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]
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How are you guys able to engage brickover? It’s like trying to talk quantum physics with Corky from Life Goes on.
Too many of these posters don’t understand that, Boerum Hill.
WOW, two people tell you you are wrong yet you continue to define speculation out of context. Really, really dumb.
What, only a jackass (like brickoven) would make a speculative bet on property based on the past performance of the price.
You know better.
I see several post commenting on the tripling of prices over 10 years. While price/rent ratio, price/income ratio and affordability are certainly key metrics to evaluate how much prices will decline(and I am in the camp that believes prices will continue to decline), I don’t think you can leave out other factors like quality of life that determine buyers and sellers choices. I moved to Brooklyn in 1982 and have lived in several neighborhoods (Boerum Hill, Prospect Heights, Park Slope, Brooklyn Heights, Carroll Gardens + back to Boerum Hill). The change in some of these, and other Brownstone Brooklyn neigborhoods, has been remarkable in terms if added amenities (restaurants + entertainment options) and reduced crime. That is clearly a factor in the price increases over the past 10 years.
The process of thinking or meditating on a subject; A judgment or conclusion reached by speculating; An investment involving higher than normal risk in order to obtain a higher than normal return
en.wiktionary.org/wiki/speculation
“The past price performance has nothing to do with speculation.”
Wow…. You’re a fucking Retard!
The What (Oh man..)
Someday this war is gonna end…
I give up. You’re just too thick headed to understand. The past price performance has nothing to do with speculation.
brickover, your definition is incorrect.
Buying anything that appreciates 400 percent in 10 years is by definittion specualtion.