Open House Picks: Six Months Later
Comment: Not so bad. Open House Picks 8/28/09 [Brownstoner] Previous Six Months Later Posts [Brownstoner]

Comment: Not so bad.
Open House Picks 8/28/09 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
I’m cutting my T shirt in half, across the middle, and wearing it like a caveman!
The rest of youse – hang dry only. Or it’ll shrink in half!
***Bid half off peak comps***
The double-dip is like “two flights of stairs”. We’re “walking on the landing toward the second flight down” and falsely think the bottom is in. The reGOVery gave us a little blip, from a -20, to -15, and now back down to -20 percent in Case-Shiller.
In roller coaster lingo, “Look, Ma! No hands!”
***Bid half off peak comps***
BHO believes that EVERYTHING that sells is an outlier.
No T shirt for you.
2 and 4 in contract during the height of the reGOVery hype but for a buck less than ask.
That’s what double-dips do, headfake you into thinking the market is bottoming when it really isn’t.
***Bid half off peak comps***
i believe this will provide further support for those who believe we are no longer tanking. (at least for now.)
—————-
um…. it’s pretty obvious we’re no longer tanking now.
of course, anyone buying now is essentially throwing their money away. but… hey, that’s life.
481 4 street originally listed in may 09 for 2.9;
relisted in jan for 2.7;
recently entered contract.
what do you think it closes for?
i believe this will provide further support for those who believe we are no longer tanking. (at least for now.)
2 out of 4. Another push
747 Hancock St.
$609,00 isn’t to bad of a price considering the work that was done to the property and the price was originally $699,000.
Considering that it is between Ralph and Patchen Aves. where there is quite a bit of activity from the apartment buildings on Patchen and Jefferson Aves. The price should have been more like $580K – $590K.
All the best to the new owners.