17 Responses to ** REAL ESTATE **

1. 1.

   jooles November 2nd, 2006 |

   Hello all. Does anyone know what the deal is with construction in Hoboken – both old and new buildings? Many people I know who have either bought in Hoboken or are looking to buy in Hoboken are coming across leaks in the roof, mold behind the walls, and either condo associations that don’t want to deal or developers that don’t want to pay for the damage. I understand that the Columbus, the Terraces, and the Belmont are among the newer buildings that have had or have these issues. Thoughts?

   Login or Register to reply

2. 2.

   ericsquare May 15th, 2007 |

   Burned out building on Adams b/w 4th & 5th sold?
   doing work on this after a year. i don’t know when the fire happened. But i think that’s good. Man. i thought about buying that building for a second….

   Login or Register to reply

3. 3.

   chacha17 May 15th, 2007 |

   In response to ericsquare who said:

   Burned out building on Adams b/w 4th & 5th sold?
   doing work on this after a year. i don’t know when the fire happened. But i think that’s good. Man. i thought about buying that building for a second….

   burned 8 or so years ago…sold for $1.2….zoned for 5 floors – approx 1200 sq ft each

   Login or Register to reply

4. 4.

   Journey May 15th, 2007 |

   So which redeveloper bought it?

   Login or Register to reply

5. 5.

   chacha17 May 15th, 2007 |

   In response to Journey who said:

   So which redeveloper bought it?

   LRS(or LSR) Develpoers out of Brooklyn…not a big operation… a couple of older Eastern European guys

   Login or Register to reply

6. 6.

   knightfan September 14th, 2007 |

   Has anybody heard anything about the 1000 Jefferson building? They pushed back the move in date to october 18th because they did not get pass their inspection. Does anybody have anymore info on the progress?

   Login or Register to reply

7. 7.

   mo2003 October 12th, 2007 |

   Can anyone offer a suggestions of a good condo management company in Hoboken???

   Login or Register to reply

8. 8.

   uptown girl October 12th, 2007 |

   My association currently uses Realty Express/La Barbera and they are quite good. We did briefly use RobinsOak, they were awful.

   Login or Register to reply

9. 9.

   FAP January 24th, 2008 |

   behindthemortgage.com/behind_the_mortgage/2008/01/news-on-conform.html

   Perhaps someone more familiar with the mortgage and JUMBO paper markets can tell me what the ramifications of this would be.

   While I and Hoboken would most certainly benefit from the raising of the conventional mortgage limit from 417K to 625K I don’t see how it would solve the existing market problem.

   Given the credit and down payment requirements of the Agencies how will this help upside down borrowers who want to refi or people who can’t put down 20%.

   Login or Register to reply

10. 10.

    ron mexico January 24th, 2008 |

    417k is a redicously low limit for Jumbo mortgages, makes sense to raise it.

    WTF is an upside down borrower?

    Login or Register to reply

11. 11.

    strand tramp January 24th, 2008 |

    stupid gimmick that won’t do anything. with a stated 1-2 yr program life the paper that originates will always trade cheap to conforming in the secondary. how many of the “families” that are near default are really pushing up against those levels? i’d wager a very small percentage.
    as far as the 20%…you have to earn good credit, you have to work and save for a home if you don’t have your parents give you one. this isn’t news and all the me-generation digbats are in for a rude awakening if we head into a severe extended recession. wow, you guys are going to blow your f’n brains out if tough times come, heh heh.

    Login or Register to reply

12. 12.

    strand tramp January 24th, 2008 |

    an upside down borrower is someone who owes more for an asset then it’s market value says it is worth. in the case of a residential property it’s time to drop off the keys and walk away.

    Login or Register to reply

13. 13.

    FAP January 24th, 2008 |

    In response to ron mexico who said:

    WTF is an upside down borrower?

    A person who owes more on the house than the house is currently appraised at.

    ST the one year with the possible extension caught my eye too. Perhaps the hope is if conventional rates are offered for a limited time it will encourage people/investors to come in and buy homes from troubled owners.

    Interesting times….

    Login or Register to reply

14. 14.

    strand tramp January 24th, 2008 |

    more likely it’s just a window for banks to clean out their portfolio of jumbo’s and offload to the GSE’s thus reducing their overall mtg exposure on the balance sheet.

    Login or Register to reply

15. 15.

    homeboken January 24th, 2008 |

    In response to strand tramp who said:

    more likely it’s just a window for banks to clean out their portfolio of jumbo’s and offload to the GSE’s thus reducing their overall mtg exposure on the balance sheet.

    Possible, except Fannie and Freddie have little appetite for jumbo residential paper right now. You can call it conforming, but yesterday it was non-conforming, the risks associated with the debt don’t change b/c you changed the name.

    Login or Register to reply

16. 16.

    strand tramp January 24th, 2008 |

    that would be the point of the program, if conforming requirements are changed, even for a small period of time, they would have to take them. the key at this point is to strengthen the financial institutions. please see AMBAC/FGIC bailout plan being touted…that is the reason the DOW moved 600pts yest from the intraday lows to the close. homeowners? they’re a second concern at this point. or third…fourth?

    Login or Register to reply

17. 17.

    Easy-E January 24th, 2008 |

    Peachy.

    Of course this comes from the National Association of Realtors. It’s safe to assume that figure is manipulated in some way.

    http://news.yahoo.com/s/ap/20080124/ap_on_bi_ge/economy

    Login or Register to reply

You must be logged in to post a comment.