Scorecard: Will it sell?

10/10/2008:

The Hoboken411 reader who has been contributing the controversial “Will it Sell?” pieces – wants to post an update!

Will it Sell? 3 – Real Estate transactions 0

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There must be ether leaks in many real estate offices! None of the “Will it sell?” properties have moved!!

Here’s an update:

The $2.5 Million Garden Street Lofts penthouse
– Still on the market – and still $2.5 Mil! Not sure what kind of Ouija Board they’re using – or if they even read the papers or watch CNN – but this will remain vacant till kingdom come at this price!! Denial ain’t just a river in Egypt!

812 Hudson Street – $2.65 Million
– These owners were fairly smart – they withdrew their property – and will likely need to wait till the market rebounds.

912 Castle Point – $2.3 Million
REDUCED! – but only by a whopping 100k. It’s now a steal at $2.198 Million. Take it down to $1.5 Mil – and replace the IKEA furniture – and maybe – MAYBE – you’ll have a chance of selling it.

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12 Comments on "Scorecard: Will it sell?"

HansBrix
Member
HansBrix

It’s a new paradigm, and everybody who doesn’t buy now will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 30% yearly price increase.

Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter condo in 15 years. They will live in tent cities and shanties in the cliffs, and Hondas along Sinatra drive.

SFA
Member

[quote comment=”111223″]Let’s put it this way – you know the Hoboken Realtors (TM) are getting desparate when you see realtor’s “For Rent” signs in front of a building, with a “Pending” decal on it.

You mean someone’s going to rent that place? Oh no, I should call up that realtor and put in a higher offer for monthly rent! Hurry! It won’t last![/quote]

Not only that, Liberty Realty’s #2 embarrassment of 2008, David Pollack, perpetually keeps his name up on For Rent signs in front of buildings with ‘RENTED’ as well as ‘PENDING’. Bad enough there is ‘PENDING’ on them, but ‘RENTED’ and his name — wtf? I don’t think he’s getting quite the ‘brand awareness’ he’s looking for.

elainetyger
Member
elainetyger

[quote comment=”111153″]Didn’t you also do the shiny red brick place on 7th?

I think your streak is over with the HT studio though…we shall see[/quote]

Nah, the 7th street place was my article; combination of H411 begging for reader submissions for his elusive vacation plus my disgust at having to walk past it every day. Don’t forget to obey the sign out front and take your shoes off when you go in to view it.

Journey is right; my friend who sells RE full time says he is making almost all his money on rentals right now. It makes sense: just because you can’t get a mortgage doesn’t mean you’re planning to be homeless.

Journey
Member
Journey

I’ve noticed that the Realtors are putting more for rent properties in there windows/signs than last year. Last year they were pushing condos.

hobojoe
Member

Let’s put it this way – you know the Hoboken Realtors (TM) are getting desparate when you see realtor’s “For Rent” signs in front of a building, with a “Pending” decal on it.

You mean someone’s going to rent that place? Oh no, I should call up that realtor and put in a higher offer for monthly rent! Hurry! It won’t last!

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