crash

See, this is the kind of moronic hyperbole that makes even me skeptical of the bear argument. Knock it off. If you're such an oracle, why have you played the market and retired to some exotic and expensive locale to live off your filthy lucre? What are you doing posting on an anonymous real estate board if you're so smart about the market? Go make some money at it instead of giving it away for free!

What the f**k are you talking about, dmag? What are you basing this statement on? Anything at all to back it up?

the market is toast. dmag is saying whats true. the two things that fueled the manhattan RE market are gone. easy lending and obscene wall st. money. both are gone. hence RE crashes.

@dmag2020 you are a pathetic moron .

He is being a little dicky about it...But the idea that the last of the hopeful buyers/bonus getters have bought, and now we are going to see the first 'Post Lehman' slow seasons...its pretty ominous. Also realize the rental market is smoke because banking hiring of undergrads and MBAs is down 70%. So the normal (or accelerated) outflow of families continues... Here is no one in the wings to take over those rental units.

Run for the hills!