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]
fine. but this week was not a draw. if i were one of the four sellers from that awful week in april either a) i priced fairly and sold well or b) i priced extravagently and didn’t need to make a sell so i am not terribly unhappy.
i guess there is option c) which is that the seller set such a high price bc they used their home as an atm machine to fund a lavish lifestyle and are now hanging on, just barely, resisting all market offers…until, the bank takes over.
peace.
‘Dope is nothing, if not predictable. Posting on every weeks largest sales or every six months later board that has more than 1 sale with “when will this idiocy stop” or some other version of it.
Its going to be a while before we know for how long and how far prices are going down. I haven’t seen anything in any of these type of threads (or actual NYC data) that show a major collapse, nor have I seen any evidence of firming. 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.
All I really know is that they government is propping up housing right now. Just have to see if their arms get tired before we have an actual non-government induced economic recovery.
antidope, I throw the stupid buyers comments left and right back then. post some feedback from you & others, I curtail the “stupid” references. you & I have had multiple exchanges on what is my goal so let’s not make these moving goal post comments. in case you forgot those exchanges, let me repeat it for you. My goal is “I” hope and am confident I will be buying a house at distress prices. I actually prefer the mkt to do well while I’m able to buy a house for cheap cause that would be a bargain – ie cheaper than comparables others see and buy in the mkt. If I don’t find the distress priced ppty, I’ll buy what I can afford comfortably when prices go up.
m4l- you are moving goal posts…again.
2 non sellers from unrealistic and way-above-market asks are not equivalent to distressed sales, which is what you were predicting and are still waiting for.
look, on average things ARE taking longer to sell and are coming down a bit. so patience for buyers is appropriate but bottom fishers need to find the unadvertised, distressed property. and they’ll get a potentially great deal if they’re willing to renovate.
i hope you read more carefully before you sign binding contracts; there was no mention of you or your EGO in the april comments. got it?
Posted by: antidope at October 9, 2009 2:36 PM
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More about your lack of ego I think than any show of one by me. Poor fella feels the need to post about waiting on me to “start slamming doors”
Does poor baby need a little attention?
Got me on your brain even when I’m not here?
Sad.
But thanks for confirming what I just said: There were no comments by me on the houses 6 months ago. So what exactly were you expecting me to slam doors about on this 6-month update? Please enlighten us all, I’d like to know where the silver lining is here.
Here are the facts:
–50% sold below ask,
–50% continue to twist,
–buyers who purchased this year have paid higher interest rates than needed.
And this was WITH one of the great reflation trades of all time. Heaven help those with large payments to make when the stimulus runs out.
So, seems like sitting and waiting continues to be a great decision for any would-be buyer. Nothing to slam a single door on, just sit, wait and to use one of my like minded poster’s handles, get “more4less”
Sorry to burst your bubble.
Antidope, 2 of the 4 listed has not sold. the classon one dropped price big time – ie proving that seller admitted the rich sucker who would pay that stupid price is indeed extinct. The cobble house is off market so it’s ultimate state is TBD. so 2 sold for better prices than I expected – wins for you. 2 didn’t – wins for me. 2 vs 2 is a draw
i hope you read more carefully before you sign binding contracts; there was no mention of you or your EGO in the april comments. got it?
poor, poor girl. would you even consider spending your money on her therapist? i thought not. i feel bad for the innocent.
yea, got it on the widget appraisal, collective wisdom was off by 19%. par for the course. of course, folks like yougetwhatyoupayfor or his cousins guess 700K, and missed by 55%. but they’ll be right some day on at least one prop, I predict. here’s looking at 65 prospect park west or 174 clinton ave.
Oh, and for the record, not a single negative comment 6 months ago by me on either house that did sell, so again, what exactly is your point?
That prices continue to drop? Yes, we can all see that. Congratulations.
Antidope,
that appraised value on 2nd street in is the widget appraised value,,,not a real one.