Can You Claim a Lemming Defense....

timmyturi: about 2 years ago

Speaking of starting a thread just to attack someone ...

bobbycomm1: about 2 years ago

apt23 just refinanced today:

http://streeteasy.com/nyc/talk/discussion/23368-underlying-co-op-mortgages
will someone search ACRIS and find out who it is and post her name?

alnhcomm1: about 2 years ago

apt23
about 1 hour ago
ignore this person
report abuse bjw: If you have a teenager on the internet, you teach them to use nicknames or miss-spell their name so their privacy won't be compromised if someone googles their name. And, I did so with this name.

Yes, and the troll spells behaviour with a 'u' on purpose: http://streeteasy.com/nyc/talk/discussion/23332-top-ten-things-about-our-resident-se-troll

sledgehammer: about 2 years ago

On the contrary, i think we don't hear enough about Suckers for the simple reason that there are so many of them out there that we ought to educate them so hopefully they may learn to avoid making the same mistakes and get to research enough before dropping millions $ on a property. I think street easy has a bright future ahead!

apt23: about 2 years ago

bjw: If you have a teenager on the internet, you teach them to use nicknames or miss-spell their name so their privacy won't be compromised if someone googles their name. And, I did so with this name.

mostly i post about macro issues -- the mortgage fraud, shadow inventory, economic trends. This post was never meant to be this serious-- or extended. It was an incredulous-- albeit perhaps too snide-- comment on the price. I know this building because I tried to rent there. I also just changed brokerage houses last week and had to sign a million papers about how I understood I could lose my investment and was given reams of paper charting the records of every manager (comps, if you will) and disclaimers about how past performance, etc. I was wondering why that doesn't happen with real estate brokers. For most people RE is a larger investment than their stock portfolios. The fact that brokers do not have to legally provide such due diligence does not really make it right.

As for the Setai, the developers claim that they are half sold (at over $2300 psf) and that all the buyers are foreign. I have no idea about their marketing practices. But I am aware of very high powered tactics targeting foreigners for the Miami market -- which is of course a different market, different situation. Many developers in Miami were setting up situations that were akin to marketing green cards with apartment purchases. Imagine the tactics used to draw youth market buyers to the William Beaver House -- fancy parties, pictures of luxurious amenities, charts about how RE doesn't go down, etc. It is seductive. Any many young buyers bit. It is my supposition --which many take offense at-- that many buyers, including young buyers, were mislead and might come to regret their purchase.

Foreigners are a vital part of NYC RE market. If they are mislead about the market and suffer losses due to unscrupulous marketing practices, it would be a pity. Again I don't know the Setai's particular strategy with the mid town building. But I did visit the downtown Setai and was given misinformation -- which is the kindest way to describe the brokers claims. The only "evidence" I have about the midtown building is the high price for the condos and the claims about the neighborhood that I read about in an article which I can't find right now. And, their assertion that they have sold half the building-- which doesn't appear on Acris or SE.

bjw2103: about 2 years ago

1) I'm probably rehashing some earlier comments here, but it's fairly classless to post a buyer's name here for the explicit purpose of deriding a purchasing decision. It adds nothing to the discussion, especially when you state that "The point of the post was that the buyer overpaid." Color me unimpressed - what exactly is the point of demonstrating that someone overpaid for an apartment in this city? Unless that's a truly rare occurrence (hint: it isn't), there really isn't one. And yes, the name is public info, but again adds nothing other than someone Googling his/her name will find this inane discussion.

2) "So, while we are at it, I think the Setai Fifth Avenue is unfairly targeting unwitting foreign buyers into overpriced investments in their building."

apt23, please elaborate on what you deem to be "unfair" in the marketing practices at Setai. I admit to know nothing about the building or the sales team involved, but that's a pretty strong accusation, so should be backed up with a bit of evidence. Otherwise, it's probably a little, you know, unfair.

w67thstreet: about 2 years ago

You know what Sls. Howz about I start posting peope's names on se who ar behind on their bills? Either to nyc re, coops or mortgages. I mean we release John's names (thank you whoever told me that on se) why don't we out idiots that don't carry their fair load for nyc

w67thstreet: about 2 years ago

Liked you much better on the sideline.

But by your logic, the millions of 'adults' wo a gun to their head who
1) bought at peak and now must declare bk;
2) bankers who sold crap mortgages to institutional buyers;
3) pizza boys forging mortgage docs;
4) geitner/Bernie/Obama who still try to hide where the billions went to and to whom

And basically any adult who has a financial wherewithal to buy any pos or has legal authority to shift money around is off limits on the Internet. Flmaoz.

sidelinesitter: about 2 years ago

I already had you down as 'for'

w67thstreet: about 2 years ago

Flmaoz. That douche in Alaska admitted on a state televised debate. 'yes, I spent 5 minutes looking at porn' . He had to legally admit it. And u got issues with apt23 outing a public data point? Flmaoz.

Fwiw, the other candidates missed the greatest one line opportunity in politics. My question to him would have been.....' so do you admit you only last five minutes?'

sidelinesitter: about 2 years ago

So my count is four established posters (printer, post87, ali, buyer) against outing Mr. H, two for (sledgehammer, w67) and inonada tactfully in the middle although against as a general matter ("So, I suggest leaving out the names").

Yet apt23 seems to remain utterly convinced that she is right and others are flat wrong, and that it is her sacred responsibility to highlight high priced sales to (potentially) foreign buyers to bring to light the injustice of allowing real estate to be sold to these babes in the woods (a.k.a., sentient adults who have done well enough in life to have acquired the means to purchase Manhattan real estate and who might, just possibly, be making a decision of their own free will rather than under the hypnotic spell of a RE estate broker). Now where did I put my dictionary? How do you spell 'acluistic' again?

winnebagocounty: about 2 years ago

So, this isn't a pattern of behavior by apt23? Like the time she called the police and lied that her husband was committing a felony gun purchase, all in some scheme to get back at her neighbor? That was all because of some common rule of etiquette?

inonada: about 2 years ago

I thought that might have been the case, apt23....

MiamiDadeCounty: about 2 years ago

We believe you. Just like after you called the police on your husband, you told them you lied and he didn't do anything.

apt23: about 2 years ago

Ino: name was misspelled for exactly that reason. it is common rule of etiquette for that reason.

StLawrencecounty: about 2 years ago

I think you misunderstood inonada. That or, once again, if the facts don't fit your narrow view of the world, lie.

columbiacounty: about 2 years ago

I put the nameless one into google. No hit here on the first page.

inonada: about 2 years ago

First of all, some of us are very thankful of foreign investors. They provide the capital that makes available to you and I some very nice places to rent. Without them, you'd be paying similar rent for less-nice places.

Second, on this name thing, let's all relax. It's all a matter of public record, no question. However, it doesn't add much to the discussion to say the guy's name rather than "buyer with Japanese-sounding name, perhaps a foreign investor". It is nice to keep names out because someone searching the particular name (say, for a job interview) probably shouldn't see our our stupid little discussions. So, I suggest leaving out the names.

columbiacounty: about 2 years ago

how would we know? because you say so?

chenangocounty: about 2 years ago

w67thstreet
about 2 hours ago
ignore this person
report abuse
YOU are a fking troll with nothing to add.

Really? At least I'm not inappropriate around children. At least people who do business with me don't get cheated.

chenangocounty: about 2 years ago

columbiacounty
about 2 hours ago
stop ignoring this person
report abuse
you idiot.
i'm not angry at the world.
i find you ridiculous.

Just angry at all people?

falcogold1: about 2 years ago

i command you!
back under the bridge!

falcogold1: about 2 years ago

You said, falco..."just give me a few hours and I'll go back under my bridge".

nude67county: about 2 years ago

You aren't angry at the world? Are you a witch?

columbiacounty: about 2 years ago

you idiot.

i'm not angry at the world.

i find you ridiculous.

nude67county: about 2 years ago

So, happy wife, lots of cash, smart kids, yet so much anger at the world.

YOU are a troll, and the only question is what will take you down first: your inappropriate behaviour around children, or your shady business dealings with others including the IRS.

w67thstreet: about 2 years ago

No, cc is a financial genius who sold at the peak by reading SE. His wife loves the fact they are sitting out the downturn with loads of cash. His offsprings went on to fine institutions of learning, which I am trying to accomplish with my two little ones.

YOU are a fking troll with nothing to add.

nude67county: about 2 years ago

columbiacounty is a shriveled up old man with no family or friends.

columbiacounty: about 2 years ago

buyerbuyer is yet another manifestation of the troll.

nude67county: about 2 years ago

"Really, you have a notarized doc stating you can use my daughter's name to sell your wares? Really? Flmaoz."

???

w67thstreet: about 2 years ago

You know I'm allowed. To take your picture in public spaces correct? Acris is a public data base. WTF dont you get?

Really, you have a notarized doc stating you can use my daughter's name to sell your wares? Really? Flmaoz.

nude67county: about 2 years ago

I don't see why people are surprised about this behaviour by apt23. I've been pointing out for quite some time that this woman operates by another set of rules. She admitted on streeteasy that she reported a false in-progress felony gun crime being committed by her husband, in some harebrained scheme because she didn't like her neighbor.

buyerbuyer: about 2 years ago

Apt 23 -- all that other speculation about what this guy was or was not told , and your personal assumption that this is a bad investment (it may well be, but maybe not), do not change the issue of whether bringing his name up for ridicule was appropriate.

buyerbuyer: about 2 years ago

There is a difference between a public record of someone's name and singling out by name someone you know nothing about (who is NOT a public figure) for ridicule in a public forum, where it will exist for years.

Do those defending this not see this distinction?

Would those defending this be perfectly happy to themselves be subject to ridicule by name ina public forum?

There is not legal violation here, however, but that does not per se make it right, obviously.

apt23: about 2 years ago

Every week in the Sunday NY Times on the second page of the real estate section the times has listed apt sales of note -- sometimes in historical buildings, sometimes historical prices, sometimes notable buyers. They almost always give the buyers name and the price paid and the address. These are not necessarily public figures like Madonna but are often industrialists, business owners, foreigners, sometimes just the offspring of the wealthy -- all private individuals. This practice is also undertaken by the NY Observer and the NY Post almost weekly.

The information is public because it protects buyers. Just as political contributions are public record to protect the populace. I find it interesting that people are focussed on issues of privacy but no one has mentioned that this buyer may have been the victim of an unscrupulous broker. Why is it that stock and fixed income brokers must supply you with reams of information and charts regarding historical returns and the volatility of markets. Yet brokers are not required to supply you with comps in the building and neighborhood, historical charts of local and national RE trends, etc You can buy $100 stock armed with reams of info but you can buy a $2 million apt and the broker it not obligated to tell you anything about the likely success of your investment. Do you think it would have affected the buyers offer if he had known that a two bedroom apt in the same building was on the market for 9 months before renting for just $5500 just a few months before he closed?

Ali, as a journalist do you find it to be a conflict of interest that you should know about the likelihood of the macro economic situation -- ie the mortgage fraud mess-- might compromise an investment in RE right now? Or at least is a risk that should be considered. You should be reporting on that issue as a RE journalist. Do you share that insight with your clients. Do you find it to be a conflict of interest to be a journalist and a broker?

front_porch: about 2 years ago

W, is the distinction between 23 using a stranger's name, which presumably he/she doesn't have permission to use, with a specific address, framed in terms of poor and possibly harmful business reputation ("default")

and

my using a client's name, which I DO have permission to use, in terms that don't harm her reputation, and without a specific address (in fact, at this point she's moved out of Manhattan) really too subtle for you?

I know we're in Internet world, but c'mon.

ali r.
DG Neary Realty

Wbottom: about 2 years ago

you're kidding alison--what celeb's daughter did you mention just last week as having bought an apt that was in discussion?

pls reply...spare me the search to quote your post

columbiacounty: about 2 years ago

shut up troll

buyerbuyer: about 2 years ago

Apt 23 are you really serious about the appropriatness of bring ing up real names (who are NOT public figures) in this site for discussion about how smart/dumb/whatever they were in buying an apartment? These people are not in the public arena.

If so, ould you be happy to have such a discussion about yourself if you were an owner, or would you be happy to be discussed in this manner if the law provided for public registration of leases (since you actually rent in nyc)? What if someone just knew who you were?.....I think those who are not public figures should not have to be subjected to this, even though it violates no law, but you feel so strongly that anyone can be discussed on here, I wonder if you would be happy to be discussed by name.

acluisticcounty: about 2 years ago

(but if you really need it, just google +apt23 gun husband police)