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]
Corner, I’m saying I doubt prices can drop much further in Bushwick. That’s all. I’m not talking about the rest of Brooklyn. We’re in a down market, so of course prices will continue to fall. I have no idea how much they’ll fall in the “prime” areas, and I’m very curious to find out. Bed Stuy is kind of interesting because it seems to be straddling a kind of middle ground. And it is not “foreclosure central.” Not compared to Queens, East Flatbush, and Bushwick.
cornerbodega, you’re such a jackass here. I’m glad your also an omniscient jackass. despite that you clearly have no grasp on homeownership.
Corner, I’m not a newbie to this site or buying and selling property. You sound like a newbie, so sure Bed Stuy prices are going to plummet before the data even comes out. Now if you are a Bed Stuy insider and know about deals being made now, do tell. But it sounds like all you know about the place is its reputation 15 years ago.
“Could prices drop further? I doubt it. But if they do, why would we care? We’re not flippers. Prices will rise in the long run.”
Ok, now I get it, sorry for arguing with an idiot. Somebody who doubts prices will drop in ’09, YOU CAN’T MAKE THIS S*HIT UP!
Well said, cw.
Cornerbodega, we are looking to buy in Bushwick now because (1) it’s where we want to live (2) it’s highly affordable. Prices are 40 percent off peak, they match rents, interest rates are low, we are still employed, and we’re not getting any younger.
Could prices drop further? I doubt it. But if they do, why would we care? We’re not flippers. Prices will rise in the long run.
Mopar, you sound like such a newbie. So many idiots chime in w/o even knowing the most basics of basics. hint hint, theres a thing called lagging data. People arguing that BedStuy holding up? The whole city doom and gloom, but BedStuy gonna be a bright spot.Hahahahah, YOU CAN’T MAKE THIS S*HIT UP!
I have to agree with DIBS. These prices seem to be holding pretty steady. Maybe they’ve gently declined from 2006. I wouldn’t know. All the really seem to represent is 10 percent off ask, which is business as usual in most parts of the country most of the time, although not in Brooklyn during the boom. In any case, I don’t see any kind of sudden decline here, and would not hire the What as an appraiser.
Not saying it won’t happen, but it hasn’t happened yet.
“You know, there’s a lot of people who aren’t “fringe speculators” … they just want to own a brownstone and they can’t afford to buy in “non-fringe” areas.
My wife and I are considering Bed Stuy, and we’re not considering it because of some stupid plan to buy a house there and flip it. We’re considering it because it seems like a decent place to put down roots. Stuyvesant Heights is beautiful and there’s some nice stuff in the way of amenities happening on some of the avenues.”
This assessment of yours is asinine. Well, maybe buying something that will be worth -50% is considered a quality move for you…
I hope you become a regular reader and commenter on Brownstoner, imglad.
You sound like you have some great things to add here.