2009 Predictions and Resolutions?
Anyone have any predictions for the Brooklyn real estate market or renovation resolutions? How about the financial markets in general? As far as the real estate market goes, we’re just hoping that Clinton Hill doesn’t slip too far below 2004 values (where it’s probably pretty close to already); as for renovation, it’s a fair bet…
Anyone have any predictions for the Brooklyn real estate market or renovation resolutions? How about the financial markets in general? As far as the real estate market goes, we’re just hoping that Clinton Hill doesn’t slip too far below 2004 values (where it’s probably pretty close to already); as for renovation, it’s a fair bet that we won’t be moving the kitchen down to the parlor floor in ’09. Others?
I predict that Paterson will sidestep both the Kennedies and the Comos and will appoint the congresswoman from upstate as the next NY senator. He would be wise to do so.
Housing will drop and nowhere as much as in the less convenient sectors of Brooklyn where there has been irrational exuberance over the past three yuears. I also think Blago will remain governor of Illinois and that Charlie Rangel will have to step down from the Ways and Means committe chairmanship. I also predict the talk of global warmng will cool off and that everybody is going to want to invest in chinese mutual funds.
feliz ano nuevo!!!
actually…if you actually work in finance then you know the Wall Street jobs will be back. There’s nothing more cyclical than Wall Street.
bayridgegirl,
I don’t have the energy to explain the bonus system to non-wall streeters. I’m a regulatory lawyer anyway, the bonus train doesn’t stop at my station.
If unemployment reaches 10% *for those actively seeking work* things will be quite dire, and humility will return. Things will get hard. As for wall street, like the Boss said about factory jobs in Jersey: “these jobs are going son, and they ain’t coming back.”
Predictions:
Deflation =
Oil reach below $30 relatively soon – then will tick back up 3rd-4th qtr. Gas below $2 for all of 2009.
Real Estate in NYC will get hit hard – close to 20% practical declines (no index B.S. – what you can realistically sell YOUR house for will be close to 20% down from now) – this includes Brownstones in Brooklyn. Market Rate Rents will also decline in practical terms (i.e. free rent and other perks must be figured in) upwards of 30% in “luxury” buildings
Bruce Ratner will end 2009 with additional pledges of DIRECT Government subsidy and by 4th qtr some part of AY will be in construction.
Caroline Kennedy will go back to where she came from
Crime will remain at all time lows (the 5% increase in murders for this year is off the all time lowest EVER) and ARTICLES and PREDICTIONS of a return to the 80’s crime rate will be at an all time high.
Bernie Madoff will NOT be in prison/jail at all in 2009
and for my bold prediction of the day – Cuomo to be appointed senator and Tom Suozzi replaces him at AGs office.
HEY, the ‘spelling’ resolution starts tomorrow!
http://en.wikipedia.org/wiki/Artic_(vodka)
Where’s the Artic????
“Humility will creep back into the American lexicon.”
That’s not a prediction..that’s wishful thinking.
Nothing would give me more joy than seeing humility in people!
‘Actually..finance’, you’re wanted in the “National Prices Fall 18%, New York Further to Go” Thread. We were just going to ship you off to the Artic 🙂
Humility will creep back into the American lexicon.
Ooooh, MM, that sounds like so much fun. Maybe we can see some of your designs when you get the web sites up?