712 Degraw Sells for $1,150,000
sold Six months and one price cut after it hit the market, the three-story house at 712 Degraw Street in the Lower Slope closed for $1,150,000. The listing said that the interior was in “great shape” and had “lots of detail,” in which case it sounds like a decent deal. Most interesting of all, the…
sold
Six months and one price cut after it hit the market, the three-story house at 712 Degraw Street in the Lower Slope closed for $1,150,000. The listing said that the interior was in “great shape” and had “lots of detail,” in which case it sounds like a decent deal. Most interesting of all, the deal was struck “post-Lehman,” on November 6, 2008 to be exact.
House of the Day: 712 Degraw Street [Brownstoner] GMAP P*Shark
712 Degraw Street Listing [Leslie J. Garfield]
“cornerbodega, if DIBS bought a brownstone he loves in a neighborhood he wants to live in and expects to be there long term, why was it a bad call?”
because its clear from his posts that Dibs main concern is the valuation. Thus, valuation falling off a cliff = bad call for dibs.
cornerbodega…if you’ll agree with shillstoner that collapsing means that virtually everything is down about 30%…PLEASE pull your head out of your ass and show me where this is true.
Buying your primary residence is always a good call, cornerbodega. When you grow up you will learn that.
Yes, Dibs, my logic is flawless. I agree.
I bought a brownstone in an area I adore and I will always be happy with that decision–even when it is worth 40% less than it was last summer.
“PWNED”
Dave/What – Please define. Thanks.
***Bid half off peak comps***
Kris, theres a thing called bubble. Do you at least acknowledge that? When bubbles burst it goes back to fundamentals. When nycs Price to income ratio gets back to “norms” then you might be able to argue some stability. This is not difficult unless you’re ignorant and/or delusional.
“…if prices crater but rates are back up to 7% you’re screwed on carrying costs.”
Nope. Savings don’t stop/won’t stop (and it goes up faster than interest rates, unless of course my wife AND I get laid off). More money down on a cheaper house. Carrying costs the same or less.
Next! (don’t have time right now for your “comparable townhouse” project, Joist, but I’d love to take a crack at it when I can)
***Bid half off peak comps***
cornerbodega, if DIBS bought a brownstone he loves in a neighborhood he wants to live in and expects to be there long term, why was it a bad call?
BRG – no, that was just a typo – what I meant to say was: that does NOT mean “I don’t know how to buy a house”. I *do* know how to buy a house, thank you very much.
“Is the market really “collapsing” shill. Where’s your evidence please.”
With comments like this can you really have an intelligent discourse with Dibs? I mean, Dibs, really? You really are that oblivious? Look dibs, I’m sorry that you speculated in Bed-Stuy and psychologically its tough to accept. At some point you just have accept that you made a bad call, its good for the soul.