859-St-Marks-Avenue-0509.jpg
This 7,000-square-foot one-family limestone house at 859 St. Marks Avenue in Crown Heights has some pretty darn impressive old-school credentials but is gonna take a lotta love to get it back into shape from the looks of things. Which might explain the slide in its price from $1,500,000 when it was first listed last June to its current price of $859,000 (with a couple of stops at $1,400,000 and $1,200,000 along the way.) Someone’s going to have to fall in love at some point—the question is at what price. And if that person has kids, he’s in luck: The Children’s Museum is right across the street.
859 St. Marks Avenue [MM Management] GMAP P*Shark



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  1. “15% interest rates? What, walk me through your logic?”

    Re-Read my posts.

    “I think that folks are currently being duped into thinking that recession is coming to an end, and it is now going time to hold riskier assets.

    Deflation

    http://en.wikipedia.org/wiki/Deflation

    In economics, deflation is a sustained decrease in the general price level of goods and services.[1] Deflation occurs when the annual inflation rate falls below zero percent, resulting in an increase in the real value of money — a negative inflation rate.

    Riddle me this? Do you want to hold a asset that’s going DOWN in value or sell it at any prices and get out???

    We will probably hit another leg down, where folks will again rush to the relative safely of US Treasuries.

    Oh no retard there is talk of the US losing that AAA rating!

    Moody’s Opens Pandora’s Box on AAA Debt Ratings: William Pesek

    http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_pesek&sid=adz9rcVTSxUA

    It raises obvious questions about the U.S., which relies on Asia’s money. Treasury Secretary Timothy Geithner wasted no time last week in reassuring markets that the Obama administration is committed to reducing the federal budget deficit. Forcing him to the microphone was a jump in government-debt yields.

    You, I and the US Government will pay higher interest rates for the foreseeable future! For someone to loan you money there is a risk premium that must be paid. Look at the long end of the Bond Market and get back to me with your “Logic”. I wonder of you going to understand or be delusional like the rest of the assholes..

    Class is over..

    The What

    Someday this war is gonna end…

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