northside-piers-021009.jpgThe price cuts at Northside Piers that we first reported here and then again here have been picked up by Bloomberg. And, according to the news service, the reductions (two-bedrooms in the waterfront development are now as low as $691,000) are working: Contracts have gone out on five of the remaining 60 units in the last week. There is a stirring going on in the market,” said CBHK CEO David Michonski said, “but only at a lower price point. GMAP


What's Your Take? Leave a Comment

  1. “Not sure that I’ve seen any leading economists correlate the market bottom with home prices at 1995 levels.” You forget it is those same leading economists that created NINJA loans-If Countrywide can you can- and believe in the American dream home for free. These leading economists are the same ones going to Washington begging for TARP money. Ah homes will be affordable for families again. Speculaturs can go speculate in California and let Arnold take care of you

  2. You’re right, What. I’m a chill. joe the bummer already got off in dave’s ass. USA’s Lost Decade: 2008 thru 2018 (damn that shit is scary!). Zombie banks.

    Sianara!

    ***Bid half off peak comps***

  3. Wow reading the comments from the Assheads gave me a headache. Team Bear leave the Retards alone, please… Let then go ahead with that “Bubble Mentality “. This crash is going to be fun!

    The What

    Someday this war is gonna end…

  4. “I think I’m turning Japanese
    I really think so…”

    Damn! That shit really made me laugh.

    (Stay tuned for responses later tonight.)

    ***Bid half off peak comps***

  5. anything over $700 psf in williamsburg is very good. i bought in 2006 @ $485 psf for new construction.

    i see these sales as a good thing.

    in general, i am guessing that many condo units will go rental thereby creating a demand still for more services in the area which helps local retailers, restaurants, etc..

    Also, people who rent in the area may stay and buy later. A number of owners in my condo building have been in williamsburg for many years.

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