Wednesday Links

“roubini is always a bear…”

AND PREDOMINANTLY SPOT ON.

> except for during periods of growth.

“kind of how the anon sheep on this blog harp on the flavor du jour and let the commentators do their “thinking” for them.”

KIND OF LIKE THE NY R.E.B., CNBC, THE N.Y.T. AND THE N.A.R. DOES YOUR THINKING FOR YOU. YEAH, WE KNOW EXACTLY WHO YOU ARE – WHAT YOU LOOK LIKE, YOUR ADDRESS, YOUR SS#, ETC. – ALL BECAUSE YOU SIGN “BrooklynLove”. LINK US A PHOTO.

> if you posted consistently under a single distinguishable identifier we’d be able to ascertain your tendencies and discount what you say once reality shakes out and exposes you as a shnook. a proper handle would be “Mouthpiece”.

“I, 5:01, am assuming you are denying a hard landing. I also assume you are the type that makes weak arguments about a soft landing for property values in Brooklyn.”

1. I’m not denying a “hard landing.” I bought my home in 2000 and it’s nearly tripled in vaue since then. Furthermore, I’ve been in Brooklyn my entire life, I like the neighborhood AND my home, and I’m planing on staying for the forseeable future. There may be a hard crash for some, but not for me, pal. You can bet on it.

2. I don’t “[make] weak arguments about a soft landing for property values in Brooklyn” because frankly, I don’t expect any of this stuff to affect me too severly. I’m a well-paid, well-established professional in my field and I’ve done my homework. But I am having a hell of a good time reading all of the vitriolic angst from the posters here.

3. You know what they say about people who “assume.” Only in this instance, you should remove the “me” part and retain the “u.”

And if it doesn’t tank, 4:47?

Thanks for your support. By the time the smoke clears and I count my cash from savings and gold, I’ll take advantage by putting more money down on a cheaper house. I will smother higher interest rates. Cash will be King. The dollar WILL rebound.

What would you do if you lost a significant amount of your equity. Are you hedged elsewhere?

“So The What and the other anon naysayers are recommending “The Lemming” approach to real estate – buy when everyone else is buying.”

You ARE sneaky, Pete. We said nothing of the sort. Please quote an excerpt that supports your point.

Less people are buying, I’ll give you that. But we are far from the scarce buying activity of past bottoms. We are not far enough from the buying frenzy of 2006. A small number of very wealthy individuals or an even larger number of misinformed sheep are still buying at insignificant “discounts”. Your theory is too simplified and your call for bargains premature. You buy when comps stop dropping or if you get a deal where the price is where you predict it to be when the market bottoms (-25 to -50 percent from top).