House of the Day: 430 10th Street Revisited
This house at 430 10th Street has been on the market for-effing-ever. After selling for $1,200,000 in 2005, the new owners started out trying to get $1,865,000 last year. By August of this year, the ask was down to $1,650,000 and in September it was reduced further to $1,595,000. Since the broker doesn’t even have…
This house at 430 10th Street has been on the market for-effing-ever. After selling for $1,200,000 in 2005, the new owners started out trying to get $1,865,000 last year. By August of this year, the ask was down to $1,650,000 and in September it was reduced further to $1,595,000. Since the broker doesn’t even have his own website and only tiny photos are available on StreetEasy, it would be interesting to hear from someone who’s actually seen the interiors.
430 10th Street [Timothy Norton] GMAP P*Shark
House of the Day: 430 10th Street [Brownstoner]
adios.
infinite, thanks for putting me in the rubber room. ouch.
And yet from the March bottom, the stock market has gone up more than gold.
You have missed a HUGE opportunity, BHO.
“he was the jackal laughing at all the idiot buyers.”
Wasn;t laughing at them. You really are an idiot, Antidope. And RE the bank statement shit, this is an anonymous blog. You’re just a hater, my friend. It’s general information. I would never hang out with you, but if I did, I wouldn;t tell you how much I earn.
I was saying that people who bought in the last few years thought they were probably buying low…but that the market is still correcting.
This was always said to point out people who try to hype the market…I don;t believe I’ve ever called a buyer stupid, though others have. They jsut overpaid. My goal was to knockdown the Team Bull argument.
I remain a Bear on real estate and the US economy.
I am willing to overpay some here because of how much money I am saving in taxes and pre-school. 50-70K in the first 2 years alone.
And my life will be sop much happier now that I don;t have to visit real estate blogs with miserable dipsh*ts like you. Honestly. backyard aside, that may be the single biggest quality of life improvement I just bought myself.
Godnight.
“This is a good time to buy real estate.”
Wrong.
“Pretty soon all the dollars we have socked away in the bank or in our 401K’s won’t be enough to buy us socks.”
1/2 cash, 1/2 gold (with exit strategy) solves that problem.
***Bid half off peak comps***
MFN, when I made the decision to sell my Manhattan condo in 2007, I knew prices were high. No way in hell was I going to chase BH, PS or BoCoCa prices. But I had my heart set on a brownstone and it was totally by chance that I discpovered bed Stuy…plus the A train is far better than the F. LOL
I paid about half what i would have had to in Ft greene and less than a third anywhere more expensive. I got a great big fully renovated brownstone on one of the best streets (stuyvesant Ave)…i had to put in the deck myself and of course the ensuite master bath (shillstoner, you out there??) but I don’t regret any part of the whole process.
I too can go through financial arguments for it as I gave up $5000 in taxes and $6,000 in CCs in exchange for $2000 in taxes and $14,400 in rental income!!!
Whatever amount my house is below what I have in it makes me perfectly happy.
quote:
Too bad hater, going to live in a fu*king sweet townhouse my little daughter will run around like crazy in and giggle her head off. I’ll be having cocktails on my deck soaking in my super-deep backyard.
LOL so youre getting drunk outside while your daughter is running up and down all those steps? parent of the year!! (im jk btw, i just found that post funny)
*rob*
This is a good time to buy real estate. I agree with MFN. Even though it is probable that prices will come down further, the dollar will drop even further. Pretty soon all the dollars we have socked away in the bank or in our 401K’s won’t be enough to buy us socks. Better to put money into real estate and durable goods. At least when push comes to shove you will have a place to live and something to drive.
Posted by: Minard Lafever at November 9, 2009 4:23 PM
Minard,
This also played HEAVILY into my thinking…if Inflation picks up heavily, RE will not come down nearly as hard. That’s just another one of these ridiculous maybes in a steroid-induced economy. Just too hard to know how it will play out.
She enters at 2 (2.5), kindergarten starts at 5, correct. So 2-3, 3-4, 4-5…
Might be 2 years though, Mom’s in charge of the school details.
Still, I’ll take the savings for 2 years!
I never went to preschool and look how I turned out.