housePark Slope
146 Sterling Place
Douglas Elliman
Sunday 12:30-2
$2,995,000
GMAP P*Shark

houseFort Greene
76 South Elliott Place
Brown Harris Stevens
Sunday 2-4
$2,795,000
GMAP P*Shark

houseFort Greene
135 Saint Felix Street
Corcoran
Sunday 1-4
$1,699,000
GMAP P*Shark

houseBedford Stuyvesant
522 Madison Street
Corcoran
Sunday 10-11
$624,960
GMAP P*Shark


What's Your Take? Leave a Comment

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  1. “then buy the same house for 20% less next spring.”

    You are absolutely CRAZY if you really think that’s what’s going to happen.

    They just yesterdat predicted a national decline of 7% in 2008 and 1.6% decline in 2009.

    Then prices will go back up.

    I don’t think NY will see as big a decline as the rest of the country, but the worst case sounds like around 9% MAYBE.

    Then by 2010, they will beging appreciating again.

    20%??? you were joking right??

  2. 2:22, It does appear that the house has much potential. Many details intact, those that are not appear salvageable. Don’t know much about that area, so can’t really add to the question as to its seemingly low price. Love the welcome. Harmony.

  3. 2:04, we are with you. Big chunk of cash, and renting at the moment. We’ve basically stopped looking for right now, unless the broker can tell us for sure that the people selling a particular listing have a compelling reason to sell soon. Just sick of going to see crappy houses and apartments priced way way over what they’re worth, in any market, and sellers unwilling to budge.

    There are some decent bargains on the Upper West Side right now, in contrast. Brownstoner Brooklyn needs a little reality check. If enough people decide now is the time to sit on the sidelines, the prices will have to come down – no way around that one at all.

  4. Geez, I could buy gas at $5 a gallon for the rest of my life spending $1000 a week and still be at only a fraction of the payment of a million or multi-million dollar house. That high gas idea just doesn’t hold water. One month’s payment on a $3 million house would buy $5 gas for most people for several years.

  5. Does anyone remember seeing an article in NY Magazine with predictions from major ecomonists making predictions about housing market in NYC (inluding prime Brooklyn) for 2008,2009,2010? I seem to remember predictions suggesting prices staying flat at best, but dropping more likely.

  6. exactly, 2:16. I’m so glad I live in the city right now. No gas, no insurance, no driving, I can walk to 20 different stores and shop for cheap food, if I want to and not spend a dime on killing the environment.

    More people will do the same. Trust me.

    My DIEHARD suburb parents are even starting to get jittery about their next 20 years in the place they’ve lived their whole lives.

    They have plenty of money, but have still been aware of the gas problem and don’t drive as much.

    Imagine how much MORE TRAPPED you would feel in the burbs if you didn’t or couldn’t afford to drive as much as you wanted.

    Sounds like a NIGHTMARE to me.

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