Sebb for every home you show going above asking (I challenge you to show some that have actually closed in the last 30 days). I can show you ten that have had dramatic price cuts and that are still sitting on the market. Brownstoner has a few up today.
Miss Muffett: Let’s get things straight. You are a little bitter. You want prices to drop. Understandable. But you do not want to admit the truth which is, They will not, have not and wont go down more than 10 to 15% overall. Whenever I point this out you refuse to understand it.
I hope you’re right MM. I’d like to be an optimist. Perhaps we’ll bounce back in a year or so, and this will be deemed a normal purge. But I don’t think it will be the end of greed.
Greed may be temporarily stifled, but it will worm/gnaw it’s way back into the system given time, creativity and well, greed. The creeps won’t quit, they’ll just find another loop hole and dream up some new and ridiculous ‘offering’ to sell.
Sebb – you really do seem to be grasping at straws. Even in a great market, a few properties may have problems selling too. The exception does not prove the rule.
Sebb- I don’t understand your post. It just seems that some buyers with prime real estate priced their places accordingly/below market. But let’s talk when these places actually close. It was smart for the one couple to choose the cash offer.
Miss Muffett your right in your concern over the Morgan deal. It almost didn’t go through last night- they had to give the Japanese, Warren Buffet type rates to make this thing happen.
Fools rally at this point – Treasury plan is all over the place, no one knows exactly what will be and unintended consequences not even being contemplated (sort of like how Freddie and Fannie were forced into receivership by dumb treasury plan).
Market is rallying because now the whole world is looking to reinflate banks/markets – but the devil is ultimately in the details – of which no one has a clue. Expect uncertainty to creep back in and wipe away most gains at this point.
sebb you are in a fantasy – prices have already dropped over 10% and the true effect of the market chaos hasnt even begun to be felt.
NYC is essentially a 2 industry town – Wall St and Media – and one of those industries has been decimated –
the idea that nyc RE will only be minimally effected is naive to say the least.
Sebb for every home you show going above asking (I challenge you to show some that have actually closed in the last 30 days). I can show you ten that have had dramatic price cuts and that are still sitting on the market. Brownstoner has a few up today.
I show you homes going for more than asking you refuse to believe it.
Miss Muffett: Let’s get things straight. You are a little bitter. You want prices to drop. Understandable. But you do not want to admit the truth which is, They will not, have not and wont go down more than 10 to 15% overall. Whenever I point this out you refuse to understand it.
I hope you’re right MM. I’d like to be an optimist. Perhaps we’ll bounce back in a year or so, and this will be deemed a normal purge. But I don’t think it will be the end of greed.
Greed may be temporarily stifled, but it will worm/gnaw it’s way back into the system given time, creativity and well, greed. The creeps won’t quit, they’ll just find another loop hole and dream up some new and ridiculous ‘offering’ to sell.
[signed, yours in pinching the pennies]
Sebb – you really do seem to be grasping at straws. Even in a great market, a few properties may have problems selling too. The exception does not prove the rule.
Sebb- I don’t understand your post. It just seems that some buyers with prime real estate priced their places accordingly/below market. But let’s talk when these places actually close. It was smart for the one couple to choose the cash offer.
Miss Muffett your right in your concern over the Morgan deal. It almost didn’t go through last night- they had to give the Japanese, Warren Buffet type rates to make this thing happen.
Fools rally at this point – Treasury plan is all over the place, no one knows exactly what will be and unintended consequences not even being contemplated (sort of like how Freddie and Fannie were forced into receivership by dumb treasury plan).
Market is rallying because now the whole world is looking to reinflate banks/markets – but the devil is ultimately in the details – of which no one has a clue. Expect uncertainty to creep back in and wipe away most gains at this point.