House of the Day: 265 Sterling Street Revisited
When is someone going to step up at 265 Sterling Street? The Prospect Lefferts Gardens house isn’t huge and it’s not on the swankiest block in the nabe, but it sure is cute. The price has come down from $735,000 to $649,000 since we last took a look in July, bringing it to within less…
When is someone going to step up at 265 Sterling Street? The Prospect Lefferts Gardens house isn’t huge and it’s not on the swankiest block in the nabe, but it sure is cute. The price has come down from $735,000 to $649,000 since we last took a look in July, bringing it to within less than $20,000 of what the widget estimate was. What’s it gonna take to move this place?
265 Sterling Street [Douglas Elliman] GMAP P*Shark
House of the Day: 265 Sterling Street [Brownstoner]
Inflation drives property prices up.
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That’s incorrect. In fact, inflation will depress property prices further the reason being that income stays flat. So if there is inflation without higher income people will need to spend more for imported goods, oil, food, etc so less money for houses. Scary, eh?
Inflation isn’t going to cause rates to go up, but the Fed’s cessation of their $1.5 TRILLION support of the MBS market sure as hell is…
Why does the widget get lower when an asking price drops?
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Because that was nine months ago and prices are falling.
Been to this place last year. The pictures are deceiving. I couldn’t believe it’s the same house. The whole place needs to be gut renovated.
You should see what you can get in Canarsie, BH!
Posted by: daveinbedstuy at March 31, 2010 1:37 PM
LOL
Inflation drives property prices up.
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True True!
Though, it seems like we’ve had our housing inflation already. Have you seeeeen the price appreciation over the past 10 years?
I doubt that any inflationary pressure will be felt in housing at this point.
I agree, we aren’t going to see 10%. Too bad….
Decent, but doesn’t this back up on the big buildings on Empire? Not sure I would want that in my back yard
Looking at the floorplan it looks like the basement unit doesn’t have any windows.
LOL, Bob. But, of course!