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

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 ..

Somewhereelse said he was selling stocks a month ago.

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

Somewhere else was touting stocks 13 days ago on May 1 when the Dow was 13,279 vs. today at 12,695. http://finance.yahoo.com/echarts?s=%5EDJI+Interactive#symbol=^dji;range=20120501,20120514;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

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?

>sorry.

It's right there in black and white. Market timing is difficult. Stevejhx should have taught you that.

2012 stock gains... ERASED

2011' too.. for that mater

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

some need to be spoon fed.

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

good input Jbutts -- you don't loose any money in stocks unless you have to sell too... you can keep telling yourself that about RE if it makes you feel better.. bu it will continue its slide

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.

I guess ignorance is bliss.. stay ignorant my friend

are you guys friends now?

> Feels like we may have another crash

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

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

http://finance.yahoo.com/echarts?s=%5EDJI+Interactive#symbol=^dji;range=20120501,20120518;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

Now down nearly 7%, congratulations somewhereelse

more from the fool.

who cares.

its only a fool.

you sold in March 09, right?

ah...the fool.

more from the fool.

what comes from a fool?

oh, a riddle!

> 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...

Yes, you previously said you were selling. Then the market continued upwards. Then on May 1 you changed your call and were buying. Then the market continued down.
Today you are repudiating your call - above - to buy, while the market was back up.

FB was up today.. so RE will go up too..

doesn't that sound like something a RE broker would say....

RE in Los Altos Hills maybe... not Manhattan

oh you one, be nice to each self

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...

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

Atte = are

> 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...

Hard to hide the evidence. Maybe hit the abuse button a few times to cover your tracks.

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?

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.

What is a "legal warning?"

What happened to apt23's husband after she called the police on him? Are they still together?

And why can't somewhere else see his own words on May 1 posted right above with pro stock market statements?

"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.

Looks like apt 23 is reading him.
Peter Noone may be reading him.
"Mrs. Brown you've got a lovely daughter..."

noone had to undergo legal warnings from Mrs.Brown.
She told her daughter to return the things he bought her.

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)

Somewhereelse, did you leverage up leading to May 1 before the 10% decline?

it isn't 2002-2007 in RE. investors not buying RE. the snp is back to Jan 1999 levels and Manhattan RE is below 05' levels.. RE is still heading south. Dont kid yourself RS.

if you are smart enough and risk taker. buy a distresses property. that is different from an investor property. its not an investor property. it's speculation.. just like the RE market. The most recent Case Shiller Home px index had 5 cities reaching new lows since the housing crisis began.
"Five cities reached new lows in property values since the housing slump began, including Atlanta, Chicago, Las Vegas, New York and Portland, Oregon"

============================================================
1-months 3-months 1-year 2-years 3-years
earlier earlier earlier earlier earlier
============================================================
US Composite-20 -0.03% -1.84% -2.57% -6.45% -4.26%
------------------------------------------------------------
Phoenix 2.17% 4.39% 6.09% -2.87% -0.51%
Seattle 1.74% 0.18% -1.31% -8.69% -11.96%
Dallas 1.56% 1.16% 1.49% -1.15% 1.90%
Denver 1.52% 0.03% 2.57% -1.32% 2.73%
Tampa 1.28% 0.33% -0.96% -8.04% -11.30%
Charlotte 1.17% 0.16% 0.44% -4.68% -8.37%
San Francisco 1.04% -2.16% -2.99% -7.90% 6.99%
Washington DC 0.96% -1.07% -0.59% 0.61% 6.35%
Miami 0.91% 2.22% 2.53% -3.69% -5.37%
============================================================
1-months 3-months 1-year 2-years 3-years
earlier earlier earlier earlier earlier
============================================================
Cleveland 0.45% -3.17% -2.44% -8.39% -2.28%
San Diego 0.41% -0.49% -2.73% -6.58% 3.53%
Los Angeles 0.13% -1.46% -4.78% -6.38% -0.72%
Las Vegas -0.02% -0.93% -7.52% -12.39% -22.88%
Boston -0.21% -1.76% -0.96% -3.61% 0.06%
Portland -0.46% -2.82% -2.76% -10.17% -12.64%
New York -0.85% -2.84% -2.75% -6.73% -9.06%
Atlanta -0.91% -5.46% -17.74% -20.44% -21.45%
Minneapolis -0.92% -2.73% 3.25% -6.85% -0.34%
Chicago -2.51% -6.75% -7.05% -14.15% -16.11%
Detroit -4.43% -5.43% 2.27% -1.51% -6.03%
============================================================

good luck

>it isn't 2002-2007 in RE. investors not buying RE. the snp is back to Jan 1999 levels

Amazing that you can go to March 1999 to get today's price level on the S&P. Yet somewhereelse and inododo would have market timed it better than the rest of us.

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...

swe: already, or aboutready?

how much is the market down since May 1 when swe was pumping stocks?