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“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]


What's Your Take? Leave a Comment

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  1. As was finally determed on Friday thanks to a number of those sluething around, THE WHAT IS A BROKER IN THE BURBS DESPERATE TO TRY SCARE PEOPLE IN BROOKLYN INTO BUYING SOME PIECE OF CRAP SPLIT LEVEL.

    PLEASE IGNORE HIS POSTS. HE HAS BEEN BLOCKED MANY TIMES AND USES OTHER COMPUTERS AT THE REAL ESTATE BROKERAGE.

  2. I didn’t have $500K in 2001, 1:23. That’s my point — if you had the cash then, you won the lottery. But the fact that buying was the right decision in 2001 — or 2002, or 2003 — doesn’t mean buying is the right decision today. That’s the whole point of the argument on these boards — owners keep insisting that it’s always the right time to buy, because housing prices in NYC can’t take a serious tumble and will always come right back, while the rest of us (the sane ones) understand that because of what happened between 2001 and 2006, buying today is idiotic. So, by the way, is not selling, since your house is going to be worth significantly less 5 years from now than it is today.

  3. Hey fucktards!! That telephone pole up your asses looks uncomfortable!!! The Bear Sterns CEO got up om CNBS and said “everything is fine” and “no liquidity issues” and look what happen! LMMFAO! Ya”ll are fucking finished, gone and kaput. This weekend you lost 20% of the value of you house, condo or whatfuckingever. Keep it up stay in denial, it make the pain from the pole feel better.

    Cognitive dissonance

    Cognitive dissonance is a psychological state that describes the uncomfortable feeling between what one holds to be true and what one knows to be true.<---- Hey Bubble Heads http://en.wikipedia.org/wiki/Cognitive_dissonance

    ROTFFLMMFAO RIP Mutant Real Estate Bubble!!

    The What (Reporting from the eastern front)

    Someday this war is gonna end……

  4. I love how all the renters come on here and talk about how much they are in control and how much they LOVE renting.

    If that’s the case, why are you reading and posting on a blog which is primarily concerned with buying/rehabbing/renovating brownstones?

    I’m confused.

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