Bank Predicts NYC Market to Fall Another 40 Percent
If a certain bank analyst is to be believed, New York real estate has a long way to go still before reaching bottom. A Time article earlier this week cites a Deutsche Bank report predicting that housing prices in the New York metropolitan area will fall 40 percent from their March levels. The major driver…
If a certain bank analyst is to be believed, New York real estate has a long way to go still before reaching bottom. A Time article earlier this week cites a Deutsche Bank report predicting that housing prices in the New York metropolitan area will fall 40 percent from their March levels. The major driver of the bank’s estimate is an affordability index that shows New York is still relatively a very pricey place to shack up.
New York Home Prices Forecast to Drop 40% [Time]
Photo by tomodea
LOL, plenty of panic posts by the bulls. Hey whatever helps you get by 😉 Hey DB go back to Germany! Coincidentally, this is almost identical to reports by GS, T2 et al… Always a small handful of fools all the way to the end
What about Tokyo Wonton?
Property price fluctuations in New York metro area shouldn’t be compared to U.S. prices, but to other international cities.
New York’s real estate market should be looked at alongside its true twin cities like London and Hong Kong. Actually, Hong Kong’s property market pretty closely tracks New York’s and vice versa. Their movements since the Lehman collapse have been more or less the same–a 15-20% drop at the end of 2008, followed by slight uptick and stronger sales in spring 2009.
Jeez life goes on! those were the days!!
and that’s all i have to contribute to this conversation
oh – and Deutsche Bank employees oodles of hot british women. lots of eye candy coming in and out of 60 wall.
I make money from people involved in things they dont understand all day long. You go drink youre kool aid and I am going to have my turkey club
I’d like to see rebuttal of Boerum Hill’s observations.
And hannible’s creepy uncle.
Well, he has successfully killed this thread. Perhaps that was his goal.
Or worse, 11217. brickoven is obviously cornerbodega’s mentally challenged brother.