Open House Picks
Brooklyn Heights 165 Columbia Heights Halstead Archive! Sunday 1-4 $5,500,000 GMAP P*Shark Park Slope 189 6th Avenue Century 21 Sunday 11-12:30 $1,895,000 GMAP P*Shark Clinton Hill 22 Clifton Place Brown Harris Stevens Archive! Sunday 11-1 $1,790,000 GMAP P*Shark Prospect Park South 169 Stratford Road Mary Kay Gallagher Archive! Sunday 1-3 $1,260,000 GMAP P*Shark
Brooklyn Heights
165 Columbia Heights
Halstead Archive!
Sunday 1-4
$5,500,000
GMAP P*Shark
Park Slope
189 6th Avenue
Century 21
Sunday 11-12:30
$1,895,000
GMAP P*Shark
Clinton Hill
22 Clifton Place
Brown Harris Stevens Archive!
Sunday 11-1
$1,790,000
GMAP P*Shark
Prospect Park South
169 Stratford Road
Mary Kay Gallagher Archive!
Sunday 1-3
$1,260,000
GMAP P*Shark
Why would anyone be willing to deal with New York tenants for a 5% return? Until this bubble, landlords demanded more like 15%.
In fact, the rent stabilization law guarantees them 8% and that is without lying or leverage. And a NY landlord without lying or leverage is about as likely as a NY landlord without tenants.
“And your excuse is ….?”
– bxgrl is an idiot
My excuse is I’m not an obsessed stalking basement dwelling little troll boy like you. Hey, this quoting and responding is easy. And I don’t have to think for myself.
also, when something hot makes the cover of a magazine (especially an in-flight kind), it is a classic contrarian indicator.
No way the Sixth Ave house or any other available property in the prime areas has a 5% return. Unless you know where to get a mortgage at negative 20%.
“At least he just admitted he’s a little kid, which explains the mentality and Grade 2 jokes.”
– Biff
And your excuse is ….?
Aussie, explain how rents will not be coming down when wall street is in mass layoff mode and we are in the early innings of a likely very nasty recession.
and regarding your plumber comment, i will refer you to the famous pre-great depression quote from Joseph Kennedy. “you know it is time to sell when the shoe-shine boy tries to give you stock tips”.
UK – housing melting down
Ireland – housing melting down
Spain – about to enter a recession
people who bought in 07 with euros – underwater both on the fx trade and the RE price (not to mention carrying costs). some of these people could easily be 20-30% underwater right now.
your mom’s plumber can get burned right along with the irish carpenters.
4:41: Another? When did the last one end?
Aussie — Bernard Baruch said he knew it was time to sell (in 1929) when his shoeshine boy started giving him stock tips. When Australian plumbers are speculating in Brooklyn real estate, that’s the top. After he overpays, who is he going to sell to? New Zealand buskers?
“He’s incapable of an original thought.”
– Biff
Who knew you were so self-aware?