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We like the looks of this four-story limestone house at 1380 Dean Street in Crown Heights. It started out last January asking $829,000, according to StreetEasy, and has just been cut to $775,000. It’s hard to make a guess about what something is “worth” while we’re in the eye of the storm, but suffice it to say that this place presents an opportunity to live in a 3,000-square-foot house with nice original detail with mortgage payments that would be south of $4,000 a month. Then again, the way things are going, there’s no rule of nature that says this won’t be going for $600,000 six months from now.
1380 Dean Street [CitiHabitats] GMAP P*Shark


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  1. ENY,

    “A free market, low tax environment” is not what has brought this country to it’s knees.

    An insane housing bubble driven by a country convinced that every individual has a “right” to own a house coupled by excessive speculation by investors and bankers is what’s bringing this country to it’s knees.

    But I fear Obama is just as confused as you are. It’s not surprising given that he’s a lawyer, with no business background.

    I’m not defending McCain either. He’s an old stooge himself, but at least he doesn’t think using tax payer money he can spend his way to a better world.

  2. It’s pretty apparent that a “a free market, low tax environment” has bought the country to its knees, considering the GOP has been in the White House the last eight years.

    By the way, I happen to agree that free markets are essential to global economic stability. And despite IB’s FOX-style rants, I believe that Obama recgnizes this as well. But the election hasn’t happened yet, so we will just have to wait and see.

  3. For the record, I’ve been all cash myself for the last year, so I’m not a complete idiot.

    Folks that have nothing to do with the shit that’s going on on Wall Street are going to start being laid off like crazy as businesses go under in the thousands.

    We need a president that understands that a free market, low tax environment is what this country needs to get it back on its feet.

    Obama with the help of the Democratic majority congress will be the hammer that nails The Great Depression II onto the pages of history.

  4. The stock market is going to hell.

    I’m pretty damn sure it’s largely because of a lack of confidence, not the underlying fundamentals.

    The only thing that’s changed is that it’s become obvious to the world that Obama will be our next president.

  5. “Don’t believe the New York Times. Think for yourself.”

    What makes you think I rely on the Times for my information? I work in the media. I read just about everything. You on the other hand sound like you’re auditioning for a recurring guest feature on Fox News, “dude.”

    The entire Congress is responsible for the war in Iraq, but President Bush and his administration is entirely responsible for the U.S. remaining there and spending ridiculous amounts of $$.

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