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  1. Re: 5 Ways for Buyers to Outsmart the Market [NY Times]

    What’s the market? The herd. What’s the only “way” you need? Wait out the stampede. However much it has slowed down, it has much more slowing down to do. Say another -37.5% in prices.

    “In Manhattan, about 65 contracts a month are falling through, according to reports collected by StreetEasy.”

    A 24.2% increase QOQ! Even though new contracts increased 5.2% QOQ, much more get broken so net new contracts are down, way down.

    http://tinyurl.com/26rv6r5

    But things are better in Brooklyn. Much better.

    “But for all the ways the real estate game has changed, with higher hurdles to jump and a longer course to run, many brokers say that the new data transparency and due diligence in financing have contributed to a healthier housing market for buyers and sellers.”

    No, not for sellers. Not the kind of “health” THEY want (cascading prices).

    ***Bid half peak comps***

  2. By Brooklyn Chicken on May 24, 2010 10:34 AM

    That WSJ article was quite a disappointment. Looks like the writer and photographer spent all of half an hour in Boerum Hill, walked up Smith and down Atlantic, before catching the LIRR back to Long Island.

    Agreed, it was an odd perspective.

  3. That WSJ article was quite a disappointment. Looks like the writer and photographer spent all of half an hour in Boerum Hill, walked up Smith and down Atlantic, before catching the LIRR back to Long Island.

  4. am i the only one who cracks up when people call snappy “Insert?” hahaha

    and im sorry but that times square river is mega lame. where the hell do these people come from!?

    *rob*

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