Six Months Later: Open House Picks 6/15/07

Prediction:
There will be no recession.
GDP will continue to grow quarterly into 2008 albeit on the smaller side (1-2%).
Housing “meltdown” will finally be contained into the 1st quarter of 2008 after banks take their write offs and the Fed continues to loosen the purse strings by lowering interest rates further.
The US economy will continue to move along creating new jobs, keeping inflation in check, maintaining low unemployment and with production increases across many sectors such as energy, health and manufacturing.
Dollar value will stabilize against foreign currencies at a reasonable level to continue producing good profits for the multi-nationals.
All the housing gophers hiding underground for the past 12 months will start to raise their heads and look around the landscape in Spring of 08 and exclaim: “I just missed another great buy in opportunity for real estate, now I’m priced out again.”
Oh well, guess it doesn’t pay much to listen to pessimists posting out of mommy’s basement on a souped up commodore 64.
And people wonder why some make a million while others flip burgers by the billion.

Dear Mr. Brownstoner,

These discussions are not what they used to be. There are too many posts totally off topic. I would appreciate it if you could assist in bringing back the discussion and getting rid of the ranting.

Thanks,

Leah

These were definitely BEFORE the credit crisis. I think the next month should reveal a better idea of what is truly going on, b/c those will have been places that closed in the Aug/Sept timeframe- the first time I think RE felt the effects of the credit mess.

I am anxiously awaiting hearing about some of the properties I have been tracking and have since sold. I know that one in particular, which was a gorgeous, gorgeous home in Prospect Heights, was listed at $2.4mm and closed for $2.1mm. That’s an over 12% drop in price. It was later listed in at $2.275 and I think that’s also a 7-8% drop.

We’ll see.

Never made a post on here. But seeing as how my house is profiled on here, and that i found out about this house on Brownstoner HOTD in the summer; I thought i’d add perspective without speculation, conspiracy theories and the word FUCK(oops).

So what about price ? inflation ? or depreciation ?

Speculate all you want , curse, degrade people. I come onto this site because the content is good. I found my house on here and love it. I don’t care if the value of my neighborhood goes up margionally or down margionally. I am happy with it RIGHT NOW. It will always be better for a neighborhood to appreciate naturally, a better sense of community, not one dictated by trend or inflation.

This neighborhood is not trendy.

If you can afford a mortgage and are smart about planning your future, and pick the right place on how it feels ‘right now.’ You’ve got everything going for you. I don’t look at my house as an investment, it is where i live.

My mortgage is roughly the same as my previous rent (this is offset by a garden rental in the building) but so much of what i do and put into this place is tax deductable. In the end, it is costing me less per month than my rent…and that rocks !

Thanks Brownstoner.

“I don’t think 1:04 is really The What. He’s too smart to drag our mother’s into this.”

Yep, It’s his Mom! She blow em without her dentures. LMMFAO!!!

“oh snap, what if ‘the what’ and brownstoner are the same person? cackles diabolically.”

Nope, Not the same person. But I like to throw shit (yes real shit) at Brownstoner for my X-Mas gift. Hey Browine get that hooked up!

The What

Someday this war is gonna end….