Open House Picks: Six Months Later
Comment: It took 15-20% mark-downs to get these deals done, and they were pre-Lehman. Open House Picks 9/5/08 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: It took 15-20% mark-downs to get these deals done, and they were pre-Lehman.
Open House Picks 9/5/08 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
Biff…its real estate haiku. There are different rules.
I am convinced now after watching that brilliant Jon Stewart clip from 2 days ago that showed Rick Santellis rant and clips from the past year over on CNBC that no one knows anything about anything. Everyone is full of crap. And to sit here on brownstoner and try to figure out the market is a joke, especially from bloggers who sit on the bums all day and look at the internet. Sorry.
what % drop in comps from, say, early ’08 or mid-2007 do these sales represent? anybody know? anecdotally, even? cuz those sale prices, even with the discount, seem high to me. or maybe it’s just from where we are now, anything like those numbers in those neighborhoods seems high…
I thought a haiku consists of 17 morae. That was closer to 217.
ditto, that was hysterical. You have me belly laughing!
Brownstoner,
Links aren’t matching up.
You’ve got a link to
Open House Picks 8/22/08
instead of to September 5, 2008 open house picks
http://bstoner.wpengine.com/brownstoner/archives/2008/09/open_house_pick_201.php
Mr. B – I don’t think the Open House listing from Sept 5 is posted here – it brings you back the the Open Houses from Aug 22?????!!!!
You mean England and its colonies
Market forces are working because prices have dropped dramatically. Even places like SF are now “cheap” compared to Brooklyn. You have to have big price cuts before you get the situation described above: “With favorable home prices and historically low mortgage rates, affordability in the California housing market is now at its
highest since the start of the decade.†After those cuts occur here, our market will eventally work its way back to health.