Open House Picks: Six Months Later
Comment: Are these sellers living in some other planet? Open House Picks 4/3/09 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Are these sellers living in some other planet?
Open House Picks 4/3/09 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
the details are right there for you to read.
while i don’t agree with bho’s prediction, he is right that housing prices appreciated a ton over the approximate 10 year period.
one could argue that a portion of it was a catch up from the last housing slump in the early 90s, but I am not interested in splitting hairs. there was a major appreciation and the top has been taking off. that much is pretty definitive.
the real unanswered question is whether we are in a temp or firm plateau. no amount of cyber table pounding will answer that question.
Not exactly direct comp for 11217, but the house I lived in in 1992 on Congress between Hicks and Henry sold in 1994-1995 IIRC for $750k. Definitely needed work. We couldn’t believe our landlady got that much at the time.
So antidope,
Did houses (which now sell for 3 million) in general go for 300K in Brooklyn Heights in 1995 or was there an issue with this house?
I’m genuinely curious because I know my neighbor paid a little over a million for their house in 1998.
Either prices moved up a ton in those 3 years, or the North Slope was much more desirable than Brooklyn Heights in the 90’s.
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Nice backpedal.
“Someone said they bid on it in when it was listed at $350k.”
I know this might come as a shock, but I don’t believe every word I hear on Brownstoner….
If you’re saying that the going rate for townhouses in Brooklyn Heights was 300K in 1995, I will take your word for it.
Otherwise, I think that either there is misinformation or that the particular house in question was not the norm.
“The Real Deal article (which is the one who threw out the 5-10% number?)”
That wasn’t Real Deal’s take. That was Massey Knakal’s take. Did YOU read? At least re-read the headline: ‘Toppling The King’.
***Bid half off peak comps***
11217,
I believe the $3m to $300k was a reference to the HOTD yesterday. You know, the one by the movie theater.
Someone said they bid on it in when it was listed at $350k.
So antidope,
Did houses (which now sell for 3 million) in general go for 300K in Brooklyn Heights in 1995 or was there an issue with this house?
I’m genuinely curious because I know my neighbor paid a little over a million for their house in 1998.
Either prices moved up a ton in those 3 years, or the North Slope was much more desirable than Brooklyn Heights in the 90’s.
Oh GTFOOH, 11217! You said “National Gaurd!”. Knakal made those numbers up and you’re in the same camp. Ya’ll went from Team Bull to Team Reasnable (sneaky transition to Team Bear) and now you’re well on your way to “shitting in the woods”.
I understand the article. And so would Howard Cossel.
DOWN GOES BROOKLYN!!! DOWN GOES BROOKLYN!!!
***Bid half off peak comps***
“Anyone in BH care to refute this claim?”
How about the guy from yesterday’s house of the day. He offered 350k and accepted.
No sense of history, numbers or economics. Otherwise, best in pumping re.