Open House Picks: Six Months Later
Comment: Better than some weeks! Open House Picks 4/10/09 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Better than some weeks!
Open House Picks 4/10/09 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
MFN, it was answered – happy renter and not looking to buy at all. Answer didnt matter to me as I was asking out of curiousity.
i am enjoying life, brother, in my humble brooklyn abode.
part of that enjoyment is unmasking the self-righteous who think they know more than the market just because they’ve been shopping.
looks to be a lifelong battle.
[closes door gently, smiling goodbye]
—-
non answer to the question. and talk about self-righteous.
[returns to work, thinking what a total tool]
The buyers of the houses are not stupid, its just that they have TARP money delivered to them in the form of fat wall street bonuses, which by the way, comes out of the pockets of ordinary families who pay taxes. These families are unfortunately getting priced out of desirable neighborhoods where they are hoping to send their kids to a good public school and to raise a family.
I will go on record and say that the 2nd st house is definitely not in the better part of CG – east of Hoyt, more Gowanus than CG, and not one of the deep-fronted garden blocks. North of $1M for that tiny place is astounding.
antidope, self-righteous label would be wasted on me. I’m selfishly greedy is what I am. 1st hand shopping does rank higher then side line banter in my book though.
If & when I do buy a house (distress price or mkt price,…), I’ll invite you over. I am confident it’ll be a case of “the damn blind squirrel did manage to find that juicy nut”
i am enjoying life, brother, in my humble brooklyn abode.
part of that enjoyment is unmasking the self-righteous who think they know more than the market just because they’ve been shopping.
looks to be a lifelong battle.
[closes door gently, smiling goodbye]
Also wonder, you an economist for the Fed or a supply-side think tank?
You seem to consistently be of the “less bad = bullish” persuasion.
“Buy now or be priced out forever!!” has been replaced with “Buy now or you’ll miss the bottom!!”
Lol!
antidope, so what’s your goal? are you looking to buy? when would you be buying? renting forever? already own and not looking? already own and looking to trade up?
“I am thinking we had an initial 20% drop which will be followed by another slow decline of another 10-30% more, but hey, who knows. I wouldn’t buy right now unless its a real steal.”
——
Thank you for succinctly stating the relatively sane, obvious position. Why people seem hell bent on these boom or bust predictions is beyond me.
Real estate bottoms take 5-7 years to complete typically. We’re in the early stages, and downward-trending stagnation is likely the next leg down. Patience and smart bidding and negotation will be rewarded.
Unrelated, I do find Dope putting “peace” on his last post to make himself feel good after starting more pissing contests to be very funny. Whatever you need to make yourself feel good, I guess.