Tuesday Links

haha shit

im pretty below the average for brooklyn

Posted by: guest at November 20, 2007 8:47 AM

Of course that is not what the stats said - even though the NY Post ariticle obscures that.
It is the average wage of a person who Works in Manhattan/Brooklyn/etc - not Lives.

Posted by: guest at November 20, 2007 9:15 AM

"Brooklyn tenant fights off eviction, other families have been forced out"

Ahrrrrr fuck the poor, the working class and the elderly. Kick those fuckers out so we can build more condos. More condos I said! More get going. Mr.B will post them here!!! 10x monthly income prices. LMAO!

The What

Someday this war is going end..

Note: The markets are in turmoil again.

Posted by: guest at November 20, 2007 10:08 AM

I read the Eagle article about Kruger twice and I'll be damned if I can find where it states WHY he is going to fight the mayor's plan for Coney Island. It does quote Kruger as saying the plan is "a back-door approach to eminent domain" but that's not really an explanation. Is the state senator being pugnacious (or flexing his muscles prior to a run for borough president) or is this just bad journalism?

Posted by: guest at November 20, 2007 10:30 AM

Say what you will about Marty, the guy can wear a suit. To quote the late, great Warren Zevon, "I'd like to meet his tailor."

Posted by: guest at November 20, 2007 10:33 AM

Yesterday, Bloomberg reported that bonuses will total a record $38 billion, which flies in the face of those grim down 10% and down 15% predictions. That comes out to about $201,500 for every Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers and Bear Sterns blueshirt on your block. Of course, the guys at the top will be clearing $10 million, so those averages don't mean much.

Posted by: guest at November 20, 2007 11:13 AM

The landlord in the Sunset Park story sounds like many of the posters here, whenever stories about rent control, rent stabilization or tenants' issues comes up. Ceiling near crib falls - "if you don't like it, you can move." Lovely.

Posted by: guest at November 20, 2007 11:39 AM

Credit Market Collapse Claims Victims as Lawyers Exit

http://www.bloomberg.com/apps/news?pid=20601109&sid=aRr7SXEHGIbk&refer=home

"Clifford Chance, the world's highest-grossing law firm, dismissed six senior associates who worked on mortgage-backed securities in its structured finance practice on Nov. 5. At least two other firms asked associates, or salaried lawyers, to take sabbaticals or switch departments, a move that often precedes job cuts. Partners, about one-fourth of the attorneys at the biggest firms, may also face some belt tightening."

Boy O Boy! You may get a bonus but, you won't have a job in 2008. People this thing is getting real nasty. Wake up! Wake up!

The What

Someday this war is gonna end....

Posted by: guest at November 20, 2007 12:49 PM

"People this thing is getting real nasty."

you better go have a doctor take a look then...

Posted by: guest at November 20, 2007 12:55 PM

So what happens when some of these new condos (such as one discussed the other day) are 40% sold and the sponsor puts the other 100 units on the rental market. It won't be just one building either. The new construction (Oro, Forte, Smith) haven't even strated closings.

Posted by: guest at November 20, 2007 2:34 PM

Quality and value are proportional to owner-occupancy, 2:34. So internal downard price pressures will combine with those of the market at large. The rental bubble will also deflate as more and more of these failed projects are converted to the rental inventory.

Posted by: guest at November 20, 2007 3:28 PM