Just the facts bulls, just the facts.

I can assure you that the median purchase price of a non-doorman 2br co-op (assuming NOT convertible 3) in 2000, UWS, was not 670k.

coward v moron. depends on context i would say....

two guys in a bar...coward way, way worse.

a guy and a gal on a date...think moron creates larger potential problem.

on anonymous boards...equally insulting.

CC: Waste of time, this thread. If LICC was actually around in 2000 and looking on the UWS, he'd be singing a diff. tune.

Miller Samuel's numbers are based on closed transactions. Sorry if facts get in the way of your fantasies.

What exactly is the fantasy? Your claim is what, that prices were 20x rent in 2000? You are such a delusional piece of shit.

Rhino, give it up. LICC cannot even address any point that I make in a specific way because there is no rebuttal. He is wrong. Miller Samuel's #s are generalities which, if you didn't know the market for co-ops, condos & rentals on the UWS, would be misleading. BTW, for our first apt, I had Miller Samuel do an independent appraisal and they came in pretty close to the sales price.

If somebody makes a moronic remark, should they not be labelled a "moron". If they persist in their moronic statement despite clear and convincing proof to the contrary, should they not be labelled a "complete idiot"? Does anybody disagree? Life would be much simpler if morons weren't so obtuse all of the time and just admitted they are wrong.

JM - it occurred to me, did you not just condemn people for calling LICC nasty names and in the next breath (metaphorically speaking) label all such people "douchebags"?

Yes, I have never been very good at practicing what I preach. Plus, I have a real affinity for the term douchebag and try and use it wherever it fits.

AR: leaving for a month! Holy bejesus, you gotta be rich to think like that in that in the first place, and you make us think your spouses lawyering is simply win some lose some!

so how was that, quoting 2 movies in one poorly constructed sentence

I just go with "d-bag" - quicker to type. Thanks to Howard Stern for popularizing this term.

look at this graph again:
http://www.realestatechannel.com/news-assets/GraphC.jpg

particularly look at years 84 thru 87 vs 99 thru 02.

then, just as we're about to have a somewhat "normal business cycle, next thing you see on the graph is "CMBS issuance explodes", and what happens?

BSexposer - I am not very plugged in to the RE jargon - can you point me to a definition of cap rate and GRM for this chart?

http://www.realestatechannel.com/news-assets/GraphC.jpg

Sorry for being dense and thanks in advance

"is being called a coward better than being called a moron?"

A coward dies a thousand deaths, a moron doesn't realize he's dead.

p09, very nice. but i'm staying in walk-up youth hostels, clearly, flying as a courier, and consuming bread, cheese and very cheap wine on park benches.

Cap rate - http://realestate.about.com/od/knowthemath/ht/cap_rate_calc.htm

GRM just is referring to the price-to-rent ratio - http://thismatter.com/money/terms/p/price-to-rent-ratio.htm

Actually GRM is not exactly identical to p-t-r ratio, but close - http://books.google.com/books?id=WeUfrANbecAC&pg=PA98&lpg=PA98&dq=grm+price-to-rent+ratio&source=bl&ots=Z2CX6cbRzy&sig=dEWP5kENDlbL3cnKVeQpsWzLuCc&hl=en&ei=D9AySsDfAqW1tweTvKT5Dg&sa=X&oi=book_result&ct=result&resnum=3

Thank you for these references - sometimes I feel like reading these boards ought to be worth some kind of 3 credit collegiate class!

(...and then there are other posts where sometimes I wonder what is that guy / gal smokin'?)