Open House Picks: Six Months Later
Comment: Hardly a seller’s market but at least deals are getting done. Open House Picks 8/21/09 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Hardly a seller’s market but at least deals are getting done.
Open House Picks 8/21/09 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
My boyfriend or husband?
Saying that Wall Street bonuses caused that man to kill injure and terrify people is crap.
Posted by: Nomi at February 21, 2010 7:39 PM
Not saying that. Just pointing out that the obscene bonuses that your boyfriend or husband is enjoying is “blood money”. Go ahead and open a bottle of nice wine tonight and enjoy your night, just don’t try to think too hard about where the money came from.
Saying that Wall Street bonuses caused that man to kill injure and terrify people is crap.
This kind of crap belongs in the dusty corners of the internet. Not here.
Posted by: Nomi at February 21, 2010 1:45 PM
This so called “crap” was a story published by the Associated Press, a reputable and balanced news source.
People like you may not want to be reminded of it, but while you have directly or indirectly benefited from new york city real estate having stabilized or the improved finance job situation here, the money to accomplish the above came out of the pockets of other Americans. Moreover, this grave injustice committed by the Wall street-Washington cabal is a cause of the anger that many ordinary and struggling american families are feeling.
So go ahead and enjoy the new found stability in new york city real estate or the better job picture, but don’t forget that they were the result of ill gotten gains, and stolen from hardworking and struggling families in the rest of the country by the wall street- Washington cabal.
Here is my request: I don’t want to see this crap on this site:
“In his self-described “rant,” Stack railed against…. the “unthinkable atrocities” committed by big business and the governments bailouts that followed.”
This kind of crap belongs in the dusty corners of the internet. Not here.
I shouldn’t say perhaps, I should say not necessarily. Since the rent drops are small it takes longer for a change in YOY. If the drops were sharp, you’d see it sooner.
***Bid half off peak comps***
Perhaps, Pigeon, but it looks like we’re getting there. January’s YOY of 1.6 for the region (they don’t say what it was for NYC, just that it slowed) falls behind what landlords in NYC are allowed to increase rents by, 3 to 6 percent depending on lease terms. YOY is approaching zero and will soon be negative. Give it a little time.
***Bid half off peak comps***
“You have to wait a few months from the first monthly decrease before you get a negative change from last year.”
Posted by: Brownstones Half Off at February 19, 2010 11:49 PM
Interesting, BHO.
After thinking about it, I see that this is true.
Thanks.
But if rents have been falling since the summer and/or autumn, shouldn’t there have been a decrease in the YOY rents by Jan 2010?
Pigeon – There have been a few threads over the summer and/or fall where rents were said to have fallen monthly or quarterly. You have to wait a few months from the first monthly decrease before you get a negative change from last year.
Same thing on the way up. You’ll get a postive MoM but still a negative YoY for a few months or so until YoY too becomes positive. This is how data changes over time.
***Bid half off peak comps***