Open House Picks: Six Months Later
Comment: No good news here. Open House Picks 10/10/08 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: No good news here.
Open House Picks 10/10/08 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
Lechacal wrote:
“For those who got into the whole “team bear” and “team bull” thing: It has now been several weeks straight of very bearish news. But there are almost no self-congratulatory posts by the bears trying to rub the bulls’ noses in the news. I don’t think most of the bears are the heartless jerks they are sometimes made out to be (a few notable exceptions like cornerbodega aside). I actually think this site is remarkable for the general civility of the discourse.”
You are right. Several weeks of 6-month open house updates have been in line with the mainstream line of team bear thought. And you are right about civility and the absence of nose-rubbing in this thread, until 1:55, of course. These are troubling times and there are so many different tea leaves to read.
“No Good News” for who…sellers who either bought years ago and are unrealistically in the black, or bought too late and foolishly overpaid.
Please.
What’s this horsebleep about feeling bad that prices are coming down to sustainable levels that ordinary dual 6-figure income earning families can consider.
Barf.
Actually, Chosen, I though I’d read recently that the Tennis Club still exists. Here’s the article: http://www.nytimes.com/2008/11/01/nyregion/01metjournal.html?_r=1&partner=rssnyt&emc=rss.
“For those who got into the whole “team bear” and “team bull” thing: It has now been several weeks straight of very bearish news. ”
Thank you Captain Oblivious! Wow what we would do with you?!
“But there are almost no self-congratulatory posts by the bears trying to rub the bulls’ noses in the news.”
** The What grabs the back of the Bull’s head and smashes it in the pile of Doo Doo!***
” don’t think most of the bears are the heartless jerks they are sometimes made out to be (a few notable exceptions like cornerbodega aside).”
Me me me!!! I’m a “heartless jerk” too!
What can we say? The news is not bearish, it’s down right frighting!!! This is the collapse of the Mutant Asset Bubble and you better start to embrace it!
“Comment: No good news here.”
The Asshat in Charge is starting to get it, you better also…
The What (Skittles at the open houses)
Someday this war is gonna end…
OK, soviet-style was a bit harsh… but other than the little historic enclaves, this part of Flatbush is lacking a bit of the “charm” one would want for a million bucks… Or am I wrong? If you are going to pay a million dollars for a small house, you want to be surrounded by low-income, badly maintained apartment blocks?
(BTW, just because they are “pre-war” doesn’t mean they’re not big ugly, charmless buildings.)
http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=2117+Albemarle+Terrace,+Brooklyn,+NY+11226&sll=37.0625,-95.677068&sspn=41.089062,68.730469&ie=UTF8&ll=40.648769,-73.95921&spn=0.009638,0.01678&z=16&iwloc=A&layer=c&cbll=40.648741,-73.959704&panoid=xodQNLpN6MDD7aaO00dQsA&cbp=12,263.8177499134886,,0,-19.974424552429664
The Albemarle terrace house is actually not surrounded by “Soviet-style apartment block” buildings. The majority of the buildings near that house are pre-War buildings with good bones. Many of these buildings unfortunately have not been kept in good repair. The problem is that Albemarle-Terrace which is a historic district, is cut off from the rest of “Victorian Flatbush” and PLG for that matter. The west facing homes back onto the commercial properties on Flatbush Avenue and some of the north facing houses look out onto the Dutch Reformed Church cemetary.
When these houses were built, there were homes of various styles – Arts & Crafts, Queene Anne’s, etc… where those apartment buildings now stand and there was even a country club, hence the street name “Tennis Court” which connected the now isolated enclave to the rest of Victorian Flatbush.
No reason to call the house on Albemarle Terrace Victorian Flatbush, as it is in the Albemarle-Kenmore Terraces Historic District, a section all to itself, designated a historic district in 1978: http://tinyurl.com/ctfw9o.
These houses were designed by Slee & Bryson, who were possibly chosen by the developer of the site after the success of their work at 23-49 Midwood St. in PLG.
And the reason this house is off the market is that its owner rented it out in November, wisely choosing to hold onto it.
150 bond is just a shell? if so, I’ll wait patiently at $700k.
Kidding aside, shells are only for developers now. It takes way too much time and cash for a regular buyer to afford or want to deal with it.
Seller might as well just sit on it for better market conditions cause there’s no real sign seller willing to make the needed big price cut to move it.
The Bond Street house is a short block from some projects that can be very dangerous at night (I have a good friend who lives very close to this place and I have heard shootings, have been threatened by groups of people out looking for trouble, etc). I frankly don’t think I would agree to live there for free, but that’s just my own personal view. Also, the Bond Street place is in mid-contruction (someone who ran out of money mid-reno, presumably). I admit that I haven’t actually looked at the place, but can anyone put forward a serious argument for why this place should sell for over a million dollars?