Skip Navigation
StreetEasy

Sale prices from 2001, 2008, and today

Started by dealboy
over 11 years ago
Posts: 528
Member since: Jan 2011
Discussion about
Friend in another city bought a prime location studio.. 2001 for 209K Put about 20K into it. 2008 sold for 355K Would probably sell for about 380k today. He basically got paid $1000/mo. to live there, while renters spent $25,000 a year in rent.
Response by 9d8b7988045e4953a882
over 11 years ago
Posts: 236
Member since: May 2013

He also had money for down payment, closing costs, and liquidity requirements. Not everyone is able to save that much money when paying $25k a year in rent and $50k a year in taxes.

Ignored comment. Unhide
Response by stevenlee21
over 11 years ago
Posts: 88
Member since: Mar 2013

The appreciation could be up to 50% from 2008 to 2014 if it's a prime location in Brooklyn.

Ignored comment. Unhide
Response by dealboy
over 11 years ago
Posts: 528
Member since: Jan 2011

In 2001, I think he put down like 1%. LOL

Ignored comment. Unhide
Response by aboutready
over 11 years ago
Posts: 16354
Member since: Oct 2007

I seriously doubt that. You're credibility is shot to hell with comments like that. And I had a FHA loan for my first purchase in the late 80's.

Ignored comment. Unhide

Add Your Comment

Most popular

  1. What is the deal with Brooklyn
    24 Comments
  2. Dentist and gold crowns
    23 Comments
  3. Losses on Manhattan condos
    52 Comments
  4. Cost to Build Affordable Housing
    29 Comments
  5. Leveling floors
    20 Comments