Open houses today

oh please, as if this post wasn't a plant

so true.

umm, the so true comment was for siggy98, not clintonB.

Thanks Sam..the situation is crazy out there! Clinton--how could this be a plant..as if my post will spontaneously realign the market...

i agree - it is frustrating -- nothing appealing has shown up so far at an appealing price

try 275 w 96th for a 1.15 million 3br 2ba
havent made it there yet but may be promising

seriously, ClintonB, what's up with flaming? I agree Siggy 98, I finally threw in the towel last month on the open house scene for the same reasons. My husband refused to even look at anything under 2mm because he thought it was a complete and utter waste of time.. and IF we bought a 2mm place in we would be paying TWICE as much a month for THIRTY years after dropping at least 400K on a down payment.

I'm pretty much with Mrs. Buffet. I generally haven't gone to open houses for a couple of months. The numbers just don't compute and the sellers just don't get it. So sales plummet. And eventually things realign.

My guess is things will look much more compelling by the end of 2010. Lots of new developments will come on line around the middle and end of next year related to the tax abatement end. They'll sit for a while as developers keep hoping. Then by the end of 2010 the banks will pretty much force their hand.

Enjoy your rental. Build up your down payment.

Topper - hope you and I are in the market for different things and don't end up competing, since I have pretty much the same plan/timing as you.