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]
CarrollGardens, what do you think the delistings mean?
I have noticed a little uptick/surge of buying here in Brooklyn at low prices in the last few months, spurred by low or rising interest rates, but I don’t expect it to last.
antidope dont take it out on others that you dont know how to read what you agree on. Be a big boy now, and read stuff when you are entering into a contract. Are you sure you understand all the wording there? That frosted Flakes decoder you have been using aint gonna work here in the real world. Get it?
MFN, I’ve noticed an increase in delistings lately. Many properties I’ve been following have lingered on the market for a long time, with no reduction in asking prices, and have been delisted seemingly out of the blue.
DIBS.
That comment made me so mad I almost ripped my computer monitor off of my desk and hurled it across the room.
I am so effin’ pissed off now!!!!!!!!!!!! 😉
That said, I think team bear posters are forecasting about 3-4 years worth of price declines like they are going to happen this month. So team bull will continue to surprise.
The real thing to look at is the number of delistings. Illiquid market.
if you two are going to use 2 homes as youre sample pool I would love to play either one of you in Poker. Its like trying to predict the basball season based on the first week of play. Brownstoner I would say the first 10 homes will be your first hint of how it works.
Posted by: brickoven at July 23, 2009 9:40 AM
You proposed, I accepted. I even gave you 10% leeway. Now you want 2 freebies. You’re a weasel as I suspected all along. But I’ll even give you that one too.
We agree it’s 1-0 then?
Me and The What are going to start offering OTC derivatives based on house of the day prices…. Gonna make Goldman’s AIG payout look like chump change.
Don’t get the statistical significance of 2 widget predictions. Out of a total of how many? Etc etc. Silly thread, Bstoner’s just baiting…
“Thanks for the data point FLH.
BO- that makes it 3-0.” Antidope said
Hey dope do you not know how to read?
“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?” I said
you should learn how to read before you jump to bigger things dope
Money For nothing…you need to relax and get some Chicks For free. You sound like a relatively sane poster here compared to the lot of them. I think you are taking things too seriously here. Within every one of these real estate threads, the adamant viewpoints of the Team Bull members contain a certain amount of “tongue in cheek” while the Team bear members seem to actually believe every bit of their dire predictions without ever pointing to any support for prices to be down 50-70% or “back to 1994” levels.
That said, we Team Bear, or Team Reasonable, seem tocbe able to continuously surprise the Team bear predictions on pricin and, have been doing so for quite some time.