Talk » Sales » Discussing 'Dow at a 4 Year High, Good For R.E. ........'
 

SAVE    RSS Dow at a 4 Year High, Good For R.E. ........

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Got to be good for Real Estate....

"Stocks held sharp gains across the board on the first trading day of May, with the Dow hitting its best level since December 2007, propelled by a better-than-expected manufacturing report that calmed worries over a slowdown in the recovery."

http://www.cnbc.com/id/47245203

ericho ?

Good for those who sold RE to go into stocks... ;-)

saw that comin..

the perma bears:

1. Stocks are up - "should have sold RE and bought stocks" (never mind that they never got out at the right time, or if they did ala sprint stock, it's like 5% of their port, and the rest is lagging)

2. Stocks are down - "uh oh RE will follow, shouldn't have just bought RE."

3. Stocks are flat - "this is a sign that market demand is peaking, and the DOW will crash to 2k, RE following to 1913."

Good for NYC real estate or real estate in general? Seems like a two-sided coin .. interest rates still historically low but much harder to qualify for a loan. So what's your average Joe going to do with not enough cash to swing a property purchase, but more than he should have sitting around garnering 1%? Maybe buy some stocks ..

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So good for RE... when why did it decline again last quarter? RE has been tanking as stocks got better.

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no, i wasn't... hadnt posted in weeks/months maybe before yesterday.

and my last set of posts was about taking profits...

sorry.

here's another couch potato investor.

does where one sits matter, or whether or not they were right?

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brooks anything of substance to add? or you just like to report news?

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ahhh, shock and awe got it. it is a very weak close. we haven't had a real flush day yet though

I tell ya..the worse europe looks, the beetr manhattan RE does. sure is great.

ooof bad spelling

forget UST buy NYC RE in turbulent times. you don't lose any money. unless you have to sell...

BAC is back under $7.00.

Feels like we may have another crash

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oh yes you lose money on stocks even if you don't sell. it is called mark to market brooksie. it is far harder to MTM RE.

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> Feels like we may have another crash

I don't think Manhattan RE could take it...

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> somewhereelse, market's been pretty bad since you said to buy stocks on May 1

Except I didn't say buy stocks, sorry.

I was actually pretty clearly saying I was taking profits whent he dow crossed 13,250...

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May 1, you sure about that? I hadn't posted in like a month.

I did start buying back a little bit of what I had sold off on the way down (I was underallocated). Maybe 10-15% of what I took in cash went back in... but I wasn't posting...

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> Who atte you trying to fool. Right there above, 3rd post. Dated May 1.

Wow, that's where you are saying I said "buy"?

I said it in past tense. As in dow is at high, good for those who already bought.

I was taking profits...

Sorry...

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As you have proven... hard to fake it, too. You missed your chance to create a new username like mine and post with it on May 1.

Sorry, just didn't say it.

Maybe next time though?

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"somewherelse: why would you engage with a troll? particularly one who stalks people and not only had to be greyed out, this troll had to undergo legal warnings from SE. He spews lies and you are falling for his insidious bait. For those of us who prefer never to see what troll has to say, please do not reprint his comments."

That is a good point.

I just don't like folks lying about me... but, fair enough, noone is reading him anyway.

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Can we assume that neither the high one month ago nor the low for the year now really matter short term because buyers should be moving towards cash in anticipation of buying well in advance of the actual purchase?

This isn't 1982-2000 where the long term appreciation of equities created a wealth effect causing people to spend, or create a pool of wealth people can sell to fund a down-payment. Since 2000 , we've been in a secular bear market with periodic short term cyclical bull markets that run out of steam and not something that will cause people to go out and buy real estate. On the contrary, investors have lost faith in the equities market. Today you see people staying in cash or purchasing real assets (e.g. purchases of investment properties have been picking up since 2008)

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Brooks, R.E. could go down a little, but stocks may go down a lot more. If Europe blows up, we could see a lot more than a 10% decline. A lot more.

"Today you see people staying in cash or purchasing real assets "

Isn't that the perfect indication that this is then what folks should NOT be buying?

Pretty bearish case for RE then...

"R.E. could go down a little,"

Extremely funny, wishful thinking. RE can go down a lot. It already has...

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