House of the Day: 193 Washington Park Price Cut
“Ridiculous,” “Give me a break,” and “This will sit for a long time” were some of the comments from readers when we first featured 193 Washington Park as a House of the Day back in early November; at the time, it was listed for $3,875,000. Looks like the commenters were right: After a couple months…
“Ridiculous,” “Give me a break,” and “This will sit for a long time” were some of the comments from readers when we first featured 193 Washington Park as a House of the Day back in early November; at the time, it was listed for $3,875,000. Looks like the commenters were right: After a couple months of no love from buyers, the asking price for the 6,500-square-foot brownstone overlooking Fort Greene Park was cut last week to $3,625,000, a price that still seems like a stretch in the current environment. Think there’ll be any takers for the 25-footer at this new price?
193 Washington Park [Corcoran] GMAP P*Shark
House of the Day: 193 Washington Park [Brownstoner]
You are all going to lose this war!
The Scut
8:47 = bonkers broker
You are all going to lose this war!
The Scut
For 7:22:
* http://www.cnbc.com/id/22200749/
“As we all eagerly await the Fed decision at 2 pm today, I want to just clarify what exactly a rate cut will and will not affect…”
“Subprimers: Nope. Unfortunately if you have a subprime ARM it is more than likely pegged to LIBOR, which has moved in the opposite direction. Because of the liquidity issues in global financial markets, LIBOR rates have actually increased at the same time that treasury and other benchmark yields have been declining, so the Fed lowering rates today would not help too many subprimers.”
Its not the brokers who are going bonkers its the rest of you motherfuckers.
So, you are saying if we were still in 25% gain territory the seller wouldn’t have waited until they got something close enough. Regardless of market? We’ll see if that cut will be the last.
“The significant cut in the prime rate is very favorable for the real estate business. It will help with the sub-prime problem.”
Actually, the effect it will have on the sub-prime problem – if any – will be negligible.
This house was so overpriced from the beginning that it would not have sold even in the most robust market. To see its price cut is not reflective of the market, but of an arbitrarily high listing price that does not attract buyers and needs to be adjusted, REGARDLESS of the market.
8:09 here. Meant 7:54 not 7:51.