2009 Predictions and Resolutions?
Anyone have any predictions for the Brooklyn real estate market or renovation resolutions? How about the financial markets in general? As far as the real estate market goes, we’re just hoping that Clinton Hill doesn’t slip too far below 2004 values (where it’s probably pretty close to already); as for renovation, it’s a fair bet…
Anyone have any predictions for the Brooklyn real estate market or renovation resolutions? How about the financial markets in general? As far as the real estate market goes, we’re just hoping that Clinton Hill doesn’t slip too far below 2004 values (where it’s probably pretty close to already); as for renovation, it’s a fair bet that we won’t be moving the kitchen down to the parlor floor in ’09. Others?
And with that:
Happy New Year to All!!! And to All, a Good Night!!!
This year I predict we will not see any My Kitchen’s Easily-Stained White Marble Countertop Is Cooler Than Your Kitchen’s Countertop features…I think I’m pretty safe with that predictions.
As to predicting the decrease in pricetags on houses in FortNYC…I have no idea but fear a bloodbath if the economy eventually collapses…but then nothing will be worth anything except the food we can scrounge…and if that’s the case, it was nice knowing you…
I predict I’m going to convince the husband unit to go for a full renovation of the top floor into a full floor bathroom with multiple tubs for those bubble bath parties we were talking about a week or so ago.
To finance it, we can rent the space out for functions. It just might turn into a recession-proof business!!!
Hahahahahaaa…
PS Apparently TowhouseLady is keeping track…not just the UPS “Man” who knows your guilty pleasures… Now what is TownhouseLady doing in all these poshest of area so late at night… 😉 That points to some other guilty pleasures–Heeheeheeheee
See way above:
“In Brenda’s defense I used to see MANY boxes from HSN and QVC curbside on recycling night in the poshest areas of Brooklyn.
It’s the guilty pleasure only your UPS Man knows about!
Posted by: TownhouseLady at December 31, 2008 11:54 AM”
“…predictions for the Brooklyn real estate market…?”
Multiple lis pendens in “Prime” Clinton Hill.
***Bid half off peak comps***
fsrg,
I do get bonus, not as much as when I was at the bank, just not a high percentage of my overall comp.
I am glad that you know how much I make. I am very good at what I do.
denton : Assault weapons can be bought there are many who are running out to buy them as we speak. the law against them expired a few years ago.
Dave,
How long has Japan been down?
I suppose on a long enough time line we could again have a robust public investment banking system that supports hundreds of thousands of high paying jobs. However, that will not be in the next 5 years. Add to that the reality that the last boom was completely illusory and not “robust” in the post WWII industrial juggernaut way.
I think it was Michael Lewis in his excellent Portfolio article “The End” who said approximately “Meridith Whitney’s call was damaging not because it said that bankers were greedy, it was damaging because it proved that bankers were stupid and incompetent to manage their own money, much less the public’s money.”
A toast to Edward L. Glaeser (with a nod to Sebb for posting).
Good luck to all in 2009.
actually wrks in finance –
You are right – to an extent – this time is different in that this insane bubble will not return anytime soon and the follow-on jobs either BUT Wall Street (i.e. financial services inc. banks) will return as it ALWAYS does just likely not as large or as lucrative.
and BTW if you’re a regulatory attorney on Wall Street the bonus train should be stopping by your station – maybe not to let off millions but if you are any good you should be well well into the six figures
Trust me, Wall Street will reinvent itself. Anyone betting against that is going to turn out VERY wrong. Yes, it’ll take awhile but it WILL happen. The Japanese banks are already plotting the next move.
Dave,
I know that it is said all the time and is wrong 90% of the time, but this time is different. This is the end of publicly held investment banks and the riches that attended their assent. I should know, I worked for one of them before it failed in spectacular fashion. Now, I can get a toaster when I open a Goldman Sachs free checking account. The internet bubble was a disease of the skin, this crisis struck the heart of the American banking system. There are cycles and there are sea changes, this is a meteor hitting the sea and evaporating the water.