You can't get a table b/c you're a nobody.
Mimi's is on 84th and Lex. Thank me later!
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New York is Dead
- Thread starter sammybea
- Start date
Mimi's is on 84th and Lex. Thank me later!
Quote from marketsurfer:
Things still look great to me in NYC. Restaurants packed, high end luxury stores filled with shoppers, bentleys and RR's parked on the street, can't get a table at cipriani's..... out my window, fifth ave is packed--what can i say?
I am not directly in the residential Real Estate business in NYC, however, I know rents have not come down much anywhere except the financial district. I hope rent comes down!
surf
I think the reality of the situation is just starting to sink in. Overpaying for an apartment is a tough pill to swallow .
Alot of the noob buyers are hoping (and praying) that this problem will resolve itself quickly.
Sorry kids, not gonna happen.
Many of those people should've been renting, in the first place, but real estate brokers sold them on the idea that they were "making an investment."
Quote from BadCo:
I think the reality of the situation is just starting to sink in. Overpaying for an apartment is a tough pill to swallow .
Alot of the noob buyers are hoping (and praying) that this problem will resolve itself quickly.
Sorry kids, not gonna happen.
Many of those people should've been renting, in the first place, but real estate brokers sold them on the idea that they were "making an investment."
Yeah. Hoping here rent drops, which it hasn't yet.
i own a home in the "country" and this is my first time living in a big city. i know better than to buy in these conditions.
thanks,
surf
Hmm. That was not my interpretation of your initial reference:Quote from marketsurfer:
yes, finished making long term calls with a capital F.
i am not telling nor advising anyone to trade my calls.
http://www.elitetrader.com/vb/showt...&perpage=6&highlight=finished&pagenumber=1193Quote from marketsurfer:
yes, we are averaging into this.
i remain confident as best as can be expected.
when this turns, its going to be hard.
7777 gets taken out on downside, I am finished.
surf
http://www.elitetrader.com/vb/showthread.php?s=&postid=2173413&highlight=finished#post2173413Quote from marketsurfer:
with a capital F.
no risk, no reward.
surf
Surely you can see why I may have interpreted your earlier comment to mean something other than merely being finished making long-term calls. The "capital F" followed by the "no risk, no reward" comment led me to believe it was more of an all-or-nothing, do-or-die type of thing thing.
Quote from Thunderdog:
Hmm. That was not my interpretation of your initial reference:
http://www.elitetrader.com/vb/showt...&perpage=6&highlight=finished&pagenumber=1193
http://www.elitetrader.com/vb/showthread.php?s=&postid=2173413&highlight=finished#post2173413
Surely you can see why I may have interpreted your earlier comment to mean something other than merely being finished making long-term calls. The "capital F" followed by the "no risk, no reward" comment led me to believe it was more of an all-or-nothing, do-or-die type of thing thing.
yes, i see what you mean. it would be financial suicide to risk everything on a long term call. risk capital averaged into this trade, sure. however, never bet the farm, no matter how sure you are.
surf