House of the Day: 1380 Dean Street
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…
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
And of course I’m not blaming Obama for the current economic crisis. But I’m not blaming Bush, or Clinton either.
Blaming the president for Wall Street’s problems shows a complete lack of any true understanding of how business in this country works. If you really want to blame one individual, blame Greenspan and he’s not running for president.
Congress will pass tough new banking regulations no matter who is elected president, but Obama’s efforts to redistribute earned weath will backfire in his face and keep this country in recession.
“When it becomes evident that his socialist leaning, anti free market tenancies are seriously harmful to the growth of our economy, even Matt Damon will change his tune.”
Yeah, the present administration is doing such a great job, that we can’t afford to let that end! Let’s keep spending $10 billion per week in Iraq while we’re at it! Yep, those GOPers really know their way around the economy!
IronBalls, I hate to tell you, the whole free-market thing is about to be re-evaluated. It’s not socialism that got us where we are, it’s unfettered free markets. Something will have to be done about these derivatives. We didn’t heed the warning in 1987, and now we’re paying the piper. These assholes running these investment banks that we are now bailing out, they should be ashamed of themselves. In fact they should be locked up. Lehman Brothers survived the Great Depression but somehow they couldn’t survive a minor housing downturn in which only 4% of mortgages are in foreclosure.
How would the “rest of the economy start doing great because of Obama’s election?”
Are you refering to the hundreds of thousands of union jobs in alternative energy that Obama promises to create out of thin air (I mean tax payer money)?
Obama will be a “feel good” president for Hollywood and Brooklyn liberals for six months. (Look what we did! Isn’t he handsome!)
When it becomes evident that his socialist leaning, anti free market tenancies are seriously harmful to the growth of our economy, even Matt Damon will change his tune.
Dittoburg, I’m interested in your comment about mortgage interest deduction. Just how exactly does all that stuff work? Can I really push my budget higher knowing that I can offset that at the end of the year? I have yet to figure this one out… I expect that its some simple thing I’m just missing…
I’m guessing BBs.
Maybe more like RustyBalls ditto!!!
DIBS, that was not thinking al all on the part of IronBalls.
I don’t think Obama is causing things to go down, and a bunch of the investment banks that had contributed a lot of cash to his campaign suggest otherwise. But not everything ferrous-spheres says is nonsense. I know for a fact that if he does apply soc sec taxes at incomes above 250, and assuming its get passed, my firm and others in our field will defintely cut staff to meet the increased payroll costs.
Of course, the rest of the economy could start going great because of his election, in which case it would offset that.