new york city real estate price erosion

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... g
More...


this is totally false.
rental prices are at all time highs.

regards,

surf
 
see the article in buisness week ....COVER STORY HOUSING MELTDOWN....read it 2x..........not good and nyc will not be immune....

also you can consult the case schiller index on home prices....
it does not look good

basically if you could short your place in nyc it woul be a great medium term position say 5 yrs....

we have entered a phase now titled...in real estate

FUNDAMENTAL VALUE DESTRUCTION

g
 
Quote from the gardner:

see the article in buisness week ....COVER STORY HOUSING MELTDOWN....read it 2x..........not good and nyc will not be immune....

also you can consult the case schiller index on home prices....
it does not look good

basically if you could short your place in nyc it woul be a great medium term position say 5 yrs....

we have entered a phase now titled...in real estate

FUNDAMENTAL VALUE DESTRUCTION

g
More...

instead of "reading" other people's opinions you need to look at comps.

It's not that bad man...
 
FUNDAMENTAL VALUE DESTRUCTION
-----------------------

Not quite sure what you mean. If the city takes a pro active measure on re-zoning, fundamental value can be created. Hence an improved ROI. Investment money is attracted, building continues, prices meet demand.
 
I say sell your place to the foreigners with the high currency valuations to prop up those prices. Sell off parts of this country. It's a good way to bring those dollars back home that we send overseas and everyone keeps pissing and moaning about. And then when the dollars rebounds, and it is starting, and the prices start to fall, then double whammy :)
 
fundamental value destruction.....see allan blinder princeton university for further definition

also look at charted home prices adjusted for inflation 1890 to the present a 118 year chart

you will note that we have spiked upward in the past 10 yrs ....thes has never happened before at this rate ever

also transaction volume of closed real estate deals in nyc has declined by two thirds in the past yr....and price follows volume..see radarlogic.coms anylitical data and historical data ..witch goldman uses to trade residential real estate derivitves upon...specifically for nyc nyc msa rpx...or residential price index....and the smart money is short nyc

to be continued g
 
You must log in or register to reply here.
Back
Top