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Your Next Project Starts with Brownstoner
So given the recent crime wave in Bk Hts because of open doors we can expect real estate there to tank?
And gem, Legion’s a doctor so he’ll be there.
Gem, I really think if you can post in the OT, you can join us at Montero’s tonight. Non-alcoholic beverages of your choosing on me.
“I’m sure DIBS wouldn’t be happy if a crime wave happened in Stuy Heights and people were cheerleading so they could scoop up cheap realestate”
Yeah, cause he’s the one the shitty thing happens to. So real estate prices go down because of it. What’s wrong with some other guy coming in and buying cheap? “Sorry dude, sucks to be you, but this is cheap and I gotta get me some!!!”
By dirty_hipster on March 11, 2011 11:22 AM
I’m sure DIBS wouldn’t be happy if a crime wave happened in Stuy Heights and people were cheerleading so they could scoop up cheap realestate
It did in the 70s and 80s…people did scoop up properties then. I wish i had been one of them.
Watch out for Willaimsburg, it’s next!!!
Scott – try a local real estate office or bank. I just had something notarized 2 days ago. I was suprised, the going rate is still $2.00.
If I were walking to a lunch meeting and somebody bombed St patrick’s Cathedral or some other landmark as I was walking by, I’d immediately call back to the office and tell them to short the market.
I’m sure DIBS wouldn’t be happy if a crime wave happened in Stuy Heights and people were cheerleading so they could scoop up cheap realestate
JB, there is no absolute frame of reference in money. It’s all about comparative advantage, all the time. Cash isn’t neutral, it’s cash, it’s an asset whose value fluctuates against other assets all the time.
Long winded way of saying there is no difference between trading out of equities into cash and out of cash into equities. It’s moving one asset to another in reaction to an event. There is no neutral position.