What determines value?
One partiular unit in North Beach has the master bed and part of the
liv rm blocked by roof infront of it. It's like the architect could
calculate correctly. The rest of the lv rm has nice south view and
east views....
I think the original asking price when "things were hot" was around
$1.1m or $999.
I showed it yesterday and the sale price is alot,lot less.
For value, the couple asked good questions....
- flimsly shower doors, the ac unit exhaust blows onto the tiny
balcony etc..
They were looking at value.
Then came the "how much are the taxes..." and then an explanation of
the abatement...
Value today is what you have in your pocket and what you are willing
to take out of your pocket for that perceived value.
If you bought a house intending to flip it, good chance you and or
your bank are screwed...for now. UNless you have someone who is
looking for a principal residence and likes your home, the price and
value they see in it.
I got a Jeep. I thought that much off the sticker price is a better
value for what I really needed it for compared to my first choices
which I didn't want to struggle to pay for.
And I don't know how some guys manage to drive Range Rovers around
the streets of NYC ):
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