LIC total joke

Did I call it or what?!?!

I'm confused?
How is this any different from Manhattan prices?
So, if prices are down 20% in your neighbor it's consider a total joke?

Why do i get this feeling, all these hard-asses on this board are the same person. Your post all sound a like.

I think the total joke is the denial that comes along with it.

You did not read the links, did yo CarolSt. Try reading them and THEN commenting. Its not that prices are down, STUPID, its that the flipper is trying to sell a 1 bedroom 1 bath for the same or in some cases MORE than otherwise identical 2 bedroom 2 baths are being sold for, brand new, never lived in, by the developer in the exact same building.

i think LIC 5SL at most worth $500/sft. why i would want to live in queens? and the worse part of queens with a lot of underwater owner who will short sell or being foreclosed this year???

reading is not a skill practiced in LIC....just running off at the mouth.

CC,
I see you being one of the worst 'running off their mouth' posters here.

"STUPID, its that the flipper is trying to sell a 1 bedroom 1 bath for the same or in some cases MORE than otherwise identical 2 bedroom 2 baths are being sold..."

And what's wrong with that? It's their unit. They can sell it as much as they want. Who are you to judge how they price their units. I don't get it. Why are you people so judgmental of others?

> You did not read the links, did yo CarolSt. Try reading them and THEN commenting.

Yeah, I'm not sure if she doesn't read, or just can't read. This happened on a couple other posts.

we're just tired of RE still trying to put honest peoples money on the hook for something thats not veen close to being worth what RE people say it is. we're not gonna take it anymore. power to the people!!!!!!!!!!!!!!!!!!!!!!!!!!

Sales tanked 50-75%, prices falling faster than anywhere else...

I think the people have spoken pretty clearly.

"And what's wrong with that? It's their unit. They can sell it as much as they want."

Really? Think they will sell a 1 bedroom 1 bath with a terrace for $850k when never-lived in 2-beds 2 baths with LARGER terraces are for sale in the same building for $750-$865k? They can sell it FOR WHATEVER THEY WANT? No, I think not. I think BUYERS can buy in this building at prices they want. And for the same price, BUYERS would want an extra bedroom and and extra bathroom for free.

Why can't they?
If no one is going to buy it, then that's their problem. Who are you to judge them?

Not so good with the reading comprehension again.

This isn't about judging... you can't sell what no one will buy.

How do you know if they are real sellers?
Can't they simply want to put it out there and see if anyone bites?

I known many sellers that is currently doing exactly that. It's not the end of the world, nor are they seriously thinking of selling.

They they claim they aren't serious doesn't change the fact that they can't sell it.

It gets mean if you comment without doing the read.
It's like showing up for school without doing the homework and not being able to resist participation.
We want your commentary, post digestion of the information provided.
In the absence of such minor diligence, prepare to be trounced.

Thank you for your time.

Wow, you people really are a bunch of jokes.

The title of this thread reads..."LIC IS A TOTAL JOKE".
The thesis for this comment is because someone is selling a 1 bed with Terrace for the same price as a 2 bed with terrace. What's the big deal about that? So is Manhattan a joke because some co-op pre war building is selling more than 20 Pine which is a new development?

Why not change the title to read NYC is a joke!
You really need to grow up.

carolst, why? why are you so defensive on behalf of LIC? do you have any extensive history here? on SE? if we are a bunch of jokes (gr?), feel free to engage elsewhere. use ignore, my experience became much better when I put Jerkico on ignore.

the thesis is one you don't seem to comprehend, which is that prices in LIC are unsustainable, and never were sustainable. and Manhattan is a bit of a joke as well right now. the grim reaper won't spare Manhattan, but it sure as hell will take a larger piece out of the recently emerging areas. as well as prices collapsing (any area almost wholly dependent on new development is doomed), the retail and commercial bases are fairly thin. and will get thinner. great if you plan on living there until you pay off your mortgage. but you'll be doing so in a much reduced QOL environment.

AR,
I'm defensive in all neighborhoods in NYC.
The originator of this thread calls 'LIC as a total joke' because 1 unit is trying to sell for more than it's current market value. Because of this seller, this poster calls an entire neighbor as a joke? How childish is that?

And here you are defending his/her action? How sad are you? The prices in LIC have dropped, but it hasn't fallen off the cliff. There are units going into contracts in the high 500s up to 700s psf recently. Your argument of calling it unsustainable and never were sustainable is a fraud. Go to Acris, look at the units that are closing in the queenswest area, the avg price is still north of 600 psf!!! During the peak, prices got up to 1,000 psf but only 4-5 units ever sold at those levels. Majority of the units were sold in the 700s. This drop into the 600s is comparable to all declines in NYC.

What is it that you don't get?

what is it that i don't get? it is how anyone in their right mind can say that those who have bought and might have to sell won't lose tremendous amounts. and how anyone can say that it is a viable investment choice today.

that is the fraud, perpetuating the notion that people should buy because the time is now, and now is fine. for some people, who are very savvy with large cushions and who can get great deals, who are looking very long term, this 25-30% correction might be a decent place to head back in. for most of the people you are talking about, those buying in LIC, nothing could be further from the truth.

i agree that it isn't productive to call an entire neighborhood a joke. there are many people who have invested a great deal into the community. and i hope for their sakes that the pain is minimized. but i'd NEVER encourage someone to buy there currently, and i'd never be so petty as to call someone who has made a rational buying decision a coward. how sad is that?

AR,
When was the last time you visited the Queenswest area? I was there last week on numerous occasions.
The open house turnouts in 5SL and Powerhouse over the past few weekends were incredible. How many of that turns into contracts, i don't know. The recent data indicates that people are still buying them at 600-700 psf. The demands are still there in the Queens West area. And what exactly is this 'pain' you are talking about? This crisis is about 2 years old, can you name me ONE new development in the queenswest that was a distress sell? Or a foreclosure? There hasn't been ONE store closed. There are a 'lack' of retail space and stores are still popping up left and right. A new Italian and Japanese restaurant just opened. Now, ask yourself..why are these businesses moving out there and opening in the mist of this slump?
I don't promote anything. I give information when requested. I would do the same for Dumbo, W/B, Park Slope, etc. etc. And who am i to tell people not to buy. Who are you to tell people not to buy. It's their money, their finances. Stop trying to be someone's parent, because you are not.
You mentioned you rented for 5 years since 2004. How did you miss that run from 2004 to 2007? Prices went up 20-50% in many areas. If you were not smart enough to capitalize on it before, what makes you think you can capitalize on now?

"Stop trying to be someone's parent, because you are not"

thats what people say when they want someoene else to do something bad with them

save ur pitch for some tourists. ur not foolin anyone here. the market is crap and 2004 - 2007 was fueled by funny money which got us into this mess

carolst, i will grant you that being early is not the same as being right. i made a ton on real estate from 1990 throught 2004. i felt that we were in a bubble, and as i didn't care to remain in the property i owned forever, i got out, at large profit but a bit less than i could have a couple of years later. the bubble was apparent, but i had no clue as to the forces behind it that would keep it elevated for almost four years. i guess that makes me stupid. or too smart for my own good. but as i'd sold one property at over 3 times what i'd paid for it five years earlier, i didn't care too much. i don't look for tops or bottoms, just things that should be close.

i capitalized on other investments, and did quite well, thank you. the apartments in LIC are doing well, temporarily, because of the tax credit for new buyers, the low rates for conforming loans, and the fear that those rates will increase soon. there will be another leg, probably two or three, that will destroy some of those buyers, and just temporarily reduce the equity of some of the othes.

wow, i missed the parent comment in your little speech. quit trying to be an enabler. purchasing real estate can be a bit of an addictive process. what a nasty piece of work.

Carol, most of the people here like impatient parents. First you are stupid for wanting to buy, then you are stupid for disagreeing with them. For some, if you ever consider buying you are stupid.

what's your point?

maybe rabbit wants to jump to LIC, but has fallen into the river?

bs rabbit. many of us have owned, many of us do own.

I KNOW you can read the "for some" part of what I wrote in the last sentence.

AR,
Essentially that's what you are doing, are you not?
You're telling people to not buy because you decide it's not a good time to buy. These are your judgments and you are imposing it on those that feel a compel reason to buy. I don't ever recommend anyone to buy anything or sell.
My job is to show people what they want to see and give information on recent sells in the neighborhood. If they feel like they can do it, whom are we to stop them.

your job?

you're a broker?

and yes..."whom are we?"

AR is not telling people not to buy because she decided its not a good time. she was cited source after source after source about the economy and market conditions that, if you bothered to read them, would no doubt lead you to the same conclusion. on the other hand, if you're a broker....

columbiacounty, which is worse, that Carol is a broker, or that she mis-applied grammar?

columbiacounty, have you cited any sources?

being a broker for sure.

"My job is to show people what they want to see and give information on recent sells in the neighborhood. If they feel like they can do it, whom are we to stop them."

My job is to show people the druges that they want to see and give information on drugs in the neighborhood. If they feel like they can do drugs, whom are we to stop them.

oops, you spelled drugs wrong, you also said, "she was cited source" when you should have said "she HAS cited" ...

rabbit, point taken.

carolst, really? seriously? well this is a real estate reader-driven site. this is not intended to be a place without opinions. and i think you're being a lying sack of shit, really. you continually pump up real estate, although not as obviously as some. and i don't know who you are as an agent, which i believe is against ethics rules, to not reveal your identity?

and i'll take my opinion regarding market timing over yours any day. to those who read here, of course, they can choose. what does it matter? if you're right, the masses will flock to your listings.

"My job is to show people what they want to see and give information on recent sells in the neighborhood. If they feel like they can do it, whom are we to stop them."

My job is to show people the druges that they want to see and give information on drugs in the neighborhood. If they feel like they can do drugs, whom are we to stop them.

My job is to show people to dangerous angry single old men the should avoid and give information on where they live in the neighborhood. If they still want to talk to the nasty misogynist, well, they've they've been warned.

do you get paid for that?

Aboutready, Carolst is entitled to her opinions. Every time a real estate agent talks generically about real estate without representing a particular property, she doesn't need to identify herself as such. I'm sure it doesn't take a brilliant legal mind to come to that conclusion, don't you agree?

do you get paid for what you do columbiacounty? how do you get your checks, rural delivery?

yes

pony express

rabbit, don't spend too much time on simple spelling and grammar errors. i used to be an editor, and my stuff here can be awful.

interesting post, but i'm not sure anyone can benefit from it (w67th where are you?). misogyny? where?

and rabbit, i have tons of sources. as do others. just spend a day or so waltzing your way through the links to important economic news thread. you don't have to watch everything, or read everything, but the quality of the source referencing there tends to be quite high. have a look.

interesting, do you still take a ride over to Woodstock and smoke a joint like the good old days?

actually, rabbit, no. i think if any real estate broker is doing any positive speak, they probably are obligated to identify themsleves. just the rules.

aboutready, how about you telling columbiacounty to stop with the spelling and grammar too, since that was one of his major contributions to his argument against CarolSt

are you a spunky rabbit? well there are mistakes, and there are clear signs of a certain lack of intellectual rigor. i'd say it's not hard to differentiate, particularly if someone spends a fair amount of time on these boards.

read your own questions....my beef with carolst is the broker speak nonsense. ugh...my job is to give people what they want? yuck.

so, help me understand columbiacounty, where does he rank on the intellectual scale?

so columbiacounty, it took you many years to overcome your vulnerability to broker speak during which time you made some bad real estate bets. Now finally you are over it, and your job is to help other people avoid the mistakes you made and now be swayed by convincing brokers who make people do what they didn't want to do but for the broker?

why are you defending brokers who don't identify themselves here? what's your point? power to the brokers?

first tell me what your point is.

"Carol, most of the people here like impatient parents. First you are stupid for wanting to buy, then you are stupid for disagreeing with them. For some, if you ever consider buying you are stupid."

"what's your point?"

Was that an answer?

I think cc's first complaint was Carols profession: dirty stinking broker.

Here's my point: brokers for the most part are looking out for their best interest's, right or wrong, they are. So when it comes to RE advice, I'm beyond skeptical of that advice.
Because they are biased in my opinion.
Who cares about the rest of it? intellect, grammar, blah blah
leave it alone

How about that being "the point"
Now tell us your point in all of this, k?

I haven't found too many professions where people aren't looking out for their best interests.

upperwest, until carolst decides to go all personal. then fuck her/him. she/he wants to tell me i'm an overprotective parent, i'll tell her she's the equivalent of ... the parent who saw crack on the table, knew what it was, but decided to let it pass because things might get better.

so we can then assume your point is defending carol's right to say and do whatever she wants in pursuit of her own best interests.

while at the same time saying they are actually looking out for YOUR best interests?
wait a second...so a doctor, is it ok if they lie to you to get more money out of you? oh wait, no, it's ILLEGAL
and those fat cats on wall street...that certainly worked out for us.

i'm still trying to understand rabbit's interest in all this. freedom to shill?

here's my best interests: someone send me $100K, PO Box 101, NY, NY, 10024.
Attn: Mike's Best Interests.

Thanks!

and I don't see how AR is an overprotective parent...I need carol or bunnyrabbit to draw that line for me...my intellect hasn't caught up to my dirty mouth yet

Rabbit is actually carolst, but without the wig and high heels
right?

Here's one point: People who are blaming brokers, as if they are naifs, or perhaps sheep ready to be slaughtered by sly broker wolves, are abdicating their own responsibilities to make smart choices.
Isn't it odd that you give so much credit to brokers' ability to fool you when your statements about them as a group are themed on them being so stupid?

upperwest - fat cats - nice, you should write political ads. Remember half way through to make the opposing candidate fade to black and white, that make's em look really dishonest.

one point? oh no, are there others?

so, its ok to post here without identifying yourself as a broker going on and on about how things really aren't that bad after all?

answer is no, its not ok.

still don't understand your interest.

"here's my best interests: someone send me $100K, PO Box 101, NY, NY, 10024.
Attn: Mike's Best Interests."

wow, you really think that brokers are that convincing, or rather that the general public is that stupid?

wow...what is your interest in defending this?

What's your point columbiacounty? You need to protect people from those brokers? Only you and upperwest are smart enough to see through it?

my interest is in having a dialogue with people about nyc real estate. not people pulling so called facts out of their ass in order to promote their own financial interests.

I don't think you are having a dialog about real estate. Your dialog is one sided and single minded. I suspect you'd be happy talking to yourself in a mirror if only the sound were also reflected back.

but you are still avoiding the question of what your interest is in defending carol.

we give brokers' ability to fool US literally no credence. we add brokers' attempts at obfuscation, and even outright lying, to be one of the many causes of this bubble. there are many culprits, but to say that brokers, and their organization, the NAR, wasn't a huge media component, would be hugely dishonest. and how the fuck can you live with yourselves pimping homes to people who still can only barely afford it, which is what you are doing? fear is an ugly thing, and you and yours do your best to market with excessive ebulliance and, conversely, undermining rational fear.

Then again, Dolly is on another rampage, so at least now the dishonesty has leaped back up to a relatively high level.

Actually, my interest is in responding to you and your likes. On a personal level, Carol is as meaningless as you.

Ah, a massive conspiracy in which all these dumb brokers and realtors tricked the rest of our country.

well, your response hasn't been particularly cogent. carol is quite a bit more meaningless than cc, not necessarily on a personal basis (although i'd definitely say yes there as well), but certainly on a contribution to SE basis. but if you are truly new to the site you might not be aware of that.

what is columbiacounty's most notable contribution?

Carole you are RETARDED. The title of thsi thread is "LIC total joke." There is NO "is a" between "total" and "joke." This thread is about a total joke in LIC. Not about the entire area. Just this one apartment. i should know, since its my thread.

Jesus you are annoying...who is giving them credit? I'm simply calling them dirty stinking brokers.
you are the one who drew the line to americans being stupid...not me.
Why don't you take your own advice and go look at yourself in the mirror and flap your gums, you'll have more fun.

actually, its the 52 inch flat screen shove it up your ass award---which you have just won. congratulations.

and it's not a conspiracy, it's simply the way it worked out...would you say the people that got us into the subprime mess were in on a conspiracy? or perhaps just greed, impatience and some stupidity played into it.

so upperwest, you just like the name calling.

oh, that's an interesting one columbiacounty, shove a 52" flat screen up my ass.
hey aboutready, what was it you were just about to type about columbiacounty's big contributions?

I second the award...where's jerkico (very nice by the way AR, i chuckled at that one) when you need him.
and more importantly, always psyched to see when w67 stops by this one.

Rabbit, go read through all the previous boards, and you'll find cc's contributions.

What is your main point in all of this? other than you being a douche of course

I do enjoy the name calling, but I more enjoy reading posts from idiots like you...it makes me feel better about myself.

So from me to you, thank you...seriously
thanks

no, rabbit, i LOVE the name calling. got to respect those anglo-saxons who gave us such wonderful and salty expressions.

fuck off.

not a conspiracy, but they are dirty stinking brokers nontheless.
Interesting.
I dealt with a couple brokers my years in NYC.
Different I suspect between me and you is that when I approach any transaction I realize I'm ultimately the one responsible, and you probably closed your eyes and let yourself be taken advantage of.

and rabbit, you haven't answered one question or made one point...
you are looking at one thread and coming up with theories on people, that's all.

wow, you are brilliant

oh wait, you're not...

hey aboutready, I thought you'd hold out a bit longer before throwing in the towel with a "fuck off"

I suppose, upperwestrenter, if you need to find excuses to feel better about yourself then you've got some serious problems you've created for yourself otherwise.

who said a broker ever took advantage of me?
Wait a second...if someone tries to pull a fast one on me, or ignores rational thought, and I call them out on it, over and over, but they still play the game because they ultimately have the upper hand (in this case, brokers lying about square footage, especially during the tippy top of the bubble in ny) i should just shrug and say, eh, it's ok.

fuck that, i'm going to call them dirty stinking brokers...
and i've dealt with more than "a couple"
go back to the post office, I have some mail you need to deliver me

I suppose rabbit, if you come to anonymous boards, post under different names, and just start shit, that you're feel inadequate in other area's in your life.
Perhaps your mommy and daddy didn't say i love you enough, or perhaps you have a shit job and need to be able to take it out on people, i don't know.
But i'm here for you, just so you know

wow, you are brilliant

oh wait, you're not...

- how the heck can I respond to that? just how do I respond?

How about you respond to: "what is your main point here?"
that would be a good start!

brokers have the upper hand over you? they can lie about tangible square footage that you could verify with your own architect? interesting.

hey---get focused...11 pm news is coming on...make sure your cable box is attached properly.

who's thrown in the towel? you clearly don't know my throw in the towel phrase. and i've never truly thrown in the towel, ever. i just might ignore if it suits me to do so.

but you're not presenting so bright, btw, and you're being outsmarted. maybe a change to "hare" or "jackrabbit" or even "cottontail" might be a good idea.

"go back to the post office, I have some mail you need to deliver me"

I'm going to use that one tomorrow, good one.

aboutready, try one of upperwestrenter's witty comebacks, they are heads and tails above yours. the post office one was especially good.