Open House Picks: Six Months Later
Comment: At least deals are happening. Open House Picks 12/12/09 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: At least deals are happening.
Open House Picks 12/12/09 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
Thanks, wasder, but don’t overdo it. I’m not paying you that much. We still need to meet for a drink.
FatLenny, bonuses will help the bank balance, etc. but do you feel confident in enough (job security and continuing of bonuses,…) to go buy an very expensive house? That’s the key for NYC prices. if folks at the banks are confident to buy, prices will stabilize. if not, I see no other group of buyers big & rich enough to stop this downward trend in prices
Bonuses will be coming back in 2009, I think. I work at UBS Investment Bank where morale is duly terrible. Now that other financial firms are making money, everyone is leaving here in search of bonuses. Other Fixed Income trading desks are cashing in on wide spreads and government backing. That’s not to say that everyone is making money or is even safe, but there will be bonuses next year. Even UBS is starting to pay again because of the exodus.
“Slopefarm, exactly what I was trying to say the other day, but you put it much more clearly.”
Yup–slopefarm is the most cogent, clear thinking writer we have here on these pages.
RE: “This is why Deutschebank said yesterday we still have a long way to fall in NYC – this is just the beginning.”
Isn’t listening to the folks at Deutschebank one of the reasons we’re in this whole mess? I’d be very cautious paying any attention to their, ahem, “predictions,” from past experience.
Amazing that some idiots don’t realize that when reports calling for 40-50% down, its for the next few years. And yes the sales trends sure are looking that way. Amazing we still have people like Mopar and slopefarm who continue to engage without this basic understanding. WTf!?
BrooklynGreene,
when can I stop by to check out your place for that 999k you mentioned? Is it now 1.999M given mkt is a lot better? how about I rent your lower duplex?
Little Miss Muffet
“…this is just the beginning”
Every day is new
Prices won’t fall if deals don’t get done. Everything’s going down down down if at all. Nothing new here.
***Bid half off peak comps***