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suggestion for how to do comps....?....(excuse me for impertinence)

Started by jimstreeteasy
almost 17 years ago
Posts: 1967
Member since: Oct 2008
Discussion about
I'm new to this site, and I am reading it because I want to move back to NYC and buy one bedroom. Comps threads are stretching back so far that market conditions are completely different now, so that literallly 80% of the thread is not relevant to current conditions. Wouldn't it be better to do a new version the first of each month???? e.g, a March 2009: Downtown" etc. version so that data shows what is going on NOW. Come on folks: if you believe as so many of you say, that change is afoot, then.....let's not waste time wading through historical threads. Also, it seems to me that Price PSF is always critical. As a matter of course, all postings should always reference that, because, I assume everyone is going to go check that anyway. Perhaps I should add maintanence also.
Response by patient09
almost 17 years ago
Posts: 1571
Member since: Nov 2008

jim:
The main game for the last six months or so has been to find recent transactions or listings that have an actual sale of the exact apt at the bubble peak, early stage of the bubble or pre bubble. Thats why some of the threads go back. There is just this insatiable appetite to find exactly where we are from a retracement point of view. If you have your own methodology you would prefer, then start a new thread accordingly...good luck...peace.

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Response by jimstreeteasy
almost 17 years ago
Posts: 1967
Member since: Oct 2008

What I am saying is that most valuable is today or recent closing price...vs. the bubble price. You don't have to have the thread go back to give that, and the recent closing means more. In other words....a sale closing on March 5th vs. bubble is more important info I would think than looking back at a sale that closed on Dec 10th vs. bubble. Either way you see most recent closed price vs. the bubble

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