things I have learned on Streeteasy

12) Sellers hate brokers.
13) Most people think it is ok for brokers to lie about where the property is located if it brings them more exposure.
14) Most people like dogs better than they like other people.
15) Rent stabilized people think they deserve cheap rent even when they earn high incomes.

16) Buyers think renters are fools.
17) Buyers think buyer's brokers are frauds.

18) I have more free time than I thought.

All these things I hold true.

lol dwell

It's unfortunate that this isn't a useful thread. I was excited about the title.

19) Some people never figure out the subject of the thread and mess it up.

uwsmom, you're right it's not a useful thread. I am just feeling unusually snarky today...

20) Some people continue to mess up the thread even when it is pointed out to them that they are not following the correct subject or format.

apologies

21) It's unfortunate that this isn't a useful thread. I was excited about the title.

admin 18) i have more free time then i though.

lol! bravo.

22) Going meta-level on a thread is not sticking to the subject.

23) Coops are a better bet during an economic downturn.
24) Many recent condo conversions are shaky.

25) Buy low
26) Sell high

27) It appears to be possible to fall behind your maintenance payments by $250,000 and still try to sell the apartment.
28) Working without a buyer's broker may bring a buyer a better price but the buyer does not get to bring in a broker at the last second.

29) saving a building is more efficient than saving multiple listings w/ the same address(just learned this yesterday)

plus, some new listings might pop up. how cool is that?

30) Unless you have 2x the apartment price in cash, no co-op board will ever ever ever pass you.

I yust love all of it, sometimes its makes me laughing, but most time there are helpful comments/information and quite good for research.

Well... the Nasty buggers i just ignore.

31) Item 30 has not been my experience with coop boards.

i'm with mom...i saw the title and i thought i could learn something..unfortunately lately i learn absolutely nothing!!

32) fiat is a form of currency and not a car.... Thxs Stevie

32) Sometimes the brokers who run sales offices in new developments make your life miserable by never revealing any information about when the project will be completed.

33) In-vitro fertilization is how rich people have babies. NO SEX FOR YOU if you make above $700K/yr :)

34) Do not walk into an Open House with a box full of dildos (it makes the listing agent blush)...

rotflmao #33

32) People can get very emotional discussing real estate.
33) While a RE sale or purchase is among the largest transactions most people will ever make, they fail to treat it that way. Too many people don't research comps, learn the basics of NYC RE, get independent financial advice, take a proactive role in interviewing RE agents to find one they like and trust versus just bitching about how sleezy the conflict-ridden profession is.
34) If you can sift through the jumble, there are a lot of people around with good advice.

I hereby nominate kylewest's list as being the best.

people slander posters and refuse to back up their lies..sound familiar??

35) Julie will always launch an ad hominem attack, sometimes an attack that is beyond the pale.

36) 35 misspells Julia's name. Apologies.

35) everyone thinks everyone else has an agenda
36) you really can meet strangers on the Internet and make them customers
37) people who are not your customers and will probably never be your customers will still take the time to help you, if you ask a question that's focused enough

ali r.
{downtown broker}

37) In a real estate transaction, the only person who represents the buyer is the buyer's attorney.

38) Mortgage brokers increase the cost of lending for everyone.

38) Most people greatly overestimate their negotiating skills and cost themselves deal or large sums of money as a result.

Oops. I mean 39)
PAS beat me to 38

39)others can post total nonsense, but if I post a furnished short term listing it's considered spam :)

40)StreetEasy will not accept listings from FSBOs, even for money, unless they come from a broker listing their own apartment or through a shell company.

41) If brokers truly believed in the power of brokers, they would always hire a broker to sell their own apartments.

41) Instead starting a new thread here's a listing for Julia's consideration yes mnt.is highish.
http://www.streeteasy.com/nyc/sale/316078-coop-446-east-86th-street-yorkville-new-york

42) A lot of people on the board hide their professions so that a poster cannot tell how many brokers are attacking him at the same time.

50) cause I know 407PAS is typing feverishly... 50 = 407PAS still hasn't sold his unit :) :(

theburkhardtgroup: Have streeteasy posters ever made a thread dedicated to finding Julia an apartment? I think it would be a great idea, even though she'd inevitably find something wrong with all of them.

51) Julia will never buy an apartment. She is happy paying $1600 more than her rent stabilized neighbor.
52) Most brokers on StreetEasy have not sold their listings and should probably get to work trying to sell them.

53) w67thstreet often posts offensive comments. Example: Item 34, not item 34 prime.

Free speech doesn't protect obscenity. Agree with 407PAS. Focus people. This could stay a fun thread if y'all just focus...

407pas...that's so sad...i hope you're not correct.

407pas...plse explain what attack i have ever made

54) StreetEasy saved a friend of mine from investing in a mortgage scam in Florida. Within a space of eight hours, the posters at StreetEasy uncovered a similar mortgage scam in Brooklyn.

#54 probably best demonstrates the power of this site.

55) New York real estate can make people crazy, so much so that they hope that the increase in the proportion of estate to non-estate sales will help drive down prices.

absolutely agree with 407PAS ab 34... but disagree with his pricing on a down market... in a seller's market the 6% not used for brokerage goes to buyer not seller IMHO... this gives you advantage in selling an identical unit if priced correctly... to not use this advantage to unload and move on... speaks volumes about your RE knowledge... but on a lighter note... I like your postings otherwise :)

kylewest... one man's free speech is another's obscenity... just ask my arab friends... who'd thunk a cartoon would warrant death?

56) In real estate transactions, price is price, regardless of the transaction costs involved.
57) Other countries have much lower transfer costs than the US.

56) w67th... never ever reads his posts bf pushing "reply" I meant "buyer's market".... I feel as though it dilutes w67th... if I spent time re-reading and correctly... almost all my posts are on the fly.... it's very liberating not having to censure myself like in "real" life where my wife's friends are like borkers and when I go to open houses... the dildos stay in the house :)

58) In a real estate transaction, the buyer does not have any business with regards to the commission paid by the seller.

59) If a unit is sold by an owner, no determination can be made concerning what the unit would have sold for if it had been listed with a broker, because every transaction is an agreement between a buyer and seller at one point in time.

60) You have to live somewhere, stop comparing real estate to stocks

61) Everyone does have an agenda.

62) There are some genuinely good brokers out there who know a lot about the apartments they sell. But the best broker is not a financial analyst and should not be relied upon for any kind of financial or legal advice.

here's an e-mail thread between me and broker yesterday that backs up #5 and #8 (names changed to protect the innocent). Oh, this is the property:

http://www.streeteasy.com/nyc/sale/320355-coop-771-west-end-avenue-upper-west-side-new-york

--------------------------------------------------------------------------------
From: Buyer
Sent: Tuesday, February 10, 2009 5:21 PM
To: broker spinner
Subject: RE: My contact info

In a stronger market this works, but its not 2007. If you TRULY want to get a property sold, you price it correctly out of the block and move on with your life. An extremely jittery market is telling this seller their lovely apt is way overpriced and will therefore con’t to sit as more options become avail and inventory surpasses 10K. This is my feedback for whatever its worth.

From: broker spinner
Sent: Tuesday, February 10, 2009 4:51 PM
To: buyer
Subject: RE: My contact info

Good point. What I have been trying to tell people is “stick a bid in and see where their heads are.” They are motivated but why drop the price? Dropping their price is akin to just bidding against themselves. If someone is interested, I mean, truly interested, then they will bid to test their appetite. Just my opinion. Still looking?

-----Original Message-----
From: Buyer
Sent: Tuesday, February 10, 2009 3:46 PM
To: Broker Spinner
Subject: RE: My contact info

I'm rather surprised your seller at 771 WEA has not made any moves to accommodate today's market and get ahead of it. What's the story?

50-somethin') Manhattan RE is an ugly, complicted bitch

i mean 60 somethin'. can't keep up

62) Intelligence has it's limits, stupidity is infinite.

64 New Yorkers are very interesting (in a good way) not afraid to tell it like it is (or like they think it is!)...not much candy coating going on there...Refreshing.

65. Some people consider StreetEasy as their day jobs :)
66. Some people are lost and think we're talking about another city other than New York...or think we even care about anything other than New York.
67. People can claim any nonsense they want in this board and tend to manifest their superiority complex to bunch of strangers
68. I still cannot afford the place that I want even after the economy virtually cratered

69) For those of you who constantly hammer sellers over what you consider to be their unrealistic prices, I give you the following excerpt from Calvin Trillin's book, "Tepper Isn't Going Out"

.
.
.
"It's absolutely unconscionable," the young man said loudly, shaking a banana in front of the fruit peddler's face. "It's simply not to be believed. It's unbelievable."

Murray Tepper looked up from his newspaper to see what was happening. Tepper was sitting behind the wheel of a dark blue Chevrolet Malibu that was parked on the uptown side of Forty-third Street, between Fifth and Sixth. Across the street, an argument was going on between an intense young man in a suit and the peddler who set up a stand on Forty-third Street every day to sell apples and bananas and peaches to office workers. Tepper had seen them go at it before. The young man was complaining about the price that the peddler charged for a single banana. The peddler was defending himself in an accent that Tepper couldn't place even by continent. There had been a time when the accents of New York fruit peddlers were dependably Italian--Tepper had for years thought of "banana" as a more or less Italian word, in the way that some New Yorkers thought of "aggravation" as a more or less Yiddish word--but that time had long passed. As the young man in the suit practically pulsated with outrage, the peddler repeated a single phrase over and over again in his mysterious accent. Finally, Tepper was able to figure out what the peddler kept saying: "free-market economy, free-market economy, free-market economy. . . ."

cleanslate... I just got my w-2 from matt/streeteasy... you didn't? they pay by the word and how many SEers you annoy... here I come classic 9 on CPW...

407PAS... why didn't you say you were selling bananas... I'll take two :)

There's always money in the banana stand!

uwsmom... YO!... is your child teething yet? I love that stage... it's hilarious how they try to bite you with their one tooth :) Miss those days... now he just punches me :) I think he wants an inheritance.... I'm spending it as fast as I can....

Freemarketeconomyfreemarketeconomyfreemarketeconomy

w67,
Two bananas, $250k each

70) ali r. is a goddess. I've got it bad - & that ain't good
71) kylewest is very cool & always has something worthwhile to say

Yo drive a hard bargain banana boy... :)

drdrd... is ali a hottie?

70) I don't know what rotflomao means
71) I don't get the Tepper thing

67 - It seems like we've been teething forever but we're still all gums. I'm fine with no teeth for a little while longer =)

Rolling on the floor laughing my ass off (rontflmao) brought to you today by the number 33.

Tepper... something with over-pricing your bananas..

407PAS.. I like you.. if you need to sell, I want you to undercut mkt by 5-10% and get the f' out (you got an add'l 6% w/o broker)... I've seen this movie before... the drip method of selling ain't gonna get it done. Undercut, where someone gets the "greed" monster and get it done... it's a slow boat ride to China... if you jump now... you can swim back to shore :)

=) OH I know what that means :)

alir is my favorite poster.

72) There are neither rewards nor punishments in the real estate game.
There are consequences.

You guys are fun, thanks for livening up my day. Ok, sjbh, the Tepper thing just refers to the idea that a seller is free to set his own price. If you don't like $3 bananas, you don't have to buy $3 bananas, but the seller has every right in the world to choose his price, at least in a free market economy.

w67,
What if we're all stumbling around trying to find market right now? We're all looking for a point on the supply/demand curve. We can leave this for another thread.

mean people suck.
thanks to kylewest and 81 for keeping it real and on topic.
67 keeps it very real, different though.
i think julia is sexy.
NY is the coolest place. I hitchhiked here after college with just a backpack, pocket change and no job. That was 22 years ago. Wife and fortune were both found here. Life is a highway. I wanna ride it all night long.
peace

72) UWSMom is an Arrested Development fan :)

"I think we might be doubling our losses here. Because, I mean, for every dollar you take, you%u2019re actually taking two dollars because we paid for the bananas."

73) I can't count past 72.

Life is a Highway....I like that.

You know, if bullshit was cement some of these postings would be I-95.

Help us out faclco, we can't figure out which ones you think are bullshit unless you write down the numbers. Ever see the movie Brazil? In the future, you have to order all food by number. The waiter screeches, "Say the number, Say the number".

75? that you can be anonymous if u want :) and that even the worst agent haters have a shred of love, as we all share this addicting open space to state fantastic opinions, from which, at times we learn how to better understand eachother and what brings us together - real estateeeeeeeeeeeee :)

76) Brokers charge too much for their bananas.
77) PAS does not hate agents, he just thinks that owners should be able to sell their assets in any way they see fit. Sometimes that means without an agent.

78) If you would like to improve your quality of life, I would HIGHLY recommend watching Arrested Development (but you must start at the beginning).

79 uwsmom ditto- I love arrested dev- esp Jobe

80) That stevejhx likes guacamole. And other info about him that is just plain TMI.

81) that it doesn't matter whether you rent or buy when drinking beer and watching Carolina vs. Duke

82) that people here surely know how to have fun

407PAS,
Did I ever see Brazil?
I am Tuddle

Sorry falco,
I am Tuttle, Archibald, heating engineer. That film is my life story.

Just call me Harry.

Got to love it!
Great film! You have the EYE!
Ever see the Lathe of Heaven...this one's def. for you.

Brazil is why I sell FSBO and battle it out on this board. ;-)

TUTTLE
Why? I came into this game for
adventure go anywhere, travel light,
get in, get out, wherever there's
trouble, a man alone. Now they've
got the whole country sectioned of
and you can't move without a form.
I'm the last of a breed.

faclcogold1/407PAS... get a room :)

83) Everyone here knew and called exactly where the market was going and exactly when, years ago!
84) happyrenter and w67thstreet should date, but I think they are both straight guys, so maybe in the next lifetime.
85) tech_guy knows xkcd, which proves his profession (and mine)
Unrelated, but hilarious:
http://www.youtube.com/watch?v=e-bNunsWkIw