Gothamist: NYC Housing Market En Fuego in 2007 - So Far

damn

Tue, 20 Feb 2007 14:45:10 -0500

Looks like a slumlord buying opportunity! Even welfare recipients have nicer digs that this. Maybe you could pack a few dozen illegal immingrants into that huge garage. Don't forget to give them a steady supply of empty coffee cans for them to take a crap in. I would rather be homeless than have to make a mortgage payment on that fug house.

Largo

Mon, 19 Feb 2007 15:30:38 -0500

All these Neo-New Yorkers still coming in droves. What's wrong with their nice Midwestern city? I haven't heard an East Coast accent in a while now.

fools gold

Mon, 19 Feb 2007 14:38:36 -0500

gothamist fans: stop renting! atleast get some "real estate", like the virtual kind that a condo has to offer...haha!

sutters mill

Mon, 19 Feb 2007 14:34:20 -0500

Mihow, ignore ethans pleas... hes got get rich fever, the likes of which we havent seen since the dot.com boom... i heard parts of the brooklyn bridge are for sale...

mihow

Mon, 19 Feb 2007 14:25:04 -0500

Ethan, I went by what the realtor stated in the ad. If you have a problem with the description, take it up with the realtor not me. :] huh: the house is indeed in Greenpoint.

ethan

Mon, 19 Feb 2007 14:00:29 -0500

I looked at this place when there was an open house. Its down the block from me. You forgot to add that this house has a 5 car garage attached to it. It's a huge space that could be rented out immediately. The house is in disarray, however, its a gold mine. The person who lived here lived in these conditions, why could you not move in. Have you seen it? I saw it and its livable, not rentable but livable. There are 400K to 500k condos going up 3 blocks from here, why wouldn't this be able to go for a mere 675k-700k, which is the asking price. If I had the money I would put it down on this place immediately.

ash

Mon, 19 Feb 2007 13:50:39 -0500

i used to live across from that house! or one that looked exactly like it in greenpoint. could never figure out how somebody could actually live in there.

Jo

Mon, 19 Feb 2007 13:14:55 -0500

Thanks for the tip Gothamist. Silly me, I should have known to ignore abysmal absorption rates, inventory, and the record low housing starts. I'm sure all the price chopping we have witnessed in the first 7 weeks of 2007 was merely the pure hotness of NYC real estate.

huh

Mon, 19 Feb 2007 13:14:04 -0500

Where is that house located? I'm thinking Red Hook or the outskirts of Park Slope.

upchuck

Mon, 19 Feb 2007 12:16:46 -0500

i think you are jumping the gun with regards to some new surge in real estate. the numbers simply arent there, and there are plenty of people in the real estate industry who want another short rise before this market truly collapses. which it is, slowly, and the "true" fundamentals (ie. ones that arent released by the the RE industry)all point to this. look at a place like howe street dot com for info from both perspectives...