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]
“So far we have precious few data points on the predictive powers of the pricing widget” Brownstoner said
so we are looking at the predictive powers of the the widget. The widget tries to predict what a house is worth. 2 homes that the widget has been used for have sold. The sample size is 2
no it’s a “lifestyle decision” that causes everyone else who just wants to live comfortably “pay for”. rich idiots plopping down two million dollars for a crappy house like this one make it harder for everyone else.
*rob*
Brick-
I am sorry if you had difficulty understanding my reply.
By your response I assume you have passed a Stat 101 class.
Instead of calling names please give us your expert take on this. Please stick to the details of the post and not your assumptions.
Why is it that so many of you can’t understand that many people just want to own a home for the long term and have enough money to pay for what they want when they find it??? People have money, maybe you don’t but many people do; and they spend it the way they want to.
Serious buyers aren’t going to wait for an additional 10% loff that may or may not happen. Unless you’ve owned your own home and have done so for many years, i suspect that many of you non-homeowners just don’t understand that.
It’s not always weather it makes economic sense in the short term, its a lifestyle decision that you pay for.
wrath you are the dumbest person on this thread now. Go take a stat class before you even try to talk to me about this again.
No brick – the post is about Brownstoner claiming that he was correct in stating that the owner would get close their asking price. He then goes on to show the lower widget price. In this case he is correct and his claim is more than valid given the number of responses. If he made a bold statement such as “based on this house the predicted widget price will be off X% on futures sales”, well then the sample size would be 2.
Don’t look at the big picture here. He is not predicting anything about the future accuracy of the widget.
dave its a little early in the morning to be drinking no?
wrath i honestly have no answer to you. hahaha.
on the other hand, it’s a fugly tiny house with just three small windows on a boring block in suburbia. blah
*rob*
brickoven continues to ignore the actuals maintaining that the ship will hit the iceberg even though it is passing it day in and day out with actual sales.
When you’re trying to navigate through uncharted waters, you don’t use the rear view mirror.