Open House Picks: Six Months Later
Comment: Mixed bag. Open House Picks 8/22/08 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Mixed bag.
Open House Picks 8/22/08 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
Ummm,
What can I say?
You’re living in your old world, Dave.
Very little is selling. Prices are tanking. Hundreds of thousands have lost their jobs.
What will it take for you to realize the obvious?
The statistics you want won’t be available for months. Aren’t you in finance?
Lol what an idiot, dibs wouldn’t evidence be prices for ALL SALES? Oh sorry to break the news to you again, when people refer to Brownstone brooklyn, they mean prime not the ghetto. For your sake, I hope you at least realize this?
“When we SEE sales of 50% off peak, then we can talk. Until that time comes, you all are just spewing crap.” – 11217
You would have told me the same thing if in 1995 I told you that prices would skyrocket +200%.
“All of the recent recorded sales support my viewpoint that there is no evidence of prices falling off of a cliff.” -dave
Recent sales without the backdrop of the whole market? Very representative, dave.
“They [media outlets] are BANNED from stories involving any good news right now. The good news doesn’t sell in this day and age. It’s being ignored.” – 11217
What if, hypothetically, they profited from good news? Where on earth would they get it from?
“But I’ll be living rent free in 15 years after I pay off my mortgage.” – dave
[Big time hedge fund manager takes 15 years to pay off Bed Stuy mortgage. Doesn’t add up.]
***Bid half off peak comps***
I’m not sure I understand, IronBalls. If I have the income and I have the downpayment by mid 2010, which I think I will — why I wouldn’t buy in Park Slope if the prices dropped 50% from peak. I’d be scared to buy because it was cheap? Can’t see why.
It’s not like the Slope’s going to turn into a slum or something.
“You’re confusing your own personal “desire” that prices hold up with all the evidence out there that prices are tanking and will continue to tank as our economy contracts rapidly.”
Show me the evidence that Brooklyn brownstone prices “are tanking” IB.
Please, I want to see the evidence that you speak of so that I may learn. Please share that evidence with the stock boy at the bodega so he can show me as well.
Factual evidence, like house prices that appear in the Weeks Biggest Sales.
I think the prices will continue to slide a little for the next year. But everything will be losing value, including cash. I bid based on what I had been seeing over the last year. I was supposedly in the best position having sold before the decline and was renting. But, I’d rather have a house in Brooklyn than cash in a bank that the govt will have to rescue. I was renting for $4500. a month for a five bedroom coop in Ditmas Park. It’s a great time to buy. Go for it and thrive in the greatest city in the world.
Conerbodega’s ignorance is terrifying.
It’s got to be an act.
Dave,
Real estate price don’t usually “fall off a cliff.”
They usually take time to fall due to the limited number of transactions.
You’re confusing your own personal “desire” that prices hold up with all the evidence out there that prices are tanking and will continue to tank as our economy contracts rapidly.
Yeah, cornerbodega i’m toasted. But I’ll be living rent free in 15 years after I pay off my mortgage. You on the other hand will have seen your rent double.
Try and learn something here, jackass.