Six Months Later: Open House Picks 6/15/07
Interesting. Open House Picks 6/15/07 [Brownstoner]
Need a Hand?
Your Next Project Starts with BrownstonerMost Recent Articles
Interesting. Open House Picks 6/15/07 [Brownstoner]
Need a Hand?
Your Next Project Starts with Brownstoner
This was a very interesting post, Mr. B. I hope you’ll do more of these (maybe one a month) as a reality check.
My non-scientific survey is to look at brownstones in my neighbhorhood, see what they’re selling for, and compare them to what I paid for mine (contract 11/07) plus the small amount of renovations I did (about 3-4% of the purchase price). The asks for comparables are houses that I don’t like as much as mine, and the ones I like as much as mine are asking 15-20% over the total I paid. So in my admittedly non-scientific, taste-subjective view, the market is considerably up from a year ago.
The subprime mess began in early July. All three of those that have closed did so well after the subprime meltdown.
This is all very interesting, but in least two of the cases the houses must have had offers in early summer, before the subprime mess had come front and center, right?
Not even close to what happened in Argentina.
Since subprime loans are not being handed out as easily anymore, the lowering of interest rates will still only allow truly qualified buyers to enter the market. That is perfectly fine, and I do not foresee any huge run to go out and buy homes with the lowering of this rate in any way.
let’s all leave “the what” alone.
he no doubt lives in some ghetto apartment. he has a right to be angry. in fact, i think it would be a nice gesture this holiday season if the brownstoner community held a fund raiser for “the what” so he has the means to get out of his crack den.
So producer prices are going up and the Fed keeps lowering the interest rate. If that isn’t a recipe for financial disaster — it’s a shell game so people can keep buying. Unfortunately, it will all hit the fan during the next — Democratic — administration and they will be blamed for the mess. Isn;t this waht happened in Argentina?
Does that mean I should have Mr.B post a house in his site if I wanted sold. How much commission do you charge Mr.B? is the price negotiable?
The What is the hippy dippy weatherman of this blog. It was an old george carlin routine. He would predict that towards evening the day would get progressively darker followed by a period of total darkness.
11:17 makes for a good play….is there more?