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

Leave a Reply

  1. I work on Wall St., like a bunch of people here.

    All the major banks are cutting. Guy next to me made 400k/yr and just got let go. 20+ people in a friends group got whacked. each made 300k+.

    Interestingly, more than half of them have left NYC.

    At a minimum, financial employment is going to be down 10% from last year. These people are either
    a) not going to be here
    b) not making nearly as much as they were before

    Everyone else is going to make a LOT less this year.

    Who is going to buy the condos and the mansions at these prices? Given job instability, it would be dumb to take a mortgage that assumes that you’ll be fully employed for the next 30 years.

    I can see a 20% cut to certain high-end properties, especially the ones that make no sense as rentals. Eventually the price/rent ratios should converge back to something more realistic.

  2. This is economy is so screwed. Any increase in house prices or any money made anywhere for that matter, is just a drop in the value of the dollar. Just a shell game the Bush admin is playing to make Americans believe the economy is still growing.

    Oh, and this blog is for Slopers not Greeners.

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