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]
1:30, is there any other KIND of porn?!
1:32 = Phineas “Bear” Stearns, from his ledge.
wow people are in serious denial.
“I’m a partner in a private equity fund and my investors”
Wow things are worse than I thought if you have the time to be posting here on brownstoner at 1:30 on one of the worst days in financial news in over 4 decades.
You are a partner in a private equity firm and rent??
Kinda sad.
1.26 – yes, you seem very confused. nevermind.
1.10 “Beverly Hills, Honolulu, Cambridge, Greenwich Marin County” and Carroll Gardens I suppose. Yes, it fits right into the list. Good point.
“your house is going to be worth significantly less 5 years from now than it is today.”
problem with your theory.
most of us bought houses (espeically brownstones, which are labors of love) to live in for 10, 20, 30, 40 years.
not 5.
and in 20 years, i guarantee you my house will be worth double what it is today.
and i guarantee you will still be renting when i’m 60 and have paid off my house.
don’t buy now. sure…wait.
maybe wait till you’re 65 when a 1 bedroom costs 3 million, then leave the rest for your family to deal with after you’re gone.
sounds like a plan.
1:13 I rent a very nice apartment in a west village brownstone that thus far has met all my needs, so I haven’t looked to buy. I view real estate as a place to live not a means to wealth (historically it is not an overly attractive investment). I have found many other places (besides real estate) to make money and have done so.
I’m a partner in a private equity fund and my investors (for whom i have made alot of money) wouldn’t agree with your comment that I’m not very smart.
“I didn’t have $500K in 2001”
You didn’t have 500K in 2001, but you have a million now??
Yeah, right.
Keep lying. No one here believes a word of it.
Go back to you basement rental in your McMansion in Hemstead. You know nothing about us here in Brooklyn. Fraud!