Peter Cooper Village = Glorified Housing project

You are correct from an architecural stand point, but wrong on other accounts. The main difference is the resident demographics.

I agree with Riversider..also the rooms are large and the rents are very high so some people feel it's worth $3k for a one bedroom, no doorman.

Raise your hand if you have actually been inside a housing project.

having inner courtyards with trees, play grounds, etc. is like the projects. if we would have more developments like this in the city that are NOT projects, more families would be happy to live here and pay the extra rather then moving to the burbs.

I've been in one. The rooms are huge. I never been inside PC Village. I bet they're the same

Stick_man, you've been in a true (NYCHA) housing project? The two (UWS, Chelsea) I've been in definitely do not have huge rooms. Stuy Town, yes. I've never been in a PCV apartment, but they're supposed to have considerably larger rooms than those of Stuy Town.

The primary difference is that at Peter Cooper Village, you don't have to live next to the poorest of the poor. That's worth a huge price premium. If you don't care about living next to poor people, you can find much better deals in Harlem.

There are housing projects in better neighborhoods than PCV

Doesn't aboutready live in Peter Cooper Village?

I miss aboutready. I mean, if I'm not going away until BOTH aboutready and columbiacounty are gone ... well, might as well have twice the material to work with.

i find the foaming at the mouth my occasional visit generates kind of interesting. rather busy just now, but glad to oblige. hi to all (ok, not quite all).

Hey girl, there you are!

and now i'll be gone again. you're so predictable. like a cockroach.

Hey, tell me again how I bore you and amuse you at the same time. For old-times sake.

sorry, gone.

So sad.

Doesn't aboutready live in Peter Cooper Village?

stuy resident here...I'll be laughing all the way to bank when I buy my green, traffic free utilitarian palace for $300-$400 per sq. foot! HA! Yes, it will happen...it's the only way the debt holders will be made whole (or close to it). An for the record...I'm on 15 and 1st...a 10 min walk to union sq and all the e village has to offer...not to mention being zoned for good elementary and middle schools.

Yo, yoyo, this thread was about Peter Cooper Village.

Hey, aboutready, how many names are you using now?

I don't get why people need multiple names.

columbacockroach....PCV...ST...pretty much the same place. PCV has larger apts, but less green space and not as convenient to Un Sq. and the e village.

aboutready needs multiple names because she had promised to leave SE totally. BUT, she just can't seem to keep her word. (Not that anybody missed her words)

I missed her. Aboutready posted comp work that no one else had the patience to track. If you are looking to buy in NYC, it was invaluable material and it is now wholly missing from this site. It added to SE in a substantial, quantifiable way. I think SE should reconsider their harsh words regarding AR considering that those that filled the void --like the troll-- have nothing to add to the any substantive conversation about NY real estate.

Hey AR - why hide behind all those other names? Why not just call yourself "neverready" and admit you can't stay off SE?

Apt23 - Oh please - she posted comps that fit in with her pre-conceived notion (desire) of the market. If anyone is serious about buying in NYC they will do their own "comps" work, and will pay the $10/mo. for the info.

but, yes, she thought of that as her "WORK" - too bad, so sad.

Do you really think she could have worked as an appraiser?

"I missed her. Aboutready posted comp work that no one else had the patience to track. If you are looking to buy in NYC, it was invaluable material and it is now wholly missing from this site. It added to SE in a substantial, quantifiable way. I think SE should reconsider their harsh words regarding AR considering that those that filled the void --like the troll-- have nothing to add to the any substantive conversation about NY real estate. "

This is a joke right?
She's been bashing the NYC housing market since she sold in 2004. Over the past 6 years, she offered nothing but groom and doom. She missed selling at the top...she missed buying at the bottom. I don't get it????

AR did offer insights into RE and econ. problem was when the talk got deviated away from those topics and grew into personal attacks and bullying.

You can't compare the work AR did with comps with just a 10 dollar fee on SE. She didn;t just provide comps on a building. She provided price trends in neighborhoods and economic overviews based on comps.

notadmin: I agree she reacted with an a bit too much zeal to the troll which she admitted. But the stalking by the troll was abusive, frightening and even legally actionable. The fact that posters on this site fail to recognize that fact is a real reason why the troll continues to interrupt valid discussions on this site.

ph and ericho --why is it that you don't protest the presence of the troll yet harp on someone with a differing viewpoint. AR's work on comps was non partisan. It was based on facts. No one else is doing it.

AR and W6th just were total bears with no skin in the game. Because of posters like her others like
EVYC were too afraid not to buy. And now, posters like EVNYC are saying they totally missed out. (Sorry EVNYX to drag you into this - just seeing your past recent posts about your regret that you didn't buy at prices that worked for you, but that you thought would keep going down - partly because of the "bears" like AR and W67th on this board.)

And AR and W67th were (and are) definitely the "bullys" on this board.

It would also be helpful to have AR's inside view on Peter Cooper right now because the outcome is going to have a real impact on NY real estate. But the troll's objective was to get rid of AR and though you can argue with hindsight that AR didn't handle a very stressful situation as well as she could have, ultimately when you disregard her import to this site, you allow the troll a devastating victory over all on this site who want to engage in informed dialogue.

sorry Apt23 - Ar-s posts were definitely selective - all with a "BEAR" POV. And exactly what does AR have as an "inside" PCV point of view - she is just another panting (current PCV renter) with possible below market dreams owner. She has absolutely NO inside info, other than her own wishful dreams.

And hey, is she still taking her laundry up to the country to wash, to avoid using the PCV laundry room?

sorry ph. == AR's comps are facts. If you want to post bullish comps you are welcome. So if you would like a site with only bullish posts, why don't you start your own site. Would you really like to rid this site of a balanced viewpoint? I think that would be a rather small minded.

sorry - AR-s comps were "preselected" facts with a definite bear bias. She sold way too early in 2004, didn't get back in the game in 2004-2006 because "HUBBY" was not yet an "equity partner," and she was borrowing to pay for daughter's private school. By the time she realized prices had gotten away from her she had hunkerd down in PCV and become a bear, because she simply couldn't afford to buy.

right - her facts are facts = LOL.

omg sorry. didnt realize i was engaging the troll

so many trolls.

This is a joke right?
She's been bashing the NYC housing market since she sold in 2004. Over the past 6 years, she offered nothing but groom and doom. She missed selling at the top...she missed buying at the bottom. I don't get it????

Agree, She spent years jusifying to herself and in a public forum the decision to rent in the project

aboutready was a terrible presence on these boards. She spewed hateful views, was nasty and obnoxious to anyone with whom she disagreed, she used foul language and she hijacked every decent debate and discussion with her vitriol. She added nothing substantive but extreme positions supported by nothing but her ill-informed, arrogant opinion. These comps she posted were nothing but cherry-picked misleading examples she would find to push her nonsense views.

These discussions are much improved for everyone with her absence. Please stop baiting her to come back.

i was so happy to see aboutready was back...until your hate filled comments appear..

> And now, posters like EVNYC are saying they totally missed out.

missed out on what? 101 on how to read reports: you need to break them up to get rid of the change in the mix. in fact, prices DIDN'T GO UP but down quarter to quarter...

A collection of the most useless wastes of space on this site gathering to throw dirt on somebody who actually contributed something here. Egged on by somebody who started a thread with the sole purpose of doing that. Perfect summary of where things went wrong here.

malthus...ditto

It is the polarizing characters with agendas tattooed across their foreheads that makes this soup so tasty. Those who hang around here know enough to apply liberal amounts salt to their dish. People who prefer consume and gentle hugs to reality and spirited discourse have come to the wrong place.

Having said that, AR literally lost me when she began engaging the troll. She had to know her ire was the food upon which it feasted, yet I was constantly amazed by the fact she couldn't stop herself. Like a moth to a flame, it was -and still is, apparently.

malthus...ditto

and those of us who rent and could easily afford to buy have just as much skin in the game as owners.

this "skin in the game" mentality of owners we call "talkin position" in trading--refers to those who are blinded by the illiquidity of their positions, who cant see the intelligence of alternatives, who resent and mechanically attack those who profess different approaches, and launch on about their wonderful penthouses as tho many renters couldnt easily choose their approach if they found it to be intelligent

please Wbottom, the bear renters are just as guilty of talking their positions as the bull owners.

sorry ph. == AR's comps are facts. If you want to post bullish comps you are welcome. So if you would like a site with only bullish posts, why don't you start your own site. Would you really like to rid this site of a balanced viewpoint? I think that would be a rather small minded.

ditto again

and her politics were left-leaning--funny her detractors incl LICC and Redbaiter!!

why dont you guys create a site for right wing ny real estate bulls--you can all fiddle with one another uninterfered with

Comps are comps btw. Allz the bullz put up your comps. Bring it.

Fwiw, 6mn on 320 cpw just dropped $50k. How are neighbors undercutting each other exactly bullish? Flmaoz.

Wbottom: "...and those of us who rent and could easily afford to buy have just as much skin in the game as owners."

Valid point, but perhaps overstated. Most owners have an unhedged long position in Manhattan real estate - usually with a heavy dose of leverage to juice the risks and rewards.

Renters have something different. What's it analogous to? An out-of-the-money call option with a fairly low premium? A hedged short position? Whatever you call it, I think it has less downside than ownership, so you can't exactly equate a renter's "skin in the game" with an owner's.

Sorry, call option doesn't fit. Is it a put? Not exactly.

Increasingly, owners have less skin in the game. Thank you, feds :)

West81st - the bet is the same magnitude, just different directions. Owners have locked in (the majority of) future housing costs, the renters have not. They have the same exposure. Let's keep this simple:

Person 1: $300k cash (set aside for down payment), rents 2-bed apt that would cost $1mm to buy. Thinks prices are heading down. But they go up, 10%, so has to find another $100k to buy the place.

Person 2: $300k down on a $1mm place. Prices head down 10% - has to come up with another $100k to maintain his equity.

hey 81--agree re the illiquidity/leverage the owner faces vs the renter--but what's so different for the renter with many alternative investments to re? like hedge funds? and fixed income products with redemption penalties?
and there was sure "skin in the game" for those who could afford to buy but chose to rent during just about any period between 1992 and 2007---f'ing real estate bull train left em in the dust!!

funny..23

They call it the Bernanke Put

Aboutapt67county, am i a troll too?

Really --so you would rather have this idiot (troll not notadmin) be posting here without any restraint rather than someone who posts comps (albeit amidst some other salty material) that you can actually use to track the market. Enjoy your victory laps around the psychosis maze.

wow. this time they removed all trace of troll. not even a "comment removed" on his latest rant just before notadmin's comment. good going, SE. More of same, please.

Printer/Wbottom: The comparison holds IF you value at (or near) zero the renter's last-resort exit option, which is to leave the market altogether without ever buying. I guess that makes sense if you consider the overall life impact of leaving Manhattan to be to great that it outweighs any imaginable financial loss.

Again, I basically agree with the basic premise. I just think that, all else being equal, a renter generally has a smaller stake in the market going down than an owner has in it going up.

Can someone please explain
"And really honey, having a vagi that your husband scores in and no babies come out aint something to be proud of, even if it happens in a ph."

which part don't you understand?

Columbiacounty and his Socratic method once again

Dueling trolls. nice!

hey matt!

yep, that's you matt!

who's encouraging what here?

"how the f did you take "a glimpse of their living room" without their consent?"
"how do you have a rats ass clue as to why they don't have floor coverings? "
"you're a tard. "
"btw, you're still a tard. no compassion."
"once again you're absolutely full of shit matt. absolutely. "
"maybe one day you'll have a kid with asthma. happy days!"
"do you get it now? your kid can be a fucking obnoxious loud nightmare "
"Matt, you are such an asshole. such an asshole."
"btw, you're a jerk of the highest order."
"good f'ng lord the assumptions here are crazy. maly, same for you."
"give me a f'ng break"
"and really. what an assholic thing to write"

spinnaker1
about 8 hours ago
ignore this person
report abuse

It is the polarizing characters with agendas tattooed across their foreheads that makes this soup so tasty. Those who hang around here know enough to apply liberal amounts salt to their dish. People who prefer consume and gentle hugs to reality and spirited discourse have come to the wrong place.

Having said that, AR literally lost me when she began engaging the troll. She had to know her ire was the food upon which it feasted, yet I was constantly amazed by the fact she couldn't stop herself. Like a moth to a flame, it was -and still is, apparently.

are you sure you know how you would handle someone going after you endlessly and relentlessly?

columbiacounty
6 minutes ago
stop ignoring this person
report abuse ...
are you sure you know how you would handle someone going after you endlessly and relentlessly?

Interesting question. How about we poll the numerous people you go after endlessly and relentlessly. Maybe we should start by asking the person you sought be hit by a bus.

matt?

w67thstreet does that. You need your own material.

matt...help!!!!

and hey W67h - having a c**k that babies come out of, even in a rental, ain't something to be proud of (anyone can do it - and they do)

At some time, it might be nice to hear something nice that you've done, or bought, for your hard working wife - we all know about your "rolex, your car, your boat (sorry, your "yacht")

"w67thstreet
about 22 hours ago
ignore this person

Comps are comps btw. Allz the bullz put up your comps. Bring it."

Oh really? Since when are you oh so tolerant and openminded to facts (i.e., comps) that are not friendly to the version of reality (or in your case surreality) that you have already decided on? Before responding, please review your comments in the thread below, including attacks on West81st (sampler: " how much did you get for your soul? man......6%").

http://streeteasy.com/nyc/talk/discussion/22052-ones-that-got-away-best-buys-from-the-crash

Those are comps? I thought they were judgments by one poster on good deals.

What are you trying to say malthus? aboutready's toilet seat broke but it is her landlord's fault?

wow just wow - SE administrators needed to work this week. What's your beef PH? Knock it off if you have nothing to say about the topic at hand which is PCV