Recovery Sooner Than Later?
The market is supposed to be a forward-looking discounting machine. It’s supposed to price in what’s expected to happen over the next few months and years. Is the market perfect at this? No. If it were, there would be no real opportunity to do well in it. The market is, however, very good at incorporating…
All the comments are over here, and no one is looking at the inside scoop on atlantic yards yet.
Not if it was in a balanced portfolio denton. Which it should be. Treasuries are up in price overr the last few years.
11217 has plenty of good points but they are couched in a seemingly unnecessary hostility/haughtiness. 11217 i don’t know you from Adam but there has been a decidedly more confrontational nature to your posts of late. What’s up with that?
11271 — I would love to hear from you when you are over 45 and have been laid off for the third or fourth time. There are planty of people who have worked very hard for a long time and are unemployed through no fault of their own (and, yes, many with MBAs etc.). Arrogance is unbecoming….
billyboomer As to the difference in inventory now v. late 80s/early 90s, a lot of the inventory then was actually occupied because existing buildings were coverted from rental to coop. Now there is all this new constuction — mostly “luxury” condos. It really is a different environment.
Thanks Hobokenrocks. Sounds like you’re doing pretty well also.
Mine’s just a small apartment, but it feels good to be paying a mortgage payment instead of rent and I love it and plan to be there for years.
I also agree we are headed for a pretty significant correction.
I think we’re done here 11217. You’ve been pretty unfair and made some nasty and immature comments. I asked your age because your comments were so outrageous I assumed that only someone very young would make them.
Poley! Hooray! Someone for 11217 to play with….
Bye kids.
foxy brown is from prospect heights but she calls it park slope and lives in new jersey.
I don’t know wasdre. Maybe hannibal will come back and explain it.
11217, don’t let them get you down. There always have been and always will be individuals and companies who will do well regardless. Congratulations for being one of them. Even if unemployment goes to 10% that means 90% of folks who want to work are working. I don’t expect to see my income go up next year but I don’t see it going down much either, nor my wife’s income. I have a lot of control over my own destiny.
Therefore we are trying not to buy into this gloom and doom and fear, which is merely turning things into a self-fulfilling prophecy. I suggest each person look carefully at their own finances and how they spend money. It’s one thing if you’re out of a job, of course you have to cut back. But if you’re still working and probably will be, and then stop patronizing your favorite neighborhood restaurant weekly, you’re merely helping to get a waitperson laid off. The only thing to fear is fear itself.
Rob, just think, if you saved $2600 a coupla years ago and invested it wisely, if would be worth $1500 today!