Open House Picks: Six Months Later
Comment: Not a lot of action. Open House Picks 12/05/09 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Not a lot of action.
Open House Picks 12/05/09 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
Hey, No One –tough times, huh, sitting on a declining asset underlying an untenable loan? Good luck with that. Meanwhile, some of us have a nice pile of cash, and a lot of patience.
“Why were bullish owners/brokers not called self-serving during the boom? Remember when things could only go up and any nay-sayers were bitter renters?”
Ah the good ole days… And it’s “Please remove this I-Beam from my Ass!!!!!!
The What
Someday this war is gonna end…
yes there used to be the same problem in reverse. why else do you get economic cycles?
Why were bullish owners/brokers not called self-serving during the boom? Remember when things could only go up and any nay-sayers were bitter renters?
Self serving claptrap, MM. Now go back to your tuffet. Find any peas today?
And not only is the spring selling season over (well, close to over — let’s say July 4) but interest rates have gone up. When this happened in July 2007, everything froze. (Until Sept.)
I think the jumbo loan uncertainties have pretty much killed the 1M + market, except for all cash deals. Well, that and the fact that in a declining market it’s hard to pull the trigger.
Rip the band-aid, sellers. NY RE is not picking up anytime soon, and things will only get slower now that the spring season is over. The smallish incremental price cuts will just keep chasing the market down, and find themselves selling for even less than today’s lowball offers.
Once again, only the house under the conforming limit moves.