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]
It’s like saying that you saw somebody buy a can of soup for four dollars that was only worth two dollars.
Does that mean all cans of soup are actually worth four dollars?
Of course not. Even Europeans don’t pay that much for canned soup.
I think the majority of people would reference those sources vs. dibs a two bit ghetto speculator who got burned big time or 11217 who doesn’t know the meaning of a relative % price drop…
Dave doesn’t need to suggest facts.
They are here every single week in the recent sales listings.
Or you can go to a website called http://www.streeteasy.com and see that there are sales happening every single day in this city.
When we SEE sales of 50% off peak, then we can talk. Until that time comes, you all are just spewing crap.
“All of the economists so far have been wrong!!!”
Very true. But that was still a PWNING because the outcome will be WORSE. That is the current trend in economic forcasting (even for Noriel Roubini), not the other way around (i.e. overestimating a hard landing).
Team Bear…We Go Hard…
***Bid half off peak comps***
11217,
It’s a good thing you’re in the music business and not in the real estate business.
Dave hasn’t quoted a single “fact” supportive of his argument that brownstone prices in Brooklyn are holding up.
Using Dave as “supportive evidence” always a bad idea. You might as well quote the What.
“Brutal PWNING by cornerbodega at February 27, 2009 3:21 PM.”
Actually not at all.
Cornholedbodega is using PREDICTIONS as his facts. All of the economists so far have been wrong!!! Remember a year ago when they ALL said the economy was in for a soft landing??!!
Dave and others are going by FACTS currently on the ground. Brooklyn and NYC prices have indeed held up beautifully. The rest is speculation about the future, of which no one knows yet.
You can’t say someone is correct based on their cut and pastes from predictions from economists who have been wrong more than they’ve been right!
Especially not when they are cut and pasted by a sociopath.
DIBS, It was not a HOTD, but a gut renovation not quite finished that friends were doing and couldn’t finish. I sold my house in Cobble Hill last July and have been renting. I greatly honor your pride in Bed Stuy. Everyone should take pride in their neighborhhods whether they rent or own. There’s very little civic discourse going on here, which the times call for. Stay strong!!
CWB,
The problem with your theory of being able to buy in Park Slope when prices drop, unless you’re an all cash buyer, is prices will have dropped for everybody, not just you.
It’s hard to explain, but economic conditions (aka mortgage requirements, incomes, market psychology) change not just people’s perceptions of what things are worth, but make the risk level of buying into a falling market much greater.
Maybe you’re an exception. I too believe I have iron balls when it comes to real estate investing. But most folks can’t muster the courage, and more often the cash, to buy when things really look bad.
Brutal PWNING by cornerbodega at February 27, 2009 3:21 PM.
All that from Miller Samuel of all people (former cheerleader).
Team Bear…We Go Hard…
***Bid half off peak comps***