Open House Picks: Six Months Later
Comment: Mixed bag. Open House Picks 8/22/08 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Mixed bag.
Open House Picks 8/22/08 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
Where r u IB???
Come on, dude, I’m not that bizarre. Of course, like most people, I get carried away every once in while.
Funny that you say you’re focus is Asia and you work nights. I’m actually in Asia right now. I couldn’t sleep and wasted half the night blogging with you guys.
But I just picked up an awesome street breakfast. It’s a lightly fried pancake wrapped like a burrito with scrambled egg and a sweet red sauce. I’m washing it down with a hot almond soy milk. For the equivalent of about two bucks it was an excellent breakfast.
WOW CORNERBODEGA…YOU REALLY ARE VERY DENSE AREN’T YOU!!!!!!!!! SIMPLY AMAZING THAT YOU CAN’T EVEN READ THE POSTS UP ABOVE.
Bed Stuy isn’t low end Brooklyn. Not the part DIBS lives in. It’s kind of between, like Clinton Hill.
11217, I don’t know either. But I think it’s very interesting that we could be just as far along as LA is, but nobody is recognizing it. According to the Case Schiller index, the peak in NYC was mid-2006, same as everywhere else.
Someone else above or in another thread today made the comment that during the last downturn, some areas of Manhattan flatlined but never dipped. I wouldn’t be the least bit surprised if this is what happens in parts of “prime” Brooklyn. Some people on here just don’t realize how elite these places have become. They’re still thinking of Brooklyn as it was in the 70s.
I’m predicting 20 percent down prime, 65 percent down in subprime — max. Corner, BHO, Miss Muffet — they’re not getting their Brooklyn Heights mansions at Ocean Hill prices. I think that’s pretty bearish of me.
I don’t see Williamsburg townhouses dropping even $1. What do you think?
Back to the origin of this one sided “debate”. Dibs, not a single person came out to back your “Bed stuy will not fall 50%”. Will be down 60-70% for low end Brooklyn. Have a great weekend in the ghetto, “mr. hedge fund manager”.
11217, I don’t doubt that your friends do well but that is false consensus and the reason why, in the bigger picture, you have to use scale data rather than just anecdotes.
Like DIBS, I also work for a hedge fund and one of the reasons I believe that so many of these “masters of the universe” didn’t see this coming is because their social circles consisted of others fortunate to be making hundreds of thousands of dollars as well. They couldn’t conceive that there are people out there “struggling” on less than $100k a year.
DIBS, sorry if I came across wrong but I think it’s as important to read comments in the context of the author as for the content itself. Mr B, perhaps the “Posted by” part should come at the top of each comment rather than the bottom?
sorry chicken…i must have misread your post. And I was surprised by what i thought you wrote. It sounded like you thought I didn’t deserve it or something. Sorry id I misread…to late now on the train!!!!
I know that not everyone is in the same boat as me. And, like I said, I would never act that way towards them unless they come on here spewing crap like Whuh & cornerbodega and occassionally, BHO. I think BHO is a weird animal. Hard to figure out. We think he’s actually the What. IB is especially bizarre because he answers a lot of questions about rental properties and I believe he has a few. Then he goes off on some bizarre tirade.
The chicken:
I don’t doubt your facts, but my friend is 24, and manages one of the GAP stores in Manhattan and makes 65K a year. Plus incredible benefits.
I also have another friend (26) who is a cocktail waitress on the Lower East Side and she brings in well over 50K a year.
120K gross income for a family in NYC is not all that ridiculous.
Now I REALLY have to go!