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JB, that’s true for tri-state area. the 3 pillar industries of the area are (telecom, pharma, banks). outside of this area, much less so hence they didn’t get impact of the TARP and are way worst off
quote:
Rob, in this area, Wall St is the cow that many of us are sucking on for the milk / cheese / $$$$
but most of us are not. they are also the reason why milk and cheese is so expensive to begin with these days!!! i mean i do understand that finance/wall street is a huge part of nyc’s economy, but it still sucks cuz they make it so expensive. grrrrrr.
“there’s only two economies that apparently matter in this world. wall street and the sex trade :-/ screw everyone else who doesn’t fit into those ridiculous worlds”
No need to “screw everyone else.” Everyone is already screwed by one or both of those industries.
When has real estate in NYC EVER tracked inflation??? NEVER.
You need to get a grip on what makes this market different in both good times and bad.
Your steadfast obsession with 10X rents is an example of how you clearly are unable to think outside the box and, in fact, face reality, even when it stares you in the face for years!!!!!!
is it true that Strong credit worthy individuals and businesses are NOT able to get credit from banks? I have personal and recent experience indicating that’s not true
JB, that’s true for tri-state area. the 3 pillar industries of the area are (telecom, pharma, banks). outside of this area, much less so hence they didn’t get impact of the TARP and are way worst off
quote:
Rob, in this area, Wall St is the cow that many of us are sucking on for the milk / cheese / $$$$
but most of us are not. they are also the reason why milk and cheese is so expensive to begin with these days!!! i mean i do understand that finance/wall street is a huge part of nyc’s economy, but it still sucks cuz they make it so expensive. grrrrrr.
but whatever i am trying not to get angry today.
*rob*
Your late to that one, PS. Subject of much theorizing and a suspected gaffe about a year and a half ago.
“there’s only two economies that apparently matter in this world. wall street and the sex trade :-/ screw everyone else who doesn’t fit into those ridiculous worlds”
No need to “screw everyone else.” Everyone is already screwed by one or both of those industries.
“Millions “feed” off wall street, jessi, millions; including many from the middle class.”
I know it’s certainly the case in NYC with stuff like car service and dining, but what about outside of the city?
BHO is starting to sound suspiciously like The What.
‘Millions “feed” off wall street, jessi, millions; including many from the middle class.’
lol – if that helps you sleep at night!!
When has real estate in NYC EVER tracked inflation??? NEVER.
You need to get a grip on what makes this market different in both good times and bad.
Your steadfast obsession with 10X rents is an example of how you clearly are unable to think outside the box and, in fact, face reality, even when it stares you in the face for years!!!!!!
**I pity the homeless**
is it true that Strong credit worthy individuals and businesses are NOT able to get credit from banks? I have personal and recent experience indicating that’s not true