WSJ: Studios Lose Luster

Hahahhahahaaaaaaaaa. The bottoms dropping WTF is gonna happen to 2/3bdrms? Flmaoz. Just like 1991, studios dropped like a rock all others tracked that graph straigt to the bottom. Flmaoz.

I remember in the early 90s hearing people say studios and one bedrooms were not as good of an investment as 2 or more bedrooms. This is HARDLY new news.

...and by "people" I mean people who would have been on Streeteasy had it existed then...

The point is that those "people" (including me, I didn't buy my studion in '99) were VERY wrong for a long time. I still don't understand the risk of "buying" a home that you outgrow the minute you have a significant other or a large dog. But given the propensity to own, and the rise in 1 and 2 BR's, many did buy, and for some it even made sense.

I was sure that everyone said the tax credit had no impact on manhattan. The coincident sales spike was purely chance.

Then why am I seeing studios that sold in the mid $300k in '05 are on the market for $550k? It gets confusing...

Julia - a bowl of cereal confuses you.

They can put it on the market for $1 million. Doesn't count until enough trade at that level to make it the market price.