Bubble Bursting?
Has anyone been watching the markets this week? Everyone is getting shellaced. I’ve already heard today called “Black Friday” and a whisper that Bank of America’s bond trading desk is down $150 million. The rest of the country has seen their housing market badly injured at best and we have all been holding our breath…
Has anyone been watching the markets this week? Everyone is getting shellaced. I’ve already heard today called “Black Friday” and a whisper that Bank of America’s bond trading desk is down $150 million.
The rest of the country has seen their housing market badly injured at best and we have all been holding our breath knowingthat our market follows the banks….
yeah, biff if at anytime you’d like to ditch amy and wife-of-out-of-work-husband-and-near-foreclosure-with-nanny, and join the REAL plastics, let me know.
12:45- so the Brownstoner bubble is leaking air?
I write this from under my cheap dining room table. It’s difficult to type sideways from the fetal position. Please stop trying to frighten me so that I can go about my life and look forward to my next “shellace”-ing.
Seriously, if you’re about to put your place on the market, stop watching the news. There’s probably some reason having nothing to do with the markets causing you to sell your place, and that thing probably won’t change based on what’s happening in the markets today or next week or next month. (I could be wrong of course, I’m just basing this on you referring to your soon-to-be-listed place; you weren’t asking if it should be listed.) You’re not going to be able to time it right no matter how hard you try, so just concentrate on getting the best price you can. De-clutter your place, remove extra furniture, clean it until it shines, and always remember that your broker is more interested in getting a deal done than in getting a deal done the very best way for you (the difference in commission is pretty tiny on that extra $20K they talked you out of holding out for). And good luck!
Biff, you’re cracking me up, as usual.
12:07- As you stated, you are in it for the long run. Not everyone has the luxury of such job or financial security. Youn are fortunate. The term “starter house/apartment” doesn’t exist for no reason. For many people real estate is a way to work toward the kind of home and garden that you enjoy. Also, many long term owners are people who have put the bulk of their wealth into their property and see at as an investment that can provide things like college education for their kids or even a means of support in their golden years.
Um….11:38 here. I thought that this kind of silly ranting was to be confined to the main pages of Brownstoner. This kind of discussion is always so puerile, so uninformed, so repetitive, and so utterly ugly. It was my impression that the Forum was for concrete issues related to the maintenance and renovation of brownstones.
I really think that Brownstoner is over. What a shame.
I agree with 12:37.
The answer is NO.
Hold on and never sell.
That was Bill Gottlieb’s mantra and he did quite well with it.
NOW can we move on to a relevant thread?
12:28 -Would you have been happier with; do you think it’s a good time to sell a house or apartment? It’s the same question.
12:28 – Um, this is NOT related to “seeking advice or services”.
this guy is always good when you want to scare yourself:
http://www.marketoracle.co.uk/Article1589.html