Corcoran Serving Value Meals in Brooklyn in May
In an effort to inject some sense of urgency among buyers, Corcoran is teeing up three Saturdays worth of neighborhood walking tours with special one-day incentives hidden at each stop: price reductions, renovation credits and closing cost discounts will all be used as carrots. (They’ll save the sticks for making the sellers lower their prices!)…
In an effort to inject some sense of urgency among buyers, Corcoran is teeing up three Saturdays worth of neighborhood walking tours with special one-day incentives hidden at each stop: price reductions, renovation credits and closing cost discounts will all be used as carrots. (They’ll save the sticks for making the sellers lower their prices!) Four walking tours are scheduled for this weekend: Bed Stuy/Bushwick, Clinton Hill/Fort Greene, Crown Heights and Williamsburg. Pretty smart way to leverage the firm’s scale, we’d say. Of course, it’ll only matter if it results in some deals. Park Slope down through PLG is set for May 16 with Dumbo and BoCoCa planned for May 30th.
“But you forgot to tell the CNBC story about foreclosed properties being destroyed (remember crops during the Great Depression) to control inventory/prices (my take) under the guise of protecting the quality of life of those neighborhoods (i.e. squatting, etc., their take).”
Oh yeah that’s right! Anyway have fun with the Retards but don’t tease them too much, they have sensitivity issues. ROTFLMMFAO!!!!
Team Bullshit where ya at?!?!?
The What (Throws packs of Skittles to the Bear Mafia)
Someday this war is gonna end…
Crunch? Damn! That’s anectodal fo’ yo’ ass.
“Six months of Life Support left”
Where do you get that from, unemployment and severence checks?
***Bid half off peak comps***
“The comparison to ticky-tack Nevada or Arizona is preposterous…”
No, it isn’t. Our prices still have excess fat that excludes the NYC-wow-factor but includes cheap easy Ponzi money.
“…but it doesn’t mean that white collar job loss, in law and finance, hasn’t hit brownstone Brooklyn.”
Therefore, it’s not prepostperous. -40 to -50 percent is the NYC equivalent to Nevada or Arizona.
“You three (Whuh, What & BHO…who we all know are actually the same) have been prdicting this shockwave and that brownstone (condos are a different story) prices will fall 50% or more for a very long time.”
It would have took ten years for a prediction of +200% made during the last trough. I have NEVER put a deadline on the bottom and I NEVER will. It’s a process, not an event and it’s on nobody’s schedule. (When all counterarguments fail, distract the bloggership with identity consipiracy theory.)
“BHO please don’t engage the Retards. The crash is WELL underway!”
You’re right, ROTW. I’m a chill. But you forgot to tell the CNBC story about foreclosed properties being destroyed (remember crops during the Great Depression) to control inventory/prices (my take) under the guise of protecting the quality of life of those neighborhoods (i.e. squatting, etc., their take).
***Bid half off peak comps***
Oh Sweet Jesus! Lookie Here!!!
Rich Default on Luxury Homes Like Subprime Victims (Update1)
http://www.bloomberg.com/apps/news?pid=20601087&sid=aXIKT1zzD4.g
May 6 (Bloomberg) — Chuck Dayton put down a quarter of the $950,000 purchase price when he bought his house in Newport Beach, California, in 2004. He was making $500,000 a year with his drywall company and he expected home values to keep rising.
Sounds like the the retards in “Brownstone Brooklyn” and the Asshead “Hedge Fund” Douche in Bed Stuy!
“Then the mortgage market collapsed, new construction stopped and builders no longer needed his services. Dayton, 43, went into default four months ago because he couldn’t afford payments on the three-bedroom home, located within a block of the Pacific Ocean. He hopes his lender will agree to sell the seven-year-old house for less than he owes to avoid a foreclosure.”
Translation: Please remove the Gerbils from my Ass!!!!!!!!!!!!!
Jumbo loans are larger than what government-controlled Fannie Mae and Freddie Mac will buy or guarantee, currently $417,000 in most areas. Jumbo lending slowed in the fourth quarter to $11 billion, or 4 percent of the mortgage market, the lowest quarterly figure since Inside Mortgage Finance, a Bethesda, Maryland-based trade publication, started tracking the data in 1990.
Nnnnnnnnnooooooooooo!!!!!!!!!!!! Ben Bernanke said “Everything is fine”
Defaults by subprime borrowers began rising in 2007. Since then, financial institutions that had bet on earning cash flow from home loans packaged into securities have announced credit- market losses and writedowns of almost $1.4 trillion, data compiled by Bloomberg show.
Hey dumbasses here comes the shockwave! This time you will not recover from this one! Game over!
“Home sales in the Hamptons fell 67 percent in the first quarter from a year earlier, the most since records were first kept in 1982, according to Town & Country Real Estate of the East End LLC. The median sale price slid 28 percent from a year earlier.”
I love when Rich people get shafted..
The What (Six months of Life Support left)
Someday this war is gonna end…
BHO: yes, correct. I was just pointing out that the lack of some of the extreme pressure we are seeing in FL, CA, NV, etc. doesn’t mean prices here won’t come down. Inventory here will always be lower, comparatively speaking, and prices here will always be higher.
“of course homes in prime brooklyn will always cost much, much more than homes in those other places”
Non-factor. Priced in before the boom. We’re discussing excess fat in prices. No?
***Bid half off peak comps***
BHO please don’t engage the Retards. The crash is WELL underway!
Lookie Here!
Crunch Fitness Files for Bankruptcy in New York (Update3)
http://www.bloomberg.com/apps/news?pid=20601087&sid=aMejTWlWn2Sw&refer=home
May 6 (Bloomberg) — Crunch Fitness, a gym operator with 73,000 members and clubs in six U.S. cities, filed for bankruptcy protection from creditors in New York, citing slowing membership and overpriced leases for some locations.
Yeah! The collapse of the Mutant Asset Bubble is well underway!
The What
Someday this war is gonna end..
You three (Whuh, What & BHO…who we all know are actually the same) have been prdicting this shockwave and that brownstone (condos are a different story) prices will fall 50% or more for a very long time.
First, too early is the same as wrong.
Second, I still see no evidence of an acceleration in downward prices.
Third, you’re all starting to look foolish.
“dibs, there will never be a flood of inventory like Nevada, Florida, California, etc. It just won’t happen. I am prepared to eat my own tie if we see anything like that in prime brooklyn.”
Have some Ketchup Dumbass! All those Condos will be on the market very soon at reduced prices!
“ps – of course homes in prime brooklyn will always cost much, much more than homes in those other places, even after whatever price drops are ahead.”
I love out of town Dumbasses! They have no clue on what’s next!
The What (Shockwave is coming)
Someday this war is gonna end..