I sense the RE buying starting again.

Ok. I will take your advice and wait.

http://www.urbandigs.com/

to support CarolSt

Thank you SteveF.

Don't believe me or even Christine from urbandigs? Give your brokers a call.

Real estate prices are up 10-15% for some buyers who bought recently...the market has definitely turned the corner and will continue to rise. also there no longer is seasonality in real estate - buyers are going to continue to rush into the market in what is now traditionally a much slower season for sales to avoid missing bargain prices which we may never see again from this point forward.

give CarolSt a call

I'm merely reporting my end of the activities.
Why don't you go to urBandigs.com and bash Christine too you bozo.

Buy now or be priced out forever!

Carol,

That's good to know -- thanks for the 411.

I'm eager to buy something spectacular on the Long Island City waterfront, and I've been asking the local shopkeepers if they know anyone who's selling their condo, but so far I'm drawing a blank.

I want to act fast. I have enough cash to put 40% down. Do you know if there are any real estate brokers who specialize in that area?

It is, but not in NYC.

it's not point in disputing that volumes are up. they are. the question is 1) what types of apts and 2) at what price. i would contend that they are mainly studio/1 bed under $1mm and many under $700k so as to qualify for conforming mortgages or FHA loans. as for pricing, carolst, you would do well to look at what prices apartments are clearing at before you start waving the victory flag on rising volumes.

personally, i think there is going to be some serious sticker shock when people start seeing what prices apartments are being signed/sold at. we may not see it until 3Q closings come out, but it's going to be another leg down from there as people comp against the lower closed prices in contracts being signed now.

huh? AR, aboutready didn't even post.

Imust admit, I have not been on top of CarlSt's posts but I guess she and AR had a falling out?

yo CS---AR isn't taking your calls any more.

you never answered my question from yesterday: if biz is so great for you, why are you so upset?

They're the same person.

I dont think brokers should be allowed to talk about rates until they know what the yield curve is and how it functions.. Manhattan RE is toast..we will not be fooled

Upset? Who's upset?
Life is great.

I'm just trying to be you guys. The name calling, profanity binge. Are you guys upset all the time then?
If you can ditch it, i'm sure you can take it.

divvie, this one mystifies me frankly, can't determine the cause of the spectacular venom. unless carolst is ericho. even there, one small comment got quite the reaction.

but i don't have this one on ignore because the pathology is so fascinating.

"ditch it" - clearly an educated broker - lol

"If you can ditch it, i'm sure you can take it."

dish it...

"If you can ditch it, i'm sure you can take it."

its dish it...and yes I can.I look forward to dismantling your snake oil real estate pitches

If you can DISH it, I am sure you can take it.

Of the 10 apts discussed by Christine Toes on urbandigs.com, 5 (50%) are less than 400k (studios or brooklyn), which is what Noah has been saying all along in terms of where the sales are happening.

I would hardly call that a RE market that has recovered.

is there an echo in here?

polydoa, i think 80% would involve conforming loans, nothing at all in the mid-level $1-1.7 price range.

special_k, yes the bat cave seems to have an echo.

echo...
it takes a couple of minutes to type...
clearly we all wanted to jump on CarolSt (and for good reason)

hahahahaha...all over it

i don't really like to think about jumping on carolst. makes me feel more than a bit queasy.

@aboutready:

agreed, let's not jump on her/him...

let's ditch them instead

or maybe we could plate them?

Carol, here are some of the pictures of Long Island City that inspired me to want to buy there:

http://www.bridgeandtunnelclub.com/bigmap/queens/lic/hunterspt/newtowncreek/blissville/index.htm

http://www.bridgeandtunnelclub.com/bigmap/queens/lic/hunterspt/newtowncreek/borden/index.htm

Please please please find me a broker soon or I'll be priced out forever.

ah, just go to walmart and get a tent, or paragon if you need to overpay. find someone who's willing to rent you their terrace. it will be lovely!! and such a lark to boot.

But didn't you look at the linked photos of the ditch that Carol's referring to? Waterfront living at its finest. If I miss the opportunity to buy, I'll have to jump on myself.

i'm sold! sign me up too. who needs cash when you could live in such splendor? we could be neighbors. it seems like such a neighborly sort of setting.

Those pictures are the outskirts of long island city. Some of the buildings aren't even there anymore. New condos have sprung up in those locations.

http://wirednewyork.com/queens/queens_west/images/queens_west_gantry_park_13sept.jpg
http://www.wirednewyork.com/queens/queens_west/images/queens_west_gantry_plaza_state_park_23feb02.jpg
http://www.brokertales.com/wp-content/uploads/2008/09/lic_gantry-park_manhattan-view_broker-tales.jpg

Every neighbor in NYC have shady areas including LIC.

Neighbors? We could be the same person!

A few more.

http://www.liqcity.com/images/entry-images/eastcoast3_bldg.jpg
http://a476.ac-images.myspacecdn.com/images01/74/l_3dab69b2e501b60c455141386f2e062b.jpg
http://z.about.com/d/queens/1/0/v/C/gantry-park.jpg

I live in Long Island City and the image you are trying to paint is inaccurate.
It's not as well developed as dumbo, parkslope or even WB but it's getting there.
The first few pictures you have up in that link will be all torn down and new developments will be going up soon.

What kind of loser would link to pictures miles away from where the condos are to try to show what the area is like?

East coast build a nice track and field next to their developments, below is a link to 2 more new east coast buildings currently coming up.

http://curbed.com/uploads/archives/2006_06_LIC1.jpg

AH, AR, obviously we are the same person. I still think "we" should buy two apartments, though. Opportunities such as these don't happen often, and who knows when that window of opportunity will shut.

ConstantComment, just how many miles away in Newtown Creek from where the condos are? Be specific. Use numbers.

AR/AH -- as soon as we close on those two, let's rent them out and buy another two as primary residences. Then we can keep going and have primary-residence mortgages on all of our investments, while those sucker renters pay us lots of money.

NYC11109, nice renderings.

This is my favorite park in LIC: http://www.home.no/vince/unicorn.mermaid.jpg

I can't find the area where the powerhouse is located but that entire area will get torn down and new development will start later on this year.

11109, really? breaking ground now?

AH/AR, we can rent out the terraces too.

Hey, Carolst -

In case the RE thing doesn't work out for you, just remember, the world needs dish-diggers, too.

Alan,
That render of east coast buildings are accurate. The parks along that area will be open next month and the remaining 2 buildings are in the process of going up.

Terraces? In a fancy place like Hunterspoint? I believe they're porticos or verandahs. Or, near the waterfront ... lanais!

and ditch-washers.

AH---those photos say it all

Especially the one of my favorite LIC park, no?

Someone who lives in Peter Cooper Village is trying to knock the Long Island City waterfront apartments? - Hilarious.

As a resident of LIC, i have never been to Newton Creek. It's not accessible to the public. It's about 10 city blocks from the gantry park.

at the end of my lease i'm free to leave. or stay.

A picture of NYC skyline by the east coast buildings.

http://z.about.com/d/gonyc/1/0/w/8/gantryplaza02.jpg

This is what you get living in manhattan.

http://www.fadingad.com/blog/manhattan/nyc_society_smokes_cigars.jpg

Nice pictures, but LIC is still a dump.

which is it?,carolSt... rates goes up => youz gotz to buy NOW!
"The last 2 weeks have been brutal for rates. If you haven't gotten locked in one yet, don't be shell shock when you speak with your mortgage broker today. If you need a high balance conforming up to 720K for 30 year fix, you're looking at about 5.825 in Wells Fargo. This is assuming you put down 20% with credit score of 740+.

Still low by historical standards....but just 3 weeks ago..it was in the 4s"

Rates goes down! => youz gotz to buy NOW NOW!
"Rates are coming back down hard over the past few days.
30 fix down over 50 basis point from 2 weeks ago. A lot of antsy buyers now making the leap."

But I get it!... anyone buying below $750K should buy NOW, cause the gov't ain't gonna go $15K tax credit again and they are never gonna jack rates down like this forever = > a "if they let you borrow enough, then you can AFFORD it" school of economics.... where do you teach, LIU... w/ Ericho75 as your TA?

Yikes!
w67street..is this your wife or is this AR?

http://4.bp.blogspot.com/_fw7iF68JR8k/Rg8r2okMXGI/AAAAAAAABsc/r1G5s_2bc3w/s320/fat_lady_eating_cake.jpg

you seem fixated on that photo jerkico.

carolst, I got it! its a self portrait. nice.

Wow! Is that really you AboutReady? Heard you were a bit overweight but jesus!

The last time i saw you in the bakery on East 67th, you looked great! Didn't know those constant visits of the bakery did you in.

this is a weird thread

carolst... give CC a shout out for posting that first... no manners, raised by RE Brokers living in a tent?

CarolSt... I was captain of a sports team in HS, yesterday did my usual 495lb squats, 185lb shoulder press, and sets of 135Lbs clean and press... the wife just did a half marathon this weekend in 2hr 10 minutes 39 seconds, after a call week and 3 weeks off due to knee pain (yes fyi she's a doc, AR will verify if you want her to... but we are all the same, right? alanhart, AR, CC ?)

I can squat 496lbs and press 186 shoulder press.
I own you son.

absofnglutely. we're just one big happy person.

Look carefully at the background of that photo, and what do you see? YES -- Ravenswood in Long Island City!!!

That's a photo of lard-ass Carol in her Ravenswood apartments, having her cake and eating it too and then eating some more.

It's her broker profile photo!!!!!!!

Sorry, you're right.
That is ravenswood in long island city. Another dump just like my county.

Columbia_Dump
4 minutes ago
ignore this person
report abuse
I can squat 496lbs and press 186 shoulder press.
I own you son.

hahahaha :), that's not my MAX... that's just my regular workout.... point taken :)

w67thstreet,

Wow! You are one fit dude.

gotta say, love that line "I own you son."

yo, Alanhart.... I married my wife when she looked like that, and now she's gone and worked it all off :), how'd you think I got to marry a doc?

Maybe because your wife likes retards?

this is getting scary.

somebody's spending too much time at the internet cafes/libraries. scuttling around town creating identities must be tiring. make sure you get some quality nutrition, or that way of life might make you a bit fat, all those carbs on the go you know.

ar,
shut the hell up!

No fact people in this town.

no. i must compete with those voices in your head.

fat people...

ar, now i'm just confused :)

columbiacounty vs. ColumbiaCounty

use caution to look in rear view mirror to see what may be in front of us

hold on, I gotta log in take all the iterations of w67thstreet... this might take awhile :)

LOL. http://www.reuters.com/article/newsOne/idUSTRE55D1ON20090614

johngalt, silly! that's manhattan, not a "prime" location like LIC.

talk about stirring up the hornet's nest...i am impressed. next we'll be seeing W67thstreet instread of w67thstreet. hilarious.

I'm surprise caps are allowed. Very odd.

Then again, i can't blame them for trying.
You do sound like an idiot sometime CC.

thanks for the vote of confidence.

malthus, trying what? to pump up their sales? i think attempting to hijack identities isn't cricket.

malthus, the real one, sorry. got it, you've been hijacked. why don't you become malthusian, or some such?

I'm confused.
Who's hijacked?

apologies for the fake malthus...

asshole

AR, he would need a username without a lowercase "l"... otherwise same thing could happen again

special, i just realized that. and carolst has an l.

I'm an idiot.

HAHA

it's always nice when self-awareness is amusing. keep listening to the voices.

yeah, and maithus i already signed up for Speciai_K as well... not that anyone would have so little of a life as to need to impersonate me!

AR,
Someone signed up as caroist.
Is that you?

"I'm an idiot."

Not going to argue with you carolst since it's CarolSt...

no, not my style. one person, one handle. hope someone uses it well, though. i see someone may have already started, but the sad thing is i honestly can't tell from that prior post.

missed the caps on that one. quality of my detective work is slipping.