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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]


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  1. “I think that most of what I say has an eery reality to it, not a farty smell.” Believe me I understand that you buy your own hype. This has never been in doubt. IMHO you are easily the most egotistical poster on this board.

    Though the farty smell thing in response to my “talking out of the ass” was a nice rejoinder.

  2. I was at Union Hall (briefly) on Saturday night as well. My brother was in town and literally – I kid you not, he lives in Massachusetts and hears about Brooklyn hipsterdom secondhand – wanted to go to a hipster hangout for a few drinks “you know, just to see”. Meanwhile I’m more or less the anti-hipster, suit-wearing thirty something year old working stiff, but I said sure and took him to Union Hall. Of course someone had issued a memo to the entire hipster community announcing either (1) that hipsters may no longer be seen at Union Hall or (2) that hipsters are now so ironic that they dress like preppies without a hint of irony, which is the ultimate irony. I had to tell my brother that our wildlife watching expedition was a failure and go home for big glasses of Jameson (seriously) and Family Guy reruns.

  3. “Did Floyd’s used to be that gay bar called “Friends” I think it was called? Have you lived in BH long enough to remember that place?”

    11217, I’m not sure. I’ve only been in BH just under two years.

  4. “If that quote you cited was QOTD you must believe to an extent that there is something to the ‘we are all talking out of our ass’ aspect of all of this.”

    Bad assumption. I was playing brownstoner’s advocate. I think that most of what I say has an eery reality to it, not a farty smell.

    ***Bid half off peak comps***

  5. ***There is currently no international consensus on how many drinks constitute a “binge,” but the term is often taken to mean consuming 5 or more standard American drinks (male), or 4 or more drinks (female), in about for a typical adult.

    5 drinks…I was off by one…

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