NYC leads country in shadow inventory

Been say'in this for some time.

Now what?

I wonder if his distressed condo venture has actually acquired anything beyond a bunch of Google hits from articles like this where he tries to talk the NY market down

What shadow inventory? '...housing shortage could be on its way.'

http://money.cnn.com/2010/06/15/real_estate/new_housing_bubble/index.htm

Why is it not obvious who we should believe? Of course Miller is bias. So what???!!! That doesn't mean his info is wrong. It just means he has more vested interest in compiling the right info to prove his case to the banks and developers. Has any "expert" came out with good evidence that suggest Miller is wrong about the shadow inventory?

I thought this thread would get alot of play....bump

let me stop playing with myself and play with this instead... yes indeed.. .the shadow... the shadow.... it's there, just when you are about to list yourz for $1000psf.... here it comes.. listing at $900psf.... oooppp.. herez another at $800psf... OMFG another shadow at $500psf....

Beware children... don't play with the shadow...

the shadow knows

http://streeteasy.com/nyc/talk/discussion/21207-open-house-reports-sunday-june-20th

w67, read the above. can't you see your peddling the wrong brand of shit now?

You're the only peddler here.

And this City's development community has some of the deepest pockets in the world. Those that need to move product are doing discounts; those that can hold out are holding out. Don't expect any fire sales.

@reallstate.

Ya know ya gotta watch little children in the water. Unlike adults, if they can't swim, a small child will just quietly go below water. They don't splash, dont make an effort to scream bc they don't understand they are 'drowning'. Tragic but true, a lifeguard gave me that advice.

Just like little kids, NYC's re 'moguls' will just quietly hand the keys back to the bank. No big hoopla, no screams for help, no running down 5th ave begging for quarters just quietly..... They'll jut slip away.

And you may wanna look up tishman largest re bankruptcy. Flmao.

I'll believe it when I see it.

feels like...
smells like...
tastes like....

good thing I didn't step in it!

If I must, I'd rather be the 18MM douche.(I'd need the rich uncle done in by a fake hero nurse and a small fire) details details details
How 'bout that shadow inventory!