All Posts Tagged With: "overpriced property"
Why Good Loans Are Now Also Frozen?! Banks Screwed Up, Homeowners Are Paying
(post by Dee) A comment from Robby clearly was due in part to misunderstanding of BT’s post from the other day about Banks Bringing Market Down. We obviously welcome all comments, but wanted to clarify this…
Here is what Robby wrote: “sounds like a paranoid and jilted broker complaining about a deal that didn’t go through [...]
Banks Trying to Bring Down the Real Estate Market?
I have a multi-family property that went into contract back at the end of July. The building is a 4-family located in a very stable neighborhood in the outer boroughs. The buyer had already been qualified through his lender (bank-direct mortgage). The contract price was $750K. Ah, the appraisal! Now, as Realtors, we always know a property’s real market value. And this property was worth $850,000. [...]
8Nov2008 | | 1 comment | Continued
NYC Property Sellers Keeping NY Real Estate Market Stable
(post by BT) I think that our real estate market has remained relatively stable due to the fact that our local NYC sellers are the most ignorant and stubborn sellers in the world! I am sure every real estate agent can vouch for this! Here, in many neighborhoods, sellers don’t seem to give a crap [...]
22Oct2008 | | 1 comment | Continued
Pros and Cons of 5SL: New Pictures & Opinions on 5th Street Lofts at 5-09 48th Ave in LIC
(post by Dee) I recently went back to 5SL condo for a listing (yes, we got it). Although I have seen model apartments on both sides of the building (there are two entrances), and several finished occupied units at 5-26 47th Road (the smaller, 20-plus unit building), I have not had an opportunity to review [...]
7Oct2008 | | 0 comments | ContinuedUnlock the Frozen Wall Street Credit - A $700-Billion Band-aid!
(post by BT) This is truly insane! Wall Street is NOT the US economy. “Paralyzed banking system”, “free up credit lines”… who gets this money? How is it going to be split up? The government needs a new agency - an economic business agency, ran by successful businessmen of this country, not some politician whose [...]
1Oct2008 | | 0 comments | Continued
5-09 48th Avenue, LIC: 5th St Lofts aka 5SL Condo by Toll Brothers
(post by Dee) Among the largest and most recognizable new condo developments in Queens’ Long Island City is 5SL, or 5th Street Lofts. Here are some facts and professional opinions about this Toll Brothers development.
The development consists of two buildings: 5-09 48th Avenue (main entrance / larger building), with 118 units, and [...]
Cap Rates: Is Commercial Real Estate Also Falling?
(post by Dee) I recently read a blog post titled Slow Motion Crash that predicts commercial real estate is headed in the same direction as residential - down. He compares the life cycle of the housing market bubble to that of commercial properties, and points to higher vacancies and longer time it takes nowadays to [...]
20Jun2008 | | 0 comments | Continued
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