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]
[waiting for yougetwhatyoupayfor, i mean, moneyfornothing to walk in and start slamming doors]
Posted by: antidope at October 9, 2009 2:04 PM
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Man, you really spend your time trolling a real estate porn blog and wait for people like me to make a response? That’s sad, man.
But since you insist:
Always a buyer willing to purchase a place, never stated otherwise. And as I’ve often mentioned before, each and every one of them that has in the last 18 months is, without question, negative equity (and paid a higher interest rate as they’ve kept plummeting).
May be fine for most people in a long-term situation. But unless you are severely pressured to purchase, I see no need to put yourself in that position.
But in the meantime, let’s be sure to point out here that 50% of these did NOT sell, and the 50% of them that did both sold for under ask.
So until you start seeing places go at or above ask, the trend is down.
So, Dope, I’ll sit in my 600SF rent stabilized apartment in Soho, walk the 3 blocks to my design firm, and use the time I save commuting to spend more time with my lovely 22 month old daughter.
All the while, squirreling away thousands in cash to increase my purchasing power.
Not so much a door slam as a bitch slap, but there you have it.
parse if you like and by all means keep hunting for your bargain. which is something that should/can be done in any mkt.
however, u did refer to all the sellers:
“Odds are that these sellers will see the easter bunny sooner than the now extinct rich & loose sucker
Posted by: more4less at April 10, 2009 1:53 PM”
guess the “rich & loose sucker” is not yet extinct, right?
or they all saw the easter bunny. 🙂
ROFL, Pete. Actually, I love that little Carroll Gardens house, which, as I recall, was renovated really nicely. And I don’t think the price was bad when you consider buying an entire house versus buying a comparably priced co-op or condo nearby. And to be fair to me, Pete, I never said it was “not the most desirable part of CG”; I only expressed my PERSONAL PREFERENCE for a slightly different part of CG, as you and I have since discussed in person. (I haven’t picked out my $3 million house yet, but I’ll let you know when I do.)
BTW, Pete, I wanted to email you last night to invite you to join us at Henry Public but couldn’t remember your email address, though I was sure you gave it to me at Ratifico.
Antidope, 1 out 2 for me aint bad. my venom was for that stupid classon house’s price and a little for the small carroll garden one (am still surprised by the very healthy sales price). Overall, I see the outcome as a draw, btwn the bear bull debates, on these 4 ppties.
I do admit the buying interest so far is stronger than I anticipated but I myself remains in greedy bargain hunter mode. some folks might be willing to drop $1M or more some of these so so houses, I expect more bang for my own bucks.
[waiting for yougetwhatyoupayfor, i mean, moneyfornothing to walk in and start slamming doors]
IJ -“The 2nd St. house’s sale price points up the argument people were making earlier this week about the HOTD in Carroll Gardens. 1.08 for a house in a more desirable part of the neighborhood is a pretty good benchmark.”-
Don’t really understand the point you are trying to make??
This is a small house and not the most desirable part of CG.
(right CGar?)
And CGar – so which house are you gonna buy with your 3m$?
Yes, Antelope, it is certainly fascinating what is going out there.
I guess financing costs are still very worthwhile. *I’m* certainly glad houses are selling at decent prices.
The South Oxford house is a one-family with no real possibility to be converted. I’m not sure about the other house that sold but I assume it’s a one-family as well.
It seems the 1 to 1.5 million dollar range in good locations (either recently renovated, or an older renovation in need of new-owner update, or houses even needing a complete renovation) are still selling.
On another note, although it was bought when the market was higher last year, I am amazed that such a large renovation was done on the oddly laid out, double duplex clapboard on Cumberland. I knew past owners from many years ago. At the time the house was very interesting inside to say the least. I used to love the country cabin-like kitchen in the back with the little wood/coal stove in the middle of the room with the flue pipe rising to the ceiling, a lean-to woodshed in the back…cute like Francis Guy’s paintings of Brooklyn (Heights) or a Currier and Ives print.
The house got quiet a redo and was in pretty good shape when it sold for a nearly 2 million dollars. Maybe the new owners wanted to combine the two duplexes into a one-family.
In terms of where the market’s going, I’m not sitting here “crunching the numbers”, so what do I know? I’m sure there are people out there keeping spreadsheets on all the sales and could give us a better idea of the state of things.
I know the Verandah Place carriage house well. There are pros AND cons to living right on Cobble Hill Park, plus the house is small and has virtually no outdoor space. It’s nice, but IMHO, it’s NOT $3.1 million or even $2.795 million nice. I’m totally mystified by the pricing. Granted it was 13 years ago, but in 1996 you could’ve had your pick of carriage houses on Verandah Place for $500,000. I’d much prefer to take my +/- $3 million and buy a “real” house elsewhere in Cobble Hill, or even in Brooklyn Heights these days.
“I’ll point out that many thought this S. Oxford house was too narrow and wouldn’t sell…”
Oh, yeah, that’s the poor house that got all those insults for being so narrow .. . . one was particularly memorable, except, damn, I can’t remember it. Owners DID do a great job with renovation considering the limitations.