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]
Ok, seeing it. Apologies, antidope.
That’s one smart jackal. Listen to him and you’ll learn something.
Thanks, Kens, I’ll have to go back and reread the posts. i didn’t even see brickovens post.
Dave, he actually thinks Market is smarter than Team Bear. He is wagering Brickoven about that.
I’m going to repeat this, just because it is right:
It really doesn’t matter what the buyer’s motivation is or how stupid or uninformed you may think he is. This is a very recent trade. Don’t fight it. This, as of the date this went into contract, was the market price. If you are of the view that prices are going down, this doesn’t mean you are wrong. A prediction means you think something will happen in the future. This price isn’t “wrong” – it is irrefutably the current market price. I predict that market prices will continue to go down for some period of time. That doesn’t mean they are already at whatever bottom I think we might reach — clearly they are not, which a fortiori means market prices are above where I think they will be.
That ostentatious place sure is deserving of mansion tax.
Clearly the idiots who bought these places are so rich that they don’t know how much money they have, just like all rich people. They are so stupid and rich that they have no idea what they bought, what the market is, or what it is really worth according to the good faith geniuses on this site. The buyers probably didn’t look at any other properties, don’t know Brooklyn, can’t count or add, or are ‘outliers’ of some kind. Maybe they’re French. Because clearly any indicator that doesn’t point straight down is always wrong for some reason.
antidope you said well over to me that would mean 10 percent or more. how about this i will make you a bet that the next 10 so that would not include these 2 will come in within 5 percent of the widget. 5 – 10 percent is nobody wins and 10 percent over you win? I lose i change my handle from Brickoven to loser until you give me permission to change it back. You lose you change youre handle to loser until I give you permission to change it back? 5 to 10 percent its a draw?
antidope thinks that Team bear is smarter than the market!!!!
Please, drop the “anti” part.