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
Public service, squaredrive. (and my agenda…Ssshhhhhh!)
“I have made a great deal of money on Brooklyn real estate and I have never thought like you.”
When/What did you buy/sell? What’s your timeline?
***Bid half off peak comps***
Give someone one compliment a day and they’re always looking for more.
Mortgage rates, DIBS. 10% is not far fetched at all.
***Bid half off peak comps***
Posted by: Brownstones Half Off at November 13, 2009 1:31 PM
ANd yet you didn’t describe the scenario that gets us there as I asked.
More BULLSHIT.
I could easily say “3% is not that far fetched” and not back it up. In fact the probability, based on statistics, is that it is more likely to get to 3% than 10%. But I prefer not to sound as idiotic as you are right now.
DIBS — that “someone” was me!! Goddammit! I shared what the box with the X meant… I might be a bitchy twat, but I am a source of good information and great ideas!
Here’s the link describing the spray painted boxes…
http://www.ushero.org/ushero/docs/es/nfpa/1670/nfpa1670_files/image004.jpg
You’re welcome.
Mortgage rates, DIBS. 10% is not far fetched at all.
***Bid half off peak comps***
BHO, It’s not so simple.
There are huge advantages to owning as opposed to renting. Of course that’s just me. I was brought up believeing that real estate and securities are purchased for the long haul. You sound more like a speculator who wants to make sure his money grows instantly so he can sell and then buy again. That sort of thing is very tricky and as an individual investor the cards are stacked against you. I have made a great deal of money on Brooklyn real estate and I have never thought like you.
“No recovery for years. Get used to a lower standard of living.”
Dude have a milkshake for lunch or something and cheer up!
Just curious, what reaction are you looking for with such certain doomsday predictions? Do you feel like it’s a public service or are you just entertaining yourself?
Minard,
Over time, RE slowly oscillates between overvalued and undervalued. The best buy is supposed to be cheaper than renting. If you want value, you have to look at rents. You can overpay all you want. The market has not bottomed yet. When it does, buying will be cheaper than renting (not just a carrying cost comparison but considering downpayment and resale as well – appreciation from purchase).
***Bid half off peak comps***