HOTD: BHS Cuts Again, This Time on Willow
Brown Harris brokers have really been trimming prices so much recently we wonder whether there was a firm-wide directive from above! The latest reduction is a beautiful house at 124 Willow Street, one of Brooklyn Heights’ best blocks. The sales pitch on this one is conversion back to a one family. The five-story house, though…
Brown Harris brokers have really been trimming prices so much recently we wonder whether there was a firm-wide directive from above! The latest reduction is a beautiful house at 124 Willow Street, one of Brooklyn Heights’ best blocks. The sales pitch on this one is conversion back to a one family. The five-story house, though vacant, is currently chopped up into six market-rate apartments. We’re curious to know more about the “soaring loft space” boasted about in the listing. Dig that ceiling. Has anyone been inside?
Willow Street: Convert Me! [Brown Harris Stevens] GMAP P*Shark
> I may have missed a few thing, but
> I think I have him pegged.
Wow, your human assessment skills are almost as bad as your real estate acumen.
Work all the insults and rationzalizations you want (and ignore all the stats), but they won’t make you any less of an idiot for having bought in this market.
But, hey, I can’t complain. The more suckers there are, the better the rest of us do…
Let me size up Eddie Wilson…Let me know if I got it right.
Rents a 2 bedroom with 2 other people.
Is angry that he can’t scrape together the downpayment and is jealous since many of his friends who bought in the 90s and have experienced triple digit increases.
Would love to move out of NY, but can’t find his type of work in South Carolina.
Has never lived abroad. Doesn’t travel much outside the US.
Has been waiting for a housing downturn for the last 12 years.
Wrote his senior these on “Reversion to the mean of correlation factors between income and housing prices”
I may have missed a few thing, but I think I have him pegged.
> You aren’t losing money on a
> property unless you are planning to
> sell it short term. Not a short
> termer, then now is the time to buy!
More moronic advice.
If you buy it today, and you could have bought it next week for 20% off, you did lose money.
You can’t play the “paper loss” game when you have a huge mortgage and you’re paying for your loss in oh so many ways.
Being stupid is being stupid, no matter how much you pretend you’re in it for the “long term”.
> If you check the last 50 years in
> the New York City real estate
> market, every downturn has turned
> out to be a buying opportunity.
Downturns might be buying opportunities, but only an idiot buys at 5% off when the market will be at 25% off in 6-12 months.
“A bargain about to be a bigger bargain is no bargain at all.”
> Anybody that knows New York knows that there will always be
> tremendous demand for real estate.
That is already factored in at $750 a square foot. Or $1000 a square foot.
But that doesn’t mean paying $1500 a square foot anything short of stupid.
Overpaying is overpaying.
> In the long run it will eventually go up.
A really stupid investment strategy. If it takes ten years go go up, then you lost *serious* money in real terms.
> I remember the last time the buyers became nervous about pulling the trigger.
> People were selling left and right and you couldn’t get anybody to even look
> at your house. That was the six months after 9/11/01. (That turned out to be
> the biggest buying opportunity in the last 10 years.)
Anybody who bought in 88 aftera 5% decline looked like a moron when they went on to lose another 20%.
Just because it went down doesn’t mean a bottom.
Amateurs, don’t try and pretend you get it.
> I don’t know about the rest of the country, but in NYC there are
> 5 potential buyers for every property on the market.
Unless they make an offer on your overpriced apartment, that does you no good.
Rationalize all you want, anybody who bought in the last few months was a sucker.
There are two types of people in the Big Apple… those who own and those who wish they owned. Those who wish they owned can’t say enough about the bleakness of the market because they haven’t bought yet. For certain though, they are looking to buy. I wouldn’t be surprised if they haven’t already put in a few low ball bids around the place. They talk negatively because they know that’s the only way that they will even own.
If you’re thinking about buying, do your research, shop smartly, and recognize that this is and will probably be the best opportunity to buy in the Big Apple in the next decade.
when did homes become investment vehicles and not a practical thing to live in and raise a family?
do not buy now!!!!!!
this is the tip of the iceberg in price reductions you will be rewarded for your patience
Ask anyone who bought during the last “downturn” if they regret buying. Nope..not a one.
You aren’t losing money on a property unless you are planning to sell it short term. Not a short termer, then now is the time to buy!
oh too be young and foolish.
i have granite ct’s and ss appliances
i am so cool. i am also losing money by the day as my overpriced albatross
decreases in value.
aint life grand,
you suckers drank the kool-aid or starbucks for that matter
oh too be young and foolish.
i have granite ct’s and ss appliances
i am so cool. i am also losing money by the day as my overpriced albatross
decreasing in value.
aint life grand,
you suckers drank the kool-aid