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]
Thank you 11217 you nailed it. I have now posted twice that I bought a house and got no reaction either today or yesterday. It’s funny how when you post something that actually has happened, no one responds.
“You all didn’t buy anything then, and you aren’t going to buy anything this time either, because you can’t seem to wrap your head around the idea that nyc IS more expensive than the rest of the U.S.
Always has, always will be.
You need to get your head of your asses and stop waiting for Buffalo prices in the capital of the free world.”
QOTD!!!!!!!!!!
ditto explained his remark above to me in the Open Thread. I think this sums up cornerbodega’s problem somewhat…
To horribly summarize, and students of philosophy please excuse me, Seneca observed the frustation people feel based on an optimistic and unsupportable belief that the world is fundamentally just, that they themselves are just, and that they will be rewarded accordingly. When of course fortune intervenes and everything goes pear-shaped for them/or others get what they themselves want, it becomes an anger at why me, a lot of “its not fair” psychology (because it was meant to be fair etc).
He recognized this silliness and invented, for want of a better word, stoicism. Your friend CB seems like a missed-opportunity world is unfair rant-against-others type hoping for indivduals to fail.
He has more deeply seated pathological issues than just this but this is the basis for his real estate rants.
Sad really. He could probably ne somewhat normal if he sought treatment.
All right guys, let’s not get into the same silly arguments and misunderstandings. Everyone agrees prices are dropping.
Dave, very interesting. I know what you mean about wrecks that sit and also unreal prices. What would you say price (actual selling price) at peak was and is now for a 20-wide townhouse in Stuyvesant Heights with solid mechanicals/structure and original details? (With maybe four stories and one rental?) And is it hard to find one of these? (I mean, realistically priced, in good shape, from a real seller, etc.?)
Situation is slightly different in Bushwick. Far fewer long-time owners, for one thing.
The bubble days are over, yes.
But you and your cohorts speak as though NYC prices are going to be at Toledo, Ohio prices in 12 months.
The thing is…even during the last bubble pop, prices were still high.
You all didn’t buy anything then, and you aren’t going to buy anything this time either, because you can’t seem to wrap your head around the idea that nyc IS more expensive than the rest of the U.S.
Always has, always will be.
You need to get your head of your asses and stop waiting for Buffalo prices in the capital of the free world.
cw, do you not comprehend that nyc housing bust is at its infancy? Please tell me that you do since you’re a prospective buyer…
In a world where GM, Ford, Chrysler, AIG, Citibank, Bank of America,etc are now worth zero, Brooklyn real estate is performing quite well. Of course the bubble is over, but brownstones and townhouses are not going to drop 50% anywhere.
Of course real estate prices won’t drop 50% overnight. It’ll might take a year or two for folks to fully realize the insanity of the recent bubble and for prices to hit bottom.
Dave’s repetitive rant that there are still a few buyers out there proves nothing.
Real estate prices are plummeting and will continue plummeting until monthly mortgage payments can be covered by potential rental income.
The bubble days are over, Dave. Face it.
*3-story major fixer-upper