Rental of the Day: J Condo Two-Bedroom
Looks like the heady days of unit flipping at Dumbo’s J Condo are over. At least one apartment in the tower is being offered for sublet, a 1,200-square-foot 2-bedroom, 2-bath that’s going for $4,195 a month (with an option to buy after a year). How have other resales in the building fared? J Condo Rental…
Looks like the heady days of unit flipping at Dumbo’s J Condo are over. At least one apartment in the tower is being offered for sublet, a 1,200-square-foot 2-bedroom, 2-bath that’s going for $4,195 a month (with an option to buy after a year). How have other resales in the building fared?
J Condo Rental [Nest Seekers]
Development Watch: The Cladding of J Condo [Brownstoner] GMAP
“Today’s Rates: SEPTEMBER 21, 2007
Product Interest Rate APR Total Points
Jumbo – loan amount greater than to $417,000
($625,500 in AK and HI)
40/30 Fixed-Rate Balloon1 7.000% 7.141% 1
30-year fixed1 6.875% 7.030% 1
15-year fixed1 6.500% 6.749% 1
5-year ARM1 6.750% 7.127% 1
3-year ARM1 7.625% 7.418% 1
Current Jumbo rates from Wells Fargo today –
Posted by: guest at September 21, 2007 2:15 PM
Wells Fargo is a bank and can borrow money from the Fed window.
You need for those programs 720 fico clean credit report and 20% down. Read the fine print!
What – I just got a loan commitment for a jumbo at 6.825%. What rate sheet are you looking at?
Look at you closing cost and the APR. Plus fees. Only BANKS can offer lower rates. But when it’s time to close, they will pull a switch on ya.
Banks create money out of thin air. Wearhouse lines of credit are different. The 50 basis rate cut allowed to banks to offer money at a lower prime rate. The other investors want higher returns on their money look at the long end of the bond market , mortgage rates are higher
Look at the date of your loan commitment it was stated months ago. This is different day folks
“No one EVER admits being wrong on here which is ridiculous.
I believe most people last week said that the 3.4 million Berkeley Place townhouse was overpriced.”
Rate of change my friend. Rate of change. The rate of things flying off the shelf at prevailing prices has slowed immensely and will continue to do so until prices correct by -25 to -50 percent (real terms). 2005 activity and 2007 activity don’t even remotely compare to eachother. Before you know it, we’ll be in the red.
Greenspan says double digit depreciation on the horizon. Coming from someone who said, “no housing bubble, just a little froth”, that’s BAD! The majority of you are blinded by the slow nature of the real estate game. It takes years, not months, to see change. Month-to-month comparisons mean nothing. Aint nothin’ upward about the long term trend (5 to 10 years). Read some history – http://tinyurl.com/mythk
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Hey clueless, I would like you to read this rant. The powers that be sold you a bag of shit. If you don’t think this not connected to what’s going on then, you deserve everything you get when Real Estate crashes. This is the worst president in our lifetime and when he leaves all hell is going to break loose.
http://www.craigslist.org/about/best/sfo/309485032.html
I’m having the worst damn week of my whole damn life so I’m going to write this while I’m pissed off enough to do it right.
I am SICK of all this bullshit people are writing about the Iraq war. I am abso-fucking-lutely sick to death of it. What the fuck do most of you know about it? You watch it on TV and read the commentaries in the newspaper or Newsweek or whatever god damn yuppie news rag you subscribe to and think you’re all such fucking experts that you can scream at each other like five year old about whether you’re right or not. Let me tell you something: unless you’ve been there, you don’t know a god damn thing about it. It you haven’t been shot at in that fucking hell hole, SHUT THE FUCK UP!
How do I dare say this to you moronic war supporters who are “Supporting our Troops” and waving the flag and all that happy horse shit? I’ll tell you why. I’m a Marine and I served my tour in Iraq. My husband, also a Marine, served several. I left the service six months ago because I got pregnant while he was home on leave and three days ago I get a visit from two men in uniform who hand me a letter and tell me my husband died in that fucking festering sand-pit. He should have been home a month ago but they extended his tour and now he’s coming home in a box.
You fuckers and that god-damn lying sack of shit they call a president are the reason my husband will never see his baby and my kid will never meet his dad.
And you know what the most fucked up thing about this Iraq shit is? They don’t want us there. They’re not happy we came and they want us out NOW. We fucked up their lives even worse than they already were and they’re pissed off. We didn’t help them and we’re not helping them now. That’s what our soldiers are dying for.
Oh while I’m good and worked up, the government doesn’t even have the decency to help out the soldiers whos lives they ruined. If you really believe the military and the government had no idea the veterans’ hospitals were so fucked up, you are a god-damn retard. They don’t care about us. We’re disposable. We’re numbers on a page and they’d rather forget we exist so they don’t have to be reminded about the families and lives they ruined while they’re sipping their cocktails at another fund raiser dinner. If they were really concerned about supporting the troops, they’d bring them home so their families wouldn’t have to cry at a graveside and explain to their children why mommy or daddy isn’t coming home. Because you can’t explain it. We’re not fighting for our country, we’re not fighting for the good of Iraq’s people, we’re fighting for Bush’s personal agenda. Patriotism my ass. You know what? My dad served in Vietnam and NOTHING HAS CHANGED.
So I’m pissed. I’m beyond pissed. And I’m going to go to my husband funeral and recieve that flag and hang it up on the wall for my baby to see when he’s older. But I’m not going to tell him that his father died for the stupidty of the American government. I’m going to tell him that his father was a hero and the best man I ever met and that he loved his country enough to die for it, because that’s all true and nothing will be solved by telling my son that his father was sent to die by people who didn’t care about him at all.
Fuck you, war supporters, George W. Bush, and all the god damn mother fuckers who made the war possible. I hope you burn in hell.
The real problem here is that so many people have become SO entitled that they just can’t fathom the fact that 35% some odd percent of New Yorkers own property. That’s been about steady through the years.
So that means that 30 some odd percent of people who owned property before the uptick in housing and held onto it made a TON of money. Add that to the people who MAKE a TON of money and there are a lot of people in this city with a TON of money.
Just because you don’t have it, doesn’t mean it isn’t out there.
You should get used to it, because even if everyone loses 20% of their homes value there is still a TON of money in this city.
Get a 2nd job or work a little harder at your first if you’d like to play with the bug boys.
Otherwise, accept it and move on.
Today’s Rates: SEPTEMBER 21, 2007
Product Interest Rate APR Total Points
Jumbo – loan amount greater than to $417,000
($625,500 in AK and HI)
40/30 Fixed-Rate Balloon1 7.000% 7.141% 1
30-year fixed1 6.875% 7.030% 1
15-year fixed1 6.500% 6.749% 1
5-year ARM1 6.750% 7.127% 1
3-year ARM1 7.625% 7.418% 1
Current Jumbo rates from Wells Fargo today –
“Ha!, hard work is wealth huh?”
Duh. It’s called physical labor. Something that we, in this service economy, have all but forgotten about with the exception of construction workers. Without illegal immigration, this country wouldn’t have produced shit. African slaves practically built this country. That’s wealth like a muthafuckah. They may not have owned it, but they damn sure produced it.
Somehow I doubt someone spending 3.4 million a home gives a rats ass about an additional percentage point on their home.
Especially given the fact that it was literally on the market for 2 weeks, so it’s not like as if the potential new owners thought about it for weeks or months on end.
They saw it, they liked it, they bought it. End of story.
Every single comment you make, 2:00 is laced with insane amounts of jealousy. Could you try to be a little less transparent?
What – I just got a loan commitment for a jumbo at 6.825%. What rate sheet are you looking at?