Who's Gonna Buy This Stuff Now?
We can see how a few naive souls might have been induced to buy this type of thing back when the market was frothing but, seriously, who’s going to step up at this point in the market? Are these the squats and crack houses of the future? $645000 DON’T MISS OUT!!! Crown Heights [Craigslist] $799000…
We can see how a few naive souls might have been induced to buy this type of thing back when the market was frothing but, seriously, who’s going to step up at this point in the market? Are these the squats and crack houses of the future?
$645000 DON’T MISS OUT!!! Crown Heights [Craigslist]
$799000 New Construction 3 Family! Bed Stuy [Craigslist]
$699000 New 3 family 3/3/2! Bushwick [Craigslist]
Brokers’s houses, on average, stay on the market longer. See Freakonomics.
I’ve never sold a house but I would guess that brokers would lie to clients about how much they can fetch for a house, then encourage their clients to take the first offer so they can get their commission.
^^^^ Sums it all up. Lets move on to another post and rip on Brownstoner.
“Ignorance know no bounds.”
– what
Thank you for the self-assessment. No one else would have ever guessed it.
“There has been no “Crack Houses” for years. All operation are conducted in the street. Crack houses are a relic of the 80’s!!”
– what
You are dating yourself, what, but weren’t you doing crack in the 90’s?
And where are your posts on all things mutant? You are slowing down in your old age.
I’ll buy that for a dollar.
Sorry – meant to say “less than pristine Brownstone” in the last point
Who is going to buy them? – The same people that would have bought them when the market was frothing – families looking for a nice place to live and rental income to help support it —- just now they will probably be able to pay a more affordable price. Isnt that what we want – affordable housing?
I have to wonder when Brownstoner is going to get tired of posting these IMHO dumb posts
– 1st of all no matter what they look like on the outside the most significant thing to someone looking to buy a home is what they are like on the INSIDE – since thats where you do most of your living. And while these may be bland and ‘cookie-cutter’ on the inside – the reality is while a well appointed Brownstone may be gorgeous to look at, many are poorly laid out for modern families.
-2nd no matter how crappy constructed these are, the upkeep will be significantly less than a 100+yr old Brownstone that you’d be able to buy at anywhere near these prices. As a Brownstone owner I can’t figure out why Stoner constantly posts as though Brownstones are low maintenance housing – they are not!
-Finally most of the crackhouses of the past were Brownstones not new construction – ironically because moderate income people cant afford the upkeep on the money pit that is a less than pristine money pit – and I doubt that is going to change now.
If someone does buy any of these properties, they will turn them into an SRO all it takes is some drywall. You would be amazed how they can pack them in at 100 bucks a week.
I’m guessing borker’s overprice in order to get the listing.
Question: Would the rents on these places be profitable at these prices?