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Joe 6-Pack!
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« on: December 26, 2007, 04:44:20 PM » |
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The housing development in Rockaway is goin nuts, Is it actually gettin filled up or what? I feel like the Surfing community is single handedly saving the market in Rockaway. Surfers in the R*ck got money$$$
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« Last Edit: December 26, 2007, 07:34:17 PM by Tu Madre! »
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Religion is for people who are afraid to go to hell. Spirituality is for people who been to hell and don't want to go back.
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YouBetcha'Berry
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« Reply #1 on: December 26, 2007, 11:40:44 PM » |
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No all the house are not sold. Belle Bay Homes or something like that located on 101 and shorefront are very empty. That said, the Arverne By The Sea homes are selling. Thank goodness because its good for my property value  . Actually the overwhelming types of people here are not surfer. Most are just regular families from Queens, Brooklyn, Bronx and Tennessee (at least two couples). |
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"He who joyfully marches to music in rank and file has already earned my contempt. He has been given a large brain by mistake, since for him the spinal cord would fully suffice." Albert Einstein  |
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Crackie Onassis
FOF
Local Hero
 Offline
Posts: 7805
So heavy, you can't pick it up.
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« Reply #2 on: December 27, 2007, 08:36:05 PM » |
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I think that those Bayside two families have also stopped construction, which sucks cuz they came with water rights which means that one could have built a private dock & whatnot.
Those Belle Bay, or whatever, homes? Rediculous.
The ground floor apt is $500K, the middle apt is $700k and the penthouse was marketed at US$950K. I'm sorry but if I'm going to shell out US$1m for a home in the rockaways, it will not be on 101st Street. I don't care how many Kohler fixtures and decks you put in there.
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Palin is as Palin does.
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Dual Psychlonic Action
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« Reply #3 on: December 28, 2007, 11:27:31 AM » |
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Theres a few owners of the 101 places, theyre selling. The prob is the construction is going very slow but there are some people living in them. Oh yeah & dont listen to the local Hype, it has no validity. They all say the same things, "Oh them will never sell, Theyre turning em all into section 8, Nay Nay Nay!" the nay sayers are just that. Arverne is selling, quite fast actaully. The Nuatilus apartment building was sold out before they broke ground, I know BB gave me & bride a heads up on the building & when we called they told us that they were sorry but all Condos are bought. Also way donw where theyve been building new town house types in the lower number streets despite being close to the Projects have sold as well. theres only a few units left. they will be at the end of the newest Arverne builds. Way too many scrooges in the hood who just cant see anything good ever happening & most of them start their conversations about it with "Ive Heard." ven a new Luxury high rise with retail space has been built in the lowest number of the R0cks. Many of the people who are buying these are of every ethinicity, religious background & community in NYC. Its awesome.
R0cks changing. Unfortunatley, I cannot afford it anymore. the thought of owning is way outta my league now.
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« Last Edit: December 28, 2007, 11:32:28 AM by Sigh Co. »
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HydroGlide
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« Reply #4 on: December 28, 2007, 11:43:51 AM » |
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The issue is now boiling down to pre and post "melt-down" (or what ever the media calls it). What ever was closed and funded prior to the mortage melt-down has no bearing on how the spec construction and subsequent sales pan out everywhere (not just roq) only time will tell now how much and how easy mortgage money (construction, commercial, and residential) will be available to fund the completion of unfinished projects or the sale of completed spec housing inventory.
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Dual Psychlonic Action
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« Reply #5 on: December 28, 2007, 11:53:03 AM » |
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Yeah def No more "No Money Down" deals for me either.  |
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Joe 6-Pack!
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« Reply #6 on: December 28, 2007, 12:12:08 PM » |
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I feel like big developments such as the Freedom Tower, the Atlantic Yard Project, and The Coney Island Redevelopment are being delayed purposely because the market is so sh*tty right now. The twin towers were empty when they completed them back in 1977. Nobody wants to build just to have it empty, I just hope out of all this the property and rent goes down to something i might be able to afford.
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Religion is for people who are afraid to go to hell. Spirituality is for people who been to hell and don't want to go back.
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Sandshark
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« Reply #7 on: December 28, 2007, 02:56:02 PM » |
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au contraire.
atlantic yards is full steam ahead. i know b/c they're my clients...
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Joe 6-Pack!
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« Reply #8 on: December 28, 2007, 03:02:40 PM » |
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au contraire.
atlantic yards is full steam ahead. i know b/c they're my clients...
Can I ask you a personal question? Do you think Ratner is evil? |
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Religion is for people who are afraid to go to hell. Spirituality is for people who been to hell and don't want to go back.
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YouBetcha'Berry
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« Reply #9 on: December 28, 2007, 03:05:20 PM » |
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Brooklyn needs more Frank Gehry and less Gary, Indiana. ohhhhhh
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"He who joyfully marches to music in rank and file has already earned my contempt. He has been given a large brain by mistake, since for him the spinal cord would fully suffice." Albert Einstein |
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YouBetcha'Berry
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« Reply #10 on: December 28, 2007, 03:06:43 PM » |
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oh oh oh which Ratner do you speak of? The brilliant lawyer that is protecting our civil right or his brother the developer?
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"He who joyfully marches to music in rank and file has already earned my contempt. He has been given a large brain by mistake, since for him the spinal cord would fully suffice." Albert Einstein |
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Joe 6-Pack!
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« Reply #11 on: December 28, 2007, 03:13:57 PM » |
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I mean Ratner the developer, and Gehry is disgusting! Hes currently getting sued by MIT for his terrible building he designed in Boston. His work looks nice on paper but terrible in actuality because IT STICKS OUT LIKE AN ERECTION IN SPANDEX!
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Religion is for people who are afraid to go to hell. Spirituality is for people who been to hell and don't want to go back.
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north st.
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« Reply #12 on: December 28, 2007, 03:22:12 PM » |
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here is a comment from Barbara Corcoran's real estate column in the dailynews today......if you don't know her, she made gazillions from NYC real estate...
"About Rockaway Beach itself? It's a burgeoning area and prices there will only go up. "
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McFloater
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« Reply #13 on: December 28, 2007, 03:28:14 PM » |
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but only after they come down a bit  |
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HydroGlide
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« Reply #14 on: December 28, 2007, 04:07:25 PM » |
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Depends on how you define evil. Is the implantation of one of the Cleveland Forest City Enterprise Ratner families sons into NYC politics to box out all available industrial city space from the rest of the free market so they can build it out later, after its rezoned, in ways that seem to be completely out of touch with the historical NY character, evil?
Oh yeah, Barbara C, she's a RE Broker, aka a salesperson, she'd sell you loft space inside her mothers skull if she could get an exclusive - don't be surprised if every RE Broker everywhere forecasts a market decline of 10% or less.
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