Overpricing Not Working in Carroll Gardens
“What the heck is going on in Carroll Gardens?” we asked back in January. Our question was prompted by a rash of ridiculously priced townhouses in the area. Well, since then, three out of the four houses we looked at that day woke up to reality and one is still clinging to its delusions of…
“What the heck is going on in Carroll Gardens?” we asked back in January. Our question was prompted by a rash of ridiculously priced townhouses in the area. Well, since then, three out of the four houses we looked at that day woke up to reality and one is still clinging to its delusions of grandeur. 329 President has since been reduced by $605,000 and 78 3rd Place by $795,000; 44 1st Place, the nicest and biggest of the batch, appears to be off the market.
What the Heck Is Going On in CG? [Brownstoner] GMAP
HOTD: 40 2nd Place [Brownstoner]
HOTD: 78 3rd Place [Brownstoner]
HOTD: 44 1st Place [Brownstoner]
JP Morgan is Gangster!
3:37…..
you pick out one line out of a whole article to support your stance?
How about 40-50% declines in highly overpriced markets? (brooklyn? check!)
STOCK MARKET IS UP OVER 115 POINTS.
ON SUPPOSEDLY THE DAY OF RECKONING.
GOOD ONE, THE WHAT.
3:18…the best quote of that article….and i think the most accurate…
“Maybe it’ll turn out that all this Wall Street stuff is just less important than we think it is.”
Geez!
No one, not even Brownstoner know-it-alls, can predict how bad it will get and when the bottom will be. Everybody’s circumstances are different. Some will suffer a lot, some less so, and some will be better off. And what’s with all the ad hominem attacks?
Based on last year’s Brownstoner reader survey, I suspect that most of those who read and post here will not suffer in any terrible, long-term, way. Certainly some will have to change short term expectations. A handful may have to move back home until they can find a way to recover.
The guy who wants to buy in Vermont? He’s doing what works for him. Ditto the film producer who rents.
Those who will suffer the most however are already at the low end of the scale and are not reading Brownstoner or moving cash to get another half percent. As bad as it might get, I doubt many of Brownstoner’s readers will end up counting change for a slice of pizza or waiting in bread lines.
Count your blessings.
They invented multi-storey housing in the 1800s. You need to get a quicker texter.
God would be so much nicer if she lived in Park Slope.
Ever wonder why ING is paying such high interest rates? If you have enough in their account to pay 3 years of mortgage on a $3m house, you should.
Hm, my God has a different message: “Lots of land in the ‘burbs available for redevelopment, but NY is different, and anyway now that Wall St is in trouble, the collapse of the high end in Manhattan will definitely increase demand in BK as people downsize”