youll_see_bargains_with_big_spaces_on_prime_property_.html

Posted by: brickoven at September 18, 2009 1:31 PM in response to Open Thread

i love that on my first day back there is a story abut a Russian Billionaire that is ging to bailout Brooklyn!! Bullish

Posted by: brickoven at September 18, 2009 12:55 PM in response to Russian Billionaire To Bail Out Ratner?

I know more4less no respect this dope has. In my Dojo we are taught to respect the enemy

Posted by: brickoven at September 18, 2009 12:50 PM in response to NYC Unemployment Passes 10%

the chicken you know what this means for NYC? I mean forget about the price of RE, but the city as a whole

Posted by: brickoven at September 18, 2009 12:37 PM in response to Open Thread

WE ARE ALL F%*(&(^

http://online.wsj.com/article/SB125324292666522101.html#mod=WSJ_hps_LEADNewsCollection

Posted by: brickoven at September 18, 2009 12:28 PM in response to Open Thread

anyway we are all f%*& now
http://online.wsj.com/article/SB125324292666522101.html#mod=WSJ_hps_LEADNewsCollection

Posted by: brickoven at September 18, 2009 12:26 PM in response to NYC Unemployment Passes 10%

moreteaser they are only creating more problems in the future. There is a reason the free markets used to work the best. You know we will all be paying for this for many years?

Posted by: brickoven at September 18, 2009 12:07 PM in response to NYC Unemployment Passes 10%

antidope do you have the bet link?

Posted by: brickoven at September 18, 2009 11:45 AM in response to NYC Unemployment Passes 10%

how have you won? Maybe you should read the bet over. You did not even remember that loser was the handle? Now I see what is wrong with yu

Posted by: brickoven at September 18, 2009 11:18 AM in response to NYC Unemployment Passes 10%

antidope what are you talking about choose my handle? Did we not agree on the Loser handle for the loser? Are you trying to change the bet?

Posted by: brickoven at September 18, 2009 11:11 AM in response to NYC Unemployment Passes 10%

antidope are you sure about that? Are you sure you sure you are not just looking at the properties posted here?

Posted by: brickoven at September 18, 2009 11:00 AM in response to NYC Unemployment Passes 10%

wall street is losing jobs not gaining. Right antidope?

Posted by: brickoven at September 18, 2009 10:52 AM in response to NYC Unemployment Passes 10%

antidope I see you still did not find work?

Posted by: brickoven at September 18, 2009 10:44 AM in response to NYC Unemployment Passes 10%

just got back just got gas

Posted by: brickoven at September 18, 2009 10:43 AM in response to Open Thread

FART

Posted by: brickoven at September 18, 2009 10:38 AM in response to Open Thread

the biggest problem is that all the people who have gotten fired from wall street have not left the city yet. They are sitting at home trying to find work and typing on blogs all day.

Posted by: brickoven at September 18, 2009 10:36 AM in response to NYC Unemployment Passes 10%

you can get sued BIG time. I think you are fu$*^

Posted by: brickoven at August 28, 2009 5:22 PM in response to tenant has vicious dog

andy if what you are saying is true the developers will sue the jeffries guy. Is this guy that dumb ?

Posted by: brickoven at August 28, 2009 3:16 PM in response to ID'ing Troubled Condos

This map defines what I said was fringe Brooklyn. You guys should also check out a map of delinquint mortgages in brooklyn.

Posted by: brickoven at August 28, 2009 1:16 PM in response to ID'ing Troubled Condos

DeLepp this building is priced about the same as the financial district. Thats the problem, and on top of that there is a whole lot of supply coming to this area at a time when the city continues t lose high paying jobs. There is no end in sight to the job losses in NYC

Posted by: brickoven at August 28, 2009 12:49 PM in response to Prices Cut on Most Remaining One Hanson Units

Ditmas give it a couple of years and the delusional part will be how anybody ever paid 800 psf,

Posted by: brickoven at August 28, 2009 12:21 PM in response to Prices Cut on Most Remaining One Hanson Units

300 psf sounds about right

Posted by: brickoven at August 28, 2009 12:17 PM in response to Prices Cut on Most Remaining One Hanson Units

wow i did not realize this building was on that list of troubled buildings. The bears have rushed the gates and Rome has fallen. You guys still bullish?

Posted by: brickoven at August 28, 2009 12:09 PM in response to Prices Cut on Most Remaining One Hanson Units

anybody know the history of Harlem?

Posted by: brickoven at August 28, 2009 11:34 AM in response to ID'ing Troubled Condos

VICTORY

Posted by: brickoven at August 28, 2009 11:12 AM in response to ID'ing Troubled Condos

anyway see you guys soon, dont be a dumb arse and buy any sort of real estate. way to early and it s going to be a very bad year for owners

Posted by: brickoven at August 27, 2009 5:55 PM in response to Open Thread

dave if you trade asian markets what the hell are you still ding here? Tokyo opens in and hour and 15 minutes.

Posted by: brickoven at August 27, 2009 5:48 PM in response to Open Thread

dave up to task on arguing with you? I think you are funny and all but you are the most clueless person in finance I have ever come across

Posted by: brickoven at August 27, 2009 5:42 PM in response to Open Thread

thanks kensingtonian I am still not in the city though

Posted by: brickoven at August 27, 2009 5:35 PM in response to Open Thread

11217 you dont have a very good handle on reality I think that studio space is getting to you

Posted by: brickoven at August 27, 2009 5:31 PM in response to Open Thread

Ditmas why would you say that I dont think I have ever even seen you darling

Posted by: brickoven at August 27, 2009 5:29 PM in response to Open Thread

11217 I know you are ghetto.

Posted by: brickoven at August 27, 2009 5:22 PM in response to Open Thread

Dave did you fu%*^& 11217 and not call him back?

11217 is ghetto

Posted by: brickoven at August 27, 2009 5:17 PM in response to Open Thread

ghetto is 11217 you guys are all dumb. I wont be posting in here for a while.

Posted by: brickoven at August 27, 2009 5:10 PM in response to Open Thread

Dave you trade the asian markets and you dont get out until 5? I wonder how many people here actually do what they say they do for a living

Posted by: brickoven at August 27, 2009 5:04 PM in response to Open Thread

11217 did you see the studio in One Hanson asking 262,000? dont you have a studio in that area? How is the big investment coming along? Yeah rich yet?

Posted by: brickoven at August 27, 2009 2:46 PM in response to Co-op of the Day: 269 Clinton Avenue, #D2

anyway this place is a 1 bed and its not even a large 1 bed 350 tops

Posted by: brickoven at August 27, 2009 1:59 PM in response to Co-op of the Day: 269 Clinton Avenue, #D2

11217 I dunno howta spill jus leeb me along

Posted by: brickoven at August 27, 2009 1:57 PM in response to Co-op of the Day: 269 Clinton Avenue, #D2

tinarina I am in the comfort of my summer retreat right now actually. I have been to Clinton Hill and parties on Clinton street towards the end by Fulton i think. Some parts are nice some parts are not. NOTHING is worth more then 2000 in rent for a small 2 bed. NOTHING

Posted by: brickoven at August 27, 2009 1:48 PM in response to Co-op of the Day: 269 Clinton Avenue, #D2

11217 i bet you could get out of youre mortgage based on capacity

Posted by: brickoven at August 27, 2009 1:42 PM in response to Co-op of the Day: 269 Clinton Avenue, #D2

anybody who would pay 2400 for a small 2 bed in clinton hill does not have the capacity to sign a legal contract. :) you guys like that one?

Posted by: brickoven at August 27, 2009 1:39 PM in response to Co-op of the Day: 269 Clinton Avenue, #D2

ask 588 is 500 in this market. Eyes wide shut?

Posted by: brickoven at August 27, 2009 1:33 PM in response to Co-op of the Day: 269 Clinton Avenue, #D2

one hanson

ask 588 psf
http://www.streeteasy.com/nyc/sale/380599-condo-1-hanson-place-fort-greene-brooklyn

and ask 623

http://www.streeteasy.com/nyc/sale/264170-condo-1-hanson-place-fort-greene-brooklyn

roh ruh 11217

Posted by: brickoven at August 27, 2009 1:30 PM in response to Co-op of the Day: 269 Clinton Avenue, #D2

I pay 2300 for 850 sft in BH> I find it hard to believe that Clinton Hill is more then 1800 for a place like this.

Posted by: brickoven at August 27, 2009 1:21 PM in response to Co-op of the Day: 269 Clinton Avenue, #D2

if One Hanson is going for 500 PSF now this should be worth around 400 PSF

Posted by: brickoven at August 27, 2009 1:16 PM in response to Co-op of the Day: 269 Clinton Avenue, #D2

this room should not be called open thread it should be called

Dave's Turkish Bath House :)

Posted by: brickoven at August 27, 2009 10:01 AM in response to Open Thread

2 things

- Huge price cuts at one hanson

- Times article on Arms is a must read

Posted by: brickoven at August 27, 2009 9:44 AM in response to Open Thread

Punko it is a through street and not a side street granted but I do not think this is a noisey block at all and I live about 2 blocks off of it. I think this is one of the best blocks and If the price went to 2 million by next summer I might have to do something stupid.

Posted by: brickoven at August 25, 2009 4:52 PM in response to House of the Day: 182 Clinton Street

I think they have retail spots that are empty Pete. The fact is that nobdoy lives in the area still except the 35 poor bastards that live in the Forte

Posted by: brickoven at August 25, 2009 3:58 PM in response to Development Watch: 277 Gold Street

I am sue that the building will be in talks with Whole foods when it comes to market and the deal is imminent :)

Posted by: brickoven at August 25, 2009 3:49 PM in response to Development Watch: 277 Gold Street

and another fact:
of the original aishling listing of "new properties",2 of the 5 in fort greene (the only nabe i'm looking in) are NOT new at all only relisted with a new broker (202 clermont) and with an ad that for 113 days has said BRAND NEW LISTING (190 clermont)....others that have changed brokers or gone from fsbo to broker and claim to be new listings: 112 vanderbilt, 226 cumberland and 180 adelphi, 398 vanderbilt...inventory is VERY LOW and the brownstone market will always be somewhat impervious to the world market for this reason....so all the speculating can only apply minimally to this special part of the world we love and call home...

Posted by: jdlcnm at September 18, 2009 10:44 PM in response to NYC Unemployment Passes 10%

"There is a reason the free markets used to work the best."

Clearly, you have never studied economic history. The unsustainable booms, panics and depressions that characterized our free markets from the late 1800's through the Great Depression were frequent and horrific. The post-WWII period was unquestionably a time of much tighter markets, exceptional capital stability, and strong, sustainable economic growth.

Markets are good. But they need to be regulated. And, in fact, markets are PART an economy, not all of it. There are all kinds of vital investments that private markets cannot make and will never make.

Seriously, how can anyone defend free market fundamentalism after what we have just seen? That's not rational. We literally reached a point where we were placing massively leveraged bets that people who couldn't afford their mortgages either wouldn't default, or would default and it would be profitable (or, at least not costly). That's tulip bulb thinking. It's clear evidence our markets aren't allocating private capital efficiently and need massive re-structuring.

Not to mention that while this mania was happening, our nation's public infrastructure was literally crumbling. A bridge fell down in freaking Minnesota! There is a strong case to be made that not only are our public markets allocating private capital poorly, but that we have also allowed far too much of our nation's productive capital to be dedicated to private sector investment. I'm sorry Wall Street hasn't figured out how to make a fortune off universal literacy, good roads, clean water or affordable healthcare, but these things are, in fact, as necessary to our economy as CDOs. Arguably, more so.

Ah, but it occurs to me that I might be suggesting that Wall Street bazillionaires might be a bunch of poseurs who will not ever usher in a free market paradise. That they are, in fact, a bunch of guys who have figured out how to make a ginormous pile of money and who have bought into a bunch of total nonsense to justify the current system. Sure, it doesn't really work that great for our country or for the majority of people in it, but it has made them quite comfortable.

By all means, let's pretend the free market used to work better than a regulated one. While we're at it, I'd like to go back to the days when government worked better because God appointed the king. Oh, and when we could guarantee a good harvest if we all prayed very hard to Demeter.

Posted by: bkrules at September 19, 2009 4:09 PM in response to NYC Unemployment Passes 10%

Rent market in New York is holding pretty well? If only the government would stop prolonging the number of weeks unemployment benefits were granted you would see renters leaving the city by the busload.

Posted by: hannible at September 20, 2009 6:35 AM in response to NYC Unemployment Passes 10%