tag:blogger.com,1999:blog-13164186.post7725991136203291722..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: A Recent Realtor AdDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-13164186.post-23351317989882555802008-03-17T16:32:00.000-04:002008-03-17T16:32:00.000-04:00If one is active on a day-to-day basis and looks f...If one is active on a day-to-day basis and looks for property in the most sought-after parts of DC.....there are no deals to be had. Prices are firm.<BR/><BR/>Those who claim otherwise sit on the sidelines and gesture.<BR/><BR/>Maybe things will get worse, but that talk has been going on for two years.<BR/><BR/>Maybe Lance is right. Real Property is real property b/c each one is unique.<BR/><BR/>It ain't a paper stock.<BR/><BR/>---------------------------------<BR/><BR/>I am on it every day watching in very nice areas. The only stuff moving are super nice places that just come on line or deals that appear and are gone quickly. The "firm" prices in those nice areas have been sitting and will continue to sit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-44136932327706069392008-03-14T19:55:00.000-04:002008-03-14T19:55:00.000-04:00If one is active on a day-to-day basis and looks f...If one is active on a day-to-day basis and looks for property in the most sought-after parts of DC.....there are no deals to be had. Prices are firm.<BR/><BR/>Those who claim otherwise sit on the sidelines and gesture.<BR/><BR/>Maybe things will get worse, but that talk has been going on for two years.<BR/><BR/>Maybe Lance is right. Real Property is real property b/c each one is unique.<BR/><BR/>It ain't a paper stock.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-61285262086575932062008-03-12T00:57:00.000-04:002008-03-12T00:57:00.000-04:00Lance is back to the "Arnold & Porter associates/G...Lance is back to the "Arnold & Porter associates/GS-15's are gonna save the day" meme. I've been gone for some time and I'd been missing it. See, I spend most of my time in NY and have been watching the drift down on DC places while we sit on the massive profit from selling our SFH in late 2005. Thankfuly Lance has set me straight again.<BR/><BR/><BR/>JerkstoreAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-65321401594852671132008-03-11T23:52:00.000-04:002008-03-11T23:52:00.000-04:001825 16th St. NW Original Listing Price: $2.395 mi...1825 16th St. NW Original Listing Price: $2.395 million <BR/>(May 28, 2007)<BR/>Closing Price: $1.85 million <BR/>(Jan. 31, 2008)<BR/>Slash Rate: 23 percent<BR/>Square Footage: 5,500<BR/><BR/>"Unfortunately, in this market, with this type of home, there aren’t going to be many serious buyers, says listing agent David Bediz of Coldwell Banker Residential Brokerage in Dupont Circle. “In the beginning, it’s going to be one person that sees it one week, and one the next week—that are actually qualified to buy it,” he says.'<BR/><BR/>http://www.washingtoncitypaper.com/display.php?id=34686Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-23819706798413855582008-03-11T12:30:00.000-04:002008-03-11T12:30:00.000-04:00"Nah ... it's worth some 50% more than I paid for ..."Nah ... it's worth some 50% more than I paid for it. ... per Zillow.com AND per (unfortunately) the tax assessor."<BR/><BR/>Riiiiggghhhhttt.....you'd not even get what you paid if you tried to sell it. That is a fact, no matter how bad the assessor is bending you over to pay for what the city's employees steal.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-22386924970926180532008-03-10T23:24:00.000-04:002008-03-10T23:24:00.000-04:00"The reality is your house is now worth less than ..."The reality is your house is now worth less than what you paid for it."<BR/><BR/>Nah ... it's worth some 50% more than I paid for it. ... per Zillow.com AND per (unfortunately) the tax assessor.Lancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-52730894470773537392008-03-10T23:21:00.000-04:002008-03-10T23:21:00.000-04:00"Anonymous said... "We do have too many "luxury" u..."Anonymous said... <BR/>"We do have too many "luxury" units chasing too few 32-year-old millionaires. ... And the rest of us can't afford their price."<BR/><BR/>Funny, from what the survey reveals they <I>are</I> buying these places. Not that $100,000/yr or even $150,000 a year qualifies one as a "millionaire". These are just average professional people earning average professional salaries. And as the DC area continues to grow in international importance, their number will too.Lancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-54898909145258624952008-03-10T20:50:00.000-04:002008-03-10T20:50:00.000-04:00We do have too many "luxury" units chasing too few...We do have too many "luxury" units chasing too few 32-year-old millionaires. That's true in Baltimore, and it's true in D.C. But it's not because the 32-y-o millionaires can't afford to buy all those condos--they can. They have! They just can't LIVE in them all. And the rest of us can't afford their price.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-27878531568011096192008-03-10T18:27:00.000-04:002008-03-10T18:27:00.000-04:00From the survey...Only 10% of Downtown residents s...From the survey...<BR/><BR/>Only 10% of Downtown residents shop for groceries Downtown.... 41%travel to Virginia.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-20855699183240074552008-03-10T18:24:00.000-04:002008-03-10T18:24:00.000-04:00Almost forgot to mention this- household does not ...Almost forgot to mention this-<BR/> household does not mean house owner.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-4416064097269100002008-03-10T18:22:00.000-04:002008-03-10T18:22:00.000-04:00Lance's latest:"Yep, that's right. I guess FACTS a...Lance's latest:<BR/><BR/>"Yep, that's right. I guess FACTS are hard to accept when they don't fit in with your imagined scenario."<BR/><BR/>http://www.downtowndc.org<BR/>/programs<BR/>/economic_development<BR/>/survey<BR/><BR/>Speaking of imagined scenario, if you read the survey itself the responses came from households, but there is no indication that those household responders OWN a house. <BR/><BR/>The survey deals with income levels and shopping habits, not houses owned.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-17205234302350894342008-03-10T17:09:00.001-04:002008-03-10T17:09:00.001-04:00You know, it's not like you don't have a choice. I...You know, it's not like you don't have a choice. It's just that you've chosen not to face reality and deal with things as they are.<BR/><BR/><BR/>we all have choices and right now i can buy a house for $150K LESS than i could have 18 month's ago and the REAL declines haven't even started yet.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-57151527560505739402008-03-10T17:09:00.000-04:002008-03-10T17:09:00.000-04:00"It's just that you've chosen not to face reality ..."It's just that you've chosen not to face reality and deal with things as they are."<BR/><BR/>-------------<BR/><BR/>The reality is your house is now worth less than what you paid for it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-16429812898183349552008-03-10T12:17:00.000-04:002008-03-10T12:17:00.000-04:00anon said:"Ahh yes, the numbers come from the brew...anon said:<BR/>"Ahh yes, the numbers come from the brewers of the Kool Aid. Drink up, everyone!"<BR/><BR/>Yep, that's right. I guess <B>FACTS</B> are hard to accept when they don't fit in with your imagined scenario. It's just easier to pretend no one can actually afford those places, so the prices will have to go down ... and you'll get one of those places for nothing. <BR/><BR/>You know, it's not like you don't have a choice. It's just that you've chosen not to face reality and deal with things as they are.Lancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-36712397844151786842008-03-10T11:51:00.000-04:002008-03-10T11:51:00.000-04:00I just put in an offer for a 2900 sq ft home in Sp...I just put in an offer for a 2900 sq ft home in Spotsylvania county, Va. VERY desirable neighborhood. 4 beds up, 3 1/2 baths, large eat in kitchen, formal dining room, living room family room on the main level, plus another family room a complete laundry room, and two additional rooms in the basement.<BR/><BR/>$237000. It's a foreclosureAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-52420985199741304112008-03-10T10:15:00.000-04:002008-03-10T10:15:00.000-04:00"The numbers come from:downtowndc.org/survey"-----..."The numbers come from:<BR/><BR/>downtowndc.org/survey"<BR/><BR/><BR/>-----------------------------<BR/><BR/>Ahh yes, the numbers come from the brewers of the Kool Aid. Drink up, everyone! We'll have our own little Jonestown with Pastor "lance."<BR/><BR/>And S Street is Park Avenue, right "lance?" hahahahahahahahaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-32786270070636916852008-03-09T09:59:00.000-04:002008-03-09T09:59:00.000-04:00David,Here's an article from The Current worthy of...David,<BR/><BR/>Here's an article from The Current worthy of your featuring:<BR/><BR/><I>"It ain't Manhattan, but ...<BR/><BR/>The Downtown Business Improvement District has issued a snapshot of who's buying all those condos in the heart of the city.<BR/><BR/>It's a mini-Manhattan.<BR/><BR/>The survey shows that 70 percent of the nearly 800 respondents earn incomes of $100,000 or more, and 42 percent earn over $150,000. The breakdown is 55 percent female, 45 percent male.<BR/><BR/>Forty-two percent ofthe respondents are 25 to 34 years old, younger than you might have expected.</I><BR/><BR/>The numbers come from:<BR/><BR/>downtowndc.org/surveyLancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-42505320806810587352008-03-08T17:52:00.000-05:002008-03-08T17:52:00.000-05:00I like the last line:"every market is different, c...I like the last line:<BR/>"every market is different, call a realtor today!"<BR/><BR/>I guess the market in fantasy land is a lot different than the real world. No chance Im calling a realtor "today" thats for sure.....maybe next year or even the year after.Anonymoushttps://www.blogger.com/profile/05470673386278656548noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-83945083363068998702008-03-08T17:40:00.000-05:002008-03-08T17:40:00.000-05:00Thou shall not bear false witness!Thou shall not bear false witness!Anonymousnoreply@blogger.com