Belltel-111809.jpg
It’s not a lot for a building with 250 units, but it’s something. A press release just went out yesterday trumpeting the fact that four units at the BellTel Lofts had sold recently; sales prices ranged from $559,000 to $900,000 and three of the four buyers took advantage of FHA loans. The building is now over 55 percent sold.
Belltel Joins the FHA Club [Brownstoner]
Targeted Price Cuts at Belltel Lofts [Brownstoner]
Checking In On The BellTel Lofts [Brownstoner]
Belltel Parking On Tap [Brownstoner]
Belltel Lofts: 50% Percent Sold [Brownstoner]
The Belltel Lofts: 40 Percent Sold [Brownstoner]


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  1. obama’s crowing achievement of year 1. blame bush and wall street for the housing bubble/bust and then proceed to turn the one remaining functional housing agency into fannie+freddie+countrywide.

  2. “If don’t want the windows just move into BellTell.”

    If you want windows, there are plenty of units with it, unless you can only afford a studio. But, then again why are you bitching about windows if you can only afford a studio? What’s next, you’re going to complain that a studio is too small? Hello McFly!

    Lamest excuses ever. Reminds me of the self-indulged psychobabble Sarah Palin uses.

    FHA = The next limped-d*(ked loser to need a bailout.

  3. annoying the people that close drapes or blinds. People in the big brownstones don’t usually do that. Seems condo people do. If don’t want the windows just move into BellTell.
    Surprised Nora wants more windows – usually celebs worry about that sort of thing….as if notice anytime walking by
    Ledger’s house (forgot the g-friends name, I know he is dead) all the shutters are always closed on all floors.

  4. LilBit — I’m neither particularly against nor particularly supportive of the mortgage interest deduction.

    It does not transfer financial risk from individuals to the government (which generally encourages bad decision making and defeats the benefits of a free market system).

    Ideally, I would think in any sensible tax code deductions of this type would be avoided, but I don’t think any of us will live long enough to see a sensible tax code, so, whatever…

  5. the same gov’t programs exist in areas of this country where they almost give homes away..hardly inflated prices.
    Where I work, a program with low down payment, interest for lower income people I have heard that our default rate is too low and that should be taking more risk.

  6. Well, as you say Northslope, it’ll all come out in the wash.

    Mario – I’m not trying to mislead at all. I’m just not a fan of specious arguments based on gut feeling rather than facts.

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