Quote of the Day
I’m sorry, but a house like this is not 100 shares of some under performing stock. It’s an historic piece of Brooklyn, built for the daughter of one of Bklyn’s big shots, and a fine example of eclectic turn of the century architecture. There are no other houses like this in CHN. The interior is…
I’m sorry, but a house like this is not 100 shares of some under performing stock. It’s an historic piece of Brooklyn, built for the daughter of one of Bklyn’s big shots, and a fine example of eclectic turn of the century architecture. There are no other houses like this in CHN. The interior is full of first quality period detailing, and the entire property could be someone’s dream home, a wonderful place to raise a family, or grow old sitting on the porch. I really hate it when a place like this is reduced to a calculation of percentages, and formulas for tossing it around like a bean bag. The amount of time, money, research and heartache the guys who lost it put in shows that a house is more than just the price, or the comps. It’s also an emotional, physical reaction to a potential home. That is so often totally forgotten here.
— by Montrose Morris in 1094 Park Place Finally Sells
“This is of course the primary aesthetic criticism of usury. It is no coincidence that aesthetic value of real estate rapidly declined after 1929.”
Polemicist this spot-on!!! The Hyper love started in the Mutant Asset Bubble and when it finally implodes things will go back to normal!
The What (Throws Polemicist a box of skittles)
Someday this war is gonna end…
This is of course the primary aesthetic criticism of usury. It is no coincidence that aesthetic value of real estate rapidly declined after 1929. This house, and all the beautiful houses in Brooklyn, were built in the days when homes cost one man’s annual income or perhaps twice, and mortgages were never more than 50% of the value. The buyer, with money from his own sweat and brow, had much greater say regarding what he spent his money on.
oh come on. the only reason we’re talking about it’s price is because it was FOR SALE.
i cant believe MM threw in a beanbag reference :-/
*rob*
I hope they landmark that house. it is a sitting duck.
Very well put MM. We are trying to close on a place right now. And the emotional investment, the difference between home and house, is the huge unacknowledged element. And the thing that makes buying real estate unlike any other transaction.
This is where I post the same inane comments I posted all afternoon.
I agree, MM – and can’t imagine how awful it must have been to lose this place.
OH G-D!!!! NOT AGAIN!!!!!! Jon! Jon! She’s difficult enough now!
Other than that- she is exactly right.