Sending me more emails about the units available at your new ugly condo dubbed "the Floridian" will not compel me to buy one of them. Week after week, month after month you keep emailing me about this property. Evidently, you're not selling units. That's because you're asking for too much money in a neighborhood that, though lovely, now has excess condo capacity. If you lower your price, I might buy one! And if not me, surely someone else will.
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Dear Urban Land Company
19 May 2008 03:14 pm
Comments (21)
Secrets of the Dim Past
When I was 28, I wanted to buy a time share at the beach.
Just this past Saturday, I sat on the roof of Nelly's admiring the Floridian. I looked up the website on my iPhone (one of the great joys in owning one is viewing the pdfs of floorplans of buildings you see while out and about) and much to my annoyance, Urban Land Company INSISTED that one register with email address to view them floorplans.
Having just read your post, I am MOST glad that I did not!
PROTIP: This is not passiveaggressivenotes.com, Matty - if you intend to match the quality of Ross's posts (though I do disagree with the man often, his output is well-crafted) with quantity, at least mail it in in a less obvious fashion.
I wonder if this "Floridian" condo is in any way related to those Glengarry leads...
Always Be Closing, I say.
DU
Put. The Coffee. Back.
That coffee is for closers only.
Put. The Coffee. Back.
That coffee is for closers only.
Well shit, how much are they listed at? I even gave them a fake email address and no prices.
If the current owner lowers the price it will have to reduce the asset value on its books of unsold units. This might be an event of default under existing loans, will inevitably dent if not obliterate this quarter's earnings from other operations, and could have various other unpleasant results.
Of ocurse, if you offered them whatever you are willing to pay, they might just take it.
Put. The Coffee. Back.
It's "Put. That coffee. Down."
Now is a great time to buy real estate! Please?
There's a one bedroom and three bedroom on Redfin. I like the kitchens, but you weren't kidding about the overpricing.
919 FLORIDA Ave NORTHWEST #406
WASHINGTON, DC 20001
Beds: 1 On Redfin: 244 days
Baths: 1.5 Year Built: 2005
SQ.FT.: 948 Lot Size: -
$/SQ.FT.: $525
919 FLORIDA Ave NORTHWEST #802
WASHINGTON, DC 20001
Beds: 3 On Redfin: 244 days
Baths: 2.5 Year Built: 2007
SQ.FT.: 1,765 Lot Size: -
$/SQ.FT.: $560
And that horrid green and yellow color scheme was outdated yesterday.
wtf. At their site, to learn the basics (you know, prices, floor plans, etc.), you have to register contact information.
"Of ocurse, if you offered them whatever you are willing to pay, they might just take it. "
Offer to take one off their hands for nothing if they throw in $100,000 to cover future taxes and fees.
$500+/sq.ft. is typically pricing for DC's nicer neighborhoods. To pay that much to live at 9th NW & Florida is a fool's game, given the number of perfectly nice condos selling for the same rate or less is more desireable locations.
You might be able to negotiate a deal where you pay "list price" but get very favorable financing and convince the developer to waive taxes and fees for a few years. I, however, will prefer to watch the train-wreck of overbuilt, overpriced DC condos coming online in slow motin.
Maybe if you buy the condo they'll throw in a set of steak-knives.
Or if you buy a set of steak knives they will throw in the condo.
I read that a developer in Las Vegas was selling condos, buy 1 get 1 free.
Meanwhile, the price of condos in San Francisco continues to rise precipitously, with no end in sight.
*sigh*
--fred
Stay away from buying Condos now, just remember that NYT report recently. A horrible story about half empty new Condo buildings and the sad consequences for the poor folks living there:
"Collateral Foreclosure Damage for Condo Owners"
http://www.nytimes.com/2008/05/15/business/15condo.html?scp=1&sq=condo&st=nyt
Even if you buy at bargain prices, do you really want to live in a dimly lit tower, facing maintenance shortcommings everywhere, and still pay ridiculously high HOA fees?
My understanding is that the views rock.
Ah, there's this thing called "unsubscribe" that you can use to get rid of those pesky emails. Learn how to use it and quit griping!
Comments closed June 02, 2008.
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Heads in the Sand
How much are they asking for?
Posted by blah | May 19, 2008 3:23 PM