How Bad Could It Get?
“Mr. [John Tepper] Marlin (former Chief Economist for the City Comptroller’s Office) expects that there will be more defaults on buildings as condominium and co-op owners fail to pay their common charges, and also more sales of foreclosed properties. Rents will continue to dip. There will be longer lines at the grocery store, because fewer…
“Mr. [John Tepper] Marlin (former Chief Economist for the City Comptroller’s Office) expects that there will be more defaults on buildings as condominium and co-op owners fail to pay their common charges, and also more sales of foreclosed properties. Rents will continue to dip. There will be longer lines at the grocery store, because fewer people will eat out. And he worries about unrest, citing hard-hit Iceland as a recent example. I’m concerned about people being so desperate that they lose the fear of losing their own lives and they become so desperate that they’re willing to endanger other people’s lives, he said.” — NY Times
I was just there greenwood. I usually go once a week. It’s open for member lunch.
ENY- I do understand why journalists write what they do- but I still believe in fair and balanced reporting- something which we haven’t seen in a very long time. I think the media takes too much on itself- they’re spinmeisters, not reporters. Add in the influence of the internet, bloggers, etc- all we’ve got is a mass of information, unfiltered and often unchecked for facts.
I think people are hungry for real news not shrieks of doomsday- what good is that? Do they expect us to all cut our throats? Of course the pubic responds- but they owuld respond to stuff besides just doom and gloom. In fact they’d be thrilled to read some positive news for a change.
I admit to a bit of hyperbole about why newspapers are in trouble- but my point basically is still the same. How about writing more about solutions instead of only problems?
Far be it from me to give the What ammo, but the Rainbow Room isn’t open for lunch.
“I was at lunch at the Rainbow Room, What.”
Lunch is for wimps.
***Bid half off dave’s comp***
Better tell that to all the buyers, MaplewoodGuy. See last weeek’s biggest sales^^^^^^^^^^^
Can’t you understand that crime and back in the 70s scenarios have nothing to do with fair (see non-inflated) real estate?
Independently of whether there will be crackheads, and abandoned park slope brownstones, the bubble is over and buying anything at the prices posted by the brownstoner is foolish.
Hey BHO have you noticed that Dave is M.I.A and I don’t mean “Paper Planes” missing!
Right now his Hedge Fund got caught Offsides in some big assed trade and trying to liquidate their positions right now but this Asshead will come back and say “every thing is OK”, NOT!!!
I was at lunch at the Rainbow Room, What.
I’m interested in your take on the currencies. You don’t seem to understand dollar strength. Buy YCS.
You and cornerbodega should get together and start a hedge fund… Tweedle Dumb and Dumber Partners, LLC.
In case anyone is taking a head count, I care deeply about the crevices in old houses and I have very little money, never did. I wouldn’t say I’m optimistic, but I love NYC
Sorry assheads…we are still long 10 & 30 year treasuries. You know not of what you speak.
Why are all the Team bear Asshats on this threrad and not “Last Weeks Biggest Sales”???????????????????????????????????????????