NYC Real Estate Market 'Most Challenged'
“When we look at New York City, we look at a price-income ratio that historically has been four times income, versus three times nationwide… If you want simply to get back to the median, it would be a 46% correction…If I had to pick one market in the country with the most challenge and the…
“When we look at New York City, we look at a price-income ratio that historically has been four times income, versus three times nationwide… If you want simply to get back to the median, it would be a 46% correction…If I had to pick one market in the country with the most challenge and the most substantive rate of decline [ahead], it’s New York City. It has the greatest number of job losses among the higher earners.” — Ivy Zelman, a former Credit Suisse analyst, in Barron’s via Curbed.
DIBS, do you really work front office at a hedge fund? It’s hard for me to reconcile your comments with what’s going on in the market.
4% skittle credit.
***Bid half off peak comps***
Yes….Bid half (or 76%) off peak comps and continue renting
“The Obama administration, which says it doesn’t want to nationalize U.S. banks…”
He also said, during the TARP debate, that we weren’t going to write a blank check [“include bonuses here”]. How’d that work out?
***Bid half off peak comps***
“Damn wish I had caught Frontline. how did I miss that??”
Here you can watch it with the rest of the retards!
http://www.pbs.org/wgbh/pages/frontline/story/2009/02/banking-at-the-brink.html
The What
Someday this war is gonna end..
***Bid 76% off peak comps***
What’s going on BHO???? You can’t get anything at 50% off?? Team Bear blinks.
http://www.pbs.org/wgbh/pages/frontline/
program title
Inside the Meltdown
“Leslie Norton is a good friend of mine.”
Did ya read the article? With friends like that (ratting out the MAB) who needs enemies?
***Bid 46% off peak comps***
Damn wish I had caught Frontline. how did I miss that??
Is Barron’s a good read for a total newbie like me? I’ve been thinking about testing the waters of the stock market a little, just for the hell of it. I like studying and learning new things and I think it’s time for me to indulge my business jones.