Bearish Brownstoners Miss Mark on 2nd Street Sale
So far we have precious few data points on the predictive powers of the pricing widget. For a while, the only HOTD or COTD to sell was 316 Cumberland Street, which sold for $2,250,000 in June, a shade less than the asking price of $2,295,000 but almost $360,000 more than widget voters predicted. And now…
So far we have precious few data points on the predictive powers of the pricing widget. For a while, the only HOTD or COTD to sell was 316 Cumberland Street, which sold for $2,250,000 in June, a shade less than the asking price of $2,295,000 but almost $360,000 more than widget voters predicted. And now our second data point shows an equally bearish disposition: 93 2nd Street, which generated a predicted selling price of $914,379, just closed for $1,086,312; in our defense, we said at the time that “We could see it getting pretty close to” the asking price of $1,125,000. Interesting, eh?
House of the Day: 93 2nd Street [Brownstoner]
“Its because people are entering the price they WISH properties were selling for, not what the actually think the seller can reasonably expect in the market.
Posted by: clintonhillbuyer at July 23, 2009 10:00 AM”
Pretty much this and the comment that the price is the price and not something else are pretty much all you can say about this. Everything else is just silly arguing about What’s (and everyone else’s) ego.
Kens, OT action is great too.
Man I want to go grab lunch but this is tooo good to miss.
M4L, you must be lovin’ this. Probably forgot what ESPN is by now :o).
LOL, ENY.
Seriously I cant belive you 2 spazzed out with your alter egos in front of the World Wide Web.
keep banging
11217, welcome back. “you” were back last time but think you left the venom at BA. Glad to see you’re spitting fire again.
Another intelligent discussion.
“Commercial RE is gonna devour FDIC.”
Did hear what Bernanke said about that?!
Bernanke Says Commercial Property May Pose Risk for Economy
http://www.bloomberg.com/apps/news?pid=20601068&sid=a2mAhkgbWDXc
Bernanke, testifying before the Senate Banking Committee today, urged lenders to modify “problem†mortgages to avert defaults. Christopher Dodd, the Connecticut Democrat who chairs the panel, told Bernanke that “some have suggested†the commercial market “may even dwarf the residential mortgage problems†in the U.S.
Notice the empty Circuit City space at Atlantic Center! There are several empty spaces there and no one is in a rush to occupy them.
Hey Brownstoner where is that house on Washington you was going to post liar!
The What
Someday this war is gonna end…
I guess the What is West Indian, huh?