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
“I’ve been to Florence, Rome, Venice, London and Paris. So your point is well taken. I happen to be from a big city (Toronto)…”
LOL! And yesterday you were on here pontificating about Fourth Avenue losing its urban authenticity. Oooooh! Bloor Street, repreSENT!
Dude, you grew up in a freaking movie set. Spare us your lectures on “real NYC” from now on.
I have to wonder, if those who chose the suburbs love it so much then why do they get so defensive about it? Doth they protest too much? It sounds more like they’re afraid they made the wrong decision, sometimes, more than they actually love it there. Secondly, about the commute, you can’t only compare actual travel times on metro north vs. the subway. Hi, in the suburbs you have to include time spent in the car on the way to the train station, AND the time waiting for the train. The train does not come as frequently as the subways do in NYC.
I happen to be very open minded to living outside the city. We ourselves have these debates all the time, whether we’d rather live up in CT. I love rural settings. We just bought a house in Brooklyn. It’s lovely. But we’ll see how it goes. I just know this, if we decide to go to the suburbs it’s going to be only after we’ve fully confronted all the downsides of the suburbs. Not because we’re brainwashing ourselves that it’s the best place to be in the world. You sacrifice SOMEthing everywhere you move. Any dummy knows that. Pardon my use of “dummy” but this has been a dumb discussion.
re: the problem is, if you don’t act/look like like paris hilton or lindsay lohan , everyone’s a loser in the burbs.
Do you think that is so much different in NYC?
re: rich suburban lifestyle
some seem to imply that in 5years another 30-50% appreciation will be happen in Brooklyn, while suburbs will stagnate. Guess what: Then prime blocks are the well-off peoples ghetto.
If everybody wants to flock to Brooklyn, prices will go up and some can not pay for it. Will they take a rope and hang themselves or find a viable solution somewhere else.
If supply and demand work in favor of brookly, some will be priced out at some point
Disclaimer: I don’t plan to move out of PS anytime soon, but it is nice to know there actually is an alternative and NYC is jts 40min away on a train, 10 min more than I need get into Manhattan
Beacon’s great. But it is not a suburb of New York any more than Philadelphia is. If you can live and work there, fine, but a daily commute to NYC would be soul-killing.
webster, how about the over/under on 200 posts?
3:59.. Thanks for your comment, beacon is AMAZING. looked there, loved it, and while we didn’t end up moving there we settled elsewhere in the Hudson Valley. People don’t know Beacon is only a little over an hour (express) on Metro North. Amazing water front spot, DIA, etc.
The words that ring most true, as someone posted earlier, there IS in fact life..after brooklyn….
I grew up in Brooklyn and it was great in many ways, but my fondest memories of childhood are all at our country house, playing outside in the woods and down at the lake. My parents took me to museums and all sorts of other cultural stuff, but I’m darned if I remember it.
I’ve spoken to 5 people who grew up in the area I am looking at and they all loved it. Loved living near woods and hiking and biking and lakes and pools, Loved the sense of community. Loved being able to go into the city on weekends. Loved the schools One person said it was the “perfectly balanced” childhood. Sounds good to me.
Well folks, I can say at least one thing here with absolute, indisputable certainty:
John (9:54am) has won the over, as my post here would appear to be post #150.
😛
Beacon is a city located in Dutchess County, New York, USA. Although the city’s estimated living population is around 16,000 people, the 2000 census placed the city total population at 13,808.
sounds lovely, but i had about 1/4 this many people in my high school.
comparing this to nyc is rather far fetched to say the least.