Is It a Buyer's or Seller's Market in Townhouses?
Here’s an email we received from a reader this week: I was hoping you could foment some sort of discussion on the summer brooklyn townhouse market. I can’t really figure out what’s going on. It seems like a lot of stuff is left over from the spring, but then some great stuff just flies off…
Here’s an email we received from a reader this week:
I was hoping you could foment some sort of discussion on the summer brooklyn townhouse market. I can’t really figure out what’s going on. It seems like a lot of stuff is left over from the spring, but then some great stuff just flies off the shelf. I’ve been to dozens of open houses the past few weeks, some are empty, some are thronged. I can’t tell if it’s a buyer’s market or a seller’s market. It seems like a lot of people are waiting for the fall to see what comes on the market. What’s your sense?
Seems to us like there’s not a lot of good inventory and that buyers aren’t desperate enough to go for the crap. Your thoughts?
Photo by Da Nator
What the hell? What about anything I have said makes you think I am lying? I’m sure it does not occur to you in your blinkered existence that, like other people with jobs, nannys need a guaranteed weekly paycheck. They can’t be sent off at their boss’s convenience when cost cutting is in order.
Is 400 supposed to be a lot of money.
That’s a jr vp at a bank, a couple of years out of grad school
and what about your supposed out of work husband?
he’s not fit to take care of the kid??
(insert your next lie here…)
You know, there was a time when we could be sure the above post (repeated below) was a joke. I expect that time to return. As it is, we can’t be sure. A year ago, this was standard operating procedure.
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We just closed on a great house off PPW. It was close to 3.2mm. We got a great and very creative mortgage from a guy we met at the dog run! (Don’t you love NYC?!) Problem is, my husband and I make about 95k a year when we’re both working and right now, I’m at home with my 1yo (we NEED to pay Stay at Home Moms like they do in Europe!!!).
I can’t help thinking it’s a great investment, but yes, if things don’t change financially soon for us our payments are going to be hard to make and REALLY hard to make when rate increases in December.
But we can sell if things get too bad. Fingers crossed!!!
I have a nanny because I work asshole.
so your husband is out of work and you still have a nanny!!!!!???
god, if i weren’t gay, i’d LOVE to be your husband.
what a life!!!
12:58 first i’m signing off, then i’m back on. even more suspicious.
And clearly you are unfamiliar with the work-for-sanity-hand-over-paycheck-to-nanny phenomenon of early motherhood.
i think it’s an urban legend that the wall streeters are keeping the nyc housing market alive these days.
i don’t see it.
Not everyone on Wall St work in a mortgage related business. Even if the bottom falls out of housing, there are plenty of other areas that i-banks make huge money.