RE Market Booming in Manhattan

falcogold!... ROCK ME AMADEUS! Yep...it's hilarious when Ericho75 is like.. thnks man... for backing me UP! The princess is clueless he is being used as a TOOL.

Be warned, P09 is correct.. I believe the NYC Re brokerage is so hard up, they are paying some of the brokers that are sitting around some $ to get on SE.... :)

I think you guys are 100% right.

They've already been doing this sort of crap for a while.

Then all these Times articles come out on how streeteasy and such are getting to some of the hard truth... so, OF COURSE, some of these f*ckers decided to have the folks with nothing better to do (they aren't selling anything) to start posting on these boards.

Lets call 'em out!

nyc10022... you forgot the u in Fuckers...

Word! It's just a long list of lies perpetrated by the man trying to keep the brother down!

fight the power

Totally agree. We've been infiltrated. And they are so obvious, they're not even good at infiltrating. Comically pathetic.
And don't forget the 'u' in fuckers: duly noted W67, good point.

Fight the power! Word up!

let the revolution begin!

where's spunky?

alrighty... all the regulars are here.. now my weekend can begin (yo Julia/Stevie... not SteveF).....

falco does have a good point...i was thinking i missed the slide in prices and according to SE they're going back up...it's easy to start rumors and have people believe in them..thanks falco for the heads-up.

ericho75 is too busy reading Yahoo finance so he can come up with something to support some nonsense. In the meantime SteveF keeps text messaging ericho75 that treasuries and mtgs rallied today and interest rates will stay low while we borrow ourselves to death. So 75 is completely confused because while he goes to the finance section of wikipedia trying to figure out if rally means price or yield, Dolly keeps calling him on ichat to get his ass in in gear and post post post or no more peaking behind the shower curtain.

p09...was that you last nite? taking ericho75 into the shed and having your way with him? NICE NICE ...

I think it was on the same post he wrote "It doesn't matter what I do for a living." then he outs himself to "prove" he knows what he is talking about.... even I will admit, that this recession/depression has me cracking open my old textbooks as there are so many moving variables, but Ericho75 reminds me of a 3rd rate coffee getter for a 4th rate bond trader at a 5th rate investment house from a 6th rate country....

Next time.. don't take it so easy on him.....

Time to clean the 'Lenzs' and see what's out there.
Say what you will, I would drop everything to be Dolly's love slave.

Oh, Oh, I've been such a naughty SE poster!

CRACK!

I was drinking a bunch of wine, normally the mean streak doesn't come out like it did last night. I think last time it did was with AgentRachel 4-5 months ago with the SqFt thing. I finally surrendered when I realized he had no clue what he was talking about. Reminded me of the final scene in A few Good Men. When Dawson fesses up and says we were supposed to fight for Santiago.

well a wise man named sidelinesitter (at least i assume it's a man) said we should ignore the posters of gratuitous info. actually i think he meant me. but he made a good point. i put a couple of them on ignore and now i am free to happily contribute without their insular inability to reason to hinder my more productive thoughts (not to mention my blood pressure). not to say that the good fight isn't worth fighting, and abuse isn't sometimes worth heaping, but it's important i think to remember what we have, and not let those who'd like to diminish it do so. and they do so try.

but, p09, that last post was priceless, absolutely f'ng priceless. and the offisms still rule. but i think I couldn't insult steveF or jerkico more than by ignoring them. and i mean, at this point, to insult. i hope others, and there are so many that are capable, use their respective strengths to do so. and i am a kind person, but some shit went down yesterday that just isn't acceptable.

gotta go in a minute....

Damn....if you can do that to Ericho75 while drunk, remind me not to pick a fight w/ about the bond market...... NICE NICE NICE.....

Have a great weekend ALL.

They are out to get us.

Yep, yesterday was really bad. I couldn't help it and I engaged in a probably fruitless exchange. Oh well...I know they'll eventually go away. As Qtip said, she/he started the thread just for revenge against the mean, mean bears. How long can that last?

I'm not so sure as much of this is as "nefarious" as you think. Take a look at the NY Times reporting of RE Trends going back as far as you want to. I remember around 9/11 some time when they "reported" (based on data from a VERY respected source) that the market had gone down; and then 6 months later reported that the market hadn't gone down (and I don't mean a retraction or even reference to the first story - just 'as if" they never reported it in the first place).

So, while some of this may be brokers, sellers or what have you, don't be so fast to think it is *disinformation* as opposed to pure ignorance based on BS being fed to them from a certain organization which has gotten WAY out of control in terms of dictating what can even be said by it's members. I am sorely tempted to start several suits (restraint of trade, free speech issues, etc.). In other words, don't necessarily chalk up to evil what can easily be ascribed to stupidity (and we are talking about brokers, aren't we?)

"certain organization"
rebny?
Who's the puppet master?

:)

Lovely...

Any thoughts on the big rally in bonds today?

http://finance.yahoo.com/q?s=^TNX

Stop talking behind my back and let's start dissecting economic data. I'm here people. Let's rock!

ericho75
ignore this person

30yrs, we can tell the difference. your point is well taken, but not applicable here, in this instance.

big rally in bonds..I guess the bond market is predicting bad times again then huh ericho?

UD, i'm sure jerkico can spin that too. that's the point. it doesn't matter what the news is, if you have an agenda you can make what you want of the news. slippery and intellectually dishonest.

bonds had a relief rally yesterday and it looked more like short covering to me. i still hold a bearish RE view but just got done reviewing daily, weekly and monthly charts of the market and sector etf's. the stock market looks higher. too many people are expecting a rollover and we are entering a typically bearish period but the market loves to confound people. it can run higher or sink lower than the fundamentals indicate. that said i believe it has bearish implications for RE in NYC. investors have deep losses to overcome. why invest in a still overinflated and illiquid asset(NYC RE) when you can jump on a highly liquid rising, but still beaten down, stock market. ericho and other RE shills will point to the rising stock market as an all clear signal yet when the market was tanking that was a good time to buy as well. heck even Q1 of '08 was a great time too!

cfranch, question. analysts rushed to the bottom in revising expectations for Q1 earnings. they had put up some fairly robust expectations earlier for the rest of the year. i know corporate profits have improved, relatively, due to cost cutting, lack of cap investments and firing, but where do you see current expectations vs. earnings for this quarter? have seen very little on the issue.

Are you all usually this paranoid?

Nice that LICC is back, calling others paranoid.

I'm off to the beach - after I finish this never-ending Italian financial statement.

http://www.minyanville.com/articles/rally-dollar-Fed-VIX-spx-SP500/index/a/22862

Non lavorare troppo steve.

yea I was just joking, obviously. I think I heard Oliver Sarkozy say we have over 2trln in planned issuance this fiscal year alone, is that accurate?

anyone know? I think this treasury concern will be a long lasting one, of course with blips up and down but longer term trend with higher rates

aboutready: i am a technical trader so i don't pay much attention to earnings. that said i love earnings season as it produces volatility amenable to day trading. however i do pay attention to investor expectations via put call ratios and sentiment indicators such as bull/bear ratios. i look for extreme sentiment coupled with chart patterns to try to call turns in the market. right now most indicators lean bullish for the short and intermediate term

ericho & other very new & dramatic bulls --> LEFRAK LOSES 16% ON NEW DEV CONDO IN 6 MONTHS

http://ny.therealdeal.com/articles/denise-lefrak-daughter-of-denise-lefrak-loses-on-new-condo-sale-at-255-east-74th-street-in-6-months

"I wanted to get a better price but I couldn't," said Brockett, who does not know LeFrak. "The reality is the market has dropped a lot," he added."

But dont listen to this reality..continue to focus on phone calls and OH traffic. Signed deals and where they are happening at are really meaningless.

I don't think this makes any strong point for you UD. She closed on new construction in December, so who knows when she went to contract, and just sold for 16% less. So from sometime in mid-2008 to now, the value dropped less than 20%. No big news there.

cfranch,

Tech's just took out the bottom of the 2 year down channel...BULLISH! Bond yields have topped in June/July time frame the last few years. This sell off was very well expected 3 months back.

very true. So lets figure it out.

Bought for 2.55M

Aprox Closing costs on buy side for new development over million - 5.75% or $145,000 or so

Aprox Closing costs on sell side - lets give benefit and say 4% broker commission, and transfer taxes and other costs, lets add 2%. 6% of 2.14M = $128,400

Loss on Actual Transaction = $410,000

So, we got: 410,000 + 145,000 + 128,400 = LOSS OF $683,400 or so on this deal that was flipped in 6 months

Ouch.

680K for the Lefrak family. A drop in the bucket. It's like us losing 100 bucks in a casino.
What's the big deal?

UD, again, you don't know when she went into contract. Even so and including your transaction costs, a 20% or less decline from sometime in 2008 to now - not big news.

nope, actually I think they did OK considering! Just screwing with the new bulls

someone who probably could have afforded to keep the unit elected to sell it now rather than later. and a Quinn partner can almost certainly afford the original $2.5mm price tag. Quinn has some of the highest ppep out there.

the story is that she signed the contract in the fall of 2007. how does this change your view?

You folks are a bunch of paranoid bears. Conspiracy? Brokers and sellers getting together to some discussion blog to try and talk up the market? Like this blog will have any affect on the direction of the market. Let's not overestimate our influence or worth please.

And apparently it sounds like the bulls are really getting to you bears as evidenced by your paranoia. Defensiveness usually means the opposing side has scared you a bit, enough for you to start this thread. LOL. Oh how the tides are beginning to change...

erichodouchebag.. rich smart people NEVER gamble... and never talk disparagingly of $.

TwoNUTz... how do you get overtime for weekends?

I have no paranoia. because i truly appreciate trading and markets, I'm looking forward to seeing how manhattan RE plays out. my view is that its still going much lower.

w67thStreet...what apartment are you trying to buy? Scared of the market picking up and the potential increased competition? I'll throw the conspiracy theory right back at you but I'm smart enough to realize a real estate discussion blog won't affect the market.

w67thstreet...just for the record, I find your "jokes" void of any humor as hard as you try to make them funny. Don't quit your day job unless of course it is a stand up comedy. Now that's funny.

TwoNUtz... meet OneNutz...

2towns, w67th doesn't have a day job...he is a landlord. I would love to see him doing standup! He is a natural comedian. Hi W67th! How r u today?

mimi... couldn't be better !

ue10021, it doesn't. if she felt it was a decent medium to long-term investment, or could have covered her costs with rental income, even at a bit of a loss in the short term, she could have kept it. she chose not to. i'd guess because she sees further downside potential.

and two cities, who you calling paranoid? with your frantic bull talk? one entry wasn't enough to get your happy market speak across? especially given that all your immediate repeat entries say just about exactly the same thing as the one above? frantically typing with sweat poppin' out on the brow?

i'm as happy as a little bird. probably won't buy here, but who knows? but if and when i do buy, i'll be happy with the decision. just like i'm happy with my decision to rent now. informed, thoughtful decisions allow one to sleep well at night.

yo, w67th. beautiful day, glad you're doing well. give the little ones big smooches.

I'm am actually neither a bull or bear. I just find it funny how misery loves company. I also find the premise of this thread (conspiracy among brokers and sellers to spread positive news) out of this world ridiculous.

Do you really think this is some viral marketing campaign? Why would a real estate company waste good time and resources having people write on this blog when clearly the majority of people here such as aboutready have no intentions of buying anytime soon? And how egotisical you folks are in thinking this would in any which way impact or influence the market?

And w67th is a landlord...makes perfect sense now...he would obviously benefit from all this bearish talk since it would mean less buyers and more renters for him which in the long run woulld drive up rental prices...

I did not mean to ask what her motive was in selling the apartment at a loss. She may just hate to be a landlord, which I totally appreciate, as I was renting out my two bedroom for a couple of years 15 years ago because I did not want to take a loss. (I know of some flippers, who are willing to become landlords and who absolutely hate to do so.) I wanted to see whether this sale is more or less a typical example of loss in value in the UES from the peak of the market.

sorry ue. i agree with UD, i don't think she did that badly. this was overpriced new construction, and she got lucky in finding a Quinn partner who apparently wanted new construction and this was the best deal he could find at the time. but that is a very small segment, UES resales of new construction. and we have isis, georgica, laurel, the 86th street properties coming on, etc. i don't think there is a typical resale market in new development in the UES yet. For coops and pre-existing condos the results are varied by neighborhood, but Yorkville, the weakest of the UES neighborhoods and where you'd usually look for loss leaders, so to speak, is falling quickly, often 20% or more (sometimes a lot more) off market highs for final listing going into contract. Hard to say right now where those closings will end up.

actually, twocities, i know for a fact that the major re houses monitor this site.

and as i'm sure w67th will admit, rentals are sinking faster than the titanic. he's just really happy he invested a long, long time ago.

AR--I don't think if I quite agree with your general statement about the UES new construction. The one at issue and the two on 86th Streets have fared much better than others in terms of contract signings and closings. The rumor is that those who have contracts at the 86th street ones and who don't want to close don't have much hope for getting all or a portion of their deposits back according to their lawyers. I agree with you about Laurel and some others, and I suspect that one or more of them may end up in some sort of auction. (I am still debating with myself and my wife if we should buy one of those ones at a huge discount in the future as investment, although we are now thinking more about outside Manhattan.)

There's a fly flying around my apartment right now and this fly represents these newbies. I keep chasing it to swat it and kill it - but it keeps buzzing around annoying as hell.

actually, i was talking about the resale market. the brompton and the lucida required much larger deposits than was generally required. and those developments are in no way automatic successes, although perversely the Lucida has fewer units so it may do better than the (in my opinion) much more attractive Brompton.

ue10021, where are you now, do you have kids, and are you in a hurry? those questions are all important to your decision. if you are young, and have been saving and waiting, think long and hard before making a decision that can't be reversed easily. take your time, wherever you are buying.

what has been the rate of housing creation in this country the last five years? what has been the population growth? we have enough housing in this country to last us for 10-20 years, and that includes the burbs of Manhattan. and more so if you consider the real demographic trends, including Manhattan baby boomer sales trends..

cccharley, let's just get a bigger swatter. Drinks soon?

What a joke. This is the third (3rd) discussion I've posted this, but I think it speaks volumes:

From last weekends Barron's. VERY disconcerting.

The Housing Hurricane Will Howl Again
By MIKE MORGAN
This is only a lull in the housing hurricane.

WE'RE OUT OF THE EYE OF THE HURRICANE, but here comes the back half of the storm. A lot of people think that we've seen the worst of the housing crisis. They're talking about green shoots and glimmers of hope, when they should be back in the storm shelter, preparing for a flood of inventory that will overwhelm the markets and produce another round of falling prices

For the past few months there has been a semi-moratorium on foreclosures. Most institutions with delinquent mortgages didn't foreclose. The signs that blanket many neighborhoods have been posted by a fraction of the lenders. Now the rest of the banks are rushing to get their properties on the market.
[ov]
Christoph Hitz for Barron's
We're still supporting misguided programs that only add to inventory woes. They encourage builders to put up more homes and penalize anyone else trying to sell a home.

As a Florida real-estate broker who works with bank asset managers to dispose of foreclosed properties, I get a good view of this market. From December 2008 through mid-March 2009, the number of asset managers calling to discuss REO (real estate owned) properties on their client banks' books dropped by more than 80% from the level at which it previously had been running. In the past two months, however, asset managers have been busy, with most interested in how many properties we could handle at once.

Law firms for banks are once again lining up to file foreclosures and to process evictions. The asset managers we work with have warned us to expect a flood of properties, beginning in early June. This will hit as the number of potential buyers continues to dwindle. Builders, traditional sellers and investors who entered too early are already loaded with REO properties.

ALL OF THE OBAMA administration's attempts to revive, resuscitate and shock the housing markets into recovery have failed. Potential buyers can't purchase homes when they are losing their jobs, regardless of how attractive the credits and mortgages are. The price of homes will continue to fall until the properties are affordable for potential buyers.

If an investor could purchase a home and rent it out for close to breakeven, we might be getting close to a bottom. But we are nowhere close to that level in most critical markets. Until it is approached, prices will continue to fall. In fact, the negative cash flow now evident, along with the flood of properties coming into the inventory pool, warn of lower prices.

There's no light at the end of the tunnel yet. We're still supporting builders through misguided programs that are only adding to the inventory woes. California decided to offer a $10,000 credit to buyers of new homes, on top of the $8,000 federal credit. But California made the $10,000 available only for new homes purchased directly from builders. That shows the power of the builders' lobby, but it only adds to California's housing-industry problem. It encourages builders to construct dwellings we don't need, and it penalizes anyone else trying to sell a home.

Housing inventory soon will flood a market in which more than 500,000 homes are being built each year, even though the annual sales pace for new homes is closer to 300,000. We must also deal with a system clogged with impossible short sales, a surge of second and vacation homes being dumped, and third-wave flippers realizing that they entered the market too soon.

FOR THE BANKS, the back half of the hurricane will destroy balance sheets, unless the Obama administration comes up with another plan to mythically mark these assets on the books. Or we might see some chimerical plan to write down mortgage payments, or move toxic mortgages into a dark pool, or create some new illusion that glosses over the problem.

Our experience with banks' selling REOs is they realize about 50%-75% of what they initially think they will get. Moreover, their expenses to bring these properties to market and manage them are growing. Court systems bogged down with foreclosures are raising fees so that they can hire additional staff. More and more homeowners being evicted are stripping homes to the bone, removing appliances, fixtures, carpet, cabinets, air handlers, motorized garage-door openers and anything else that they can carry off or sell.

Unemployment presents a two-pronged problem. If homeowners lose their jobs, they have difficulty meeting mortgage payments. And a high jobless rate forces more people to put their homes on the market.

During the housing bubble, many second homes were purchased with the mythical equity from primary residences. These second homes are coming onto the market at an alarming rate, as many middle- and upper-class sellers need to raise cash. In some very exclusive private communities in Florida, where home prices are in the seven figures, more than 50% of the homes are on the market. (For more on the vacation-home market, see Cover Story.)

Unfortunately, there are no signs of recovery, despite the hype and the twisting of numbers in many media reports. The end of the unofficial moratorium on foreclosures, combined with rising unemployment, signals that the back half of this housing hurricane is only just beginning.

MIKE MORGAN is a real-estate broker in Stuart, Fla., He owns Morgan Florida, which offers residential, commercial and investment real-estate services and research.

AR - Oh yes - thought about calling you today. Inoteca has outdoor tables now - we went for lunch and lots of wine after MSP kid's day. Next time for sure.

TwoCities,
http://en.wikipedia.org/wiki/Viral_marketing
A little 'somein-somein' to wrap your brain around. This exactly how viral marketing works.

Just because I'm paranoid doesen't mean that they are not actually out to get me.

Think about it. Is there a home hunter in this town that doesn't check this site? Are they impervious to the tone of the market set on this site? If I'm a newbie to the game the right thing to do is paste yourself to the chat boards until you have a handle on market notions. If the regulars are calling for the dimise of western civilization it might give you pause in the purchasing arena.

Allow me to repeat,If I owned a RE company and I saw my employees 'doing nothing' I'd say,"get off your ass and get on line and start spreading some cheer and see if you can alter the zietgiest."

That's just me. I'm a proactive small business owner who believes in marketing.

Falco, you are so correct. and tomorrow i'm going to recommence my why doesn't this listing have an apartment link and can i come up with comparables nonetheless thread. to my biased eye it seems as though there is some real hate being spewed, if you (the bulls) feel that we have no influence, why attack anyone? you're right, so why fight?

the hubby had a great take this afternoon, as we were driving upstate. in 1932, he said, as people were carting their funds in wheelbarrows to buy their bread, do you suppose someone was exclaiming "economy turning around, manufacturers of one-wheel conveyeances kicking some ass." and then today, at the prospect of a swine flu pandemic, with all its lost production issues, someone saying "pfizer (or whoever makes tamiflu) is kicking some booty, the economy must be doing so too."

"Aprox Closing costs on buy side for new development over million - 5.75% or $145,000 or so

Aprox Closing costs on sell side - lets give benefit and say 4% broker commission, and transfer taxes and other costs, lets add 2%. 6% of 2.14M = $128,400"

I think you are a little high on the buy side (unless they took out like 95% financing and paid the recording tax on that amount) and low on the sell side. But of course this is a nitpick not not really meaty IRT the concepts at the root of the discussion.

"680K for the Lefrak family. A drop in the bucket. It's like us losing 100 bucks in a casino.
What's the big deal?"

Well, it wasn't the hole Lefrack family who bought it. But I agree in principal and add on top of it: children of rich parents who have had everything "just handed to them" are the most susceptible to overpaying for everything. And we don't know the reason why they sold: the assumption that they "sold now because they thought if they sold later they would lose more" is, I think, a bit bit of hearing hoof beats and exclaiming "Zebras!". Actually, if they closed in December on the buy and May on the sell, odds are they never moved in and there are many possible explanations. One is fairly common in new construction: they bought off of floorplans and 2" x 2" samples of the materials being used, and when they walked into the finished apartment for the first time, they went "Ick. This is what we bought?". There was an article in the NY Times a while back; I'm thinking it was around 2000 because my brain is linking it with the closings at Zeckendorf's 515 Park. there was a more recent article about a slightly more nefarious version of the same thing where stuff is actually different than what the buyers thought they were getting ( http://www.nytimes.com/2007/03/25/realestate/25cov.html?scp=1&sq=buyers%20unhappy%20finishes%20floorplans&st=cse ). And speaking of Zeckendorf and this issue, I remember when they were doing the closings on Zeck Towers (Union Sq) and there was someone who bought a unit on the ?first? residential floor with the bih setback so they had this huge outdoor space. The 'rendering" they were shown had a beautiful landscaped space, but what they got looked like a mushroom farm with loads of caps various exhaust systems on lower floors. I know they sued over it, but I'm not sure i ever heard the result.

In any case, using what some celebrity, rich kid or similar did as a good example of what is going on in any RE market is usually a bad idea, because they make their decisions with even less regard for the consequences than the average idiot.

E.g., Ms. Tisch at 834 Fifth.

A buyer at 515 Park just lost a case against the developer. (Kesura v. Z-something.) Sounded like typical buyer's-remorse grasping-at-straws kind of thing.

aboutready... give your little one a 5 sec hug from our family.

And absofuckinglutely... rents r going way down... but I don't mind... I've got no debt, my commercial tenants are nailed in for 5 or 6 more years, wife went private practice 2 years ago and $1MM in cash. My co-op is taking it in the shorts, but my mom likes the place and having your mom watch your little ones is priceless.... therefore = net net my "relative" net worth vis-a-vis the overleveraged I-bnker/RE Broker is thru the roof!

NWT... nice nice nice... told ya... buyer's remorse is a terrible basis for a lawsuit.... hey how the fuck are the Rushmories doing?

AR--I read about your life story (as narrated by yourself in some other threads). So I will tell you mine a bit. I am definitely older than you are. I and my wife are lawyers at large firms in NYC (just like your husband). I own my place in the city, which we bought a long time ago and which we will live at for some more time. We have lived in the UES for many years because of the schools. We have a house in the island, which we bought more than a decade ago. Whatever we are going to buy is for investment purposes only, although we may downsize in the future. I seriously considered buying an apartment in Boston, where I go many times a year and where I have many relatives. And, I have followed the Boston market for the past 20 plus years. (BTW, the Boston market is a very different one from anywhere else, so if you want to write something about RE, you should study it.) I have bought and sold real properties for decent profit (other than the first one, and I learned a lot from that experience.

I started visiting this site some months ago, because first I thought I would buy an investment property in Manhattan. Then, I am looking more at some towns in Fairfield County. I have not been able to find too much information about the area I am interested in (other than talking to people who live there and some brokers). I thought that Manhattan is a pretty good proxy.

I am not siding with either bullish or bearish view of the RE market. My objective is to gather as much information as I believe is relevant.

To CC (and to a less extent AR) I don't know who you are or what you do, and I could not care less. I did not write about myself because I look down on you. I rented for a number of years after I had started working in Manhattan. Unlike a couple of some unpleasant people on this board, I did not have trust funds or was married to a rich guy's daughter. I don't know what your problem is. Why can you not take information or view you don't like as it is? People like you or posts like yours help SE lose credibility.

ue10021... what'd you get on your SAT and what field of law do you practice? :)

i came very close to responding. and then i thought, why?

ue10021...AR and CC add so much to SE in a positive and, at times, amusing way...SE would not be the same without them...

leave this one to me... AR.... ue10021.... howz the sat score? do you like U2?

Yo Julia.

yo w67th, you be the man, and i love any and all of your love.

ue, i do believe that you've been on here under false pretenses, no? did you not ask questions that you and your fatuous self found already mostly with an answer?

are you here to aid the people who have never bought, who might need or want some assistance? a big F you to you, dude. and i doubt you are much older than we are. just nastier.

ue, you are clueless. You just don't know.

mimi, can't wait to meet you. you had the most lovely message, full of the most sincere and genuine of thoughts, this past new year. so much negativity roiling around now, no?

AR--what I siad was in response to your post. And, I am a lot older than you are--I don't know about others. And, I am not on this in any sort of pretense. If you can search what I said about a couple of buildings (Lux on UES and one in Midtown East), which I really know well because I saw them and thought about them more than they actually deserved my time, I said not to buy at all or wait for more price cuts. I did not know that this site is supposed to help first time buyers, but I never said to anybody to buy anything. So I have no hidden agenda or, as some people may say, I am a broker pretending to be somebody else. I do not know what the so-called bullish people did previously as I did not care about this site at that time, but clearly many posts are very biased. In any case, where do you think I got nasty? I do not use any F or S words here or anywhere else. It appears that those who are active on this site prefer not to have different views posted here, which is too bad. BTW I did not mean to say that you or others to stop posting; I meant to suggest that you and others accept different views or information as such. In any case, you and others can have this site. Again, I could not care less.

oh, and by the way, how could you possibly know how old we are? and if you are close to retirement age, then you're part of the demographic i find quite interesting in terms of many, many things, if not well, then i'm sorry you bought a declining asset.

ciao baby.
no need to rent, happy where i am, not overextended.

"are you here to aid the people who have never bought, who might need or want some assistance? a big F you to you, dude. and i doubt you are much older than we are. just nastier."

Whooooa, where did this comment come from? I re-read what ue wrote and I do not understand why aboutready would respond with such venom.

The only one being nasty, in my humble opinion,is aboutready....did you wake up on the wrong side of the bed this morning? Why such a strong negative reply to UE's posting? It was rather harmless....but to be fair...I agree with him 100%...you and many of the bears here (and some bulls too), are very closed minded to other differing opinions and have a know it all attitude.

we're 46 and 48. not young. and my language aside, i'm hugely supportive for a bear. i'm really bemused by the directed personal attacks here. there are a number of them on this site, and i'm very supportive of those who wish to purchase, generally. so why do people feel the need to cast such directed nastiness this way? perhaps because i have no desire to purchase, and i aim to help those who wish to buy to get a decent deal?

twocities, of course you would agree. but then maybe you hadn't been answering questions that you thought had been profferd in good faith.

of course your attitude is all encompassing, no know it all at all.

to those who i care for, and who have a care, peace and have a great weekend.

maybe I'm a little slow here, but what exactly was so insulting about UE's post?

Only for AR--I am 51. Again, which part of what I said was personal attack? To repeat, I think you and others (including bulls, as TC said) would benefit from taking different views as such rather than characterizing them as enemies. (Somebody made me a bull on another thread, which is hilarious, since I have been telling my friends to wait for some time. Again, find anything here which even remotely suggested that i have ever suggested to buy anything.)

please. if anyone has any issues they should just read the thread. if you felt you had all the answers, why ask the questions, if then only to...

that is what pissed me off. disingenuous behavior. don't waste my time if you feel you already have the answers. if you disagree with the advice i give to others, fine, say so. if you have something else to offer do so. don't lurk and then pounce, not sporting and not something i respect. although i doubt you care what i respect.

You should re-read them yourself. I asked about the UES price drop. You then went on to talk about all UES new constructions, and I said I would agree with you on some and disagree on others. You did bring up the point I did not talk about. There is really no point in continuing with this, however. It is you who are making personal attack. What do you know about what I respect and what I don't?

perhaps i confused you with another. if so, i apologize. i have no interest in spewing negativity, and if you have been reading some of these threads over the last couple of days, you might understand my pissiness.

that doesn't excuse bad behavior, though, so if i misdirected my abuse, i am sorry. now where did that abuse go and i need to redirect it, immediately!!

although, btw, 51 is not that old. and you shouldn't assume that those you are talking to on boards such as this are so much younger than you.

Way Way cheaper than therapy...

UE10021 - do you mean me? I said nothing directed at you. Guess you didn't know who I was talking about. Please disregard my comment because has I said - not you it was directed at.

I'm with 30yrs on the conspiracy question. Looks more like freelancing than a coordinated industry response, and the freelancers may sincerely believe they are offering a counterbalance to the prevailing bearish view on this board.

On the wider question of Streeteasy's influence on the market, I doubt there has been much impact yet. The market movement that has been observed so far is easily explained by deteriorating fundamentals. At this point, nascent social networks like Streeteasy are like a few little cockroaches in a restaurant kitchen. At first, the cleaning crew just squashes them and goes back to work. I think we're at that stage, with the dishwashers ad-libbing a response. Eventually, management sees a real threat to the business, and calls in a professional exterminator.

Social networks have gained stunning influence over all sorts of important life decisions. Businesses that ignore that influence usually wind up regretting it. REBNY infiltration of this board may be a paranoid delusion of grandeur, but I think one can assume the industry will eventually seek ways to turn communities like this one to their advantage - or at least to neutralize them. The injection of "fair and balanced" contrary content is one likely tactic.

well written, west81st, and for most of the posters i would concur. i have my doubts, however, about a couple of them.

West81st, as always, speaking words of wisdom. Thanks.

AR--I am going to accept your apology although I was not looking for it, because I believe that I did not attack you personally or did not ask questions for which I already knew the answers.

CC--forget it, and my apology if your comments were not directed at me.

W81--to make it clear, I am not suggesting that this site or other similar sites should present both sides of an argument in a fair or balanced way. That will not happen. This is not a panel discussion with a moderator directing the traffic in both ways. What I am suggesting is that both bulls and bears try not to engage in personal attacks. A while ago, there was a thread about education in Manhattan, which is a topic of interest to me, and then this guy who claimed to have been married to a billionaire's daughter managed to turn that thread into a nasty shouting match. I stopped reading it. If one does not agree with a view or fact of another, simply disagree and present a different view or fact, so that people like me can continue to read the thread and get whatever information sought.

ue10021, once again, my error.

personal attacks are impossible to avoid here, although it does seem as though we go through cycles, sometimes going nearly a month without any unusual vitriol, and then a spate of negativity seems to roil the board for a couple of weeks. i have been guilty myself, but i'm trying very hard to use the ignore button, because, really, life is too short to get agitated on a board like this, and life is much better when the children play nicely in the sandbox. it is annoying when it appears as though someone is trying to sabotage the site, and that happens not infrequently.

start a new education thread. also you might want to do a search, there have been a number of decent discussions on education issues. it's one of my favorite topics, and nyc10023 and others have much to offer on the issue.

note adjacent thread re: deflation if you want to see an example of some brilliant postings.

LOL!
You have A LOT more apologies to ditch out aboutready.

aboutready is the only one who's allowed to make personal attacks. You see, she's a free spirit, mother hubbard dresses, barefoot in the park —NOT. With a Napoleon complex and A LOT of time on her hands. Waste of time (and space).

well, 10021, there you have it!!