Open House Picks 6 Months Later: 9/7/2007
Well, this almost seems like a zero-for-four batch, though 750 E. 21st allegedly has a firm offer (not in contract yet). The Cobble Hill house was originally listed at $2.9 mil; we caught it six months ago when the price had been chopped to $2.65. It’s now been fully rented out and is still for…
Well, this almost seems like a zero-for-four batch, though 750 E. 21st allegedly has a firm offer (not in contract yet). The Cobble Hill house was originally listed at $2.9 mil; we caught it six months ago when the price had been chopped to $2.65. It’s now been fully rented out and is still for sale at a slightly higher ask. 119 Bainbridge switched brokerages and was the subject of much chatter when it was House of the Day a few months ago. Brooklyn Properties now has it on their site at $1 mil.
Open House Picks 9/7/07 [Brownstoner]
“Just like the tech bubble, NYC is “different”
i dont get?
Tech bubble = ecommerce sites with shaky business models having money thrown at them by punters only to find out that the business models were yes, shaky.
NYC Real Estate (Prime) = Expensive property values that have had a huge run up, but because of their location (which will never change) will only go higher. But definitely not as fast.
“If you’re enjoying a little schaadenfreude at the expense of flippers and speculators and arrogant hedge-funders who have driven the market so crazily high,”
Real funny! You could not talk to the assfucks until recently!
I can sorta understand. But if you’re taking pleasure in the fact that nice, hardworking people who pour blood, sweat and tears into fixing up dilapidated buildings.
No it wasn’t “blood, sweat and tears” Asshat, it was greed, greed and greed. Now the turd is hitting the blades, I’m suppose to feel sorry for them. Fuck them! I hope their financial future is a pile of smothering rubble!
“, you should really see a shrink”
What??!! We are in the greatest asset bubble know to man and I should see a shrink???!!! How about the assfuck who believed in this shit line up for the psych ward at Kings Country for Kool-Aid detox!
The What
Someday this war is gonna end…
The What, sweetie, can you calm down enough to read?
Yeah, the Dow is down–so what? Over here in smart-investor land, we call that a buying opportunity. Markets rise, markets fall. Yawn.
Again, who are you LYMFAO at? Me? I have enough coin in the bank to pay this mortgage for years; hell, to get another one for a weekend place, maybe. Or do you enjoy seeing working people foreclosed upon and tossed into the street?
I hope you’re in therapy, dude–but it doesn’t look like it.
“2:02: Case Schiller info you give isn’t really that useful for NYC proper as this report defines NYC as a large metro area–including Long Island and NJ burbs.”
I strongly disagree. That metro data encapsulates NYC proper. As the boom began in the prime areas and spread to that of the fringe and suburbs (the escape for those priced out), the crash should take the same path in reverse.
Look at the index at the beginning of the boom. It must have been largely affected by the NYC proper market as that is what took off first.
Ahhhhhh!!!! It’s sinking!!!! Ahhhhhhhh!
Hey Rehab!! The first fuck on board. Hey shitstain how is Real Estate doing now!! Hey bitch I’m calling you out!! Take a look at the market, the end-game is here.
The What (1 down 2 to go)
Someday this war is gonna end..
What I meant was: If you’re taking pleasure in the misfortune of nice, hardworking people who pour blood, sweat, and tears into fixing up buildings, you should really see a shrink.
“The president of W Financial, Gregg Winter, said: “Mediocre projects — uninspired designs thrown up in ho-hum locations — are now justifiably suffering and selling at a pace akin to Chinese water torture.” Haven’t we been looking at these on this site for months. Buyers, like God, don’t like ugly. Who would buy those hideous white boxes? Maybe people will pay more attention when they chose to build speculatively.
“A townhouse on my block in prime north PS recently sold for over 4 million, I was told by a neighbor today.”
Nice ripe cherry.