Open House Picks: Six Months Later
Comment: Better results than the past few weeks. Open House Picks 7/11/08 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Better results than the past few weeks.
Open House Picks 7/11/08 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
11217…you are as amazing as I am in that we both continue to engage the loons.
11217 – there are plenty out there who called this economic crisis ahead of time, saying the emperor had no clothes, and were dismissed as hacks/loonies, etc. at the time, and only now is the shoe on the other foot. Not to claim that I am smarter than anyone else, but let’s face it, the writing was on the wall for a long time so in a way, when the meltdown happened, it really was not such a surprise to me and those who were seeing things deteriorate. That said, many were partying like it was the boom years, and I’m sure the buyer of 14th St house was among those people who clearly were feeling very optimistic about the market when he bought. There were some people still feeling that way this summer. I will admit to underestimating the judgment of those still in this frame of mind last summer, since I thought otherwise. But truly, do you really think this guy is not going to lose money now? I mean, I think the party really is over now – I just mis-called the time it ended when I wrote this summer.
Wasder – although there are 2 sales here – one is “pre-Lehman” (not relevant to today), and one is fraught with strange facts, e.g., re-listing it immediately after closing. Hard to know what to make of that, but I don’t see anything to cheer about here.
And another:
“ruly, I will be stunned if this gets above 1.7.”
And I think you were mostly talking about the sellers here…so your argument holds not water. The SELLERS DID get 1.995 million. Not 1.7.
Doesn’t really matter now that it’s re-listed because you kept saying the SELLERS would never get their asking price.
AND THEY DID!
Ok – I know no one noticed my posting early on in this thread, but did some diggin on the Warren Lewis Website and sure enough that 1.695 3 story brickface house on 14th near 7th avenue is with them as a Co-Exclusive!!!
It’s just odd to me that a house 2 avenues down the block is going for 400K more than this house
http://www.warrenlewis.com/cgi-bin/re/re_show.pl?re_command=show&ID=6740
but still both prices are too high!!
“None of this adds up to “better results”.
Better than no sales at all as has been the case a few times recently.
Another quote from you Miss Muffet from July on this house:
“So, I don’t think a close under 1.8 is out of the question – wouldn’t be surprised is this closed closer to 1.7 but who knows, this market is weird as some properties sit and sit and get lots of price cuts and others have been doing OK (though the news does seem to be getting worse every day and historically NYC tends to lag rest of country with real estate) – though it does seem the clear consensus that no way will they get near ask…”
Last line says it all on how you were absolutely wrong…
11217 – Point taken about his reasons for selling. But the really important info regarding the market will be seeing what it re-sells for this time around. And I stand by my point that he will rue paying as much as he did, regardless of his reasons for selling.
“11217 – clearly the seller regrets paying that price. It was obviously a bad decision, a mistake.”
You know no such thing. He could have been offered a job out of state/country, could have had his wife walk out on him, had a family member die, who knows?!
I’m sure you’re probably right, but you don’t KNOW that this was a bad decision or mistake.
You speak as if you are a know-it-all, and the fact remains that the house sold for it’s asking price in October when you were SURE it never would.