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ALWAYS having your dwelling For Sale..

Started by ss400k
almost 14 years ago
Posts: 405
Member since: Nov 2008
Discussion about
.. so met a couple at a conference overseas who happened to reside in WV, and naturally we started talking about nyc re... they've moved 12 times in the past 20 years and I naturally though ok they work re on the side probably brokers but ended up that they simply list their home the first day they move in with a broker at a price they want to sell at, but they never were in the case were they actually HAD to sell (having cash helps i guess for the new place)... just curious if brokers would actually work this tactic, given nary a negotiation since they seek a certain price or are perfectly happy where they are.
Response by alanhart
almost 14 years ago
Posts: 12397
Member since: Feb 2007

The couple are probably like all those houseflippers who think they added value to the house, but really they just held it off the market for several months while the bubble inflated. Similarly, this couple's aspirational price (like Zillow's "Make Me Move" price) probably wasn't a moving target, so the bubble engulfed it. Have they gotten any offers lately?

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Response by ss400k
almost 14 years ago
Posts: 405
Member since: Nov 2008

to the last question, yeh they just moved into their new dwelling 1.5 months ago, was at their previous location for just under a year... they're empty nesters (work part-time, though speaking to them i think it's more for keeping active than $ reasons), but prefer a large space 3+ br since their grandkids (from all over US/UK) like to visit nyc often..

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Response by alanhart
almost 14 years ago
Posts: 12397
Member since: Feb 2007

I thought you meant West Virginia!

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Response by alanhart
almost 14 years ago
Posts: 12397
Member since: Feb 2007

But NYC transaction, moving, fixup/renov costs ... tsk tsk

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Response by ss400k
almost 14 years ago
Posts: 405
Member since: Nov 2008

no west village teehee

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Response by falcogold1
almost 14 years ago
Posts: 4159
Member since: Sep 2008

Real Estate Gypsies!
Just the kind of peeps I want living next to me.
Keep the property in good condition...WTFFor?
Do you think they simply lived out of boxes for 20 years?
Love the decor, Moishe's Moving, interesting choice.
Mattress constructed from green garbage bags and packing peanuts. Wall posters hung with packing tape.
Newspaper on the windows for privacy.

Did they read your palm?

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Response by nyc10023
almost 14 years ago
Posts: 7614
Member since: Nov 2008

That couple sounds like me, before kids.

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Response by apt23
almost 14 years ago
Posts: 2041
Member since: Jul 2009

alan; we know well on this board that there is a sucker born every new york minute. so why not put the place up for an aspirational price and see if there is somewhere out there with no RE knowledge ready to listen to the broker mantra: buy this or be priced out forever. It should be known as the PT Barnam method of house trading.

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Response by alanhart
almost 14 years ago
Posts: 12397
Member since: Feb 2007

I just mean that in a rapidly rising market, yesteryear's aspirational pricing became the next year's underpriced property. Unless they were sophisticated enough to make it a moving target ... in which case they might never have sold!

But yes, if pricing is kept aspirational and you happen to hook that one sucker who gets mesmerized by the photos of your family or whatever you have in your apartment, you luck out.

I wonder what ever became of the Barnum mansion in Harlem after it was sold in the past couple of years or so.

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Response by semerun
almost 14 years ago
Posts: 571
Member since: Feb 2008

Alanhart, The Bailey mansion is being carefully restored. http://harlembespoke.blogspot.com/2012/06/revive-new-observatory-window-at.html

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Response by ss400k
almost 14 years ago
Posts: 405
Member since: Nov 2008

but back to my original q guys/gals.. do you think brokers would take up this kind of of listing given a) no negotiations ever until price is met bc sellers don't NEED to sell and are happy living there, b) listing could stay for 1 year because of point a..

initially thought this would frustrate a good broker (insert joke), but then again brokers are saturated these days right

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Response by nyc10023
almost 14 years ago
Posts: 7614
Member since: Nov 2008

Yes.

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Response by w67thstreet
almost 14 years ago
Posts: 9003
Member since: Dec 2008

Should a child prostitute take an ugly fat old guy?

Wtf? Stfu. You made a ton of money buying nyc re at 2009. I'm sure you are up 120% like I am on sprint. Oh that's right your Kool 'investment' banking / lawyering / 10-k printing job precludes you from making $1mm in 4 months.

Well I guess your $1mm semi annual salary makes you sleep well at nite. everyone that lives in the WV are fking rich. They sell 'homes' to each other at ever increasing prices. All facilitated by the borkers and bankers.... No worries it'll work out fine in the end!

Flmaozz

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Response by w67thstreet
almost 14 years ago
Posts: 9003
Member since: Dec 2008

Bend over ill should you saturated.

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Response by w67thstreet
almost 14 years ago
Posts: 9003
Member since: Dec 2008

Go on..... You try it. Let's see you make money serially flipping in the WV. If you make $500k you won't even have to pay cap gains tax!!!! Go on I double dog dare ya.

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Response by w67thstreet
almost 14 years ago
Posts: 9003
Member since: Dec 2008

Triple dog dare ya?

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Response by inonada
almost 14 years ago
Posts: 8085
Member since: Oct 2008

These guys should be a broker's dream.

Say prices went up 3x over the past 20 years: works out to 5.6% a year. Say each flip costs 8% in transaction costs. At the pace of 12 every 20 months, that eats up 4.8% a year. A normal person transacting 2-3 times would have only given up 1% a year.

Now maybe these guys selected places that outpaced general growth. But they'd have had to do so at a pace that was better than the market to the tune of 3.8% each & every year. Over 20 years, that menas they would have had to have seen an underlying increase of 6x just to break even w.r.t. a 3x increase and a more normal holding period.

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Response by inonada
almost 14 years ago
Posts: 8085
Member since: Oct 2008

In other words, what AH said.

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Response by Brooks2
almost 14 years ago
Posts: 2970
Member since: Aug 2011

Only a RE broker would do this or think its a good idea. I think it's fcking ridiculous.

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Response by Riversider
almost 14 years ago
Posts: 13573
Member since: Apr 2009

With real estate just like everything else its important to know who you are. Some people don't , buy think its semi-permanent and then get bored and have to sell and buy again.

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Response by ss400k
almost 14 years ago
Posts: 405
Member since: Nov 2008

'I think it's fcking ridiculous'.. i could see that but some boys like roast beef, others penis.

i should point out this couple seems semi-retired and run their biz only half time.. get the sense they dont need the $, but would be bored sitting in a retiremenet awaiting their tapioca injected serving.. i cant picture an entire family (2 full-time working parents w/ kids in school, etc) doing the same thing tho

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Response by aboutready
almost 14 years ago
Posts: 16354
Member since: Oct 2007

I like to move, and did so frequently (very) before I owned. But the hassle of the transactions, constantly maintaing a property at "show level" would be enough to give me hives after the first few times.

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Response by ph41
almost 14 years ago
Posts: 3390
Member since: Feb 2008

The only positive would be that you probably would always be getting rid of the junk we all accumulate

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Response by w67thstreet
almost 14 years ago
Posts: 9003
Member since: Dec 2008

That junk is your azz comes from over eating.... Thanks allah for the 32 ounce limits. I hate looking at fat azzes.

Semi retarded is no excuse for home flipping. It demeans all the retarded that flip homes fora living.

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Response by huntersburg
almost 14 years ago
Posts: 11329
Member since: Nov 2010

Number of thousands of people who "touched" w67th's wife?

a) 2000
b) 5000
c) 10,000
d) more than 20,000

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Response by Truth
almost 14 years ago
Posts: 5641
Member since: Dec 2009

Number of times ph41 has made a fool of herself trying to manipulate me on se:

a) When she posted my address

b) When she posted a comment about me, already foolishly posted by Wbottom/yikes, from a hack in 2006 which has long been disproved in the Press.

c) When she called me a liar along with her re-posting of that comment.

d) When she disappeared off the discussion, after I told her to check with ali r. , before making a bigger fool of herself.

5) All of the above.

Answer: #5

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Response by Truth
almost 14 years ago
Posts: 5641
Member since: Dec 2009

#5= E
E for eating and drinking herself into a drunken mess.

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Response by alanhart
almost 14 years ago
Posts: 12397
Member since: Feb 2007

Tinfoil-hat letter-number association. Bad sign. Paynewhitney Phil says six more weeks of institutionalization.

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Response by Truth
almost 14 years ago
Posts: 5641
Member since: Dec 2009

^^alkiealanhart the troll liar up early on a beautiful Sunday, which he will spend alone at home.

The Hamptons are beautiful this time of year.
Great weather for sailing.

W67th picked-up NYCNovice to take her for a sail.
I see his boat and she's tied to the front.
He dressed her up in a mermaid outfit.

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Response by alanhart
almost 14 years ago
Posts: 12397
Member since: Feb 2007

Poor Spinny.

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Response by Truth
almost 14 years ago
Posts: 5641
Member since: Dec 2009

Spinny works. He has talent.

alanhart trolls. He has nothing.

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Response by w67thstreet
almost 14 years ago
Posts: 9003
Member since: Dec 2008

Spinny bought a bubble 'bargain' ... Like so many never quantified the magnitude of bubble. W81 said what a bargain! Ali said it's a 'home!'

Plenty of nazis had talent too. -shrug-

I'm sure w67 would have gotten along with plenty of nazis too.... But I choose to call them out on their nazism.

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Response by Truth
almost 14 years ago
Posts: 5641
Member since: Dec 2009

While recording "We Will Rock You" at Wessex studios,
Freddie Mercury came face to face with Sex Pistols bassist Sid Vicious:

"So you're this Freddie Platinum bloke that's supposed to be bringing ballet to the masses," Vicious snarled,
prompting a completely unfazed response from Mercury:
"Ah, Mr. Ferocious, we're trying our best, dear."

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Response by columbiacounty
almost 14 years ago
Posts: 12708
Member since: Jan 2009

wow.

i never knew that.

wow.

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Response by alanhart
almost 14 years ago
Posts: 12397
Member since: Feb 2007

What a truly boring tale, trUth, and yet just as completely off-topic as your ... well, other truly boring tales, trUth.

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Response by Truth
almost 14 years ago
Posts: 5641
Member since: Dec 2009

alkiealanhart is bored.
His last interesting tale was...?

He said se readers would be told the truth about my lies, by ali r.
alkiealanhart, the liar-loser.

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Response by alanhart
almost 14 years ago
Posts: 12397
Member since: Feb 2007

My last interesting tale was

"There's no such thing as schizophrenia, there's only mental telepathy. I once had a friend named Camilla Costello. She was Abbott and Costello's daughter. She said to me, 'You know, Sylvia, I have a lot of friends, but you're my best friend.' I'm working here. I'm an intern at Creedmoor. I'm in the Pentecostal Church, but I'm thinking of changing my religion. I have a dog at home. I love instant oatmeal. When you have Jesus, you don't need a diet. Mick Jagger wants to marry me. I want to get out the revolving door. With Jesus Christ, anything is possible. I used to hit my mother. It was the hyperactivity from all the cookies I ate. I'm the personification of Casper the Friendly Ghost. I used to go outside asking the other kids to be my friend when I was little. California's the most beautiful state in the Union. I've been there once, by television. My name is Jack Warden, and I'm an actress."

Oh, no ... wait ... I've told many *fabulously* interesting tales since that one, and besides that one was by Susan Sheehan in her 1982 Pulitzer-prizewinning biography Is There No Place On Earth For Me? Great job, Susan Sheehan; great job channeling trUth.

There's a place for trUth, but it's not an internet discussion board that is supposed to be focused on New York residential real estate. I won't say what the place for trUth is.

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Response by Truth
almost 14 years ago
Posts: 5641
Member since: Dec 2009

alkiealanhart, the liar-loser troll.
He lies and he loses.
I'm still here on se.
You sulked and "left" when you were sent to the grey zone.
After several failed attempts to get yourself reinstated, you came back anyway.
Back to the business of trolling me.

Now you think you control se, in your drunken mind, from within the grey zone.
Too bad for you, alkie loser.
I'm here whenever I want to post a comment about whatever I want.
Suffer and complain in vain.

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Response by alanhart
almost 14 years ago
Posts: 12397
Member since: Feb 2007

But EVERYONE suffers your miserable and tiresome abuse of this board -- not just me.

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Response by Truth
almost 14 years ago
Posts: 5641
Member since: Dec 2009

^^alkiealanhart is now speaking for "EVERYONE" on "this board"! LOL!^^

alkiealanhart doesn't like that people on this board get along with me.
Anybody who doesn't like my comments can just choose to ignore them.
He has the option to stop reading my comments since he's suffering, yet he continues.
He's a miserable old man whose life turned out to be tiresome and boring.
He's a liar and a loser.

Too bad for alkiealanhart!

I do what I want to do -- not what alkiealanhart tells me to do.

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