Open House Picks: Six Months Later
Comment: Nice price movement on 2nd Place! Open House Picks 11/7/08 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Nice price movement on 2nd Place!
Open House Picks 11/7/08 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
Going by the photos and floor plan on the Second Place house, it was once an extraordinary and gracious house that has been chopped up into little drywalled apartments with flimsy new doors. How sad.
And yet she made it onto much of the US coinage!!!!!
Dave, the French gave us a hundred crates. Americans had to find a site, build an enormous pedestal and put miss liberty together. the pedestal was a really big deal, nay-sayers called it a huge waste of money, a tasteless boondoggle, and a vulgar giantess.
The New York Times editorial board was dead set against it.
the upper crust (the hedge fund managers of the time) thought it was declasse and outlandish, as we all now it was due to the efforts of the tabloid papers that a drive commenced to gather pennies from NYC’s school children to finance the pedestal and the construction of the statue. it is an interesting story.
10thStreetReno: The past is not the future.
DIBS,
agreed on your points. Leveraged, tax advantaged long term real estate investments can be a superior strategy. There will be ups and downs in valuations like any other asset class, we can all speculate on that if we choose.
What & and all the other guys get fired up on their claims of 50% drops etc. But as I’ve said before, when the time comes to retire and folks do not have sufficient assets to make that happen comfortably, perhaps they will second guess not including this asset class.
Lincolnslope, we are actually fairly flexible so yes, we have a list of criteria (sunny, decent school, minimum sf for us if there’s a rental, NOT new construction, etc.) but it’s not doctrinaire i.e. I like most facades – brownstone, brick, limestone, even some frames (as long as it’s not aluminum siding). We’ve had a few near misses in the past (pre-crash) so it’s not like we’ve never seen anything we like. We’re just more cautious now that time is on our side regarding prices – but we are very much actively looking and ready to go should the right thing come along with a reasonable price.
Lincoln….beers at Waterfront Ale House next Thursday???
Miss M,
What are you looking for in a home? I read this a lot but have always wanted to ask you that. In an ideal (but realistic world) what would you like your place to look like, where?, how much would you like to spend? You have mentioned something on 11th Street that you liked but you have critisized North Slope in reference to the Dean Street place. Why South Slope over North? Why brownstone over limestone if so?
WOW, MM to equate optimists with “building on the sand of a ponzi scheme” is quite harsh. I agree with mcKenzie that more good and more progress comes out of optimistic, long term thinking than of pessimism.
One thing though mcKenzie, we didn’t build that big lady made of copper. Somebody gave it to us, merci.
This line I wish to borrow from you and use in subsequent threads……..”The Dutch settlers on the edge of a scary wilderness did not think they would pay less for manhattan if they waited a couple of more months. ” Fantastic