Co-op of the Day: 449 9th Street, #2F
This one-bedroom co-op at 449 9th Street is very cute. Great brownstone-y moldings and parquet floors plus good natural light. The major negative is the size of the bedroom, which appears to be just a standard single-windowed side room. Still, for one person, this could end up working quite nicely. Do you think they’ll end…
This one-bedroom co-op at 449 9th Street is very cute. Great brownstone-y moldings and parquet floors plus good natural light. The major negative is the size of the bedroom, which appears to be just a standard single-windowed side room. Still, for one person, this could end up working quite nicely. Do you think they’ll end up getting close to the asking price of $389,000?
449 9th Street, #2F [Warren Lewis] GMAP P*Shark
Dave,
We should have made it our 2010 resolution to ignore BHO.
Literally I think me, you (and sometimes antidope) are the ONLY people left who even bother to respond to him.
The rest have gotten smart and ignore him.
Did anybody see this cheery article in the Telegraph?
– http://bk.ly/bjc
“America slides deeper into depression as Wall Street revels
December was the worst month for US unemployment since the Great Recession began.
. . .
The stock market has become a lagging indicator. Tear up the textbooks.”
real estate is like stocks in that one make money if one got in at a good price. buy high and hope it goes higher is for the dreamers. since there’s no such thing as a NEED TO BUY, there’s no need to rush in. wait out the mkt till you see prices go up then think hard if you can afford to buy and/or want to buy.
no one is preaching renting is better than owning on a FOREVER basis. simply that NOW is better to rent and wait out the mkt then consider buying later.
no mortgage is not living for free. I have no mortgage and I’m paying a maintenance fee that’s probably increasing again this yr
There’s one more option: wait and save appreciating dollars (deflation) and put more $ down on a cheaper house.
***Bid half off peak comps***
Posted by: Brownstones Half Off at January 13, 2010 4:12 PM
ROTFLMMFAO
“Not far fetched at all. I’ll keep basking in reality, 11217.”
But that’s the point. You AREN’T basking in reality. Reality is that a similar unit in this building sold for 410K in August and another for probably about the same or more in November.
Your 37% PREDICTION is not reality. It’s the musings of a half crazy person.
So far, you’ve been so wrong about this bust that I don’t know why you think anyone here should listen to you.
REALITY is that this place is probably going to sell for close to ask, then you will pretend like it never happened.
Just like you do EVERY time actual data is presented.
At 9.5% mortgage interest rates the monthlies on this place @ $245,000 are the same as it is now @ $389,000.
Now now… I’m not saying that rates are going up to 9.5%. But, you gotta think that an increase of a point or two would have a substantial affect on prices, no?
If prices fell another 40%, I think we’d see half the world try to get in on some NYC real estate action.
245,000/(10 x 12) = 2,042/mo rental
245,000/3 = 82,000/yr median income
Not far fetched at all. I’ll keep basking in reality, 11217.
***Bid half off peak comps***
Neither DMM or UMM exist anymore.