Strong Showing for 49 Rutland Road
Take that, market bears! Remember 49 Rutland Road?
Take that, market bears! Remember 49 Rutland Road? The four-story brick and limestone house hit the market last November with an asking price of $1,450,000. It popped up recently as being in contract on Brown Harris Stevens. The contract price, we hear, is $1,425,000. It took a few months, but that sounds like a pretty strong vote of confidence in the townhouse market to us. Or at least for PLG!
HOTD: 49 Rutland Road [Brownstoner] GMAP P*Shark
49 Rutland Road [Brown Harris Stevens]
Not only are people who went to the suburbs hating it and coming back, we know two couples who tried Queens and now want to come back to Brooklyn. I’m not being a basher, I think Queens is great and has some cool housing stock. I’m just describing these friends’ experiences.
Has The What been allowed to return because he helps drive up numbers of posts? I don’t get why he’s here again.
“So this phenomena only happens in NJ? It never will happen in Brooklyn right?”
New York City…or the bulk of it is an island. There is very little room to develop in NYC, and there is plenty of room in New Jersey in comparison. Brooklyn prices will fall, but not as much as they will/are in New Jersey.
Suburban living is becoming less and less desireable.
And if Brooklyn becomes cheaper, those people who moved to the burbs…which even you have to admit, MANY PEOPLE were priced out of NYC and headed to Jersey in the 90’s…they might consider coming back.
I know 3 who already have.
NYC prices coming down can only have a net positive on the city in the long run.
New York is increasingly separating itself from the rest of the U.S. As the U.S. becomes even more closed to the rest of the world, the only place that really seems to want to stay open is NYC.
And that’s why people want to live here.
The house at 72 Rutland Road that many people condemned for poor staging also recently closed.
Not sure of the price, but I think the last asking was $1.15, a big drop from the unrealistic $1.5 they started at.
Que my theme music… I was reading this story and I said to myself. Self people can’t go broke in “Rich Neighborhoods”. No it only happens in NJ.
TROUBLE IN LI PARADISE
http://www.nypost.com/seven/05122008/news/regionalnews/trouble_in_li_paradise_110497.htm
“Homeowners in the some of the toniest ZIP codes in the Hamptons are facing a frightening reality – they can’t afford to foot the bill for their high-priced homes, The Post has learned.”
Wow, wait a minute. I heard this before…. Wait it’s coming to me…
Hold on! These people make plenty of money!
* Janice Becker, a regular on the Southampton village social circuit, is facing foreclosure on her multimillion-dollar Wyandanch Lane property.
* Advertising veteran Ransel Potter is defaulting on a $1.8 million mortgage on an Amagansett parcel.
* Real-estate honcho John Conroy is in lis pendens for a $3.5 million mortgage on a Bridgehampton spread on West Pond Drive.
* Former UBS executive Marc Warren is in lis pendens on a $1 million mortgage for a Mitchells Lane pad in Bridgehampton.
* Investor Roger Thanhauser is trying to sell a home on Main Street in East Hampton village to avoid foreclosure.
Yep! Yep! Yep! This is fun!
The What (But.. They told me it was different)
Someday this war is gonna end…
The What said:
“I love how everyone jumps on me! It makes me feel good that I getting under your skin without cursing!”
It’s actually SO easy to get under the skin of people on internet blogs it’s not even funny or worth saying. I could post retarded things and get people worked up too. I wouldn’t put it on my resume like you apparently do, though.
I think it’s just because there was such debate over this house before, 12:37. And everyone has been asking for follow-up stories on HOTD’s.
Is it me, or is this a really bizarre cheerleading post from Brownstoner? I mean, whatever happened to “Open Houses…6 months later”? We’re reduced to, “Yay, one house in all of Brooklyn sold sort of near ask.”
You go off, What, because people call you on your errors and mistakes and you simply can’t handle that you may be making assumptions that are not based on reality.
Now go back to work, whatever that actually is.
“New Jersey is suffering its most severe housing collapse as we speak right now. Prices have fallen 15-20% and are expected to continue their decline into 2009. Prices will not hit 2005 levels again until approximately 2030.”
So this phenomena only happens in NJ? It never will happen in Brooklyn right? So NJ is contained, right! I think your computer monitor is too small, let me help you out.
Cognitive dissonance
http://en.wikipedia.org/wiki/Cognitive_dissonance
Cognitive dissonance is a psychological state that describes the uncomfortable feeling when a person begins to understand that something the person believes to be true is, in fact, not true.
The What
Someday this war is gonna end…