Trickle down pricing
David Stockman’s house at 105 Conyers Farm has sold for $13,150.00. Started at $23,500,000 in 2010. Zillow estimated it was worth $17 million, Fountain thought not.
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Tough to pair that ‘the world is ending’ message with ‘you should pay top dollar for my home’ message.
He listed his house. The market set the price. He is not telling you that you should do anything. Just venturing his opinion on the economy and like most naysayers in recent times such views are usually ignored.
What is your point? He listed for 23.5MM (thats telling you something) and sold for 13.1MM.
My point is there was no “should”. He listed his house at a high price. It is a free country. Market dictated an appropriate price. He accepted it. He didn’t tell you it was a great deal or suggest it would double. If anything he publicly stated his concerns to the contrary.
The seller was a well established bear. He asked for a bull’s price, but got the bear’s instead after a long listing period. That’s my point.
Obviously he didn’t run his mouth that his house was some sort of exception to his bear story, but if you let his asking price doing the talking, it was talking up a bull’s price.
Excellent point CC.
Out of the woodshed and off to the UES, although Yorkville is a little declasse. I should know, I lived in that neighborhood at one point in my checkered past. I guess if he got list he may have been able to afford something closer to CP. Funny that though, the world is ending but he paid a big nut and slightly over list for NYC real estate. He has the same investment mindset of a Russian oligarch or a Chinese prince……
Glad I read this post before telling Cos Cobber that maybe Stockman is the smart money and sold while prices were good. If he was really going to walk the walk, he should have rented in Manhattan from one of the many oligarchs using NYC real estate as an offshore bank account.
I won a bet I made a few years back when it first came on the market that it would sell for less than 15 million.
I think the only two people in the world who believed that first preposterous price were Mr. Stockman and his broker, David Ogilvy, and I’m not so sure about the latter.
David was the broker in the middle. Fran Ehrlich was the original and the final listing agent. David had the buyer.
170 East End is a beautiful building.
Yorkville is plenty respectable, Publius.
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