what's Profile
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Author's Posts
October 29, 2008
This is a heathy housing market, NOT!
This from Standard & Poor's Case-Shiller Home Price Indices, the leading measure of U.S. home prices.
Once again, the indices have set new records, with annual declines of 17.7% and 16.6%, respectively. However, the acceleration in decline was only moderate in August. The July data reported annual declines of 17.5% and 16.3%, respectively.
Taken from MISH'S
Global Economic
Trend Analysis
October 28, 2008
Bruce Ratner explored Nets sale!
This is the monster story of the day!
http://tinyurl.com/6xow8n
New Jersey Nets principal owner Bruce Ratner met with a group of investors within the past year about possibly selling control of the basketball operations, the Daily News has learned.
One of the investors, who did not want to be identified, said that Ratner met with investors because the Nets were "hemorrhaging dollars." The deal would not have included the Atlantic Yards project, a $3.5 billion sports arena, residential and business complex in downtown Brooklyn.
I hate when I'm right and you do too..
October 27, 2008
Are you still in denial about the implosion of the Mutant Asset Bubble?
The world stock markets are crashing and we are on borrowed time.
RIP Mutant Asset Bubble..
October 24, 2008
Oh no.. World markets collapse..
This has been the worst week for world in years and today the DOW is going to get creamed! Do believe now that Real Estate prices will hold up? I just want to thanks for nothing.
RIP Mutant Asset Bubble...
http://www.bloomberg.com/
October 23, 2008
The prefect financial storm has hit land..
For years people took great risk to become part of the Mutant Asset Bubble and now everything is falling apart. We are on the eve of the biggest financial collapse in American history.
October 15, 2008
The real end of the world party...
I hope the good folks of Brownstoner have a great time..
October 14, 2008
Did someone say "Newark Nets"?
Economy, uncertain financing delay plans for Brooklyn arena
http://sports.espn.go.com/nba/news/story?id=3643309
"Ratner is heavily dependent on a pending federal decision that could determine whether tax-exempt bonds can be used to finance the $950 million arena. But even if the bonds become available, the seized-up credit market could make it impossible to attract investors to the arena, financial experts say."
October 13, 2008
The last hurrah..
Fed Releases Flood of Dollars, Market Rates Fall
http://www.bloomberg.com/apps/news?pid=20601087&sid=a4gDtT5Ja69A&refer=home
Oct. 13 (Bloomberg) -- The Federal Reserve led an unprecedented push by central banks to flood the financial system with dollars, backing up government efforts to restore confidence and helping to drive down money-market rates.
and..
Brown Uses Control of British Banks to Boost Lending (Update2)
http://www.bloomberg.com/apps/news?pid=20601102&sid=a1s9Eh7IXstI&refer=uk
Oct. 13 (Bloomberg) -- Prime Minister Gordon Brown will use his government's control over two of the U.K.'s largest banks to cut the price of loans to small businesses and homeowners and curb the pay of directors.
One big mash up! Save the Mutant Asset Bubble..
Picture from Mish..
Author's Comments
What will happen when China starts chocking on that paper?
What will happen when not if China dumps?
What will happen when the Chine "Dollar Recycle Operation" shuts down?
Here is the Baltic Dry Shipping Rates.
http://www.dryships.com/index.cfm?get=report
You take a look on this chart and notice the correlation between this chart and the implosion of the Mutant Asset Bubble. Most of the Charts are now broken and this will have a devestaing effect of Dollar recycling.
And...
Chinese provinces try to limit layoffs
BEIJING (AP) — Two Chinese provinces are trying to deter companies from laying off large numbers of workers as they struggle to limit the fallout from the global financial crisis.
One of the country's richest and most developed provinces, Shandong, is attempting to enforce a local order that a company must go through the government if it wants to lay off more than 40 employees, an official said Tuesday.
Companies are closing factories and walking away from fulfilling orders! This will be the death of this crap called The Mutant Asset Bubble. Say hello to 14% interest rates...
Dave=POOWED
The What
Someday this war is gonna end...
Posted by: what at November 18, 2008 10:29 AM in response to The Death Of The Dollar Has Been Greatly Exaggerated
"Speaking of which I have to go back to my job hunting."
Oh BTW Cobberhiller Temping is the way to go! No BS most companies are looking to reduce cost and if can work without benefits then you will be OK. Give a try..
The What
someday this war is gonn end...
Posted by: what at November 14, 2008 1:44 PM in response to Citibank RIP...
"Hi What! What are you reading about Citi...I was looking for any/something talking about this."
Hi Cobberhiller how are you doing?
Well ole Citibank is swirling the bowl! They are hiding about a trillion dollars in loses. I don't think there is any cash to help them and Jan 09 can't get here fast enough!
This Christmas shopping season is gonna suck-ass and with Circuit City living on borrowed time, next year is gonna to be bad...
The What
Someday this war is gonna end...
Posted by: what at November 14, 2008 1:42 PM in response to Citibank RIP...
"Speaking for myself, I thought you were a fake poster - a regular hiding behind a fake name to harrass What."
Nope Cobberhiller it's DIBS! There was two comments that confirmed it.
The What
Someday this war is gonna end..
Hey Dave I'm still waiting on the Hedge Fund comments from you...
Posted by: what at November 12, 2008 1:28 PM in response to Just smile and wave boys, Smile and wave.....
"Not to be a hater Dave, but didn't you used to waste your time signing in and out as Bold Type Guest?"
Darkstar I owe you a debt of gratitude. Thank you for point that out and thanks you (NO BS).
Dave you snitched on yourself with the "your sister" and "Reach around" comments. You have been outed and give it a rest..
The What
Someday this war is gonna end...
Posted by: what at November 12, 2008 1:25 PM in response to Just smile and wave boys, Smile and wave.....
"What you are the stupidest motherfucker that I've ever come across."
Second! You are number one Darkshit!
" Real estate is not just the shitty two family house you rent in Lodi, New Jersey. It's also the land underneath the house. It also happens to be the shitty office you work from in Hackensack, and the land underneath that. If Real Estate were "done", you, your mom (who lives upstairs from you, and from whom you rent your apartment) and everyone else would be living in caves."
Well mom gives me a great rate!
"Real estate is not done, nor is it even close. The last time there was a real estate crash, it recovered five years later and increased to 200% of where it was before. Two years on, we still have no real estate crash in New York."
I think I can! I think I can! I think I can! I think I can! I think I can! I think I can! I think I can!I think I can! There is no place like home! There is no place like home! There is no place like home! There is no place like home! There is no place like home! There is no place like home!
"I know that two family homes in Lodi have dropped 30% in value, but maybe that wouldn't have been so bad if your mom handn't taken out a HELOC so that the two of you could take that cruise to Bermuda together on Carnival with the proceeds."
I like hitting your Mom better Darkshit. I'm into the "Granny" thing you know. Maybe I will get the sister you never had...
The What (Where in the fuck these people come from?)
Someday this war is gonna end..
Posted by: what at November 12, 2008 12:49 PM in response to Just smile and wave boys, Smile and wave.....
"this AIG crap makes my f'in blood boil!!!"
150 Billion AIG!
145 Billion Fannie and Freddie!
29 Billion Bear Sterns!
45 Billion Lehman Brothers!
850 Billion Congress Taxslave hijack!
GOD knows how much Iraq and Afghanistan!
The What being right, priceless..
The What
Someday this war is gonna end..
Posted by: what at November 12, 2008 12:44 PM in response to Just smile and wave boys, Smile and wave.....
"I'm dizzy watching all the crap people are sneaking through - this Federal Tax law thing has got me really pissed off. This $140 BILLION that's been slipped through to banks? WTF. How can they do that?"
Don't forget where you live, this is America!
Bloomberg Sues Fed to Force Disclosure of Collateral (Update1)
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKr.oY2YKc2g
``The American taxpayer is entitled to know the risks, costs and methodology associated with the unprecedented government bailout of the U.S. financial industry,'' said Matthew Winkler, the editor-in-chief of Bloomberg News, a unit of New York-based Bloomberg LP, in an e-mail.
Remember I said that the Big Boys always win..
The What
Someday this war is gonna end...
Posted by: what at November 11, 2008 11:53 AM in response to The Asshat Weekend Edition.
Hey Cobblehiller Lookie here!
Group Files Lawsuit to Block Extension of Term Limits
http://www.nytimes.com/2008/11/11/nyregion/11termlimits.html?_r=1&ref=nyregion&oref=slogin
Elected officials, aspiring politicians, public interest groups and average citizens who voted to establish term limits in New York in the 1990s filed a federal lawsuit on Monday challenging the constitutionality of a law signed by Mayor Michael R. Bloomberg last week that extended the limit from a maximum of two terms in office to three.
This Asshat needs to go!
The What
Someday this war is gonna end..
Posted by: what at November 11, 2008 10:11 AM in response to The Asshat Weekend Edition.
^^^ Hey Fucknozzle^^ The bullshit is wearing off!!
I'm logging on using this name...
The What
Someday this war is gonna end...
Posted by: what at November 11, 2008 9:16 AM in response to The Asshat Weekend Edition.
"Good morning What, Nothing to add - just hello to you over there!"
What's up? Just a big nothing.. Wake me up when the MAB Dies.
The What
Someday this war is gonna end..
Posted by: what at October 30, 2008 11:45 AM in response to This is a heathy housing market, NOT!
Check this out! The reason I called bullshit on Adam was because most of the insane mortgage products are GONE! Now Adam works for a "Mortgage Banker" huh? Why can you post some of your products here and tell us what you have Adam?
Now Lookie here
"720+ fico 20% down loan amount under 417k.
Vanilla 30 yr Conforming Fannie fixed rates."
What the fuck is this going to buy here Adam??!!!! I tell what, NOTHING, NADA, ZERO.
Most of "Brownstoner Brooklyn" needs Non-conforming Mortgages or Jumbo's.
The only way you are going to get get rates is
1. The Government is making Banks loan money to fucking Asshats to buy over priced real estate.
2. To make sure Josh and Megan can keep that 700k 1 bedroom Condo.
3. Make sure that Asshats like Wasder can stay on the Habitrail and make mortgage payments. Still being a debt slave!
4. Lying scam Assfuck Mortgage Broker, Loan Officers, Real Estate Brokers and Agents can keep the insanity going.
You see Adam if I was you I would've post a rate spread to the forms in a heartbeat but since you have NOTHING, that makes you a scumo fucking asshat.
You got POOWED!
Tell us what you got ADAM!!!!!!
The What
Someday this war is gonna end...
Here why you are at it please read this story. This the most insane period in history!
We Can Keep People in Their Homes
Let lenders profit later for easing terms now.
http://online.wsj.com/article/SB122523972217878309.html?mod=googlenews_wsj
"The world's turned upside down. For generations of Americans, family homes were assets to be bequeathed to our children. Today, instead, we are proposing to leave them billions of dollars in long-term debt issued by the federal government to prop up a housing market gone bad. This is unfair."
By the time this shit is over the United States of America will be fucking Bankrupt!!!
Posted by: what at October 30, 2008 2:42 AM in response to What Mortgage rates are you seeing?
Hey Adam if you got such good rates! Why not post your Matrix and rates sheet on the forum and let everyone see it! And you know why you wont Adam? Because you are a lying Motherfucker!! Thats why! You got OWNED!!!!!!
The What
Someday this war is gonna end...
Posted by: what at October 29, 2008 3:38 PM in response to What Mortgage rates are you seeing?
720+ fico 20% down loan amount under 417k.
Vanilla 30 yr Conforming Fannie fixed rates.
How in the fuck FHA mortgage are going to help people in NEW FUCKING YORK?????!!
"6.125% 1pt
6.375% no points."
RRRIIIGGGHHTTTTTT!!!!!!!!!!!
Hey Adam show me a Good Faith Estimate on some one mortgage you did with their name and info crossed out!
Yeah fucking right!!! You are trying to "bait and switch' the Asshats Adam. I'm a Broker and a loan processor! Most of the Mutant mortgage companies are out of business. GMAC, Chevy chase, Wachovia, WAMU and so fucking on!
"What- My number is online give me a call a let's talk man to man. "
I wouldn't be talking to a man...
Stop fucking lying Adam and stop acting like a pussy because I called you out on you're bullshit!!!
The What
Someday this war is gonna end...
Posted by: what at October 29, 2008 3:36 PM in response to What Mortgage rates are you seeing?
Welcome to now! As the implosion of the Mutant Real Estate Bubble gets underway, House that was built in marginal areas will be abandon by the junior Donald Trumps.
This will have a negative effect on the area causing more people to leave their homes. If a Asshat feel that they house has gone down in price it will be walk away time.
They are bring back the 70's and the 800's back in style. All we need is the Crack, Heroin and cheese lines that was part of bad ole New York.
Like I say "Keep fucking around"
The What
Someday this war is gonna end...
Posted by: what at October 29, 2008 2:32 PM in response to Housing Crisis in Bushwick
Adam you are a lying piece of shit! What are the guidelines for those rates? Is that Jumbo or FHA, HUH? Government loans are the only thing moving right now. Why don't you go scam some old lady into a reverse mortgage!
The What (Yeah I know, you do this for a living) (But not long, Asshat)
Someday this war is gonna end...
Posted by: what at October 29, 2008 2:26 PM in response to What Mortgage rates are you seeing?
"But this time I think the What will be wrong. Don't fight the Fed."
The FED is out of bullets. Take a nice look at this statement "Take a look at China who market is off by 45%! They have US debt and will start dumping it on the market. When that happens fuck the Stock Market, The Bond Market is going to fucking implode!!!"
This is your end game scenario. The Fed will cut 50 basis points, the short bus riders will rejoice and this will set up the mother of all crashes. Watch and see...
The What (END GAME)
Someday this war is gonna end...
Posted by: what at October 29, 2008 9:16 AM in response to DOW UP 800 POINTS. THE WHAT LEAVES TOWN.
That's for fucking up this thread. The NETS is why most f you Assfucks brought into Asshat Hill! Now Ratner was "Backdooring" (Biff loves that) all the time.
I can't wait for the announcement that the NETS are going to NJ.....
That's it good fucking night!!!!
The What (Fuck you)
Someday this war is gonna end...
Posted by: what at October 29, 2008 12:20 AM in response to Bruce Ratner explored Nets sale!
Hiya Assfucks! I have been out all day, working! Yeah I know you find that hard to believe.
I love this fucking moonshot today. The Asshats think that the FED will cut 75 basis points on Thursday. The market will go higher and the mother of all crashes is coming!
Take a look at China who market is off by 45%! They have US debt and will start dumping it on the market. When that happens fuck the Stock Market, The Bond Market is going to fucking implode!!!
I always say "Keep fucking around", Asshats
The What
Someday this war is gonna end...
Posted by: what at October 29, 2008 12:15 AM in response to DOW UP 800 POINTS. THE WHAT LEAVES TOWN.
"Great for me, I love going over to the meadowlands with my son to catch a game. This means I won't have to drive to crime ridden brooklyn to watch the NETS. Great news."
Nope, you will be going here. http://www.prucenter.com/
The Prudential Center, in downtown Newark, NJ, hosts about 200 events a year, including NHL New Jersey Devils hockey, Seton Hall basketball, MISL Ironmen ...
The What
Someday this war is gonna end..
Posted by: what at October 28, 2008 10:14 AM in response to Bruce Ratner explored Nets sale!
"Good morning What, Do you ever consider your own blog or is that not the point? You have a lot to say about Brooklyn politics - and not just the MAB/MREB"
Naw Cobbi, I have a punchbowl to take a dump in.
"Tell me more about this. Does this mean the Nets arent coming to Brooklyn?"
Read the story and my posts on this subject.
I swear to GOD I think you are Wasder, Darkstar and nybk01 dust up! OK listen up! If you have a "problem" with me then do not engage me and stay the fuck out of my pond! You got that? Good, now fuck off!!!
I will not tolerate any more whinny Asshats....
The What
Someday this war is gonna end...
Posted by: what at October 28, 2008 10:13 AM in response to Bruce Ratner explored Nets sale!
That was the implosion of the Mutant Asset Bubble. No go back to sleep.
The What
Someday this war is gonna end...
Posted by: what at October 28, 2008 9:13 AM in response to Explosion at 8:50am?
"But I thought the off duty cop didn't shoot? What did you see/hear?"
I don't want to go into details but I was walking from Downtown Lodi when Cop cars was racing toward Fulton St. I didn't see the actual shooting.
See this is good ole New York. You Asshats ain't see nothing yet!
The What
Someday this war is gonna end...
Posted by: what at October 27, 2008 5:02 PM in response to Are you still in denial about the implosion of the Mutant Asset Bubble?
I leave and look what happens.
BTW It's crazy down here on Fulton St. Off duty cop shootout. 4 people wounded and suspect is on the loose. I was walking home from Lodi when this happen. Just crazy
The What
Someday this war is gonna end...
Posted by: what at October 27, 2008 4:14 PM in response to Are you still in denial about the implosion of the Mutant Asset Bubble?
My questions:
*Is $519,000 a reasonable current price for a three-story 16.75-wide house?
Hell no.
*How much do you think prices will drop and for how long?
40% to 70%! The market will not return until 2025.
*Can we rent out the top-floor large one-bedroom for $1400?
In the Ghetto with massivve jobs loses, Hell no!
*If I lose my job, can we rent out the owner's 2-bed duplex with yard for $2000 or more? Many thanks for your advice.
See #3..
If you have to ask then it will not work out.
The What
Someday this war is gonna end..
Posted by: what at October 27, 2008 12:37 PM in response to More about Bed-Stuy
"I told you Id get you What. Dont mess with me my friend."
OK, I will say it again, whatever!!!!!!
The What
Someday this war is gonna end...
Posted by: what at October 27, 2008 12:25 PM in response to Are you still in denial about the implosion of the Mutant Asset Bubble?
Whatever
The What
Someday this war is gonna end..
Posted by: what at October 27, 2008 12:16 PM in response to Are you still in denial about the implosion of the Mutant Asset Bubble?
"Good morning What, say are you a Mets fan?!"
Since 1973. I remember running home after school to watch them in the World Series. That damn
Reggie Jackson killed the Mets in that series!
The A's defeated the New York Mets in seven hard-fought games in the World Series. This time, Reggie was not only able to play, but his performance led to his being awarded the Series' Most Valuable Player award.
That''s real New Yorkers do! They root for their teams!!!
The What
Someday this war is gonna end...
Posted by: what at October 27, 2008 11:15 AM in response to Are you still in denial about the implosion of the Mutant Asset Bubble?
"What, in what way is your response to DIBS's question about your Halloween costume "A New York Met swinging a fucking baseball bat on your head!" not a threat of physical harm."
Oh boy here comes the HYPE! OK since you cannot refute any of my posting with any thing of substance you go on the "Oh The What threaten me" and I'm scared .. Oh The What is going to beat me up. Look here you bunch of pussies I'm the lease of your problems. The whole financial world is falling apart and you are still in denial about this! UNFUCKING REAL!
Here this is little diddy of the shape of thing to come.
Tishman Speyer up against residential rout
"The deal for the apartment building owner, one of the largest residential transactions ever, was lauded at the time. But since then, Mr. Speyer has had to write down the value of his investment in Archstone by 25%. What's worse, he now finds himself saddled with a bankrupt partner—Lehman Brothers Holdings—as his firm seeks new capital for the deal. "
This is from curbed.com. They are not in denial..
The What
Someday this war is gonna end...
Posted by: what at October 27, 2008 11:09 AM in response to Are you still in denial about the implosion of the Mutant Asset Bubble?
"For the record, the ALL CAPS post wasn't mine. So, I will repeat my questions, in the event you wish to answer them:"
Maybe a little man from Mars huh?
"What is it, exactly, that you hope to have come out of these "discussions" initiated by your daily postings?"
I'm getting mine "rocks off"!
"What, exactly, is new in your current posting that you haven't posted before (besides a graphic of information that has been readily available in most major print and broadcast media outlets)?"
You are not getting it and if you have a problem with the posts then stay the fuck out of them. I don't remember calling you.
"Feel free to respond or not as you see fit. But I think a bit of careful reading on your part is in order before you go challenging my cognitive skills."
I'm sorry, you need a brain to have cognitive skills..
The What
Someday this war is gonna end....
Posted by: what at October 27, 2008 10:59 AM in response to Are you still in denial about the implosion of the Mutant Asset Bubble?
"Personally, I think having The What on the list is offensive. Don't reward his behavior. In his forum post today he is making physical threats against people.
I'm disgusted.
Posted by: TownhouseLady at October 27, 2008 10:49 AM"
Lies lies lies and more lies. See TL how Bullshit gets started!
The What (TL Fuck off)
Someday this war is gonna end..
Posted by: what at October 27, 2008 10:55 AM in response to Are you still in denial about the implosion of the Mutant Asset Bubble?
Maybe you should stop worrying about us so much.
TownhouseLady you stoop worrying about me.
The What
Someday this war is gonna end..
Posted by: what at October 27, 2008 10:52 AM in response to Are you still in denial about the implosion of the Mutant Asset Bubble?
"What are you going to be for Halloween???"
A New York Met swinging a fucking baseball bat on your head!
The What
Someday this war is gonna end...
Posted by: what at October 27, 2008 10:45 AM in response to Are you still in denial about the implosion of the Mutant Asset Bubble?
"Maybe not for you but people out there are getting mortgages. "
That money is coming strait from the Government.
Dave I putting you on mute. You are still in denial and you look like a fool. even the most hardcore Asshat has come around and I think you are going to get hurt. I hard watching you future melt away in to nothingness...
The What
Someday Dave is gonna end...
Posted by: what at October 27, 2008 10:35 AM in response to Are you still in denial about the implosion of the Mutant Asset Bubble?
"Tellingly, I've been met with silence on his part in response to my questions."
Here you go stupid. I think you need to work on you Cognitive skills!
""STOP POSTING THIS CRAP! THIS FORUM IS TO DISCUSS BROWNSTONES AND HOME RENOVATIONS NOT TO DISCUSS MUTUAL ASSETS."
First unlock your caps, Asshat! Second the Stock Market has plenty to do with "BROWNSTONES AND HOME RENOVATIONS". The credit spigot has been slammed shut!"
The What
Someday this war is gonna end...
Posted by: what at October 27, 2008 10:27 AM in response to Are you still in denial about the implosion of the Mutant Asset Bubble?
"Additionally, there is no longer cheap financing available to speculators so one would have to conclude athat there's both a lower loan-to-value in these purchases and fewer specualtors with shaky finances involved. "
Thanks Dave for the assist. No Mortgages for No one. Values go down. Asshats walk away from house. Values go down. No money for Asshats to buy over value crap. values go down.
See how this works. You see why I post this stuff, the Asshats are still holding out.
The What
Someday this war is gonna end..
Posted by: what at October 27, 2008 10:25 AM in response to Are you still in denial about the implosion of the Mutant Asset Bubble?
"How many of these sales in the new numbers were by regular people?"
Plus what about all of the shadow ROE inventory?? This is a bloodbath and it will take years to fix it.
DIBS is grasping at straws at this point like all of the other Asshats! Denial has turned into fear..
The What (China down -12% today)
Someday this war is gonna end...
Posted by: what at October 27, 2008 10:21 AM in response to Are you still in denial about the implosion of the Mutant Asset Bubble?
"How many months has it been since the What actually added anything new or anything constructive????"
Well at lease I have added something Dave.
"STOP POSTING THIS CRAP! THIS FORUM IS TO DISCUSS BROWNSTONES AND HOME RENOVATIONS NOT TO DISCUSS MUTUAL ASSETS."
First unlock your caps, Asshat! Second the Stock Market has plenty to do with "BROWNSTONES AND HOME RENOVATIONS". The credit spigot has been slammed shut!
"sales of new houses in the U.S.
unexpectedly rose in September from a 17-year low, propelled by a drop in prices ahead of the latest turmoil in financial markets."
Yeah Dave but what about the new homes sales for Nov, Dec and Jan 09?
"This is pretty good news and turned the equity markets around this morning. At the right prices, there seems to be demand."
The "demand" may be there but access to credit is dead! If you are trying to get a Mortgage now, the number better be right.
The What
Someday this war is gonna end...
Posted by: what at October 27, 2008 10:17 AM in response to Are you still in denial about the implosion of the Mutant Asset Bubble?
"ok we get it. theres a serious financial crisis going on. One would have to be an idiot to be in denial. so how about some solutions what? Every solution has a problem, right?"
Whoa nellie! When the MAB was forming no one wanted to address the ramification from the implosion. Now everything is going to hell you want a dialogue on "solutions"?? How about "it's too late"!
"One would have to be an idiot to be in denial"
There are plenty of idiots.
The What
Someday this war is gonna end...
Posted by: what at October 27, 2008 9:52 AM in response to Are you still in denial about the implosion of the Mutant Asset Bubble?
The march of the Asshats has begun.
WALL STREET REFUGEES SET OFF ON STEINBECK-STYLE MIGRATION
http://www.nypost.com/seven/10272008/business/wall_street_refugees_set_off_on_steinbec_135464.htm
"ALBANY - Bankers and brokers looking to escape the financial meltdown are scrambling to relocate their families, possessions and rarified talent far from Wall Street to places such as Florida, Chicago, Milwaukee, Virginia and Asia."
I wonder what is going to happen to the "value" of Brownstone Brooklyn?
"Anyone in that environment, you never know what's going to happen," Lacey said. "There are a lot of good bankers that unfortunately are at the wrong place at the wrong time, especially in New York."
Greed and delusion has turned into fear.
"New York State Comptroller Thomas DiNapoli expects 40,000 Wall Street jobs could be lost by the end of the year. So far he said 13,200 people have lost jobs in New York's financial sector since a year ago."
I think it's more than that!
The What
Someday this war is gonna end...
Posted by: what at October 27, 2008 9:48 AM in response to Are you still in denial about the implosion of the Mutant Asset Bubble?
But I will say one thing LMMFAO! My desk does look like that LMMFAO!!! That picture is funny. Oh well I can poke fun at myself.
The What
Someday this war is gonna end...
Posted by: what at October 24, 2008 11:56 AM in response to The What - Revealed!
"What? What do you think?"
I think you a fucking Asshat.
"I think the time for making fun of The What ended somewhere around DOW 9000"
Ringo, this my entry for "post of the day".
"I think the apartment needs better staging.
Is that a chicken bone on the couch?"
No spare rib bone BRG. Hey BTW BRG how is unemployment treating you? They are trying to legalize prostitution! But I think you smell like sanitation...
Keep it assfuckks, keep it up!
The What
Someday this war is gonna end..
Posted by: what at October 24, 2008 11:50 AM in response to The What - Revealed!
"Oct. 24 (Bloomberg) -- Home resales in the U.S. rose more
than forecast in September, aided by foreclosure-driven declines in prices that made properties more affordable.
Purchases of existing homes jumped 5.5 percent last month to a 5.18 million annual pace, the highest level in a year, the National Association of Realtors said today in Washington. The median price dropped 9 percent.:
RRRRRRRRRRRRRRRRRRRRRRRRRRIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGHHHHHHHHHHHHHHHHHHHHHHHHHHHTTTTTTTTTTTTTTTTTTTTT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The What
Someday this war is gonna end..
I knew someone would post that bullshit....
Posted by: what at October 24, 2008 11:30 AM in response to Oh no.. World markets collapse..
"Why are you routing for the end of the world? You are a lunatic, my dear."
No baby I'm routing for the end of Douchizm. I want all of you assfucks to leave my city or go back to your fucking caves. All Asshats, Hipsters, Douches and Assfucks please get out! Remember when you was saying that bullshit to me well the Ghetto will reclaim it's space.
Don't let the motherfucking door hit you on the way out!!!!
The What
Someday this war is gonna end...
Posted by: what at October 24, 2008 11:15 AM in response to Oh no.. World markets collapse..
"It does look like there will be some combination of Ford, Chrysler & GM. Yes, the current economy is the straw that broke the camels back most of the other straws in the basket can be attributed to the unions."
Hey Dave Shut the fuck up! This whole thing was cause by greed and delusion. Bush and Co. was involved in the greatest assraping in America!
The What
Someday this war is gonna end..
Posted by: what at October 24, 2008 11:09 AM in response to Oh no.. World markets collapse..
"Dave- everyone is hoping for a rally soon. but the job reports and company financials just won't make that possible."
Dave is clapping his but checks saying "please take be back, please take me back, please please".
ROTMMFLMMFAO!!!!!!!!!
The What
Someday this war is gonna end...
Posted by: what at October 24, 2008 10:20 AM in response to Oh no.. World markets collapse..
"I'd rather be in my brownstone in the ghetto than in Lodi, NJ. On top of unemployment I think I'd commit suicide if that was my plight!!"
Hee Hee.. What's wrong Dave? Are you seeing your future swirling down the drain? Remember you are a 52 year old Douche stuck in the Ghetto. you bet went bad and you're fucked. Let's see how "well" you do. You are about to see the Real New York, the one I grew up in. Most of you Asshats are getting Pink Slip today. Clean out your fucking desk and get the fuck out! The powers that be has brought back the 70's and the 80's. Goodbye Asshats don't let the door hit you on the way out.
The What (The King of Asshat Hill)
Someday Dave is gonna end...
Posted by: what at October 24, 2008 10:16 AM in response to Oh no.. World markets collapse..
"Yes, they are pricing in DEPRESSION which, by the way, by definition is not going to happen. That is why we will get a rally soon."
Famous last words.
"The adjusted monetary base has gone through the roof. All this money that's sitting out ther "on hold" is about to go somewhere."
Yeah it does have "somewhere" to go Dave, the black hole.
"Gold is selling off because this is a panick of selling...people are selling everything because of their margin calls. "
No flying Eagle shit! Dave the MOTO...
"Only fools are still getting margin calls in this environment."
Dave=Fool
"None here What."
hey Dave you can join your buds on the unemployment line with your Brownstones in the Ghetto, LMMFAO!!!!
The What
Someday this war is gonna end...
Posted by: what at October 24, 2008 9:57 AM in response to Oh no.. World markets collapse..
"This will be the capitulation in my opinion. The markets are pricing in a severe recession in one fell swoop. Amazing deals on quality companies out there. Once the panick clears it will be evident."
They are pricing in a DEPRESSION!
"I'll tell you the thing that has my attention this beautiful morning - this City Council vote! And Yassky - who I used to like - voted Yes. grumble, grumble, sputter, sputter, GRRRRR....."
I know I know! That was some bullshit! That goes to show you that our "democracy' is bullshit. Money rules the day and I hate Bloomberg now. Maybe this will cause a wave of indignation and they will vote him out!
Hey Dave, is your Hedge Fund still down 3% you lying motherfucker?! I believe all of you Assfucks are getting hit by margin calls! Plus the reason why thing are so cheap is because the Hedge Funds are all dead! At lease you have the "Butternut" to fall back on, NOT!
No ask yourself on question: What will be the impact of the implosion of the Mutant Asset Bubble on Brooklyn Brownstone prices and BTW Atlantic Yards is dead..
The What (I told ya)
Someday this war is gonna end...
Posted by: what at October 24, 2008 9:44 AM in response to Oh no.. World markets collapse..
Responses to Author's Forum Comments
"I don't know why some people are cheering on the end of the world. What has Brownstoner become, a diary for some sleeper cell?"
In case you didn't get the memo, accusing people who disagree with you of being terrorists went out of fashion around 11:00pm, November 4, 2008.
Posted by: northsloperenter at November 18, 2008 6:11 PM in response to The Death Of The Dollar Has Been Greatly Exaggerated
very odd thread
Posted by: donatella at November 18, 2008 9:52 PM in response to The Death Of The Dollar Has Been Greatly Exaggerated
Hi Mopar,
I am responding because as a homeowner in Bushwick and I see what you are talking about. I just started a new company in July called E.A.R. Properties and we are currently managing bank reo assets from Deutsche Bank and many others. However, it does take sometime before the banks get to our company because of bureaucratic red tape. In any event feel free to contact my firm if you need a property management firm to handle any properties.
What we do is secure a property. Repair damages and rent them out until for the bank until the house can be sold. We are also a licensed Real Estate Company. email us at info@earproperties.com
Posted by: EAR at December 1, 2008 8:34 PM in response to Housing Crisis in Bushwick
Interesting, EAR. I don't have any properties that need managing, but there are certainly quite a few in Bushwick that do. I hope these banks get their acts together. It's idiotic to evict tenants and let a property sit empty and deteriorate.
Posted by: mopar at December 14, 2008 1:39 PM in response to Housing Crisis in Bushwick
I still say Vinny "knucklebreakers" is a better choice and a more honest person.
Posted by: hannible at December 14, 2008 9:31 PM in response to Jumbo Mortgages?
Are you saying that I'm not honest? I'm sorry hannible but you have no grounds to insult me. I continue to give free advice on all topics mortgage without sugar coating anything. I think that is as honest as you are going to get.
Posted by: Adam Dahill at December 15, 2008 11:16 AM in response to Jumbo Mortgages?
Anyone does no income check mortgages?
joeny2mo@yahoo.com
Posted by: joeny2mo at December 15, 2008 5:49 PM in response to Jumbo Mortgages?
Anyone does no income check mortgages?
joeny2mo@yahoo.com
Posted by: joeny2mo at December 15, 2008 6:13 PM in response to Jumbo Mortgages?
Adam,
Come on, dude. There's nothing wrong with it, but you're not just giving "free advice."
You're clearly here to try and drum up some business in the slowest housing market in years.
Posted by: IronBalls at December 18, 2008 10:48 AM in response to Jumbo Mortgages?
Please God, let them go to Newark. Stop destroying my neighborhood and make one of the worst intersections in Brooklyn even MORE impassable!
Posted by: yso at January 9, 2009 10:31 AM in response to Did someone say "Newark Nets"?

it's all fun until someone loses an eye...
The What
Someday this war is gonna end..
Posted by: what at December 14, 2008 5:02 PM in response to Jumbo Mortgages?