Open House Picks: Six Months Later
Comment: Tough times at the higher end. Open House Picks 12/12/09 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Tough times at the higher end.
Open House Picks 12/12/09 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
me bid $1
then $2
$3
then ask if can rent lower duplex instead
Our house on ebay
Or in your grocer’s freezer
Steps from everything
drip drip drip no need to rip
I aint greedy
10k per month drip is enough
it aint haiku but I wasnt trying to
BKgreene, when can I drop by to check out your pad for that $999k price you mentioned last time? I aint that greedy – 999k low enough for me
Yes, Smudge, and that would make them even MORE overpriced!!!! LOL
I paid over ask ONCE in my lifetime of purchasing about 15 properties. That was in 1998 in Philadelphia. That house was underpriced at the bottom of the market!!! At closing, Prudential Fox & Roach, who controlled 90% of Phladelphia, said I was the first to pay above ask in many, many years. It was just the beginning. But thats a different story.
Happiness pervades
Fleeting sensation of warmth
Brush on your shoulder
Lincoln Slope, you got it right.
“MM, many houses are overpriced, even during the peak of the market. ”
Uh huh.
Here’s the search results page for “six months later”:
http://bstoner.wpengine.com/mte/mt-search.cgi?IncludeBlogs=6&search=six+months+later
Here’s the oldest entry from that page:
http://bstoner.wpengine.com/brownstoner/archives/2007/12/six_months_late.php
Note that two of the properties sold for over ask. Would you like to guess how many of the later posts show two of the four properties selling for over ask?
Yeah, I mean I have been reading this blog for a while and Miss Muff loves fear. It is what makes that price so much better for her. I am in the same place since I want to buy in a few years, but I don’t constantly scare people about the end of life and value of property, etc. Who knows what will happen. You now live in a rental while your kids are growing up. That might be fine for you, but I am sure you spend all the time thinking about where you will live and where you can buy and all that stuff. Thinking about how your kitchen is not what you really want or could afford and instead just settling. (Not that renting is bad, but if you are constantly thinking about how its not where you really want to be and are just thinking about prices of brownstones it is.) Just relax. We could have massive inflation because of the US$ printing and you just missed an opportunity. Who knows? Just be happy.
MM, *you* are the one *trying* to peddle fear because it suits your needs.
I am neither a bull nor a bear. I am an old decreptitudant (thank you Benson for the Word of the Day), so I know that nobody knows what’s going to happen. So far in Brooklyn, as far as real estate values are concerned, nothing much is going on either way, despite what your “friends” tell you.
I wish you would find your 750K brownstone (is that too much? should the boomers who snatched these places up for “a pittance” be happy with 500K, since that would leave them a “handsome profit” of maybe 400K?) between 8th and the Park, between President and oh, maybe 3rd St., and go on your way. But I also know that in the unlikely event that your dream becomes a reality, the very next day after your closing you will be on this site screaming, Prices have nowhere to go but up!!!!!!!