Open House Picks Six Months Later: 9/14/07
This batch sure didn’t set the woods on fire. Someone have a clue re: 15 Irving? Open House Picks, 9/14/07 [Brownstoner]
This batch sure didn’t set the woods on fire. Someone have a clue re: 15 Irving?
Open House Picks, 9/14/07 [Brownstoner]
1:42, well if said lending institutions are coming into 100 billion, i don’t think they’ll all be going under as the what has suggested.
Anything over a million for a 2000 sf house with one bathroom between 4th and 5th is a healthy price.
Period.
Do you people have any idea anymore how much a million dollars actually is?
You make it seem like it’s a buck fifty.
“The fed just announced today it will be releasing 100 billion to the lending institutions.”
True, but the lending institutions won’t be releasing much of that money to borrowers. They’ll hoarding it because more multi-billion writedowns are coming.
Or don’t you read much?
kensington, midwood, and flatbush? why not mention sheepshead bay, millsbasin, coney island, gravesend and so on.
some people want “brownstone” deals and south bedstuy has lots.
Regarding the South Slope house, all it says is that the last ask $1.495. Could have gone for considerably less, and maybe even more, but I doubt it.
1:32 evidently hasn’t met as many stupid, useless white people as I have.
Meanwhile, I don’t have much of a clue on 15 Irving Place, but I will say that we strolled over there to glance at it for fun on an open-house day, and opted not to even go inside once we saw it. Needs lotsa work, and is right across the street from a school
1:22
Yup alot of people overpaid in Bed-Stuy. They speculated and are caught on the downside. People who bought years and years ago, are going to be fine, but there are alot of speculators everywhere, not just poor neighborhoods. Americans don’t save anymore, so when those Wall Street bonuses don’t happen this winter … and next winter, people who are leveraged up to the eyeballs in “the Slope” are going to face some really tough choices. That being said, the new infrastructure that has been created to serve all of these people will eventually help build and rebuild communities.
Think of all of the things that you use the Internet for in a day; from e-commerce to wasting time, to work related activities, to entertainment. The internet bubble was required to make that happen.
This housing bubble will be the same. Alot of eggs are going to get cracked to make this omelet though.
Buying in a fringe neighborhood right now is STUPID.
Unless you get the deal of the century (i.e. 600K-700K or under for Bed Stuy) I seriously would doubt your intelligence.
Bed Stuy is not where it’s at right now. It’s too overpriced for what it is at this stage, which means it will continue to be overpriced for years to come.
You want a deal…go look in Kensington or Midwood or Flatbush. Those are areas that have not ridden the wave of outlandish prices like Bed Stuy did.
Seriously man…you can’t walk around Bed Stuy and say…wow…this is a neighborhood full of million dollar homes.
But it is.
And it’s not right. It has forced the neighborhood to become haves and have nots with no middle.
Not healthy.
The good thing about white people is that they have enough political juice to demand and receive better schools and police protection. They’re too invested to let the neighborhood truly tank.