Big Turnout for 437 Waverly Auction
There was a big turnout and lots of bidding yesterday at the auction for the shell of a house at 437 Waverly Avenue in Clinton Hill. The first round of bidding was done privately on paper, with the highest bid coming in at $415,000. At that point, the public bidding started at $415,000 and quickly…
There was a big turnout and lots of bidding yesterday at the auction for the shell of a house at 437 Waverly Avenue in Clinton Hill. The first round of bidding was done privately on paper, with the highest bid coming in at $415,000. At that point, the public bidding started at $415,000 and quickly worked its way up to a winning bid of $540,000, well above what we thought it would go for (and far above the pricing widget average of $382,448. Surprised?
Waverly Shell Coming Up for Auction [Brownstoner]
437 Waverly Avenue [Brooklyn Properties] GMAP P*Shark
buy randomly? Well, buy when you need to, buy when you feel you have found something special. Yes. I guess that is my advise. I have not made millions and millions don’t get me wrong. But I have made as much on real estate as at my job. I’m keeping both.
On another note, I want to say how much more pleasant it is around here without the zip code poster. So nice not to be called names or told you have a missing chromosome by some dullard who can’t find another way to express his thoughts.
Minard,
Buy when? Randomly?
What’s your score? How many properties, when bought/sold, etc? I guess you bought in the late 80’s, held, looked back from now and kept a nominal score without adjusting for grand total costs and inflation. You still may be ahead but you lucked out and rode the tidal credit wave of the 00’s. Try repeating it now near peak comps. You will lose. This is a once-in-a-lifetime boom/bust.
***Bid half off peak comps***
DIBS,
I couldn’t watch the pigeon video because it wouldn’t play on my work computer.
🙁
“For ne thing, VIX is 23, down from 80.”
Tied to government/central bank manipulated equities. Little to do with what we’re talking about and the sale of 435 Waverly.
Keep pumping while others are dumping.
***Bid half off peak comps***
Once, twice three times a lady.
I like to receive THREE compliments per day.
“Inflation, repricing of risk.”
Too much FOX News. What you know about pricing of risk wouldn’t get you the price of a cup of coffee.
For ne thing, VIX is 23, down from 80.
The secret is to buy and weather the down cycles. It’s what separates the kids from the grownups. At one point I was half a million under water. Fortunately I did not have to sell or declare bankrupcy, I held on. I didn’t rely on my home for income. Once out of that dark cycle, it became all roses and lollipops.
“ANd yet you didn’t describe the scenario that gets us there as I asked.”
Inflation. Repricing of risk. How the hell will they go to 3%?
***Bid half of peak comps***