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
Yeah, I read about that a while back, ‘dope. But isn’t there a short-covering risk? From what I recall, you have to get the timing right. There’s one more option: wait and save appreciating dollars (deflation) and put more $ down on a cheaper house.
***Bid half off peak comps***
“BHO..if they haven’t dropped that much by now, it just ain’t gonna happen.”
Didn’t work like that after 1987. Won’t work like that now. There’s no deadline for the collapse. It’s on nobody’s schedule. Especially when temporarily but futilly life-supported by Washington/FEDS.
***Bid half off peak comps***
So you think that when the crash is complete, this 1 bedroom in PS is going to sell for $245,000?
LOLOL
Keep dreaming.
And most buyers actually sell, 11217.
Another -37.5% is consistent with half off, 11217.
***Bid half off peak comps***
if you are a serious buyer that is simply afraid of a double dip or second gd, there is an option. buy dmm for an amount equal to your dp. see http://bk.ly/bjb
BHO..if they haven’t dropped that much by now, it just ain’t gonna happen.
Pull your head out of the sand or your ass or wherever it is.
You only lose if you sell, BHO.
You come at the entire home buying process as if everyone is a flipper.
Some people buy to LIVE in their home. Your comments have become so useless, I don’t even need to respond to them anymore.
You expect home prices in Brownstone Brooklyn to drop another 37.5%??
Are you on crack?
“When you factor in the tax deduction, it’s cheaper to own this place than to rent.” – 11217 @ 1:24
Not if the value drops -20% or more by the time you sell (say 36 months later). You’d at least lose a 20% downpayment. Total effective gross monthly cost would be 4,161/mo compared to renting at 2,000/mo. Net cost not much different after tax deduction and principal paid are offset by interest, fees and miscellaneous costs. But, as you know, I predict values to drop another -37.5%. The celebrated tax deduction is an overrated hook to snag the oblivious buyer.
***Bid half off peak comps***
“Who takes 40 years to pay off a mortgage???
Posted by: daveinbedstuy at January 13, 2010 1:48 PM”
Poor people. I hate poor people. They’re so….poor…
ps I don’t hate poor people – it was just a quote from a movie that I forgot the name of.