House of the Day: 489 16th Street
It’s not really our cup of tea, but someone’s obviously put a lot of effort into renovating this three-story brick townhouse at 489 16th Street in Windsor Terrace. The look is a little too “new condo trapped inside old house” for us. That said, everything’s new and the location, just a block from the park,…
It’s not really our cup of tea, but someone’s obviously put a lot of effort into renovating this three-story brick townhouse at 489 16th Street in Windsor Terrace. The look is a little too “new condo trapped inside old house” for us. That said, everything’s new and the location, just a block from the park, is very nice. The house was purchased for $925,000 back in 2005 and is now asking $1,595,000. What do you make of it?
489 16th Street [Corcoran] GMAP P*Shark
“”Glad you (and it seems, 11217) know people who were spared, but they are in a small minority.”
My financial advisor has worked in the business about 25 years or so…has hundreds…perhaps thousands of clients in NYC. He said the average range “hit” to people’s portfolio has been around 14 – 24%. ”
Thanks 11217. In fact last year I was down 16%, and this ytd I am up about 1%. If you were ‘decimated’ it’s because you were a pig, or someone who doesn’t understand asset allocation.
P.S. the stock market has also gained about 2000 points in the last 2 months.
Most of these people will likely recover a large portion of this alleged decimation assuming they can hold out a little longer and not spend all their “stock market” earnings on shoes.
I read the paper MM. I’m not blind to the facts. I’m sure plenty of people have taken substantial hits MM.
My point is that you always seem to make these enormously sweeping statements.
“that wealth of the older generation has been decimated by stock market crash.”
We know your position and we all understand that saying something like this only goes to bolster it.
“Glad you (and it seems, 11217) know people who were spared, but they are in a small minority.”
My financial advisor has worked in the business about 25 years or so…has hundreds…perhaps thousands of clients in NYC. He said the average range “hit” to people’s portfolio has been around 14 – 24%.
Bad, but certainly not “decimated.”
I suppose we all have different ideas of what that word means. My portfolio has tanked around 26% but I was in some extremely volatile things (by choice) because I’m relatively young.
I don’t view my account as being decimated at all.
THL – re: wealth destruction – don’t take my word for it, just read the papers. Trust me, many people, if not most, have taken a big hit to their net worth, assets, portfolios etc due to current economic crash. Glad you (and it seems, 11217) know people who were spared, but they are in a small minority.
16th Street and PPW is the Brooklyn equivalent of St. Louis to you, Mopar?
Would you say the same if it were a block or two north?
I find that comment really odd. WT is a really terrific area…
Lechecal, I think the problem with this listing is that it’s buying in St. Louis at New York prices.
Gotcha MR. thanks for clearing that up. I happen to agree with you there. I also disagree with MM’s assertion that
“that wealth of the older generation has been decimated by stock market crash.”
Not everyone’s lost everything. In fact I’d say most people I know weren’t affected all that much by it. Certainly some were but not to the effect that they’re decimated.
11217 – you just made my head spin with that listing
WOW – maybe that was an inside family deal or something?