Quote of the Day
I think we forget, with all of the negative doom and gloom in the media, that many people are still doing well, many people are in jobs that are thriving and, gasp, growing, and many people are doing what they would have been doing had this mess not occured. People are still moving to NYC…
I think we forget, with all of the negative doom and gloom in the media, that many people are still doing well, many people are in jobs that are thriving and, gasp, growing, and many people are doing what they would have been doing had this mess not occured. People are still moving to NYC to follow their dreams, and people will still buy apartments and houses in the neighborhoods they want to buy in. Seems to me that our media’s hyper attention to the minutia of every stock market jiggle, every business decision, and especially every business and personal disaster story, has turned us into a nation of hesitating, reactive, quivering masses of jello. (Continued…)
— by Montrose Morris in Hey, Something Sold!
I’m not saying it’s not bad out there, believe me, I’m experiencing it, as are friends and family. Would that the media, Congress, the SEC and others who are supposed to be watching, had spent as much ink and pixels on preventing what was preventable, instead of wailing that life as we know it is over. It will indeed be interesting to see how that translates to real estate transactions in Brooklyn. I don’t think we are immune, but as we see from the Forum, and from sales, people have bought in this market, and will continue to do so, albeit more slowly.
Just blathering on to basically say, I’m glad this sold, it sold quickly, and let’s keep it going. Good news for buyer, seller, real estate broker, attorneys, movers, handimen and perhaps contractors, decorators, and more.
howdy Sam…
I’ve said it before but for everyone who forgot, my handle “Prodigal Son” has NOTHING to do with me being a religious man, which I am most certainly NOT.
Religion is a huge part of the problem, too.
I don’t blame anything on sinfulness. I’m one sinful SOB. I do blame it on stupidity, which is one thing this country can’t avoid the blame on.
Very true, but on average things are turning to crap.
“Just blathering on to basically say, I’m glad this sold, it sold quickly, and let’s keep it going. Good news for buyer, seller, real estate broker, attorneys, movers, handimen and perhaps contractors, decorators, and more.”
This is good news for existing home owners and their cadre of support, all the lawyers, brokers, attorneys, movers, etc. who have been riding the real estate wave (which now resembles a tsunami, with everyone stuck on the same beach – even if they didn’t contribute to the current crisis).
This is not good news for those of us would-be first time buyers who are STILL marginalized by unrealistic prices. Basically the market has shut out scores of people, with good credit, solid financials and the wisdom to not buy in when prices escalated beyond control. Prices are going to have to come down – interesting that this blog did not pick up any of today’s real estate reports from The New York Times, The Wall Street Journal, Crains reporting on the crash of Manhattan/New York real estate. I don’t want to see the market crash, but I want to see a real correction that reflects the CURRENT credit market and current job and bonus prospects.
As such, I don’t think anyone who contributed to the hype of the past 4-5 years should see a return. On the contrary, as prices come back to earth real estate valuations need to fall, and people who bought high on the speculative bid that it would last forever will feel the pinch just like everyone else.
The ancients always blamed all natural and man-made disasters on sinfulness. Often they resorted to human sacrifice to appease the gods and to try and make up for their many failings such as greediness, sloth, gluttony, drunkardness, and adultry.
It is only human to blame the occurence of bad things -things that we cannot understand entirely like tsunamis and financial meltdowns- on the “sins” of others, as prodigal son does.
The line is usually something like: you have brought these curses down on yourselves for being impure.
The Puritans would agree, so would the ancient Greeks, and the Aztecs. God is offended. Make amends.
I would suggest we throw PS into the Gowanus near the big propeller. Fair?
The original name for the current quagmire in Iraq was apparently:
O p e r a t i o n
I r a q i
L i b e r a t i o n
Nice.
we just had a whole office meeting. there will be no raises this year 🙁 however there will be no lay-offs which eased a lot of peoples minds fer sure. especially mine
*rob*
DIBS, before you throw me out as the resident socialist ( which I’m NOT ) isn’t it close to impossible to not see a connection between gas consumption, consumerism, gluttonous materialism and War?
Just a little?
All the shit we are swimming in right now we brought to ourselves. Though I suffer through it, its hard to feel like a victim.
PS…a bit extreme don’t you think? Actually people like denton who install natural gas guzzling ranges that take up half the kitchen are the reason we are in a recession. We are actually self sufficient in natural gas!!!! We go to war to test out new weapons. Didn’t you know that???
It’s often during recessions that certain people make tons of money. Look at the way Hollywood exploded during the great depression. If you find the right niche, you can really do something.
I’m glad I work in video games (tangentally), an industry which continues to have really solid sales even as more traditional industries plummet. I’m hoping my job will stay stable while housing prices drop, and I can use that combination to buy my first home.