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new york city real estate price erosion
- Thread starter the gardner
- Start date
the greatest threat to nyc real estate is terrorism... to have most of your money in an asset located in nyc is really not a very good idea
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Trump wrote a book, "America we Deserve", he addressed terrorism in his book and this was in 2000. He was very concerned about terrorism in nyc. Secondly, NYPD has men stationed around the world, what I find interesting about this, is the fact NYC obviously believes the US Govt can't protect the city.
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Trump wrote a book, "America we Deserve", he addressed terrorism in his book and this was in 2000. He was very concerned about terrorism in nyc. Secondly, NYPD has men stationed around the world, what I find interesting about this, is the fact NYC obviously believes the US Govt can't protect the city.
Quote from the gardner:
manhattan is just starting to feel the pressures from the national real estate storm ...prices have droped 5 percent and rents are down 7 percent....
what goes up MUST come down g
Bullshit.
There has been very little built in the last 10 years. Manhattan is an island, with no room to go. One of my clients is a top real estate guy. He felt that even Harry Macklowe was not really in trouble (notwithstanding his huge loans coming due in February) and that Harry would be allright again in a couple of years time. Manhattan will just become like Tokio, where middle managment can not afford to live anymore, only top managment.
It's a bit like Greenwich, CT. Another client's of mine neighbor in Greenwich' s salary last year was 500 million USD- a hedge fund manager. Do you think that town will suffer a housing downturn? I don't.
nyc the hamptons and conn are all soft and will get softer ...go to radarlogic.com and see for yourself .....
yes nyc is an island but it sits in the centre of an economic ocean called the united states ...and it is from that ocean that it draws its strength or weakness
people who live on islands need to be ready for a tsunami
the last real tsunami to hit nyc was in the mid 70es
if i were you i would find a life jacket and put it on
g
yes nyc is an island but it sits in the centre of an economic ocean called the united states ...and it is from that ocean that it draws its strength or weakness
people who live on islands need to be ready for a tsunami
the last real tsunami to hit nyc was in the mid 70es
if i were you i would find a life jacket and put it on
g
maria b did not seem to happy with her latest guest who commented on nyc real estate values
it was noted
nyc bonuses flat to down this year
wall st is 50 percent of nyc economy....getting crushed massive layoffs on the horizon....closing in now
goldmans stock price recently.....173 today
hedge funds masking subprime losses....
lehman in trouble ...ubs merril and boa writedowns looming
vacant space on the rise...office space
etc etc etc
she maria sounded like some of you on this thread ....she changed the subject quickly .....she did not like what she was listening too...the truth hurts
g
it was noted
nyc bonuses flat to down this year
wall st is 50 percent of nyc economy....getting crushed massive layoffs on the horizon....closing in now
goldmans stock price recently.....173 today
hedge funds masking subprime losses....
lehman in trouble ...ubs merril and boa writedowns looming
vacant space on the rise...office space
etc etc etc
she maria sounded like some of you on this thread ....she changed the subject quickly .....she did not like what she was listening too...the truth hurts
g
Quote from the gardner:
the greatest threat to nyc real estate is terrorism... to have most of your money in an asset located in nyc is really not a very good idea
one direct hit to indian point nuclear plant on the hudson on a day with a steady southerly wind would forever render all nyc real estate valueless.............
indian point is only 35 miles north of times square
Man I am glad you are not a realtor, nuclear war is usually not a selling point. By the way if this happens you think anyone will worry about real estate. I will be looking for the J man on the horizon. Now let's get real.
What's the best method to short sell NYC real estate?
I'm sure there must be some real estate companies ( REITS maybe?) with massive exposure to NYC. ( I'm a short term trader. I use tape reading and don't have a clue what fundamentals to look for. )
I'm sure there must be some real estate companies ( REITS maybe?) with massive exposure to NYC. ( I'm a short term trader. I use tape reading and don't have a clue what fundamentals to look for. )
short sl green or vornado
or leh gs mer the i banks
or leh gs mer the i banks
Quote from the gardner:
many brokers are marketing to europens......and are giving new yorkers false hope...spinning lies and deciets.....so they can sell their oun apts before you sell yours
and the europeans like europe.....get it .....after all why buy somthing in us dollars if you own euros now
europens when and if they ever buy en mass will wait for real estate to drop further ....down 30 percent ie until its really cheep
they dont live here....and they will not live here.....
nyc is going lower right now .....and lower still next wk
your spelling is painful