House of the Day: 145 Bergen Street
From what we hear, the market for nice houses in Boerum Hill is still pretty tight. And compared to some houses in the area that have been on the market recently, the $2,000,000 asking price for 145 Bergen is not particularly high. That said, there are too many question marks with this place to feel…
From what we hear, the market for nice houses in Boerum Hill is still pretty tight. And compared to some houses in the area that have been on the market recently, the $2,000,000 asking price for 145 Bergen is not particularly high. That said, there are too many question marks with this place to feel optimistic about its chances of selling at this price. The house had its last major makeover back in 1968 and, given the fact that it’s a four-family rental, it’s unlikely that the interiors are in great shape. (The lack of photos lends credence to that theory.) Has anyone been inside this place?
145 Bergen Street [Craigslist] GMAP P*Shark
Why do you think the renters are bitter?As I said above, I’m not bitter I rent — I’m content. I’ve lived in much better apartments, with lots more space, than I could have ever afforded to buy. I’ve had to deal with zero hassles in terms of maintenance, etc. — that’s been the landlord’s responsibility. And I’ve saved lots of money. Sure, if I could have afforded a brownstone in 2001 I would have been glad to buy it, but I couldn’t. That doesn’t mean that now I can afford one in 2007, I should buy one. Why does stating the truth — real estate in Brooklyn is seriously overvalued, and no one should buy today expecting it to be a good investment — make me bitter? The bitter ones, to me, sound like the owners and brokers, who keep insisting that everything is fine while they’re looking at their investments drop in value everyday.
6:53 That’s what i’m talking about!
For anyone who has not already noticed, this is not a serious blog, it has been taken over by teen dweebs and other losers.
How come it sounds like everyone on this site is a bitter renter? everyone bashes everything. Stop crying and just buy a house already.
wait, so in the next two years, prices might drop almosy 7%????!!!!!
what will i do with the 200% i saw in the last 5 years?????????
“”Got any any good 9/11 conspiracy theories?”
The What is Osama bin Ladin.
Or Dick Cheney.
Maybe both.”
Ha ha ha nope. I will not go into specifics Real Estate is over. I know Captain Feelgood told you Assfucks that every thing is OK.
Here read this
Housing Market Has Further to Fall
http://blogs.wsj.com/economics/2008/03/13/housing-market-has-further-to-fall/
The majority of respondents say the U.S. is currently in a recession, and one of the major drags has been the housing sector. On average, economists see a 5.3% drop in house prices, as measured by the Office of Federal Housing Enterprise Oversight, in 2008 and a 1.3% decline in 2009. “The bulk of inventory problem hits this year, pulling prices down,†said Diane Swonk of Mesirow Financial, referring to the imbalance between homes on the market and sales.
And
U.S. Home Defaults, Foreclosures Rise 60% in February (Update3)
http://www.bloomberg.com/apps/news?pid=20601087&sid=ad7WKM2zVEgc&refer=home
March 13 (Bloomberg) — U.S. home foreclosure filings jumped 60 percent and bank seizures more than doubled in February as rates on adjustable mortgages rose and property owners were unable to sell or refinance amid falling prices.
60% fucking percent??!! And people are arguing about Park Slope Vs. Anyone??!! You need to wrap your little minds around this.
And Gold is around 1000.00, Oil is at 110.00 a barrel and the US Dollar is turning into toilet paper. I know The What is a bitter renter, The What is Ghetto, The What is….
This is going to be very bad and very nasty. Get you fucking heads out of you asses
The What (2 Million Huh?)
Someday this war is gonna end…
anyone who has 2 million dollars and does not own their own home is a total loser.
if you’ve got 40 million and rent, you need to see a doctor.
$25,000 x 30 = $5,000,000? New math? And don’t give me any of that inflation bullshit! At least not without applying it to the value of the property too (unless you’re saying that you can see 30 years into the future and your crystal ball says we’ll never see appreciation during that period like we’ve seen in the past few years).
$2 million at 10% a year gives you $35 million in 30 years. Toss in an extra $25K a year that you save in taxes, maintenance, repairs, etc., and you end up with $40 million after 30 years.