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]
50% drop would put brownstones in prime Bed Stuy back at what … $250k – $550k?
Please let me know if that happens. Cheapest I’ve seen so far there is $450k for a major 3-story fixer-upper, and it went into contract almost immediately.
How can anyone take pleasure in the potential drop of prices in Bed Stuy? It’s like being the Rush Limbaugh of real estate and wanting Obama to fail. I have just gone to contract on a house in Park Slope. Over the last 3 weeks I have made 3 all cash offers and been turned down on houses in Park Slope, Ditmas Park and Boerum Hill – they were about 90 per cent of asking. Real Estate is selling in Brooklyn!! There are sellers who think it’s 2006, and that must be factored on to houses not selling.
cornerbodega…its up to you to tell me why it will happen and support that argument since its the argument that you are making. You seem not to understand the most basic of things.
Nobody apparently believes the 50% drop, cornerbodega. Like I said, its clear that you don’t have the capacity to argue logically.
Sad, really.
Dibs nobodys stepping up for you on that 50% or more drop. I also see that you have it all figured out. The owners will simply hold out until they get an outrageous price. Housing crisis solved!
mopar…the problem is (as you alluded to) that the RANGE in Bed Stuy is do large…$400,,000-1,100,00. I think it peaked Fall of 2007. I bought in March 2007 and I know comparable places sold for more than mine after that. There’s always a lot of places on the market there that are just not in very good shape…and they sit, and sit, and sit. There are two limestones for sale in the landmarked are but they are priced a little bit too high.
The other problem in Bed Stuy is that so many people have owned these properties for soooo long. They don’t need to sell a lot of the places and just hold out to see if someone will give them an outrageous price. I’ve looked at a lot of those. They will never sell.
Eh, it’s full of twee little shops. I don’t know.
Dave, corner, I believe Bed Stuy is a sound neighborhood and worth buying into, but it could drop quite a bit. I spoke to a broker yesterday who says he knows some houses coming on the market in Stuyvesant Heights in the $500,000s. And actually we were looking at one in that range a while ago. A nice place, but slightly too small (narrow and short). If you consider Ocean Hill part of Bed Stuy, prices there have been in the 400s for some time.
What would you say a typical price at peak was, Dave? When was peak, anyway?
Mopar I like Greenpoint allot. I like it much better then Billyburg. Comparing it to Park Slope though? It is less pretentious and more gritty that’s for sure.
Bed Stuy will not drop 50% or more.
You seem to have some sort of proof that it will. Please, pull it out of your ass and show us. But, if some jackass who posts nonsense and vitriol all the time says it, it must be true.
Its not my fault you could never save up a downpayment. And now with the tighter credit standards, you’re screwed.
here ya go dibs, can anybody with a straight face say that BED STUY WILL NOT DROP 50% OR MORE?