Case-Shiller: November Crappiest Month Ever
Prices for homes in the New York area declined at a faster rate in November than in any other month on record. According to the S&P/Case-Shiller Index, properties within a 50-mile radius of the Big Apple declined 1.6 percent between October and November and 8.6 percent year-over-year. The news wasn’t all bad though: New York…

Prices for homes in the New York area declined at a faster rate in November than in any other month on record. According to the S&P/Case-Shiller Index, properties within a 50-mile radius of the Big Apple declined 1.6 percent between October and November and 8.6 percent year-over-year. The news wasn’t all bad though: New York prices are still up 87 percent since the index started in 2000. New York also had company in the misery department: Atlanta, Boston, Charlotte, Chicago, Dallas, Portland and Seattle all had their worst months ever.
City Sees Record Home Price Drop [The Real Deal]
Home Prices Fall at Record Pace [CNN]
NY Home$ in Record Plunge [NY Post]
Home Price Index Fell Again in Nov. [NY Times]
“Rather than slinging pithy remarks back and forth, can we have a debate?”
Yeah, you’re right Benson. My last comment was more for fun (the whole $.02 thing, I just couldn’t resist). Your comment was very intelligent and respectful. But I don’t know if I have time for a statistical laden debate. But I’ll try. Maybe tonight.
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“The pleasure principle is just too intense.”
From a psychological standpoint this makes you a sadist.
What…I told you on the open thread that you bring up the race crap, not Jon and everybody is tired of it.
Take it to curbed or somewhere where you can easily incite the pseudo-intellectual loons like yourself.
We’re all tired of it here.
Go have a talk with the guy at the bakery if you’re so worked up about it. Maybe you’ll get a baseball bat to the head down there.
BHO;
Rather than slinging pithy remarks back and forth, can we have a debate?
Do you have any statistics that the vacancy rate in NYC (of both owned and rented units) is climbing? Can you please present these statistics, and their sources?
“The What started the Case-Killa Index???!!! Yo What! Why are you so modest? You gotta tell me these things.”
Yep it’s my fault.
Hey that a look at this story…
This is one of the main reason I wage war with you MOFO because Covert Class/Race warfare if uncheck can lead to some bad things. Jon you fit into the same mode as the Assheads and I wish I can see him on the street! I think his business gets slammed for this!
Shame, Shame, Shame:
Racist Cookies in
‘Honor’ of Barack Obama
http://www.myfoxny.com/dpp/news/090122_Racist_Cookies_in_Honor_of_Barack_Obama
MYFOXNY.COM – “Shocking,” “appalling,” and “racist”: These are just some of the words used to describe what’s for sale at a well-known bakery in Greenwich Village. While much of America celebrated Barack Obama’s inauguration, Fox 5’s Arnold Diaz found that this bakery marked the occasion with a controversial cookie that the owner calls a “drunken negro face.” Watch Arnold’s report, read his blog, and then comment on the story.
This is why The What exists…
The What
Someday this war is gonna end…
“My two cents!”
I wouldn’t give you a red cent for that argument. Deny inventory all you want. Conversions, rather than land development, count. And Wall St can now be named after the Berlin Wall.
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I agree with Benson. Do I have to pick an outfit for team Bear or team Bull? I feel a bit boring wearing the same team Reason sweater.
I just wanted to add another penny to your 2 cents: although we didn’t see the extreme madness in lending or speculating in NYC that occurred in Miami or Las Vegas, to name 2 stupid markets, it did happen in pockets. The post above about the Cherry Hill condos made me roll my eyes inward. Crappy layouts, ridiculous prices. It’s hard to believe they really listed that converted 1 bedroom plus basement over a million dollars.
“The two of you wouldn’t have anything that you could even post were it not for what you take from the What.”
The What started the Case-Killa Index???!!! Yo What! Why are you so modest? You gotta tell me these things.
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“This is good news for the NYC economy.”
And good news must be celebrated by those who think this is good news.
“It’s all about moving forward now to diversify our economy. Not talking endlessly about how it’s the freakin end of the world. We know…things suck. Talking about the end of Wall Street is so 2008.”
We cannot move forward until we take our proverbial medicine. You cannot solve a problem until the problem is recognized and defined. People like dave, sebb and others DO NOT know that things suck. And people on Wall St and in Wasington do not want to the losses properly accounted for. That’s part of the problem statement. We’re still stuck in 2008.
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