Open House Picks: Six Months Later
Comment: Not too bad, actually. Open House Picks 7/25/08 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Not too bad, actually.
Open House Picks 7/25/08 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
Aussie…you working in Singapore now??? Same firm???
Hope its going well there.
Dave
DOW (BHO)I have a lot of respect for your analysis (way of thinking) but you still only have a 50% chance of being correct. Signs of a property stabilazation before June will mean we are backing away from the cliff. As you know trends turn on a spike… the case-Killa acceleration could well be that spike.
New York is not the only place “holding on”. Houses in major Asian centers have not dropped (just showing signs that they will). I was looking to buy or rent here 4 months ago and have held on as long as I can for the drop that hasn’t come. Today I signed a lease for a place for SGD8000 per month. That’s a lot more then for an equilavent place in NYC. Even if it drops 15% it’ll still be more than NYC. Somehow that doesn’t make sense to me.
“Attention All Assclowns”
Attention Lesion,
Welcome to the Greater Depression. Case-Killa is down -13 percent and GETTING WORSE MONTHLY. And here’s the kicker: October’s crash aint even factored in yet. Lag (2 months for index) upon lag (at least 3 months between contract and close). When Case-Killa turns that October ’08 corner, Brownstone Brooklyn TM prices will get murdered.
(Team Loon/Bear – Growl!!!)
***Bid half off peak comps***
I’m actually really amazed at how prices in NYC are holding on. I thought for sure we’d see more declines by now. I’m actually getting more optimistic, which is ridiculous. If things continue on in this vein, and the US doesn’t default, the nadir could be first quarter 2010.
lol, Legion.
cornholeio,
no problemo bro. glad to be of assistance. there is no excuse for ignorance in this day and age. not when ironic idiocy abounds.
Legion, thanks for the first lesson they give out in “Idiot 101”. We appreciate you wasting all those keystrokes…
Attention All Assclowns;
Some sobering facts to temper your acrimonous assault on optimistic homeowners.
1. New York City is still a center of world culture, financial, literary, artistic, fashion, architectural, musical, etc, etc.
2. New York City’s population continues to grow.
3. New York City has been here now for about 400 years.
4. Recessions come and go. The economy is cyclical, what goes up comes down then goes up again.
5. People need housing. Families like housing with space for children.
6. Bedford -Stuyvesant is the only Brownstone neighborhood left that’s affordable and still within 15 minutes of Manhattan.
7. Owners in Bed-Stuy who find themselves overleveraged now have the option to apply for loan modification, refinancing at historically low rates or simply renting out their units.
8. There is and always will be a strong rental market in this type of neighborhood. See points 1-6, above.
9. There is no massive meltdown in Bed-Stuy housing as far as I have seen. Contrary to what certain assclowns have been predicting here for going on two years. What I have seen is a reasonable price correction and a pull back in supply as owners refinance, rent or modify as stated before.
10.The laws of supply and demand are still in effect.
Deal with it assclowns.
imglad…it looks like you’re new here. Again, welcome to bed Stuy and welcome to brownstoner. Unfortunately there are a lot of people like cornerbodega on the site. They think they know exactly what the property market is going to do. Most of those who think this way weren’t able to figure it out on the way up so now there’s sour grapes. His personality is such that he delights in predicting other people’s loss of equity. He probably has never been very far from his own neighborhood and hasn’t ever seen how property works in different neighborhoods in cities across the country.
Pay him no mind.
You should be able to find civil, helpful discussion on the Forum posts whenever you need info about the house or recommendations.
On all the Home Page threads.join the fun and have a blast.
dave