Condos in Mott Haven....... (Ithaca, Bath: rent, high crime, good credit)

[Guywithacause]

The issue was not whether developers are in it to do anything for the neighborhood or the residents...we all know the primary motivation why they are in business, which is the same reason why we all go to work, and why people do most things....money. Developers are no more different, evil, or should be held to a higher standard than either you or I. We all gotta eat.

I do not tell people to pay sticker for anything...nor do I tell them to pay what anyone tells them to. When did I ever say this? What I did say is that houses are being sold for these prices...maybe these are the negotiated prices..we do not know...we can only speculate whether people are negotiating or not. The point is, however, these are the prices being paid. You always have the option of not buying here, or anywhere...there is certianly nobody forcing anyone to buy. However, should you choose to buy, these are the prevailing market conditions, which may go lower, higher, or stay the same as today.

[scatman]

Now, I wonder what the final offering prices were for the people who bought those condos.

[Guywithacause]

It is public information..and anyone wishing to know what they ultimately sold for can check via a variety of sources, local realtors, property shark, or the city website.

[SeventhFloor]

Originally Posted by cyrusjul

Well a part that looks like a real Ghetto. The first time walking along the beach. There were housing project buildings close by. Although we try no to wonder in those things. It was in the 90's or 100's streets, can't remember.

The second time I got off the train stop at 67th street. I wanted to wonder in the area again. But after that guy push me, I went right back to Manhattan. Did not have the time to wonder.

well the 90's and 100's have no projects. the closest 1's are hammels on b 86 st. you probably were accosted by some stupid high schoolers cause beach channel hs is on b 100 st. b 67 and beach channel drive is the hood.....there's only 1 family houses over there but a lot of gang members hang out around there, and b 67 is really not far rockaway, but arverne. sorry you had a bad experience tho, it can be intimidating at times.

[SeventhFloor]

Originally Posted by Guywithacause

The issue was not whether developers are in it to do anything for the neighborhood or the residents...we all know the primary motivation why they are in business, which is the same reason why we all go to work, and why people do most things....money. Developers are no more different, evil, or should be held to a higher standard than either you or I. We all gotta eat.

I do not tell people to pay sticker for anything...nor do I tell them to pay what anyone tells them to. When did I ever say this? What I did say is that houses are being sold for these prices...maybe these are the negotiated prices..we do not know...we can only speculate whether people are negotiating or not. The point is, however, these are the prices being paid. You always have the option of not buying here, or anywhere...there is certianly nobody forcing anyone to buy. However, should you choose to buy, these are the prevailing market conditions, which may go lower, higher, or stay the same as today.

there's a difference between eating and "feasting"....

[Guywithacause]

Well this country was born on feasting...and thrives on feasting..so why should developers be any different? Don't blame developers for participating in the game and making money.

[SeventhFloor]

ACRIS Main Options

check out that link it shows all the transactions that went down
3 mortgages...1 of them for almost 3 mil (im guessing thats either the sale of the building or 1 of the commercial spaces in the building) and 2 other mortgages i believe, 1 for $575K and 1 for $460K.

[SeventhFloor]

Originally Posted by ogplife

When you pay 800, 000 for a home in Mott Haven it makes it that much harder for someone with some sense to pay the 400 or 500 thousand it is actually worTH because you just set the market. Most things people do individually affects everyone else around them. Kinda like when someone steals merchandise from a store I hope you don't think you were unaffected by that. When these developers rob you for 3 or 4 hundred thousand dollars for that house the market is set and all the sensible people suffer the consequences. That is why you ridicule those who want to live in Mott Haven at any price.

guywithacause, this is the point im trying to make.

u say "oh dont blame the developers they're just trying to make a buck" and then in the next breath you're like "well its worth something to people who may want to live there for whatever reason...."
you're all over the place like a drunk driver....slow down and hand over the keys before somebody gets killed!

[Guywithacause]

lol...thanks for the mortgage amounts....I know that the prices started at $375,000 so those mortgages could be for any of the units....just depends how much people put down....but yes they are selling.

As for me all over the place like a drunk driver...that made me laugh. But those 2 comments are not mutually exclusive..i.e. the developers can be swooping in and making money...and those that are CHOOSING to buy are doing it for whatever reason...so I have yet to see the harm? Yes it sets a higher price for homes in the community..but that is life...it applies to all commodities..should we stop driving to keep gas prices low? Stop using electricity because rates are too high? So why should we stop buying homes because prices are going up as well?

[SeventhFloor]

no we shouldnt stop doing any of those things. but i do have a problem with why its not being questioned or addressed.