Open House Picks: Six Months Later
Comment: Down dooby do down down… Open House Picks 1/30/09 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Down dooby do down down…
Open House Picks 1/30/09 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
so if a frame house, aluminum siding, needing major work,
between 3/4th avenue facing the F train trestle on less than pretty block (am I being tactful) sells for $325 sq ft… what do you think you spend per st ft in good elem school district, brick or brownstone bldg, nice block,
nice interior and not needing work in PS?
Well, all these price cuts are very exciting.
This is a debate that can only be settled via bottomline results – ie can each of us bearish buyers land the house at our price points. when I can buy a decent 3 story house in the prime BK hoods for <$1M, I declare myself HAPPY. Until prices tick up, I wait patiently. But if prices tick up before reaching that mark, then I’ll admit I’m wrong and increase budget to $1M+
oh Antidope,
I try and relax as others have suggested and , and add some humor to this thing instead going all macro on your asses….and now you got to go and snipe my brilliantly crafted metaphor.
Looks like those beginner poetry classes at the Learning Annex didn’t pay off.
This market is a long term bear. Highly illiquid with a small buyer pool (and inadequately serviced on the finance side) for properties of this kind.
No metaphor, just cold hard facts.
Woops my post got cut off – meant to say that for sellers, renting out their property, esp if it’s a whole house, is not so easy.
I can’t see how there would be a “need to buy” when the underlying drive to buy is having a place to live and renting currently provides an attractive alternative to buying. For sellers, OTHO, renting out their property, esp for a whole house.
There’s such a thing as “Need to sell” but is there such a thing as “Need to buy”?
antidope I would call that a double on a dropped pop up. Its something but its sure is ugly
Bay Ridge sold for $2.1 mio.
Maybe not a home run, but nothing to sneer at. Certainly, better than a lame metaphor.