Open House Picks
Park Slope 266 Berkeley Place Brown Harris Stevens Sunday 12-1:30 $2,750,000 (was $3,250,000) GMAP P*Shark Fort Greene 166 Washington Park Brooklyn Properties Sunday 12-1:30 $2,575,000 (was $2,750,000) GMAP P*Shark Prospect Heights 370 Park Place Corcoran Sunday 2:30-4 $1,395,000 (was $1,850,000) GMAP P*Shark Windsor Terrace 247 Windsor Place Brooklyn Properties Sunday 12-2 $995,000 (was $1,250,000 then…
Park Slope
266 Berkeley Place
Brown Harris Stevens
Sunday 12-1:30
$2,750,000 (was $3,250,000)
GMAP P*Shark
Fort Greene
166 Washington Park
Brooklyn Properties
Sunday 12-1:30
$2,575,000 (was $2,750,000)
GMAP P*Shark
Prospect Heights
370 Park Place
Corcoran
Sunday 2:30-4
$1,395,000 (was $1,850,000)
GMAP P*Shark
Windsor Terrace
247 Windsor Place
Brooklyn Properties
Sunday 12-2
$995,000 (was $1,250,000 then $1,150,000)
GMAP P*Shark
Adding to the animus, obviously, is the inherently highly charged nature of real estate. The idea of “home” touches on so many big issues, an when you add money to the equation, it’s no wonder it’s such an obsession.
Whuh–best post I have read from you to date. Totally spot on. Nothing like one’s own insecurities spelled out on a web blog to make one cranky and immature.
Not the haves and have nots, not the same old s and d, and not boring. The animus on the board comes from a set of highly charged anxieties about the shape of the urban middle class, in Manhattan and Brooklyn, period. The idea that you could move to Brooklyn and live a decent life on a decent non-banker salary, in a fairly safe neighborhood, with adequate space to raise a family, and without mortgaging your future, or entering a speculative vortex –all of it’s up for grabs. The notion that this board is about some snooty high achievers looking down on half-assed slackers is nonsense. It gets its nastiness from the fact that many posters are in roughly the same financial boat (with outliers, of course) and struggling with identical decisions. If I didn’t hear the words “bitter renter” in my own head it wouldn’t bother me when some idiot broker typed it; if you didn’t hear “overleveraged d-bag” in your head, you wouldn’t bother to respond when I wrote it. IMHO.
The Haves and the Have Nots. Same old song and dance.
Boring
Ironballs,
I know an “elder” in Fort Greene, who had worked in the NYC schools first as a teacher, then as an assistant pricipal prior to retiring. She recently sold her house to one of those undesirable people who paid between $1,500,000 – $2,000,000 for her house. She moved to Florida, bought a three bedroom house with an in ground swimming pool in a 55+ community, travels and is really enjoying herself. The new owners will raise their family in that house, and maybe someday sell it. Sounds like a good ending to me.
While a 70-80% decline would mean utter devastation for many people, is highly unlikely, and the federal government is trying to lower lending rates and stimulate the economy, if you consider that in many areas of NYC, particularly the more desirable parts of Manhattan and Brooklyn, property prices have tripled in the last eight years, it’s definitely not out of the realm of possibility.
I used to dislike brokers too, especially the well known ones making insane commissions when times were good in return for so little work.
Now that the housing market has slowed drastically, and brokers have to actually work to get a listing sold, I don’t harbor any ill will towards them.
70-80%? dream on, hannible. dream on.
also, consider the fact that many neighborhood “elders” still own their homes and would lose a huge amount of equity from a 70-80% decline in prices. if anyone is a “parasite” here, it is you.
Well I hope you don’t have money invested with Madoff. The jerk lost billions for alot of people. I am waiting too but I want to wait say until homes go down by another 70-80 percent. I see you are from the west coast because you call peolple dude. On the east coast we say bro.You are right I don’t like real estate brokers I equate them to parisites.
Hannible,
Most of the real estate investors I personally know don’t have large mortgages on most of their properties and have substantial cash savings that they’re waiting to deploy if things get cheaper.
Small wannabe investors won’t be able get lending or won’t have enough savings to pay all cash or 50% down if necessary when the market really tanks.
Sounds like you don’t like landlords too much, but thanks for talking real estate, dude.