Open House of the Day, 8/31/07: Six Months Later
This Sunset Park property, listed at $799,000, was the sole open house pick last Labor Day weekend, and it didn’t languish on the market all that long. Open House of the Day: 451 37th Street [Brownstoner] GMAP P*Shark
This Sunset Park property, listed at $799,000, was the sole open house pick last Labor Day weekend, and it didn’t languish on the market all that long.
Open House of the Day: 451 37th Street [Brownstoner] GMAP P*Shark
Real estate may be local, but the economy is global. You are extremely naive to believe that Brooklyn will escape unscathed, especially given that it has experienced some of the most unsustainable price hikes in the country.
OK tWhat, Stop using NATIONAL stats to describe the Brookly brownstone housing market. They are not one and the same.
The tWhat is NEVER on point and his potty mouth is the only thing worth reading about his posts.
And who, in god’s name, has the time to read his links?
Get back to work people.
most of these people knew EXACTLY what they were getting into. they SIGNED documents stating that their mortgage rates would set, but were completely and TOTALLY uninformed and thought housing prices would go up forever.
end of story.
they were ignorant and are now paying the price.
when i bought in 2006, i was pre-approved for MUCH MUCH more than i thought i could afford but i bought something i thought would be good for me, price-wise.
only in america do you now get pity and a potential bailout for being stupid.
3:14 is right and although I feel for these people, in any other decade they would NOT have been allowed to take out a loan and buy a house.
This is all about the market returning to normal. Returning to normal from the inflated crazy bubble time when anybody could buy a house even those with no credit record and no money down. Those lenders deserve to lose their money.
so last year 5% of people owed more on their homes than they were worth (the average for the last few decades)
and now 10%.
sounds moderately bad, but CERTAINLY not the cause for all the ranting about the world coming to an end.
think about that.
5% more people are in trouble. not 50%. not 20%.
5%.
those figures do not a depression make.
go ask your grandma if you want to know what REALLY happened during the depression.
about not abouy
at 2:54
Re: the What, it’s not abouy being right or not about the market, it’s about being a creepy weirdo spending way too much time here.
Perhaps he is trying to hint at this tasty nugget from the New York Times:
“Not since the Depression has a larger share of Americans owed more on their homes than they are worth. With the collapse of the housing boom, nearly 8.8 million homeowners, or 10.3 percent of the total, are underwater. That is more than double the percentage just a year ago, according to a new estimate of the damage by Moody’s Economy.com.”
“I know you hear with that fucking helmet on your head! Also stop drooling all on the floor fucktard.”
This somes up our friend pretty well.
Anyone care to interpret?