Lessons From the Foreclosure Front Lines
A recently transplanted New Yorker named Michael Houtkin won the bidding on a one-bedroom condominium on the outskirts of Boca Raton, a few blocks from three golf courses, for the incredible price of $30,000. Things were almost being given away, he said later…The glut of foreclosed homes creates a self-reinforcing cycle. Falling prices lead to…
“Boca Raton is NOT in Park Slope – hence any point trying to be made from this article is MOOT”
What about negative YOY price changes? Is that in Park Slope?
DIBS is getting gunned but not down. The shots from all directions keep him standing.
“Not the type of ‘interesting’ you want.”
Laughing out loud.
***Bid half off peak comps***
Smudge…here’s how Whuh defined entitlement…
“What is entitlement is to believe that, having purchased a senselessly over-valued home, you’re entitled to endless price appreciation and a virtuous cycle of bistros and wine bars and gourmet grocers, even as the funny-debt cycle pushed out the very people who made your neighborhood so livable in the first place.”
That’s not really the definition of entitlement in the context of what hannible posted. So, you deserve no more of a response than Whuh got.
Why don’t you just go and look it up and then present us with a laundry list of what you feel you are entitled to.
>> Whuh, when you demonstrate that you understand what “entitlement” means in the cintext I used it with hannible’s post then maybe I’ll engage you.
Why don’t you explain what it means?
As prices come down, people who were priced out of certain neighborhoods may no longer be priced out of those neighborhoods. How is that incorrect?
dibs- don’t forget to direct M4L to this thread now.
Whuh, when you demonstrate that you understand what “entitlement” means in the cintext I used it with hannible’s post then maybe I’ll engage you. Otherwise your rant is worth nothing more than how I responded or a more direct, STFU.
Whuh- I have to agree.
“What is entitlement is to believe that, having purchased a senselessly over-valued home, you’re entitled to endless price appreciation and a virtuous cycle of bistros and wine bars and gourmet grocers, even as the funny-debt cycle pushed out the very people who made your neighborhood so livable in the first place.”
QOTD!
The What
Someday this war is gonna end…
Ha, Dave, you truly are a gentleman and a scholar. Best of luck in all your future endeavors.
Blah, blah,blah,blah,blah,blab,blah,blah,blah,blah, Whuh.