Babs Corcoran "Not Worried About Real Estate Prices"
She’s not worried at all, in fact. That’s what she told AMNY in an interview. Also, her advice: buy now. “Real estate will be more expensive once again, and everyone will look back and say, ‘Why didn’t I buy then?’ Because the truth of the matter is these are the good ol’ days everybody dreams…
She’s not worried at all, in fact. That’s what she told AMNY in an interview. Also, her advice: buy now. “Real estate will be more expensive once again, and everyone will look back and say, ‘Why didn’t I buy then?’ Because the truth of the matter is these are the good ol’ days everybody dreams about.”
I was trying to look up a quote by Mark Twain about real estate and found these instead:
What we call real estate – the solid ground to build a house on – is the broad foundation on which nearly all the guilt of this world rests.
– Nathaniel Hawthorne
In a real estate man’s eye, the most expensive part of the city is where he has a house to sell
-Will Rogers
Anybody remember the Mark Twain one?
Nice to meet you too Whuh. I always hold What spinoffs in high regard. Go screw.
Sorry to be late back to the party. Just had lunch at La Grenouille.
Fox reports, “Henhouse is secure.”
This is the new Kool-Aid–trying to convince potential buyers that NOW IS THE TIME!! Buy now or be forever priced out when prices start to rise soon!! Simply ridiculous.
z that is too funny:
“i am shocked — shocked! — that a prominent broker remains openly upbeat about the housing market”.
nyc87: we cannot agree more; does she think folks are stupid? Absolute rubbish Babs! Wake up femme.
“Well, prices have NOT come down. Barbara Corcoran is full of s*#t. Most people who actually follow the market can see this. A 10-20% price cut over a ridiculously inflated asking price IS NOT equivalent to prices coming down. NYC still has a ways to go before it’s the “good ol’ days everyone dreams about.” People are not that naive”.
While everyone is talking about how formerly wealthy grandparents are no longer able to subsidize private school tuitions, no one is talking about how probably half of all NYC sales of coops, condos, and houses have been facilitated by the same formerly wealthy segment. No more gifts of $50-100K for downpayments. That will put a real crimp in sales — one that has not been felt at all yet!
Mr. What I think I have the best track record of any person I have seen on TV or other. I have called this market to the tee. You are not understanding my point.
Look when the fed took worthless securities on their balance sheet they did not need to borrow for this. That is printing becauSe they essentially are giving money in exchange for worthless securities. That is printing or monetization. The feds balance sheet is over 2 trillion. Tell me what those securities are worth now? With deflation killing everything the fed has just taken worthless paper and made them into dollars. They don’t need to borrow to put things on their balance sheet. They exchange US dollars for anything they think has value. Bear Stearns Super Subprime CDO’s based on crazy models will never be worth anything.. So in fact they have printed to take these securities. It is the same thing as buying our government bonds. Which You write is a flight to quality and I too believe this ,but don’t underestimate the governments role in this.. Either way they are printing.
“25 to 50…I think we can all agree that Babs has made far more money than the What on real estate and has done so by correctly celling the market more than a few times. Facts, not emotion.”
That was then. This now. The poll asked…
Again, as a seller’s cheerleader, Babs is doing her job. It is contrary to what she really thinks. Her purchase in Stuy Heights was well before Black October.
“…but I would also look at commodoties because every country is reflating. Unless we get price controls in place like the 70’s . Though Gold should still do well.”
I agree.