Open House Picks: Six Months Later
Comment: So-so. Open House Picks 8/8/08 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
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your next project Comment: So-so. Open House Picks 8/8/08 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
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your next project
The logic of Maly’s argument breaks down pretty quickly in a falling market, and has never kept a bubble from popping in all of history as far as I am aware.
Maly, I have no idea what point you are trying to make.
Look at the sellers, for example, who bought the house for 1.3M and sold it 4 years later for 2.4M. They probably walked away 1.3M, quintupling (mm make that) multiplying their initial downpayment by 5.
They could turn around and buy a smaller 1 family house in Carroll Gardens with a minimal mortgage. What do they care if it is overpriced?
lechacal, PT Barnum has a phrase for your use.
I wouldn’t think it would change your views, Lechacal. Nor should it. I think what Maly said is correct…you seem to know your stuff, but I’m not sure you realize that some people just walk into a house and fall in love.
I never saw that house in person, but I really liked it from the photos. I also think the location can’t be beat if one digs Park Slope.
I still think the WT houses are overpriced even with the price chops
At least the Berkley Place got close to asking…
Gee, that little East Flatbush house looks like a deal. I didn’t see it six months ago. Is it cute?
The top and bottom are doing well, not so the ones in the middle.
Well 11217, what can I say — I continue to be shocked by the sale price, which made no sense given the state of the property, comps, school district, etc. The sale price certainly doesn’t change any of my views about the market generally or about this place in particular (of course other than my view that no one would be stupid enough to pay anywhere near asking, which clearly was wrong).
> “There’s trouble brewin’ I tell ya. Mobs with torches soon.”
Tiki torches? Let them please be tiki torches!