The Waiting Game
The days of racing with the clock are over in NYC’s residential market (no duh), and the Times’ real estate cover story this week examines what the dynamics of a less frenzied market look like. While prices haven’t dropped much, buyers and sellers are taking their time nowadays, and a lot of people are considering…
The days of racing with the clock are over in NYC’s residential market (no duh), and the Times’ real estate cover story this week examines what the dynamics of a less frenzied market look like. While prices haven’t dropped much, buyers and sellers are taking their time nowadays, and a lot of people are considering how much rehab their properties need, or undertaking lengthy/expensive fix-ups, before listing them. Case in point:
Carolyn Walkin and her husband, Jim, wanted to move to the Long Island suburbs to find better schools for their daughters, Ava, 4, and Veronica, 2. But they were so worried about a potential recession that they did extensive research to ensure they could sell their three-family brownstone on Henry Street in Cobble Hill, Brooklyn, for the price they wanted. Ms. Walkin spent about five months and had conversations with at least seven brokers before choosing Terry Naini of Prudential Douglas Elliman. Before that, she had also researched auction houses and considered selling the brownstone without a broker. Even though they finished an extensive renovation two years ago, they added details like art on the walls to attract sellers. Within one hour of their first open house, they received an offer for their asking price of $2.5 million. But Ms. Walkin didn’t relax until the paperwork was signed.
Not a bad outcome, but perhaps indicative of the high anxiety in the air these days.
Responding to a Less Heated Market [NY Times]
Photo by TrespassersWill.
I’m actually starting to believe The What does not live in or near NYC at all. He really sounds like one of those illogical crazies who sit in a basement in the Midwest, collect unemployment or disability then run a blog ranting about liberals and “big government” ruining everything.
10:13 is NOT black and neither is The What.
Every black person I know thinks the improvements in Brooklyn are great. The only ones who don’t think it’s great are NOT capable of affording to live in Manhattan then buying in Hoboken, sorry 10:13. The only ones who complain about less crime, better schools and not being able to afford a $400K apartment (plenty of which still exist in NYC) are people who still couldn’t afford to buy even if properties DID drop in value 50%.
The What and 10:13 are both poseurs who obviously own useless worthless houses in the suburbs.
I called The What out as a suburbs-booster when he revealed himself to be just that. He doubled back on everything he’s ever said and told everyone to buy in the suburbs. His so-called campaign to warn everyone about bad real estate investments would never have resulted in encouraging people to buy in the suburbs among a multitude of foreclosures. So it meant he was a phony plain and simple and not what he presents himself to be. I also do not believe for one moment he is black. His reactions are gleeful in being attacked for his race. Not offended.
People are desperate and panicked in the suburbs and we’ll be seeing them show up here trying to make themselves feel better for owning some piece of crap in Jersey they pay way too much property taxes on, by making people terrified to live in Brooklyn. Let’s not take the bait.
Market’s getting soft as Downey.
i take it back…10:58 is the most idiotic poster on this thread.
by far.
maybe most moronic ever.
there are plenty of Black people in Brooklyn with class, but there are also people like the What.
It only takes a few of these people in a building or on a block to ruin it for everyone.
i am not a big believer of “being able to live together” I want to live with people as nice and as honest as I am. I have that option, and I certainly will not opt to live somewhere with voices like the What.
I don’t live in Harlem you idiot, I’m not Black and therefore the idea of living in harlem has never entered my mind. It would be like suddenly moving to China Town. Like, why?
10:13 is the biggest loser on this thread.
“I think I will stay in Manhattan thank you very much”
yeah, cause harlem isn’t ghetto at all.
Not all black people are ghetto. The What wouldn’t know that because he was raised by wolves. The What wants to make this a race issue because he has nothing else to say and because he was called out on his ignorance and lies.
You, What, are a ghetto ass. Your attempt to try to be all tough on this blog points to your lack of class and culture. Perhaps if you got out more, you would meet other black people who have an education and manners.
I bought in Bed-Stuy years ago and didn’t pay that much for a whole house. Blacks moved in after me and paid more than I did.
People who think only whites can gentrify an area don’t know what they are talking about and are racists.
And if you have a problem with the changes in the area, tell the black people who sold to me and everyone else not to sell. You know what they would say to you, What? Get lost you ghetto ass punk bitch. You did nothing for the neighborhodd and now you want to complain. They worked hard, maintained a sense of community and reaped the benefits of rising housing prices. IF you had owned a place, you too would have sold. But you don’t own so you can’t even take your own foolish advice.
Go back to stealing someone else’ss wi-fi between trips to the check cashing place. You are a ghetto ass whore with no education and – soon – no place to run.
The war is over. You lost. Get out.