Open House Picks

Hello still-defensive-and-angry seller at 10:58. And you seem to have a distorted perception of buyers (drooling over all the “loaded” buyers you want to in turn drool over your house), since I think the ones who are really loaded are probably buying bigger, nicer properties than the kind that are saddled with various issues (i.e. narrow dimensions, poor renovation, whatever). There is a wide swath of more discriminating buyers – like me – who can afford close to 2mil (albeit with rental income) but we are not so “loaded” as to not care about when or at what price we buy. Yes, the real estate market, in the long run, goes up, but don’t forget that when adjusted for inflation, that does not always mean as much as people think. In fact, there have been economic studies that show that real estate is not always the great investment people think it is. And I also agree with you that, as a result, people (provided they are seeking to live in the house) should ultimately be seeking a HOME, not an investment. Yet, you simply cannot deny that there are moments when markets – whether real estate, the stock market, Dutch tulips, whatever – are simply overvalued, and saavy buyers who have capital, but have to make careful choices about how to use, are not going to blindly plunk down $2mil if the market is overheated and the house does not seem to merit it. You seem to be oblivious to the very real market shifts that this city has experienced in the past, during which corrections made a big difference for many buyers i.e. those in the mid-late 90s who (like people who buy low in the stock market) got a great value instead of pissing away much more of their nest egg that they could have put towards other life choices. Really, stop the bitter rants. I am an owner, not a renter, so am not speaking from a position of bitterness, just realism.

The house with rent-regulated tenants is the one on Ft. Greene Place. See previous comments (especially @ 1:46 pm) as well as the listing description itself.

9:12, but at least that particular mandated philanthropy comes with access to drugs to help numb the pain.

Wow, that’s amazing that the 4th Street owner is listing this as a rental with Corcoran and as a sale with other brokers (to cover tracks) – talk about desperate! No way will this sell for that ask, will have to be substantially less. And if someone does buy for close to ask, I pity the sucker – I think the point about buyers’ remorse is an excellent one as anyone who pays close to 2 mil for this house is a fool.