This Week in Comments

New York /
Jan.January 15, 2010 03:21 PM

Unlocked doors common in Manhattan luxury buildings
Let me know where. I need a couple of new flat screen TVs.

Shiller uncertain about future of real estate
Foreclosures are rampant in the outer boroughs. Manhattan foreclosures will accelerate this year.

Corcoran joins REBNY listings site
REBNY’s listings site is a nightmare. The listings have been on the
market [for] over 180 days. Prudential Douglas Elliman should not
follow Corcoran and should not join.

Park Slope sits somewhat pretty
The brownstone market is a disaster. Park Slope, like the rest of New York City, is in a downward death spiral. Three years ago people were paying insane prices for garbage properties — yes those well kept brownstones are all really lipstick on a pig. That has completely changed; buyers now are looking for a better built house, they are looking for places that will need no work and consume little energy. Read between the lines: Buyers for the first time in 10 years are thinking about their carrying costs and long-term survival. They want products that 1. Are severely discounted or 2. Have a value added because they will be low or no maintenance for the next 10 to 20 years. If you want to do your clients a favor, tell them the truth


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