Miss Muffet,

Are you lowballng or just window shopping?

Posted by: 25 to 50 Percent Drop at December 5, 2008 11:27 PM in response to Open House Picks: Six Months Later

"I'm not wed to a magic percent decline since there is so much variation property by property"

The variation was priced in before the price spike. Which nabes deviated from the tripling of the NY Case-Shiller index? I say start your bid at 50% peak comps.

Posted by: 25 to 50 Percent Drop at December 5, 2008 2:15 PM in response to Open House Picks: Six Months Later

The What (NY Mag, come on ya'll)

Posted by: 25 to 50 Percent Drop at December 4, 2008 7:40 PM in response to Closing Bell: Brooklyn's Hall of Fame

The What

Posted by: 25 to 50 Percent Drop at December 4, 2008 7:39 PM in response to Closing Bell: Brooklyn's Hall of Fame

"...can't sell their units so they're panicking. Some are changing to rentals."

Rents are about to get whacked. This is bad for 2+ family brownstone comps and the cheaper-to-buy argument. Thank God I was able to convince my wife to start bottom-feeding for a 2BR/2BA condo-gone-rental rather than pull the trigger on a collapsing brownstone price tag.

A significant drop in rent may only be a temporary loss while a significant drop in a closed sale price is a permanent loss. Which one do you think they will be willing to suffer first (if they have a choice)? You've answered correctly, the former. Rent asks will fall faster than sale asks in the months going forward.

Posted by: 25 to 50 Percent Drop at December 4, 2008 2:03 PM in response to 'Across the Board' Hits in Brooklyn

Thanks for bringing the asshats back to reality, commonsense. Now back to the implosion...

Posted by: 25 to 50 Percent Drop at December 3, 2008 9:29 AM in response to Refi Wave on the Way?

Thanks for sharing. I'm in the market for a wreck. Nice jacuzzi.

Posted by: 25 to 50 Percent Drop at December 3, 2008 9:25 AM in response to We recommend a contractor

"Reeeeedemmmmmmptiooooonnnnn!" - Bob Marley

Posted by: 25 to 50 Percent Drop at December 2, 2008 11:21 AM in response to House of the Day: 170 South Oxford Street

Test (earlier post was held back)

Posted by: 25 to 50 Percent Drop at December 2, 2008 11:19 AM in response to House of the Day: 170 South Oxford Street

Oops...up...side ya head...say oops up side ya head!

Sell for 2006 prices now or forever be priced in at 2003. Mirror image of buy now or forever be priced out.

Posted by: 25 to 50 Percent Drop at December 2, 2008 11:08 AM in response to Half-Price Sale on Washington

I agree with Boerumresident. Older tenants = key.

Now gimme that width.

Posted by: 25 to 50 Percent Drop at December 1, 2008 11:54 AM in response to how to sublet 5 bedroom brownstone

"No gym?"

Eastern Athletic Club on Clark near the 2/3 train station. Very convenient. Deduct $100/mo X 10 (typical rent ratio) X 12 months = $12K from your bid. Voila! Problem solved.

Posted by: 25 to 50 Percent Drop at December 1, 2008 11:50 AM in response to Update on 20 Henry

Very nice units though. 3/2's are a rarity.

Posted by: 25 to 50 Percent Drop at December 1, 2008 11:35 AM in response to Update on 20 Henry

Not a typo, dittoburg. The last thing they need is irony suggesting that their prices represent the peak that has passed. Yes, lisa (kinda Purple Rainish, huh?), very 2007.

Posted by: 25 to 50 Percent Drop at December 1, 2008 11:33 AM in response to Update on 20 Henry

Consider only high end guests/tourists (be creative in your screening). Sell the historic Brooklyn experience (like Trestevere in Rome). Have a very elaborate agreement with a deposit in the amount of a fairly conservative repair/replacement estimate.

I'm liking that stairway. What's your building width, 20'?

Posted by: 25 to 50 Percent Drop at December 1, 2008 10:27 AM in response to how to sublet 5 bedroom brownstone

"Does this +3% we are being told really amount to much or is it just your standard holiday season social engineering?"

Oblivious to the deflationary spiral, the sheep thought they were saving money by spending and/or borrowing. This is not just "Black" Friday. This is a "Black" turn-of-the-decade. They'll be giving plasmas away in the months/years to come.

Posted by: 25 to 50 Percent Drop at December 1, 2008 10:18 AM in response to Big Discounts Get Shoppers Out of Bed

...and trampling to death over a poor fella trying to make ends meet. Sad.

The Black Friday frenzy reminds me of the housing bubble circa 2005. Contract signed even before a viewing.

Posted by: 25 to 50 Percent Drop at December 1, 2008 10:12 AM in response to Big Discounts Get Shoppers Out of Bed

"There may be an annoying elitist strain to the folks you meet in Manhattan but that's just a symptom of Manhattan's place on the world stage."

It's called swaggah.

Posted by: 25 to 50 Percent Drop at November 26, 2008 1:10 PM in response to Wanna Save Money? Leave Brooklyn For Manhattan

gomuppets claim, if true, changes everything.

Posted by: 25 to 50 Percent Drop at November 26, 2008 1:05 PM in response to Co-op of the Day: Another 1BR at 193 Clinton Avenue

I love Brooklyn and have always preferred it over Manhattan but only because of it's close proximity to and toned down pace from The City. From an international perspective, Brooklyn simply does not compare. Top earners will always prefer Manhattan. Jennifer Conolly, Spike Lee, Heath Ledger (RIP), etc. Brooklyn is and always was an extension of Manhattan, not the other way around. I think our preferences hinge on our reality. If we could really afford a WV, UWS or UES townhouse the majority of us would go for it. I know I would. There are exceptions of course.

Posted by: 25 to 50 Percent Drop at November 26, 2008 12:56 PM in response to Wanna Save Money? Leave Brooklyn For Manhattan

Exterior does no justice.

Posted by: 25 to 50 Percent Drop at November 26, 2008 12:40 PM in response to Brooklyn Modern #3: Fort Greene Frame House

I've always said, long ago, that Manhattanites transplanted in Brooklyn would eventually move back to Manhattan once prices dropped there. This should help put downward pressure on prices as buyers remaining in Brooklyn will likely be of a lower income class. This headline suggests how overvalued Brooklyn has become (financially but not socially). The notion that Manhattan (excluding LES and Uptown) is cheaper than Brooklyn is unsustainable and will correct itself.

Posted by: 25 to 50 Percent Drop at November 26, 2008 10:03 AM in response to Wanna Save Money? Leave Brooklyn For Manhattan

"There is nothing wrong with repeating the obvious if that's what it takes to get the slow to understand."

Ouch!

Posted by: 25 to 50 Percent Drop at November 25, 2008 8:03 PM in response to Last Week's Biggest Sales

revelation (the count was full!)

Posted by: 25 to 50 Percent Drop at November 25, 2008 5:16 PM in response to Last Week's Biggest Sales

relevation

Posted by: 25 to 50 Percent Drop at November 25, 2008 5:14 PM in response to Last Week's Biggest Sales

"Prices wont bottom at the point you describe, they will have certainly reached a bottom BY this point, and QOQ and MOM graphs will have shown it for some time."

Didn't say AT, said APPROACHES. "some time" = 9 months max (see below). Not bad for a top/bottom (peak/trough) call in RE.

NYC Metro Case-Shiller Index

MONTH YEAR, READING, MOM, YOY
January 1987 74.42 Trough
February 1987 75.43 1.36%
March 1987 76.25 2.46%
April 1987 77.34 3.92%
May 1987 79.16 6.37%
June 1987 80.84 8.63%
July 1987 82.22 10.48%
August 1987 83.01 11.54%
September 1987 83.44 12.12%
October 1987 83.88 12.71%
November 1987 84.02 12.90%
December 1987 84.41 13.42%
January 1988 84.12 13.03% 13.03%
February 1988 83.92 12.77% 11.26%
March 1988 83.48 12.17% 9.48%
April 1988 83.71 12.48% 8.24%
May 1988 84.23 13.18% 6.40%
June 1988 84.59 13.67% 4.64%
July 1988 85.02 14.24% 3.41%
August 1988 85.33 14.66% 2.79%
September 1988 85.54 Peak 14.94% 2.52%
October 1988 85.14 -0.47% 1.50%
November 1988 84.82 -0.84% 0.95%
December 1988 84.33 -1.41% -0.09%
January 1989 84.32 -1.43% 0.24%
February 1989 83.77 -2.07% -0.18%
March 1989 83.27 -2.65% -0.25%
April 1989 82.94 -3.04% -0.92%
May 1989 82.97 -3.00% -1.50%
June 1989 82.95 -3.03% -1.94%
July 1989 82.67 -3.36% -2.76%
August 1989 82.63 -3.40% -3.16%
September 1989 82.38 -3.69% -3.69%
October 1989 82.36 -3.72% -3.27%
November 1989 81.85 -4.31% -3.50%
December 1989 81.32 -4.93% -3.57%
January 1990 80.89 -5.44% -4.07%
February 1990 80.53 -5.86% -3.87%
March 1990 79.99 -6.49% -3.94%
April 1990 79.34 -7.25% -4.34%
May 1990 79.05 -7.59% -4.72%
June 1990 78.96 -7.69% -4.81%
July 1990 78.78 -7.90% -4.71%
August 1990 78.21 -8.57% -5.35%
September 1990 77.41 -9.50% -6.03%
October 1990 76.80 -10.22% -6.75%
November 1990 76.14 -10.99% -6.98%
December 1990 75.60 -11.62% -7.03%
January 1991 74.59 -12.80% -7.79%
February 1991 73.69 -13.85% -8.49%
March 1991 72.87 -14.81% -8.90%
April 1991 72.29 Trough -15.49% -8.89%
May 1991 72.63 0.47% -8.12%
June 1991 73.50 1.67% -6.91%
July 1991 74.39 2.90% -5.57%
August 1991 74.90 3.61% -4.23%
September 1991 75.06 3.83% -3.04%
October 1991 75.01 3.76% -2.33%
November 1991 74.84 3.53% -1.71%
December 1991 74.74 3.39% -1.14%
January 1992 74.59 3.18% 0.00%
February 1992 74.38 2.89% 0.94%
March 1992 74.27 2.74% 1.92%
April 1992 74.40 2.92% 2.92%
May 1992 74.69 3.32% 2.84%
June 1992 75.14 3.94% 2.23%
July 1992 75.47 4.40% 1.45%
August 1992 75.79 4.84% 1.19%
September 1992 75.74 4.77% 0.91%
October 1992 75.48 4.41% 0.63%
November 1992 75.38 4.27% 0.72%
December 1992 75.35 4.23% 0.82%
January 1993 75.54 4.50% 1.27%
February 1993 75.42 4.33% 1.40%
March 1993 75.32 4.19% 1.41%
April 1993 75.34 4.22% 1.26%
May 1993 75.71 4.73% 1.37%
June 1993 76.44 5.74% 1.73%
July 1993 76.84 6.29% 1.82%
August 1993 76.99 6.50% 1.58%
September 1993 76.99 6.50% 1.65%
October 1993 76.92 6.40% 1.91%
November 1993 76.88 6.35% 1.99%
December 1993 76.71 6.11% 1.80%
January 1994 76.61 5.98% 1.42%
February 1994 76.43 5.73% 1.34%
March 1994 76.60 5.96% 1.70%
April 1994 76.88 6.35% 2.04%
May 1994 77.55 7.28% 2.43%
June 1994 78.20 8.18% 2.30%
July 1994 78.78 8.98% 2.52%
August 1994 79.08 9.39% 2.71%
September 1994 79.08 9.39% 2.71%
October 1994 78.87 9.10% 2.54%
November 1994 78.50 8.59% 2.11%
December 1994 78.36 8.40% 2.15%
January 1995 78.28 8.29% 2.18%
February 1995 78.29 8.30% 2.43%
March 1995 77.95 7.83% 1.76%
April 1995 77.77 7.58% 1.16%
May 1995 78.03 7.94% 0.62%
June 1995 78.58 8.70% 0.49%
July 1995 78.99 9.27% 0.27%
August 1995 79.17 9.52% 0.11%
September 1995 79.17 9.52% 0.11%
October 1995 79.11 9.43% 0.30%
November 1995 78.85 9.07% 0.45%
December 1995 78.70 8.87% 0.43%
January 1996 78.63 8.77% 0.45%
February 1996 78.73 8.91% 0.56%
March 1996 78.90 9.14% 1.22%
April 1996 78.94 9.20% 1.50%
May 1996 79.36 9.78% 1.70%
June 1996 79.52 10.00% 1.20%
July 1996 79.97 10.62% 1.24%
August 1996 80.31 11.09% 1.44%
September 1996 80.45 11.29% 1.62%
October 1996 80.35 11.15% 1.57%
November 1996 80.02 10.69% 1.48%
December 1996 80.03 10.71% 1.69%
January 1997 80.08 10.78% 1.84%
February 1997 80.08 10.78% 1.71%
March 1997 79.97 10.62% 1.36%
April 1997 80.03 10.71% 1.38%
May 1997 80.53 11.40% 1.47%
June 1997 81.53 12.78% 2.53%
July 1997 82.32 13.87% 2.94%
August 1997 82.72 14.43% 3.00%
September 1997 82.80 14.54% 2.92%
October 1997 82.84 14.59% 3.10%
November 1997 82.94 14.73% 3.65%
December 1997 83.11 14.97% 3.85%
January 1998 83.36 15.31% 4.10%
February 1998 83.85 15.99% 4.71%
March 1998 84.28 16.59% 5.39%
April 1998 84.76 17.25% 5.91%
May 1998 85.52 18.30% 6.20%
June 1998 86.58 19.77% 6.19%
July 1998 87.70 21.32% 6.54%
August 1998 88.48 22.40% 6.96%
September 1998 89.04 23.17% 7.54%
October 1998 89.31 23.54% 7.81%
November 1998 89.41 23.68% 7.80%
December 1998 89.43 23.71% 7.60%
January 1999 89.49 23.79% 7.35%
February 1999 89.89 24.35% 7.20%
March 1999 90.56 25.27% 7.45%
April 1999 91.59 26.70% 8.06%
May 1999 92.49 27.94% 8.15%
June 1999 94.07 30.13% 8.65%
July 1999 95.47 32.07% 8.86%
August 1999 96.88 34.02% 9.49%
September 1999 97.67 35.11% 9.69%
October 1999 98.24 35.90% 10.00%
November 1999 98.59 36.38% 10.27%
December 1999 99.28 37.34% 11.01%
January 2000 100.00 38.33% 11.74%
February 2000 100.54 39.08% 11.85%
March 2000 101.27 40.09% 11.83%
April 2000 102.41 41.67% 11.81%
May 2000 104.35 44.35% 12.82%
June 2000 106.00 46.63% 12.68%
July 2000 107.52 48.73% 12.62%
August 2000 108.90 50.64% 12.41%
September 2000 109.76 51.83% 12.38%
October 2000 110.51 52.87% 12.49%
November 2000 110.89 53.40% 12.48%
December 2000 111.87 54.75% 12.68%
January 2001 112.66 55.84% 12.66%
February 2001 113.51 57.02% 12.90%
March 2001 114.48 58.36% 13.04%
April 2001 115.60 59.91% 12.88%
May 2001 116.38 60.99% 11.53%
June 2001 117.90 63.09% 11.23%
July 2001 119.66 65.53% 11.29%
August 2001 121.41 67.95% 11.49%
September 2001 122.91 70.02% 11.98%
October 2001 123.86 71.34% 12.08%
November 2001 124.74 72.55% 12.49%
December 2001 124.72 72.53% 11.49%
January 2002 125.19 73.18% 11.12%
February 2002 125.40 73.47% 10.47%
March 2002 126.50 74.99% 10.50%
April 2002 127.93 76.97% 10.67%
May 2002 129.89 79.68% 11.61%
June 2002 132.20 82.87% 12.13%
July 2002 135.18 87.00% 12.97%
August 2002 137.74 90.54% 13.45%
September 2002 139.69 93.24% 13.65%
October 2002 141.58 95.85% 14.31%
November 2002 143.29 98.22% 14.87%
December 2002 145.20 100.86% 16.42%
January 2003 146.55 102.73% 17.06%
February 2003 147.30 103.76% 17.46%
March 2003 148.38 105.26% 17.30%
April 2003 149.53 106.85% 16.88%
May 2003 150.88 108.71% 16.16%
June 2003 151.86 110.07% 14.87%
July 2003 153.50 112.34% 13.55%
August 2003 155.14 114.61% 12.63%
September 2003 157.10 117.32% 12.46%
October 2003 158.73 119.57% 12.11%
November 2003 160.59 122.15% 12.07%
December 2003 162.31 124.53% 11.78%
January 2004 163.63 126.35% 11.65%
February 2004 164.92 128.14% 11.96%
March 2004 166.61 130.47% 12.29%
April 2004 168.30 132.81% 12.55%
May 2004 170.52 135.88% 13.02%
June 2004 172.90 139.18% 13.85%
July 2004 175.74 143.10% 14.49%
August 2004 177.93 146.13% 14.69%
September 2004 179.79 148.71% 14.44%
October 2004 181.90 151.63% 14.60%
November 2004 183.69 154.10% 14.38%
December 2004 185.16 156.14% 14.08%
January 2005 187.19 158.94% 14.40%
February 2005 189.29 161.85% 14.78%
March 2005 192.17 165.83% 15.34%
April 2005 194.10 168.50% 15.33%
May 2005 195.96 171.07% 14.92%
June 2005 197.77 173.58% 14.38%
July 2005 199.86 176.47% 13.72%
August 2005 202.33 179.89% 13.71%
September 2005 204.83 183.34% 13.93%
October 2005 207.64 187.23% 14.15%
November 2005 210.30 190.91% 14.49%
December 2005 212.68 194.20% 14.86%
January 2006 213.50 195.34% 14.06%
February 2006 214.47 196.68% 13.30%
March 2006 214.33 196.49% 11.53%
April 2006 214.97 197.37% 10.75%
May 2006 215.57 198.20% 10.01%
June 2006 215.83 Peak 198.56% 9.13% -29.64%
July 2006 215.25 -0.27% 7.70%
August 2006 214.34 -0.69% 5.94%
September 2006 214.08 -0.81% 4.52%
October 2006 214.28 -0.72% 3.20%
November 2006 214.23 -0.74% 1.87%
December 2006 213.79 -0.95% 0.52%
January 2007 212.78 -1.41% -0.34%
February 2007 212.52 -1.53% -0.91%
March 2007 212.39 -1.59% -0.91%
April 2007 211.61 -1.96% -1.56%
May 2007 210.51 -2.46% -2.35%
June 2007 209.49 -2.94% -2.94%
July 2007 208.36 -3.46% -3.20%
August 2007 207.15 -4.02% -3.35%
September 2007 206.35 -4.39% -3.61%
October 2007 205.54 -4.77% -4.08%
November 2007 204.58 -5.21% -4.50%
December 2007 202.47 -6.19% -5.29%
January 2008 200.78 -6.97% -5.64%
February 2008 198.45 -8.05% -6.62%
March 2008 196.53 -8.94% -7.47%
April 2008 194.78 -9.75% -7.95%
May 2008 193.88 -10.17% -7.90%
June 2008 194.22 -10.01% -7.29%
July 2008 193.64 -10.28% -7.06%
August 2008 193.33 -10.42% -6.67%
September 2008 191.32 -11.36% -7.28%

Miss Muffet can't move the market alone but that's not what she's trying to do. She's aligning herself, advertently or not, with other bulls who can and will move the market en masse. You know and I know that booms andd busts are all about mass psychology. RE might not be stocks but it behaves very similarly in slow motion. Fraud, deceipt, euphoria and greed, followed by relevation, reality and fear. Boom! Crash!

Bulls peddle greed. Bears peddle fear. I see nothing wrong with Miss Muffets posts.

Much respect for you though, Aussie.

Posted by: 25 to 50 Percent Drop at November 25, 2008 5:06 PM in response to Last Week's Biggest Sales

Daddy knows best. Unless of course he thinks prices won't tank 25 to 50 percent.

Posted by: 25 to 50 Percent Drop at November 25, 2008 4:13 PM in response to Last Week's Biggest Sales

"throwing away money on rent"

Wwwooooowwww! You still fall for that garbage? You haven't heard enough of Miss Muffet. Keep reading her posts please.

Posted by: 25 to 50 Percent Drop at November 25, 2008 4:03 PM in response to Last Week's Biggest Sales

"June 29,2009"

Absurd. Prices will bottom when Case-Shiller YOY approaches zero. Right now, it's moving away from zero. See my post on Tuesday Links. It's a process, not an event. The implosion is on nobody's schedule. Deadline? Ha! Could be 2009, could be 2019. Good things come to those who wait.

Posted by: 25 to 50 Percent Drop at November 25, 2008 3:51 PM in response to Last Week's Biggest Sales

Peace out to Miss Muffet. She's in my camp. I cannot get enough of her intelligent comments (yeah, I'm biased but her comments are intelligent). Repetition is key. Most of you still don't get it. You say "yeah, I know prices will fall" but you think it's gonna just be limited to 10 percent price sanding. So delusional. There's not enough scoffing at these still ridiculously high prices. Not long ago you bulls (or gummy bears) thought prices would keep going up. Then you revised your forecast that prices would move sideways. Now the price sands. The facts, historical symptoms and logic need to be drilled into your head over and over again. Keep going Miss Muffet. Repetition is key.

We have to read over and over again "urbanization, everybody wants to live in NYC, population to skyrocket by 2030, yada yada yada". Euphoria (in spite of economic comparisons to the Great Depression) is constantly pumped on this blog. It is the duty of a bull to dissiminate what's REALLY likely to happen in the months and years to come. There's not enough scoffing at these prices.

The negative responses to Miss Muffet are obviously those of owners/developers who are now questioning their positions. If she's not REALLY in your head, you don't respond. But you do. It speaks volumes. But you were warned about this crash for months and even years.

Just my kneejerk rant. (remember, repetition is key).

Posted by: 25 to 50 Percent Drop at November 25, 2008 3:45 PM in response to Last Week's Biggest Sales

NYC Case Shiller Home Price Index
www.standardandpoors.com

MONTH/YEAR READING MOM YOY
June 2006 215.83 Peak 198.56% 9.13%
July 2006 215.25 -0.27% 7.70%
August 2006 214.34 -0.69% 5.94%
September 2006 214.08 -0.81% 4.52%
October 2006 214.28 -0.72% 3.20%
November 2006 214.23 -0.74% 1.87%
December 2006 213.79 -0.95% 0.52%
January 2007 212.78 -1.41% -0.34%
February 2007 212.52 -1.53% -0.91%
March 2007 212.39 -1.59% -0.91%
April 2007 211.61 -1.96% -1.56%
May 2007 210.51 -2.46% -2.35%
June 2007 209.49 -2.94% -2.94%
July 2007 208.36 -3.46% -3.20%
August 2007 207.15 -4.02% -3.35%
September 2007 206.35 -4.39% -3.61%
October 2007 205.54 -4.77% -4.08%
November 2007 204.58 -5.21% -4.50%
December 2007 202.47 -6.19% -5.29%
January 2008 200.78 -6.97% -5.64%
February 2008 198.45 -8.05% -6.62%
March 2008 196.53 -8.94% -7.47%
April 2008 194.78 -9.75% -7.95%
May 2008 193.88 -10.17% -7.90%
June 2008 194.22 -10.01% -7.29%
July 2008 193.64 -10.28% -7.06%
August 2008 193.33 -10.42% -6.67%
September 2008 191.32 -11.36% -7.28%

MOM = month over month (change from last month)
YOY = year over year (change from same month last year)

The YOY from May to August of this year showed signs of recovery. But even before October's "crisis", the YOY changed direction. The market will only stabilize (bottom) when the YOY approaches zero.

Posted by: 25 to 50 Percent Drop at November 25, 2008 11:29 AM in response to Tuesday Links

Comps for these 2BR's will fall below 500. 700 may have been cheap in September but not post-October. No way.

Posted by: 25 to 50 Percent Drop at November 25, 2008 11:04 AM in response to How to Take Advantage of "Creeped-Out Market"

PT Cruiser. I like. It aint so bad if you find a fixer-upper with no details.

Posted by: 25 to 50 Percent Drop at November 25, 2008 10:57 AM in response to Brooklyn Modern #2: Gut Renovated in Boerum Hill

"...will the same crime wave surge again?"

Absolutely and maybe worse.

Posted by: 25 to 50 Percent Drop at November 25, 2008 10:30 AM in response to Headed Back to the 1970s in Bed Stuy and Beyond?

"Forte, which has cheap two-beds"

For rent or sale and how much?

Posted by: 25 to 50 Percent Drop at November 25, 2008 10:26 AM in response to How to Take Advantage of "Creeped-Out Market"

Re: Murder in Boerum Hill [Brooklyn Eagle]

Wyckoff Gardens? Must be sobering for those who recently purchased near those PJ's.

Posted by: 25 to 50 Percent Drop at November 25, 2008 10:21 AM in response to Tuesday Links

"25 to 50...I think we can all agree that Babs has made far more money than the What on real estate and has done so by correctly celling the market more than a few times. Facts, not emotion."

That was then. This now. The poll asked...

Again, as a seller's cheerleader, Babs is doing her job. It is contrary to what she really thinks. Her purchase in Stuy Heights was well before Black October.

Posted by: 25 to 50 Percent Drop at November 21, 2008 1:35 PM in response to Babs Corcoran "Not Worried About Real Estate Prices"

"...but I would also look at commodoties because every country is reflating. Unless we get price controls in place like the 70's . Though Gold should still do well."

I agree.

Posted by: 25 to 50 Percent Drop at November 21, 2008 1:29 PM in response to Babs Corcoran "Not Worried About Real Estate Prices"

Pure emotion @ 10:54 (daveinbedstuy).

Posted by: 25 to 50 Percent Drop at November 21, 2008 11:01 AM in response to Babs Corcoran "Not Worried About Real Estate Prices"

"Barbs is right cuz prices will go up in the future because the government will keep printing"

No. Hyperinflation will buoy up wages faster than home prices because of residual fear from the collapse and tighter lending standards. Real prices will still fall.

Babs is a living advertisement. Walking propaganda if you will.

Posted by: 25 to 50 Percent Drop at November 21, 2008 10:57 AM in response to Babs Corcoran "Not Worried About Real Estate Prices"

a)

Posted by: 25 to 50 Percent Drop at November 21, 2008 10:51 AM in response to Babs Corcoran "Not Worried About Real Estate Prices"

"That's thirty five thousand dollars."

I like how you spelled that out, like on a bank check. Funny.

Posted by: 25 to 50 Percent Drop at November 21, 2008 10:31 AM in response to Babs Corcoran "Not Worried About Real Estate Prices"