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]
So here’s a question for those who are renting….
Do you actually plan to take part in this bust? Since prices are going so low, does this mean you will actually get off your asses and buy something while the gettin is good?
Or does it simply mean you will continue bitching? And in another 5 years will you still be sitting on the sidelines, waiting for that perfect 400k Brownstone along Prospect Park West?
Just curious. I want to prepare myself.
There is so much skepticism it has got to be going higher.
$3.6 million for a 4-family??? HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA
6:53 I believe the question being asked is not if you wait long enough will you survive being underwater in what is generally your largest financial investment. Time heals all wounds. Is this house worth the posted asking price? Not today it isn’t. Maybe it could have been if the bubble continued and probably will be in five years, but not today.
Sorry 6:57 pretty tame. Up 50% in 20 years is not exactly uh, like Coney’s Cyclone.
http://mysite.verizon.net/vodkajim/housingbubble/new_york.html
Charts in above link look nothing like Amazon at turn of decade. Prime residential in Fort Greene like this gem should be fine.
6:40 – that is true though, we knew several people who bought in the 80’s before the crash and waited years til the market came back to that level. But as someone else was saying we were living here and raising our kids so it all worked out ok
http://mysite.verizon.net/vodkajim/housingbubble/