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This board is full of Idiots thinking they can tank the market with lies

Started by anonymous
about 19 years ago
Posts: 8501
Member since: Feb 2006
Discussion about
People, the market in Manhattan might slow down even though the signs are pointing up but it will not crash. Too many people want to live here. All the new construction isn't sitting empty in fact it is being bought at a reasonable pace. If you think the market is doomed why do you come to this site? Keep paying rent (i'm a landlord so i love it) and keep waiting for the market to 'correct.' The longer you wait the lower your chance of ownin anything. Soon, you will have to leave your 1 bedroom b/c the rent is getting too expensive and settle for your alcove studio b/c its rare that your income is keeping up with the increases in rent. Best, landowner!
Response by anonymous
about 19 years ago
Posts: 8501
Member since: Feb 2006

We raised our rents after getting tired of people saying the sky is falling.

If they are right, then we need more money saved to buy more rental units when they
are discounted for 50-70%.... :)

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Response by anonymous
about 19 years ago
Posts: 8501
Member since: Feb 2006

Rental Units will not fall. The condo market is slowing. Look at closings for the past 30-60 days.

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Response by anonymous
about 19 years ago
Posts: 8501
Member since: Feb 2006

#4, thank you for your input.
The market can be summed up as follows:
Good apartments are selling and bidding wars, though less frequent, still occur.
Crappy apartments are not selling and their prices are dropping as they should.
When properly priced apartments come to the market, they sell.

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Response by anonymous
about 19 years ago
Posts: 8501
Member since: Feb 2006

#5 is a guy

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Response by anonymous
about 19 years ago
Posts: 8501
Member since: Feb 2006

last week on streeteasy boards, the market was gonna correct 30% by the end of 2007.

this week on streeteasy boards, its gonna correct 50-70% in the next 12 months.

next week on streeteasy boards, they'll be giving away 2 BR apts for free in 2009.

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Response by anonymous
about 19 years ago
Posts: 8501
Member since: Feb 2006

This board has at least one idiot who thinks he prop the market up with one post.

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Response by anonymous
about 19 years ago
Posts: 89
Member since: Oct 2006

Keep renting!!!! Love it...

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Response by anonymous
about 19 years ago
Posts: 107
Member since: Nov 2005

You mean we can't tank the market by posting? That's disappointing...

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Response by anonymous
about 19 years ago
Posts: 57
Member since: Apr 2007

keep trying you just wont succeed in the big apple

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