This Week in Comments

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.

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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