How to incent sellers?

prices in Manhattan are not down 50%. Maybe the government needs to tell buyers that.

Your a tool. Read the first post. Equity markets off 50%. You don't think that real estate is off too? Get a clue.

the value of RE is not linked to the equity markets.

Next poster please....this guy is too busy taking my order at lunch to realize markets are connected.

Wow---please just don't spit in my food. Here's your tip- never be rude to your superiors. Haha loser.

Your parents told you to stay in school. Now look at you.

I have a box outside my apartment. Could fit you well. Its has a 36x36 living room...inches that is. About what you can afford after my lunch tip?

Let me ask you, is it difficult being you? Seeing all these places listed on SE and not being able to afford any of them? I'm sure this will be your last post as your 15 minute afternoon break is almost over and your shift is starting again. Hahaha

How can the government incentivize sellers? A refundable tax credit payable to the seller equal to 100% of contract price will connect sellers who believe their property is worth $X and buyers who believe it's only worth 50% of X.

This program will not help Manhattan buyers though, because veritaully all Manhattan sellers will be disqualified due to the $250k annual income cap demanded by democrats.

Hello, ignore alpine... this guy has been in denial for over a year now. 2 months ago, he was denying that there was a RE decline *at all*.

"So we are into year 2 of the recession, yet sellers are still not clued into the fact that the equity market is off 50% and likely going lower. How can the government get people to realize their homes have lost at least that much value (less liquid investment, tailored to individual tastes, etc)."

I think the government isn't quite ready to do that... as that could spook spending even more.

Thanks NYC - its fun to "toy" with simple minded people.

I think allowing new development sales to investors who buy blocks of units - say, 10 condos in a 100-condo development - to count against a building's "ownership" quota would make a big difference. It would help the developers sell off inventory, and would help current contract holders get financing so they can close. And it would bring down in-building comps for future buyers.
Tina
(Brooklyn broker)

don't be a dick nyc10022. Or else, I swear, I will start posting threads about Chicago!

Chicago has much better designed apartments than NY. But nothing compares to Miami.

Is hellosellers rufus?

No - not Rufus.

hello rufus!

Look - I'm not saying Chicago is better, just saying better designed apartments. Layouts are better. But neither compares to Miami. Layouts there are sick, always making sure you have perfect view of ocean, inter-coastal, etc.

The government should do nothing. Bubbles need to burst so that we can move forward at a level that buyers and sellers are comfortable at in the absence of government intervention. It will happen naturally if permitted some time.

And while RE market is tied, in some respect, to the equity markets, it is not a $ for $ relationship. Equity market fluctuations are much wider, both up and down, than RE market.

UES - never had a down RE market before, so how can you say both up and down?

BTW - there are people out there that think Chicago is good/OK besides Rufus.

helloselelrs is rufus! Hi rufus! You fell for my trick, LOSER!

"never had a down RE market before"

are you serious, rufie?

alpine292 - I don't want to echo your paranoid sentiment, but I think you might be right. You simply mentioned Chicago, and this "new" poster took the bait.

In any event, it appears "hello / rufus" is saying there has never been a down RE market before. So, even if he/she is not rufus, he/she does appear to be ignorant of the early 1990's.

Furthermore, to assert that a 50% decline in the equity markets automatically leads to a 50% decline in real estate values is too ridiculous to waste time refuting.

got it - time to ignore hellosellers

Getting on people's ignore list barely 1 hour after the first post under a new account. That's impressive even for rufie! Congrats bud.

> don't be a dick nyc10022. Or else, I swear, I will start posting threads about Chicago!

How would that be any worse than the nonsense you post now?

There is a plan at hand.
1) print boat loads of money.(go ahead...double the money supply...no...triple it!)
2) devalue the dollar faster that the deflating value of real estate.
3) stand back and wait for equilibrium
4) home prices stabilize, market returns to some shrunken version of it's former self.
5) RE assets on the books can be realistly valued and dispenced with.
6) Runaway inflation follows (Argentina style!) Ariba! Ariba!
7) Big Mac value meal? that will be $23.50...would you like that supersized for an additional $5.99?

Any Questions?

Ooo, Ooo, I have a question. Does the IMF decide we need supervision in all this, just to draw out that South American comparison?

We have the pleasure of shitting it up all on our own!

brill. after we supervised the shitting in other areas (with the IMF's help, honesty forces me to confess), we're now able to export our own shitting back home!!!