Re: [AsburyPark] Re: Fire Sales?
John, I think you made a smart decision - being a seasoned investor in the NJ market for over 12 years - I think AP is one of the best buy's in the Northeast.? One mile of beach one hour from NYC.? I owned in Jersey City, Montclair, South Orange and OG and wish I had the capital to put down in AP now.? The pledge of capital from Madison Marquis makes it a no-brainer.? Also, relative to new construction in Hoboken, JC and other areas of the tri-state region - you will do well (a family member of mine just bought a new construction condo in Hoboken for over 1.2million...). Good luck! Best regards, Bill -Original Message- From: nobepeymay [EMAIL PROTECTED] To: AsburyPark@yahoogroups.com Sent: Tue, 11 Sep 2007 10:32 pm Subject: [AsburyPark] Re: Fire Sales? I hope I am correct also.only time will tell!! Since I decided to buy in AP I have tried to remain as optimistic as possible.but understand there are challenges ahead and am trying to also be realistic. I am a newcomer and have not suffered through all of the false promises and delays that many of you have been subjected to. I remain hopeful because I see how engaged and passionate the people on this board and the people I have met in AP are about the AP community. We also have some serious people involved in the water front development now and what has already happened on Cookman is so cool and amazing to me. John --- In AsburyPark@yahoogroups.com, Allan Peterson [EMAIL PROTECTED] wrote: John I hope you are correct. There are so many ways things could play out and if anyone of us knew we would make a ton of $$$. As I said before I love the building plans and believe the marketing of a lifestyle canpaign is great. However people sign contracts and people drop out. The unit is not sold untill there is a closing. Money they are taking in now should not be used for marketing or construction. Funds should be in escrow or could be used if a bond is posted. There are ways out of a contract. This is why North Beach has a discount (I believe 10%) for completed invertory. I do not know if this market slump has hit bottom. While we have seen some positive signs this past two months we still are in a buyers market and we don't know if things have leveled off yet. - Original Message From: nobepeymay [EMAIL PROTECTED] To: AsburyPark@yahoogroups.com Sent: Tuesday, September 11, 2007 7:29:45 PM Subject: [AsburyPark] Re: Fire Sales? Understood.. thanks for the clarification. I do not agree on all points. In my opinion now that the market is difficult, they need to spend more than ever to market the property. They are also contracting units.so the money they are spending on marketing is paying off. As far as the point of having nothing to sellonce there is a contract, buyers are contractually obligated to buy once their unit is completed or they will lose their deposits. With the percentage and profile of the buyers that are buying in the building I would guess this is not going to be a problem. John --- In [EMAIL PROTECTED] ups.com, Allan Peterson nnjallans1@ ... wrote: I do not claim to have specific information. I have said in previous post that I don't believe one could advertise out of this slump. While it is good for the town, and the other developers who currently have product to sell, it make me worried. I did not slander the company, state they were going bankrupt or were looking to get out of Asbury. Simply said thier actions make me nervous which is an opinion. Isn't this board for opinions? I do not pretend to be a news reporter so I am hard pressed to see how this is irresponsible. I wish them the best of luck and I love the design and marketing of the project. Just some of the business decisions make me wonder and the 2 projects they company is involved in right now, are really big. - Original Message From: nobepeymay john@ To: [EMAIL PROTECTED] ups.com Sent: Tuesday, September 11, 2007 8:57:44 AM Subject: [AsburyPark] Re: Fire Sales? --- In [EMAIL PROTECTED] ups.com, Allan Peterson nnjallans1@ ... wrote: I worry about metro Allan, I have seen this comment from you more than once. I think it is irresponsible to comment on a builder without having any fact to back up your statement. What specific information do you have that leads to be so worried about Metro? John - Original Message From: oakdorf oakdorf@ To: [EMAIL PROTECTED] ups.com Sent: Monday, September 10, 2007 11:36:29 AM Subject: [AsburyPark] Re: Fire Sales? A beachfront condo in North Wildwood, N.J., had its $500,000 price slashed by $106,000. (20%) And a $1.6 million estate in Morris County, N.J., got lowered by nearly $100,000. (less then 1%) Hov taking advantage of the free negative PR
[AsburyPark] Re: Fire Sales?
-thanks kev..good point. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Fire Sales?
--- In AsburyPark@yahoogroups.com, Allan Peterson [EMAIL PROTECTED] wrote: I worry about metro Allan, I have seen this comment from you more than once. I think it is irresponsible to comment on a builder without having any fact to back up your statement. What specific information do you have that leads to be so worried about Metro? John - Original Message From: oakdorf [EMAIL PROTECTED] To: AsburyPark@yahoogroups.com Sent: Monday, September 10, 2007 11:36:29 AM Subject: [AsburyPark] Re: Fire Sales? A beachfront condo in North Wildwood, N.J., had its $500,000 price slashed by $106,000. (20%) And a $1.6 million estate in Morris County, N.J., got lowered by nearly $100,000. (less then 1%) Hov taking advantage of the free negative PR. We've been talking 20% price drops for over 6 months now. Sales call at The Esperanza today... Time to clean off the crystal ball for the next read. Country Wide is the lender on next weeks auction by Sheldon Good for the 4th Ave condo convert. _ ___ Be a better Heartthrob. Get better relationship answers from someone who knows. Yahoo! Answers - Check it out. http://answers.yahoo.com/dir/?link=listsid=396545433 Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
Re: [AsburyPark] Re: Fire Sales?
I do not claim to have specific information. I have said in previous post that I don't believe one could advertise out of this slump. While it is good for the town, and the other developers who currently have product to sell, it make me worried. I did not slander the company, state they were going bankrupt or were looking to get out of Asbury. Simply said thier actions make me nervous which is an opinion. Isn't this board for opinions? I do not pretend to be a news reporter so I am hard pressed to see how this is irresponsible. I wish them the best of luck and I love the design and marketing of the project. Just some of the business decisions make me wonder and the 2 projects they company is involved in right now, are really big. - Original Message From: nobepeymay [EMAIL PROTECTED] To: AsburyPark@yahoogroups.com Sent: Tuesday, September 11, 2007 8:57:44 AM Subject: [AsburyPark] Re: Fire Sales? --- In [EMAIL PROTECTED] ups.com, Allan Peterson nnjallans1@ ... wrote: I worry about metro Allan, I have seen this comment from you more than once. I think it is irresponsible to comment on a builder without having any fact to back up your statement. What specific information do you have that leads to be so worried about Metro? John - Original Message From: oakdorf [EMAIL PROTECTED] To: [EMAIL PROTECTED] ups.com Sent: Monday, September 10, 2007 11:36:29 AM Subject: [AsburyPark] Re: Fire Sales? A beachfront condo in North Wildwood, N.J., had its $500,000 price slashed by $106,000. (20%) And a $1.6 million estate in Morris County, N.J., got lowered by nearly $100,000. (less then 1%) Hov taking advantage of the free negative PR. We've been talking 20% price drops for over 6 months now. Sales call at The Esperanza today... Time to clean off the crystal ball for the next read. Country Wide is the lender on next weeks auction by Sheldon Good for the 4th Ave condo convert. _ _ _ _ _ _ ___ Be a better Heartthrob. Get better relationship answers from someone who knows. Yahoo! Answers - Check it out. http://answers. yahoo.com/ dir/?link= listsid= 396545433 Take the Internet to Go: Yahoo!Go puts the Internet in your pocket: mail, news, photos more. http://mobile.yahoo.com/go?refer=1GNXIC
[AsburyPark] Re: Fire Sales?
Understood..thanks for the clarification. I do not agree on all points. In my opinion now that the market is difficult, they need to spend more than ever to market the property. They are also contracting units.so the money they are spending on marketing is paying off. As far as the point of having nothing to sellonce there is a contract, buyers are contractually obligated to buy once their unit is completed or they will lose their deposits. With the percentage and profile of the buyers that are buying in the building I would guess this is not going to be a problem. John --- In AsburyPark@yahoogroups.com, Allan Peterson [EMAIL PROTECTED] wrote: I do not claim to have specific information. I have said in previous post that I don't believe one could advertise out of this slump. While it is good for the town, and the other developers who currently have product to sell, it make me worried. I did not slander the company, state they were going bankrupt or were looking to get out of Asbury. Simply said thier actions make me nervous which is an opinion. Isn't this board for opinions? I do not pretend to be a news reporter so I am hard pressed to see how this is irresponsible. I wish them the best of luck and I love the design and marketing of the project. Just some of the business decisions make me wonder and the 2 projects they company is involved in right now, are really big. - Original Message From: nobepeymay [EMAIL PROTECTED] To: AsburyPark@yahoogroups.com Sent: Tuesday, September 11, 2007 8:57:44 AM Subject: [AsburyPark] Re: Fire Sales? --- In [EMAIL PROTECTED] ups.com, Allan Peterson nnjallans1@ ... wrote: I worry about metro Allan, I have seen this comment from you more than once. I think it is irresponsible to comment on a builder without having any fact to back up your statement. What specific information do you have that leads to be so worried about Metro? John - Original Message From: oakdorf oakdorf@ To: [EMAIL PROTECTED] ups.com Sent: Monday, September 10, 2007 11:36:29 AM Subject: [AsburyPark] Re: Fire Sales? A beachfront condo in North Wildwood, N.J., had its $500,000 price slashed by $106,000. (20%) And a $1.6 million estate in Morris County, N.J., got lowered by nearly $100,000. (less then 1%) Hov taking advantage of the free negative PR. We've been talking 20% price drops for over 6 months now. Sales call at The Esperanza today... Time to clean off the crystal ball for the next read. Country Wide is the lender on next weeks auction by Sheldon Good for the 4th Ave condo convert. _ _ _ _ _ _ ___ Be a better Heartthrob. Get better relationship answers from someone who knows. Yahoo! Answers - Check it out. http://answers. yahoo.com/ dir/?link= listsid= 396545433 _ ___ Take the Internet to Go: Yahoo!Go puts the Internet in your pocket: mail, news, photos more. http://mobile.yahoo.com/go?refer=1GNXIC Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
Re: [AsburyPark] Re: Fire Sales?
John I hope you are correct. There are so many ways things could play out and if anyone of us knew we would make a ton of $$$. As I said before I love the building plans and believe the marketing of a lifestyle canpaign is great. However people sign contracts and people drop out. The unit is not sold untill there is a closing. Money they are taking in now should not be used for marketing or construction. Funds should be in escrow or could be used if a bond is posted. There are ways out of a contract. This is why North Beach has a discount (I believe 10%) for completed invertory. I do not know if this market slump has hit bottom. While we have seen some positive signs this past two months we still are in a buyers market and we don't know if things have leveled off yet. - Original Message From: nobepeymay [EMAIL PROTECTED] To: AsburyPark@yahoogroups.com Sent: Tuesday, September 11, 2007 7:29:45 PM Subject: [AsburyPark] Re: Fire Sales? Understood.. thanks for the clarification. I do not agree on all points. In my opinion now that the market is difficult, they need to spend more than ever to market the property. They are also contracting units.so the money they are spending on marketing is paying off. As far as the point of having nothing to sellonce there is a contract, buyers are contractually obligated to buy once their unit is completed or they will lose their deposits. With the percentage and profile of the buyers that are buying in the building I would guess this is not going to be a problem. John --- In [EMAIL PROTECTED] ups.com, Allan Peterson nnjallans1@ ... wrote: I do not claim to have specific information. I have said in previous post that I don't believe one could advertise out of this slump. While it is good for the town, and the other developers who currently have product to sell, it make me worried. I did not slander the company, state they were going bankrupt or were looking to get out of Asbury. Simply said thier actions make me nervous which is an opinion. Isn't this board for opinions? I do not pretend to be a news reporter so I am hard pressed to see how this is irresponsible. I wish them the best of luck and I love the design and marketing of the project. Just some of the business decisions make me wonder and the 2 projects they company is involved in right now, are really big. - Original Message From: nobepeymay [EMAIL PROTECTED] To: [EMAIL PROTECTED] ups.com Sent: Tuesday, September 11, 2007 8:57:44 AM Subject: [AsburyPark] Re: Fire Sales? --- In [EMAIL PROTECTED] ups.com, Allan Peterson nnjallans1@ ... wrote: I worry about metro Allan, I have seen this comment from you more than once. I think it is irresponsible to comment on a builder without having any fact to back up your statement. What specific information do you have that leads to be so worried about Metro? John - Original Message From: oakdorf oakdorf@ To: [EMAIL PROTECTED] ups.com Sent: Monday, September 10, 2007 11:36:29 AM Subject: [AsburyPark] Re: Fire Sales? A beachfront condo in North Wildwood, N.J., had its $500,000 price slashed by $106,000. (20%) And a $1.6 million estate in Morris County, N.J., got lowered by nearly $100,000. (less then 1%) Hov taking advantage of the free negative PR. We've been talking 20% price drops for over 6 months now. Sales call at The Esperanza today... Time to clean off the crystal ball for the next read. Country Wide is the lender on next weeks auction by Sheldon Good for the 4th Ave condo convert. _ _ _ _ _ _ ___ Be a better Heartthrob. Get better relationship answers from someone who knows. Yahoo! Answers - Check it out. http://answers. yahoo.com/ dir/?link= listsid= 396545433 _ _ _ _ _ _ ___ Take the Internet to Go: Yahoo!Go puts the Internet in your pocket: mail, news, photos more. http://mobile. yahoo.com/ go?refer= 1GNXIC Fussy? Opinionated? Impossible to please? Perfect. Join Yahoo!'s user panel and lay it on us. http://surveylink.yahoo.com/gmrs/yahoo_panel_invite.asp?a=7
[AsburyPark] Re: Fire Sales?
I hope I am correct also.only time will tell!! Since I decided to buy in AP I have tried to remain as optimistic as possible.but understand there are challenges ahead and am trying to also be realistic. I am a newcomer and have not suffered through all of the false promises and delays that many of you have been subjected to. I remain hopeful because I see how engaged and passionate the people on this board and the people I have met in AP are about the AP community. We also have some serious people involved in the water front development now and what has already happened on Cookman is so cool and amazing to me. John --- In AsburyPark@yahoogroups.com, Allan Peterson [EMAIL PROTECTED] wrote: John I hope you are correct. There are so many ways things could play out and if anyone of us knew we would make a ton of $$$. As I said before I love the building plans and believe the marketing of a lifestyle canpaign is great. However people sign contracts and people drop out. The unit is not sold untill there is a closing. Money they are taking in now should not be used for marketing or construction. Funds should be in escrow or could be used if a bond is posted. There are ways out of a contract. This is why North Beach has a discount (I believe 10%) for completed invertory. I do not know if this market slump has hit bottom. While we have seen some positive signs this past two months we still are in a buyers market and we don't know if things have leveled off yet. - Original Message From: nobepeymay [EMAIL PROTECTED] To: AsburyPark@yahoogroups.com Sent: Tuesday, September 11, 2007 7:29:45 PM Subject: [AsburyPark] Re: Fire Sales? Understood.. thanks for the clarification. I do not agree on all points. In my opinion now that the market is difficult, they need to spend more than ever to market the property. They are also contracting units.so the money they are spending on marketing is paying off. As far as the point of having nothing to sellonce there is a contract, buyers are contractually obligated to buy once their unit is completed or they will lose their deposits. With the percentage and profile of the buyers that are buying in the building I would guess this is not going to be a problem. John --- In [EMAIL PROTECTED] ups.com, Allan Peterson nnjallans1@ ... wrote: I do not claim to have specific information. I have said in previous post that I don't believe one could advertise out of this slump. While it is good for the town, and the other developers who currently have product to sell, it make me worried. I did not slander the company, state they were going bankrupt or were looking to get out of Asbury. Simply said thier actions make me nervous which is an opinion. Isn't this board for opinions? I do not pretend to be a news reporter so I am hard pressed to see how this is irresponsible. I wish them the best of luck and I love the design and marketing of the project. Just some of the business decisions make me wonder and the 2 projects they company is involved in right now, are really big. - Original Message From: nobepeymay john@ To: [EMAIL PROTECTED] ups.com Sent: Tuesday, September 11, 2007 8:57:44 AM Subject: [AsburyPark] Re: Fire Sales? --- In [EMAIL PROTECTED] ups.com, Allan Peterson nnjallans1@ ... wrote: I worry about metro Allan, I have seen this comment from you more than once. I think it is irresponsible to comment on a builder without having any fact to back up your statement. What specific information do you have that leads to be so worried about Metro? John - Original Message From: oakdorf oakdorf@ To: [EMAIL PROTECTED] ups.com Sent: Monday, September 10, 2007 11:36:29 AM Subject: [AsburyPark] Re: Fire Sales? A beachfront condo in North Wildwood, N.J., had its $500,000 price slashed by $106,000. (20%) And a $1.6 million estate in Morris County, N.J., got lowered by nearly $100,000. (less then 1%) Hov taking advantage of the free negative PR. We've been talking 20% price drops for over 6 months now. Sales call at The Esperanza today... Time to clean off the crystal ball for the next read. Country Wide is the lender on next weeks auction by Sheldon Good for the 4th Ave condo convert. _ _ _ _ _ _ ___ Be a better Heartthrob. Get better relationship answers from someone who knows. Yahoo! Answers - Check it out. http://answers. yahoo.com/ dir/?link= listsid= 396545433 _ _ _ _ _ _ ___ Take the Internet to Go: Yahoo!Go puts the Internet in your pocket: mail, news, photos more
[AsburyPark] Re: Fire Sales?
-you;re in for the long haul. To live in and enjoy. It will work for you. There is at least one out, that being it not being delivered on time (think 6 months). All money comes back. For now, AP has only 2 waterfront options - ESP and NB, Out of those, you have only so many with ACTUAL waterfront views. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
[AsburyPark] Re: Fire Sales?
A beachfront condo in North Wildwood, N.J., had its $500,000 price slashed by $106,000. (20%) And a $1.6 million estate in Morris County, N.J., got lowered by nearly $100,000. (less then 1%) Hov taking advantage of the free negative PR. We've been talking 20% price drops for over 6 months now. Sales call at The Esperanza today... Time to clean off the crystal ball for the next read. Country Wide is the lender on next weeks auction by Sheldon Good for the 4th Ave condo convert. Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
Re: [AsburyPark] Re: Fire Sales?
I worry about metro - Original Message From: oakdorf [EMAIL PROTECTED] To: AsburyPark@yahoogroups.com Sent: Monday, September 10, 2007 11:36:29 AM Subject: [AsburyPark] Re: Fire Sales? A beachfront condo in North Wildwood, N.J., had its $500,000 price slashed by $106,000. (20%) And a $1.6 million estate in Morris County, N.J., got lowered by nearly $100,000. (less then 1%) Hov taking advantage of the free negative PR. We've been talking 20% price drops for over 6 months now. Sales call at The Esperanza today... Time to clean off the crystal ball for the next read. Country Wide is the lender on next weeks auction by Sheldon Good for the 4th Ave condo convert. Be a better Heartthrob. Get better relationship answers from someone who knows. Yahoo! Answers - Check it out. http://answers.yahoo.com/dir/?link=listsid=396545433
[AsburyPark] Re: Fire Sales?
--- In AsburyPark@yahoogroups.com, oakdorf [EMAIL PROTECTED] wrote: ...don't feel sorry for metro. The situation I see is how you go about selling something. If I walk into a place with couples (for example), empty nesters. looking for something on the beach and willing to shell out over $1m (each couple) 1. EVERY unit should be available for sale (without begging). Open the newspaper or turn on the TV...there are lots of opportunities for people with this kind of DIPSOSABLE CASH. In the US, the Islands, Europe etc. 2. METRO CHUZTPAH - One pakring space. UNLESS u want to shell oout an additonal $30,000 for a PARKING SPOT. Car not included. This isn't NYC Wound up at Diamond Beach in Long Branch. I'll be buying one there, priced for this market and standard units are finished AMAZING. As for North Beach, they still have a 10% off special on completed units.. They should take both take a hint from Hovnanian and run a 5 day SALE for ANY UNIT. What do I know? There is a problem with Diamond beach when the sewer authority in LB decides to freshen the air and in the heat... (shaking my head) thats why the west side of the building is so far below the east. I had an opportunity to see the test reports for the SA, and they are not equipped to handle any more development. KB Yahoo! Groups Links * To visit your group on the web, go to: http://groups.yahoo.com/group/AsburyPark/ * Your email settings: Individual Email | Traditional * To change settings online go to: http://groups.yahoo.com/group/AsburyPark/join (Yahoo! ID required) * To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] * To unsubscribe from this group, send an email to: [EMAIL PROTECTED] * Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
