Open House Picks
Carroll Gardens 72 2nd Place Corcoran Sunday 3-4:30 $2,350,000 GMAP P*Shark Park Slope 466 13th Street Douglas Elliman Sunday 1-2 $2,050,000 GMAP P*Shark Gowanus 389 Sackett Street Neuhaus Realty Sat 1-4, Sun 12:30-4 $1,900,000 GMAP P*Shark Prospect Lefferts Gardens 218 Midwood Street Brown Harris Stevens Sunday 2-3:30 $1,375,000 GMAP P*Shark
Carroll Gardens
72 2nd Place
Corcoran
Sunday 3-4:30
$2,350,000
GMAP P*Shark
Park Slope
466 13th Street
Douglas Elliman
Sunday 1-2
$2,050,000
GMAP P*Shark
Gowanus
389 Sackett Street
Neuhaus Realty
Sat 1-4, Sun 12:30-4
$1,900,000
GMAP P*Shark
Prospect Lefferts Gardens
218 Midwood Street
Brown Harris Stevens
Sunday 2-3:30
$1,375,000
GMAP P*Shark
Hey 1:59, you live in the suburbs, right?
Because you don’t seem to know anything about the wealth or culture of the people buying houses in Brooklyn. People spending $1.8 million on brownstones right now certainly don’t have to take out a million dollar mortgage. Young liberal brownstone owners also aren’t the type to panic over “degentrification”. You intentionally hit all the buttons the people of the suburbs like to hit when promoting mcmansions and suv’s and gated coommunities. You just don’t understand none of that has any appeal to a segment of the population who choose to live in cities.
But okay, that’s fine, keep trying to get everyone to move to where you are in the burbs of Jersey.
10:25 bwahahhahahahha. you better pray to JC instead of posting in here.
“i’m sure this will come as a big surprise to the naysayers on here. but from what i’m seeing if its a good property and priced right it is selling for a good number”
No suprise at all. Major decline predicted. In 2006, it didn’t have to be a good property priced right. It still sold for a good number. Now, as you have implied, that has changed. You can count bidding wars on one hand. What do you do or what are you planning to do to supplement your income?
“Anyone who thinks prices in NYC will drop 50% is insane.”
Anbody who thought in 1995 that prices would triple by 2007 would have been called insane. Suprise on the way up, suprise on the way down.
broker here. not for any of these listings. there have been at least 5 bidding wars with above asking price offers on properties at my firm and others that we work with that i can think of in the last week alone. other brokers care to weigh in on this as well. i’m sure this will come as a big surprise to the naysayers on here. but from what i’m seeing if its a good property and priced right it is selling for a good number.
Nobody said park slope was going to degentrify. What was suggested was that the fringe areas into which the gentry have only pushed in the last 5 would see an exodus. I expect this is true. Many people chose fort greene because they were priced out of park slope, clinton hill because they were priced out of fort greene, and yes, bedsty because they were priced out of clinton hill. Some chose these moves because they thought it a better investment to “buy low” assuming it would go up further.
People will leave leave their 2nd choice nabe if they can now afford their 1st choice. Others buying now, like me, are no longer looking so far afield. Not because of the race issue, but because if a nabe didn’t make it already, it won’t during an economic contraction. Yes, PLG will get more restuarants and shops, but it is not going to have the new 5th ave as one might have guessed a few years ago. 5th ave and probably much of south slope that had been fringish in 2000 have the critical mass to stay. Much of clinton hill and definitely bedsty don’t. They will degentrify.
degentrification can make the values lose more then 50 percent if Brooklyn becomes a war zone again. Just this morning alone there were 2 double shootings in Brooklyn and the Bronx. This is not a “What if” but actually the facts on the ground. All the people from Long Island who moved into Brooklyn and never saw it in the 70’s and 80’s are about to have to go back to mommy for more money when the ARM expires.
If my building dropped by 50% it would still be worth 5 times what we paid for it in the early 90s or approximately what it was worth in the year 2000 or 2001. Why would it require a depression or an economic catastrophe for prices to return to 2000 levels? It certainly happened to Japan and there was no world wide depression. Maybe it’s just requires a return to sanity.
Anyone who thinks prices in NYC will drop 50% is insane. No way will that happen unless the country goes into a depression.
If you are planning to buy a home and stay in it for 5 years or so, then you have no worries.
What is up with all these “what if” doom and gloom views on here?