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
Make that 4 bedrooms…
I looked at this place also. It is a one family with 6 bedrooms – 2 per floor stcked on top of one another. I think they all had sinks or something odd in the bedroom. Some nice details, but kind of an odd layout. The kitchen is a total nightmare – nothing salvageable, but it is a block with beautiful houses. We were not tempted because we wanted rental income and did not see an easy conversion into multiple units. It is a lot of house though. Price absolutely seems fair though.
Well that post was completely off topic, and also completely contradictory to itself.
I’m not sure if you went to college or where, and what you now do for a living, but for most of us paying off college loans until age 45 and beyond is a reality. I’ll be paying off a Bachelor’s degree till I’m 40. If I went to grad school I’d have loans forever!
Obama went to expensive law schools and then became a community organizer. That’s not exactly the fastest path to becoming debt-free.
What point are you trying to make with that comment?
I agree, but thats the only thing that Obama has proposed that I think is a mistake.
Thankfully we have a charismatic young lawyer named Obama with experience as a “community organizer” who’ll likely be our next president.
When Obama raises taxes on families and businesses making over $250k in order to finance his promises of “change”, millions of middle class workers accross this country will be fired as companies downsize to pay Obama’s higher taxes.
The stock market will keep dropping until Obama’s ousted Jimmy Carter style in four years. It’s paramount for a president to inspire confidence during tough economic times, and clearly by the way the stock market is heading with Obama a near certainty come November, investors have zero economic confidence in the guy.
It’s not surprising since he only managed to pay off his student loans two years ago at the age of 45. He also left Harvard law with seventeen unpaid illegal parking tickets in Cambridge on his record that he didn’t bother to pay until he ran for Senate.
Unfortunately, this country looks to be in for one hell of a ride down!
maybe less than 200k depending on taxes and down payment
just based on my own mortgage, i would hazard a guess and say household income of 200k
I just saw this quote in a Rauters article about debt, made me laugh:
“‘I know for many of us saving is a foreign concept,’ Lizbeth Sanchez, a manager at financial counseling service Balance told the crowd. ‘It’s not easy to save because the way our culture works, the person who dies with the most stuff wins, right?’
I have a question: to afford mortgage payments in the $4000 range, what would you expect a household’s annual income to be?