Auction Time for 306 St. James Place
At the same public auction where 82 Cambridge is coming on the block, 306 St. James Place will also go to the highest bidder. This one’s not looking quite so cheap though. According to the flier, the opening bid for the four-story, two-family house is $1,400,000. It’s probably still a good deal at that price,…
At the same public auction where 82 Cambridge is coming on the block, 306 St. James Place will also go to the highest bidder. This one’s not looking quite so cheap though. According to the flier, the opening bid for the four-story, two-family house is $1,400,000. It’s probably still a good deal at that price, judging from the one interior photo, but we doubt it’ll end up going for a whole lot more.
Public Sale 8/13/08 [NYC.gov – PDF] GMAP P*Shark
82 Cambridge Place Coming Up For Auction [Brownstoner]
12:33am
“I hope you Asshats take that betâ€
Why do you care what bets the “Asshats†take?
If you are right just sit back and enjoy the show.
But your view “The Great Depressionis” is analogous to not living life because you know you will die one day.
Do us all a solid, be generous, live your life and die happy and leave the “Asshats†to the “Asshatsâ€
I have always said that there were grains of truth in what you were saying, but that you were hysterically over-reacting and vindictively and senselessly targeting people who are only trying to live a peaceable life in the city. For reasons you have neglected to elaborate on you hate me and anyone like (whatever that is–that’s the funny thing you know nothing about me but pretend like you do). It makes what you say leave the realm of slightly hysterically doomersterism and squarely into the terrain of “asshole who shits on everyone else for enjoyment” a particularly cruel invention of the internet. You would appear to be a bitter, lonely, soul-starved, hollow shell of an asshole.
When you write as DOW8000 as least you can engage with people reasonably. Whoever or whatever you are it is either performance art (which I would at least be able to appreciate) or a really fucked up excuse for a human being.
“Buy the house you need and don’t be side tracked by sour-grape posters who don’t have a pot to piss in.”
“rents go up over time, mortgages get paid down, you can take advantage of lower interest rates to refinance if necessary and particularly if you have outside employment which provides a reliable income you will make out quite well. We did and so did our neighbors. I don’t know or anyone on our block who lost a house to anything but divorce.”
I hope you Asshats take that bet. I willing to bet you will wind up in the Famous Asshole Quote page!
BTW While you are snoozing the Federal Budget Deficient is around 462 Billion dollars! What does this mean? This means Government borrowing costs are going to skyrocket. And guess what again? The Ten Year treasury yield is tired to the 30 year mortgage rate.
To Wasder: This the only time you a quote out of me.
“Thanks Mark! I have already bought the house. Haven’t moved in yet. There are valid points to what some folks are saying here. ”
I know why you have a hard on for me now. I am shiting all over your “Dream”. First you said you was “looking” in Asshats Hill and now you are saying you brought something, OK I wont go into if you are telling the truth.
Do you think I have something to say Wasder? Is my analysis flawed, crazy or nuts? My theories are based on historical examples, mainly The Great Depression! Don’t look at the messenger just listen to the message!
Save you time replying, I will not respond…..
The What
Someday this war is gonna end…
You Asshats you can call me “sour Grapes” all you want but very soon the Fucktards are going to run out of Ammo.
I agree with Mr. Swiss. Some posters have a particular point of view they wish to promote and they are posting their propaganda rather than participating in a rational exchange of ideas. Also their language and personal attacks have made this site much less fun to read. I’m not sure if they are trying to singlehandedly move the market for homes in Brooklyn or they are just ‘sour grapes fools’ as suggested above, but their posts are not worth reading. Also, many people start off with money tight between the mortgage and renovation costs, but guess what, rents go up over time, mortgages get paid down, you can take advantage of lower interest rates to refinance if necessary and particularly if you have outside employment which provides a reliable income you will make out quite well. We did and so did our neighbors. I don’t know or anyone on our block who lost a house to anything but divorce.
Thanks Mark! I have already bought the house. Haven’t moved in yet. There are valid points to what some folks are saying here. I have been reading up on opportunity costs for instance and that has been a helpful way to look at the issues. In this light my decision looks better to me in that there are a number of positive, non-monetary benefits of working out of my home.
wasder:
You should stop reading this site in regards to buying or owning real estate in Brooklyn. Brownstoner is populated with do nothing own nothing posters. These sour-grape posters are too stunted by anxiety to have bought anything in the past. These sour grapes fools were complaining in 1995 that a brown stone in park slope cost $350,000.00 now they are complaining it cost $1.5M+ they will still be living in there 500sqft studio complaining when a brown stone in park slope cost 5.5M+.
wasder:
Buy the house you need and don’t be side tracked by sour-grape posters who don’t have a pot to piss in.
My business is not one that will stress the house physically in any way so I am not concerned about that. That leaves a one bedroom garden rental to find a tenant for. Also, given that 30 year mortgage payments never change but rents keep going up, it is my assumption that in some point in the next decade or so we will be able to occupy three floors and just rent one.
And anyway, its a done deal so its all academic at this point. Good points though. In re 2 small floors 1600 square feet of living space, four bedrooms and two bathrooms sounds pretty good to me right now after never having more than 800 square feet to live in. Its all a matter of perspective.
My concern is are you really going to be happy being forced to share your house with a business (even if it is you) and a tenant just to make the mortgage every month, day in day out, for the next 30 years? I mean it all looks good at first, and then a couple years into deadbeat tenants not hacing rent money because they are laid off, bringing their noisy party friends over (which you cannot deny because they are actually allowed to by law since they have part of your property leasehold rights by paying rent right), NYC tenant laws, having to claim income on your taxes and pay self employment stuff just because you are having to let someone else share your house to make the bills. It can really get to you, especially if you are really stuck being dependent on that extra income in order to get by. I wouldn’t want to share my house with other strangers every day for the next 30 years just so I could squeeze into 2 small floors. But thats just me. To each his own. Something to think about though. Have you ever been a landlord in a pro-tenant state before?
I am saying that with the income I will make from converting one floor of the house to a professional space for me and renting one floor to a tenant (we will live in 2 floors) I am paying less per month than the two bedroom co-op I am moving from. That is all I am saying.
I wouldn’t mind being briefed on the concept of the opportunity cost.