Last Week's Biggest Sales
1. BROOKLYN HEIGHTS $3,310,000 47 Sidney Place GMAP (left) When this 2-family was a House of the Day in September ’08, it had just been listed for $5,250,000; by May it was asking $3,600,000. Entered into contract on 10/9/09; closed on 11/9/09; deed recorded on 11/19/09. 2. DUMBO $1,750,000 30 Main Street, #4G GMAP (center)…
1. BROOKLYN HEIGHTS $3,310,000
47 Sidney Place GMAP (left)
When this 2-family was a House of the Day in September ’08, it had just been listed for $5,250,000; by May it was asking $3,600,000. Entered into contract on 10/9/09; closed on 11/9/09; deed recorded on 11/19/09.
2. DUMBO $1,750,000
30 Main Street, #4G GMAP (center)
According to StreetEasy, this 2,556-sf, 3-bed condo in the Sweeney Building was listed for $1,995,000 in July. Entered into contract on 9/9/09; closed on 11/2/09; deed recorded on 11/18/09.
2. BOROUGH PARK $1,750,000
5709 17th Avenue GMAP (right)
This is a 5,200-sf, single-family house, according to Property Shark. Entered into contract on 6/1/09; closed on 11/11/09; deed recorded on 11/19/09.
4. CLINTON HILL $1,555,000
179 St. James Place GMAP
When this 3,200-sf, 2-family was an Open House Pick in February, it was listed for $1,650,000. It last sold for $815,500 in 2005. Entered into contract on 8/15/09; closed on 11/6/09; deed recorded on 11/19/09.
5. BOERUM HILL $1,400,000
150 Bond Street GMAP
As covered last week, this shell of a house was originally listed for $2,495,000 in March ’08. Entered into contract on 9/29/09; closed on 11/6/09; deed recorded on 11/18/09.
Photos from Property Shark.
“there is only so much gold out there, BHO”
That’s the essence of it as a standard, slopefarm.
“gold costs money to manufacture, to store, to protect, etc.”
Automatically paid for many times over during hyperinflation.
“I’d rather have a 10-pound sack of corn rather than a 10-pound gold brick if we’re nearly starving and I have to feed the family. I’d rather have house to live in than the equivalent dollar equivalent in gold unless that gold could be pulled and hammered into a viable shelter (!). When it’s 20-below outside, I’d rather be sitting in my house than sitting next to a big cube of gold the size of a coffee table…no?”
At $2,756,520/gal, uhhh…NO, slopefarm. I’ll take the gold. It’s extremely liquid and instantly convertible to cash. You don’t have to lug it all around. There are alternatives (NYMEX, goldmoney, Perth, etc.). That “coffee table” will buy or barter all else.
“But salaries haven’t been tied to that fluctuation. Food prices (though they’ve gone up) haven’t been tied to that fluctuation…the basic face dollar amounts of all things have gone up, but still, not by 260% since 2005.”
Nope. Not yet. Housing has led inflation so far. You’re catching on.
“profit [from the sale of one house] can be carried over to buy a house some place else (i.e., it’s an exchangeable commodity of a sort)”
Yup. A commodity declining in both fiat dollars (nominal) and gold (real), the most reliable monetary standard known to man.
“am I missing something?”
Seems like you’re missing out on gold.
***Bid half off peak comps***
Legion, I agree with you that we should all strive harder to make this country a better place for our grand children. I agree. Question, what are we each individually doing to make this country a better place?
I am at least trying to point out the injustices that I see with the wall street-washington partnership and bringing awareness to the issue.
stevieb,
last post before I’m off.
Soros is an internationalist. He is not a person I would trust with America’s future. He has no blood ties to this nation. Your own posting explains his world view. one in which the United States is no longer exceptional and at the forefront of the free world, but has taken a backseat because some cabal of world federation types deems it time for such a change.
I say, it is exactly the time for the US to retain it’s primacy as the leader of the free world, least we leave our children less hope for their security and for their own place in the world (my ancestors came here for better and found it). Why would I want to accept the notion that my children will have to settle when I and those that came before me, worked so hard to make this land so special?
Does Soros look forward to the day when our grandchildren look longingly at China as the promised land? or Saudi Arabia? or Russia?
Sorry, not if I can help it.
slopefarm,
sure I’ll respond for the record.
– I don’t see how you could describe the 9/11 commission findings as characterization. It is stated fact after in depth analysis of what is probably the worst security lapse in American history, aside from Pearl Harbor.
– Clinton may have raised wages, but again, much of that economic expansion is historically attributed to the tax cuts implemented by the Reagan administration 10 years before Clinton.
– let’s not forget that the Bush tax cuts stimulated 6 consecutive years of GDP growth prior to the last quarter of his presidency. (despite 9/11 and Katrina)
-Bush left office with an economic mess that could have been taken in a couple of directions. one direction was the stimulus package with tax incentives for small business which traditionally provide 80% of new jobs in any economy, the direction Obama has chosen has been to expand the government’s role in creating jobs by taking over large portions of the private sector. Reagan inherited similar economic problems of high unemployment, recession and sky rocketing interest rates.
-inherent in your argument is the notion that Bush could have prevented 9/11 if he listened to Clinton. The fact remains that Clinton had Bin Laden in his sights on several occasions. he failed to act. That’s why Sandy Burger is such a pivotal figure in all this, what he stole from the national archives were his own hand written notes on the issue of how much was being done to neutralize the Bin Laden threat. We may never know the full extent of it, but we can surmise, they knew the threat and didn’t successfully act on it prior to Bush’s administration.
-you say there was much less for Bush to blame on his predecessor but I say, we are still unraveling the extent to which those 8 clinton years truly set us on a collision course with 9/11 (bin laden himself has stated that his inspiration was the 1993 bombing and his resolve was solidified by Somalia.
George Soros:
“It is even more important for the sake of a peaceful world that the United States should find its proper place in a new world order. A declining superpower losing both political and economic dominance but still preserving military supremacy is a dangerous mix. We used to be reassured by the generalization that democratic countries are peace-loving. But after the presidency of George W. Bush that rule is no longer true, if it ever was. And, as I have tried to show, democracy is in deep trouble in America. The financial crisis has inflicted hardship on a population that does not like to face harsh reality. President Obama has deployed the “confidence multiplier†and claims to have contained the recession. If there is a double dip the population will become susceptible to all kinds of fear mongering and populist demagogy. If President Obama fails, the next administration will be sorely tempted to create some diversion from troubles at home and that could be very dangerous to the world.”
Please comment
Legion, much of what you said is characterization, not fact. I see it this way — growth under Clinton raised wages, growth under Bush didn’t. Recession that started at the tail end of Clinton was a minor business cycle blip compared with what we are experiencing now. Bush left the nation at greater economic and national security risk than the one he inherited. And yes, every president for decades has gamed Social Security for budgetary purposes, so any surpluses were illusory, but goose/gander — same accounting and W took us way farther into a hole with tax cuts at the top and a needless war in Iraq. Clinton and domestic terrorist threats in 1993 was irrelevant to my point. He learned from it and tried to warn W during transition that this requried intense focus, but we all know how much attention Bush paid in August 2001. We will always disagere on the causes of various events. My point was that there was much less for Bush to blame on his predecessor than there is for Obama. Anyway, feel free to respond but I’m done on this topic today as no one convinces anyone of anything here.
DIBS, by the way, are you able to trace your ancestry to which part of Ireland your family was from? I hear there are a lot of people with your last name in Roscommon, Ireland.
why should I watch out for geminis? are they two faced??
But she’s a gemini. Watch out.