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]
fuck you house owner with all your tax bills and maintenance charges.
In case some of you idiots don’t realize it, a lot of people how once had money invested elsewhere may actually LOOK to real estate to buy now. It’s already happening in some of the weaker markets. People are coming in and snatching up properties right and left.
Real Estate might be something people look to right now for a place to invest. Even with the price fluctuations, there is still room to buy properties, fix them up and sell for a higher price.
hey 12:55 Im a firm beliver in the food chain. keep renting please
I guess I shouldn’t buy in Park Slope then.
Now what am going to do with my money?
“If a bank can be purchased at 1% of it’s value 2 weeks ago, what makes you think your overpriced brownstone can’t lose 20-30% this year?”
Because you can’t live inside a bank.
Unless it’s been turned to condos.
“If a bank can be purchased at 1% of it’s value 2 weeks ago, what makes you think your overpriced brownstone can’t lose 20-30% this year?”
Thank you. That’s just what I was going to say.
New York is different from Las Vegas, Tampa, Phoenix and Sacramento.
In case you didn’t notice, most here live on an island.
Yeah! Don’t buy. You’re dumb. And Park Slope is great!
Anyone who is commenting that “sideliners” are missing out, the day after the 5th largest bank in the U.S. went bust, cearly has no idea how fragile the economy, including real estate is right now in the United States.
If a bank can be purchased at 1% of it’s value 2 weeks ago, what makes you think your overpriced brownstone can’t lose 20-30% this year?