Stellar Inventory Predictions

So everybody, put your money where your mouth is;

http://streeteasy.com/nyc/talk/discussion/16917-the-priceinventory-is-right

wow, awful dangerous for juice to be pulling out old predictions....

;-)

> Median price per ft²: $1,076

of course, median psf went under $1k for the first time in years...

And of course including that elusive shadow inventory would make the 15,000 inventory prediction SHORT by around 5,000. ;)

consider the self limits on a market like Manhattan.
When Inventory was crossing the 10,000 mark downward pressure on pricing was at a perceivable max.
Anyone who could take their place off the market was best served to do so.
The equities rebound caught my players off guard. The question is, are we in a recovery or in a sustained holding pattern? We all mostly agree that decreasing inventory numbers are a result of sales but, more likely a decrease in listings. When you pull your place off the market unsold it falls into the mysterious world of the shadow market. If history is any indication of things to come this should be a lack luster year for the residential market. Expect more of the same unrealistic expectations followed by increasing time spent on the market. That's my prediction and I'm sticking to it.

I definitely said that, JuiceMan. New dev. just didn't come on the market as fast as I thought it would!

Are you saying that this is a bullish sign?

No steve, I was merely pointing out that you were wrong again.

Merry Christmas steve.

Unlike you and LICC, JuiceMan, I readily admit when I'm wrong.

'Bout time you started to own up to it.

Merry Christmas to the baby Juiceman
Lets be fair,
If falco, stevejkx and, balthazar show up at your house with gifts, start looking to the north for a very bright star.
Don't stand there with your wife bitching about what the hell to do with frankincense!

Frankincense? Isn't that a mad senator from Minnesota?

So Juicy, remember this:

"JuiceMan. about 23 months ago. "No one has denied the impact of the credit crisis billshiers, I'm not sure why not being pessimistic equates to denying reality. What you and others fail to acknowledge is some positive indicators that MAY help offset some of the downturn of the economy. If you look at the issue from both the bull and bear points of view and take time to form a balanced opinion, you may gain some confidence that the "stealth softness" could be short term thing and that these clouds will eventually clear up. I think this article from the journal nicely sums up both the challenges and opportunities for 2008. WE ARE NOT IN A CRISIS."

http://online.wsj.com/article/SB119936944809564859.html

From the late, great malraux's famous thread - the best one ever posted anywhere: "where are all the idiots who made the 2007 doomsday predictions?!?"

http://streeteasy.com/nyc/talk/discussion/2651-where-are-all-the-idiots-who-made-the-2007-doomsday-predictions?page=1

"WE ARE NOT IN A CRISIS"

Yup, I was pretty wrong on that one! (my xmas present to steve)

Who the hell is balthazar?

oh.......that's gotta hurt!

In light of the holiday let's suspend all 'rubbing noses in it'.
Let he amongst you who haft no idiotic posts cast the first stone.

Seriously, is balthazar an elephant in the Bronx zoo?

Juice!
He's one of the wise men! I'm making Christmas jokes.

Seriously,
you knew that..........

Holy shit falco! I seriously thought you were talking about a streeteasy poster named balthazar! LMAO

Balthazar is a restaurant on Spring Street near Crosby Street
;)
Merry Christmas.