House of the Day: 304 Union Street
Today’s House of the Day at 304 Union Street in Carroll Gardens is particularly interesting in light of yesterday’s GMAP P*Shark Open House Picks 11/4/2005 [Brownstoner]
Today’s House of the Day at 304 Union Street in Carroll Gardens is particularly interesting in light of yesterday’s discussion about declining prices. We had it as an Open House Pick in November 2005 when it was listed for $1,850,000; it ultimately sold for $1,700,000 in May 2006, and the new owner clearly went to town on the renovation. It’s charmingly done (love those slightly rough original floorboards in the parlor) but the big question is whether it merits the marked-up price of $4,150,000.
304 Union Street [Stribling] GMAP P*Shark
Open House Picks 11/4/2005 [Brownstoner]
As a buyer, can I renegotiate the price I’m paying for a condo after I signed the contract (while waiting for appraisal and the closing?)
wasder…his post and his logic is so full of misinformation and holes that its not worth commenting on.
Thanks though.
I find it hard to believe that you would have anger against Dave, who is community minded where he lives and is involved in civic and business activities with his neighbors in Bed Stuy. If more people put their money where their mouth was we would have peacefully, equitably gentrifying neighborhoods.
I don’t know who the fake Upper West Siders or affluent Europeans are but I think your claim that somehow they drove up real estate values (how are they related to Dave or Biff is beyond me as well) is dubious at best. Also, nobody as far as I can tell has tried to convince anyone to spend 3 million in a “slum.” Stuyvesant Heights, where DIBS lives, is far from a slum, as judged by the number of new restaurants that have opened there recently and the gorgeous housing stock. Don’t know if you have been there or not. There were people trying to get a million dollars for brownstones on prime blocks around there (not 3!) but at this point a realistic appraisal of those homes tops out at 800G or so. Anyway, I don’t mean to spend my time defending Dave because he can do so himself but your charges are so weird and antithetical to the actual situation that I thought I would say something.
I welcome your perspective on this board by the way, especially if we can keep it civil and informative.
Since this is becoming both civil and informative, let me add: anger (which I sincerely feel) against Barbara Corcoran and (yes) DIBS is not misplaced; not at all. Wall Street created a demand for bad debt, because some inane central banker in China was willing to buy it at any price. But at the other end of the toxic pipeline were the shills for real estate –the brokers in person (Corcoran being the worst), and then on this blog, as it deteriorated, brokers camouflaging themselves as “Upper West Siders” or affluent “Europeans.” The aim was to create a pool of panicked and gullible buyers for dubious Brooklyn real estate, at any price. The fact that some half insane Cassandra named The What came on here to call BS on you, well, I find that admirable, frankly. More admirable than some faked bonhomie between some non-person called Biff and some half person named DIBS, meant to convince me that a slum is a fine place to pay $3 million for a house. So, yes, this POV will continue to be represented on this blog. And if you don’t like it, well….fill in the blank.
hey slappy. I agree that it sure looks like the average, wise person who spent within their means is getting hosed on both ends, both by the Wall Street types that were packaging these risky loans and by the people who bought beyond their means. But I certainly am not one of the people who anger would normally be pointed at in such a situation (work in the arts, not a millionaire etc). I can’t say for sure that the What ever said we were all going to die but certainly “ass raped” came up alot. Whatever, we are in a mess and it is unclear how deep a mess it is.
wasder—Did the what say we would die? I dont think so….He is a crazy dude and probably gets under your skin, but he is really irrelvant…..he was right…and now honest people have worked years of their life, done the right things, are now gettign dragged down because the masters of the universe can’t control themselves, and in fact they dont know and have never known.. shit….there are no easy short-cuts in life…and we may all find that out soon….i pray that i and the what am wrong, but our children will be paying this debt back even if we get out with our collective shirts….we could be witnessing the start of the financial fall of this nation after a century or so of being on top of the world, with a serious decline in standard of living
Meh – this house is not very exciting. I’m amazed they have the cohones to stick that price on it, esp since Union Street is loud. I also remain stunned by those who think the current crisis won’t have affect on NY RE. But, since NY is a different market than rest of country, we may get off fairly easy — but a decline of some kind is inevitable. That said, probably only recent flippers risk losing money – the lion’s share of old timers selling their homes will still do fine since prices rose so much in last 5-10 yrs that even if they went down 30% (which would be a lot), the prices would still be plenty high…
So October 16th was the “what” call for some sort of collapse? That guy’s crazy…..What a bitter renter….disaffected old school brooklynite….what a tool…..the guy’s an idiot….housing will always rise in this city…valuations are low…get your gentrification on….
A totally hysterical misrepresentation of the situation…the What could have said a lot of what he said without making us the strawmen for his homicidal fantasies. There are plenty of people here who manage to make pessimistic predictions about the market without resorting to threats and infantile name calling. A pity for him really. For me October 16th will be the day that I toast one to the What in honor of being alive and well in this crazy world.
Pierre–great idea about 11217’s boss buying the Clinton Ave house!