Another 35% decline?

steve, didn't the rental market jump from 1998 to 2000? I sort of remember studios starting to break the $2000 mark around that time.

""Ever since streeteasy, Miller Samuel has been suspect."

"Is that because they include Wayne, NJ and White Plains in "analysis" about Manhattan? steve does."

I have never included Wayne, NJ, or White Plains in my "analysis," Juicy, but if I did, since the lead declines in Manhattan by at least 2 years, it would indicate that Manhattan still has a long way to go.

LICC, you gave the figures, not me.

"Can you go on the record with a prediction so we can laugh at you again in a year? Steve has already pulled your pants down over your idea that prices couldn't fall 25 or 30% and here we are."

Rhino, the problem with this board is that it is filled with people with short memories. My predictions back in the fall of 2007 were flat to slightly down for 2008 (that was labeled “bull” by some of the idiots on this board). Most everyone else on this board was predicting 30-40% down BY beginning of 2008. Pre Lehman, I was wrong with my predictions. Prices actually went UP throughout 2008. steve and his merry band of bears were predicting huge corrections that never came. It took a Lehman bankruptcy and an implosion of the economy for things to finally slow.

To make matters even more hysterical, steve continues to slap himself on the back that he was right all along even though he admitted on this board that he never saw Lehman coming nor did he see the implosion of the economy and therefore was long EVERYTHING. He lost his shirt. steve is partially right by accident.

You seem to be getting bolder by the minute Rhino, so I ask you this:

1) How can you challenge a (correct) prediction made 13 months ago without context?
2) What was your prediction 13 months ago? What alias did you post it under?
3) Besides being steve’s pocket monkey what is your basis for challenging anything? Is it because you are a TRADER? You act like the idiot sidekick if the bully that repeats everything the bully says. It is quite entertaining.

steve, I wasn't arguing with you, I was asking what you remember from back then.

Oh, JuiceMan! JuiceMan, JuiceMan, JuiceMan!

"My predictions back in the fall of 2007 were flat to slightly down for 2008"

I wasn't posting in the fall of 2007, so PLEASE don't ascribe to me predictions that do not exist.

"steve and his merry band of bears were predicting huge corrections that never came."

Not true for the above reason. What I predicted was exactly what happened, which set of the long-lost malraux's "weasel-boy" comments, and it's posted above. I predicted EXACTLY what would happen.

"It took a Lehman bankruptcy and an implosion of the economy for things to finally slow."

It would have happened anyway, JuiceMan, just taken a little longer.

"steve continues to slap himself on the back that he was right all along even though he admitted on this board that he never saw Lehman coming"

I never said that - yet again JuiceMan fibs! I said I didn't think that they would let Lehman go bankrupt, not that it wouldn't "go under" a la Bear. Indeed, I correctly called Bear, correctly called Lehman (except for the bankruptcy) and correctly called BofA's purchase of Merrill.

"nor did he see the implosion of the economy"

I don't remember ever making a prediction on what the economy was, other than stating that we had not yet experienced 2 consecutive quarters of negative growth, the standard definition of a "recession." I also remember saying that in Florida things, according to my mother, were very bad.

"therefore was long EVERYTHING."

Not true. I kept a very large amount of cash, which I still have.

"He lost his shirt."

See above.

"steve is partially right by accident."

No - I told you the reasons why I made my predictions, and I stand by them.

I don't have to make false claims about you; I just have to go back and look at what you said a mere year ago.

"set of" = "set off"

And LICC, my recollection is that in 2000 they were giving away several months' free rent.