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]
12:42, mr. “liquid personal wealth” is clearly a drug dealer.
“If I needed to sell right now I would cut a deal very fast.”
And that is why you rent and we own.
Have fun in 5 years when prices have skyrocketed again and you’re living in East New York.
Leave the gun. Take the cannoli.
my only quibble with 12:40’s post is the phrase “headed into a recession”. I believe economists have finally accepted that we are officially in a recession.
Bear Stearns is just the first to go. And do you think that anyone at JPM or Bear Stearns is getting a bonus for ’08? Hmmm….they better not considering my tax dollars saved their sorry asses. That takes a whole bunch of people out of the market. Just waiting for Lehman Bros and UBS to go next.
and by the way,GREENSPAN just said that we are facing the worst financial crisis the US has seen since World War II (which, by the way, is code for the Great Depression, which he can’t bring himself to say).
If I needed to sell right now I would cut a deal very fast.
12:40…
have fun renting when you are 70 years old.
i’ll have paid off my house 10 years prior to that already.
i think they’ve projected that 1 bedrooms by that time should be renting for $10,000 per month.
enjoy it.
Anybody wanna get a cannoli?
Those chocolate ones at Monteleone’s?
FUHGEDDABOUDIT!
I was in Park Slope and then I pulled down my pants and pooped. heh heh. So then it was Poop Slope. heh heh. I love Poop Slope.
“I’ll keep waiting and growing my liquid personal wealth”
where…in your 3% interest-bearing ING account??
LOL.
12:21 do you have access to a newspaper, radio, tv? Perhaps you are unaware that the run up in asset values over the last few years was fueled by unprecedented cheap debt, lax lending standards, and lots and lots of leverage…these were and are unsustainable. Bubbles overshoot to the upside as well as the downside…and as with gravity – what goes up must come down. Hopefully you bought pre-bubble and have no need to sell in the next few years. Otherwise you might want to stock up on the vaseline.