Today in W'Burg News.

> As JuiceMan said, you really are the most contentious poster here.

And you complain about mutumbo backing me up. Thats pretty funny. Juiceman... that guy is a step away from SteveF.

> All factors in the buying and selling of real estate are tied - you're now presenting tautologies to
> make your case?

Nah, my case was made about 3 seconds after I cut and paste what you said and pointed out it was pretty off.

The rest is just you repeating yourself....

> As if it's wrong to explain the immediate factors affecting the market here? Come on.

Its wrong if you get the factors wrong!

particularly missing the biggest one...

"Even harder when you still don't know what a strawman is."

Again I do, but you seem to believe you're completely incapable of making one, when you do it quite frequently.

"So, now things are getting snatched u "quickly" in Williamsburg? Really? Thats funny, the stats show otherwise."

In the examples I have, absolutely, so the stats actually do show this (Bedford/South 2nd leased out in one day, 72 Berry sold out in a few weeks).

"You are missing the point here entirely. At *some* price, inventory will clear out. That doesn't mean you didn't have too much inventory."

And what exactly is "too much inventory"? That's the issue that was really debated if you went back and read the thread from the beginning. I said more housing is good and will keep things relatively affordable, to which mutombo responded "delusional." It is not true that all inventory will clear out at some price in all situations - in the case of a true surplus, you literally couldn't give away the apartments.

"Thats pretty funny. Juiceman... that guy is a step away from SteveF."

Way off - I know you disagree with JuiceMan often (not hard considering you vociferously disagree with pretty much everyone here at some point), but he is no steveF, not by a longshot.

As well, I do believe units will be occupied but at what cost? The Office of The White House released a statement, notifying citizens of the U.S. the economy will do worse than expected, will this have an negative effect on housing, of course, wishful thinking from you dreamer. The bubble did not inflate overnight, it will not deflate overnight.

You're the same person who's against the 20 million dollar pilot program as you feel it will have a negative impact on YOU and stated you don't see the pilot program coming to NS of W'Burg because NSW has enough affordable project units. The pilot program is not concerned with the quantity of affordable project units in a particular neighborhood the P.P. wants to fill projects that are completed and have a high occupancy rate and help developers complete unfinished projects using 20 millions dollars of taxpayers money, gov't funds, W'Burg meets those prerequisite LOL. The RE bubble will continue to deflate as long as this economy depressed. Attempt to stay classy.

Well, a development in Billyburg, who shall remain nameless, is certainly investing manpower into posting unrealistically positive reviews on this site in the last day or two. I wish them luck.

nyc212,

In the last day or two, or in the next day or two?

bjw2103,

You can add this to your template for the NS of W'Burg.

http://curbed.com/archives/2009/08/26/renderingrenderingreality_burgs_40_berry_unveiled.php

"The bubble did not inflate overnight, it will not deflate overnight."

mutombo, I didn't say it would.

"As well, I do believe units will be occupied but at what cost?"

So, after all this, you actually agree with me? It is to laugh. What do you mean by "at what cost"? To whom? I don't think anyone knows for sure, but the pricing at 72 Berry seems like a good place to start the discussion at least.

"You're the same person who's against the 20 million dollar pilot program as you feel it will have a negative impact on YOU and stated you don't see the pilot program coming to NS of W'Burg because NSW has enough affordable project units."

Again, don't put words in my mouth - I actually said this was a good thing. I don't think much of it will go to this area though, but I could certainly be wrong. I suspect the money will go to areas further outside Manhattan, but frankly, neither you nor I have much of a clue what they'll decide.

"You can add this to your template for the NS of W'Burg."

It's been rentals from the start - my "template" was for sales, though it would be nice to see all the rentals coming up too, to get a more complete picture. I suppose I should remove 229 North 8th from the "template" actually.

bjw2103,

"As well, I do believe units will be occupied but at what cost?"

"So, after all this, you actually agree with me? It is to laugh. What do you mean by "at what cost"? To whom? I don't think anyone knows for sure, but the pricing at 72 Berry seems like a good place to start the discussion at least."

LOL, no, I don't agree with you, not "cost" as in dollar amount but "cost" as in the overall effect possibly a negative effect.

nyc10022,

what is the name of your post pertaining to the 20 million dollar pilot program?

bjw2103,

If you don't have a clue why would you say "I don't think much of it will go to this area though" and "I suspect the money will go to areas further outside Manhattan," infact, most over developed areas are relatively close to MnHtTn outside of MnHtTn. I will find that original thread to make you eat you own words. You are the biggest agenda I've seen in all my short life LOL.

Your inventory template only illustrates "sales" pertaining to the NS of W'Burg LOL I have the hiccups. Your I.T. a false representation of units available in the NS of W'Burg and W'Burg overall.

I found the thread the title is "City to Turn Unsold/Stalled Condos into Affordable Housing - Willamsburg?

http://www.streeteasy.com/nyc/talk/discussion/12808-city-to-turn-unsoldstalled-condos-into-affordable-housing-willamsburg

Agenda laden or what?

I think this a good move by the city, but 400 units isn't really a massive number at all. Since they're targeting small and mid-size developers, it'll probably be scattered throughout the city, not focused on any particular neighborhood. I also don't think this has much to do with stalled construction sites -there's no indication here that the city plans to finish construction (or in some cases start it) itself. On top of that, the larger developments in Williamsburg already have a sizable affordable housing component, so I highly doubt they'd be targeted. We're probably looking at neighborhoods that are mostly pretty far outside Manhattan, I'd guess - south and eastern parts of Brooklyn, parts of Queens, etc.

bjw2103,

This pertains to you. I could not find the post the address was attached to but the link is just as good.

http://knowledge.wharton.upenn.edu/article.cfm?articleid=2257

"LOL, no, I don't agree with you, not "cost" as in dollar amount but "cost" as in the overall effect possibly a negative effect."

Again, negative effect on what? It's an empty statement.

"You are the biggest agenda I've seen in all my short life LOL."

What is your first language? Because it certainly isn't English.

"Your I.T. a false representation of units available in the NS of W'Burg and W'Burg overall."

See point above, but also, if you think it's false, you should probably demonstrate a credible number that says otherwise. You sure complain a lot.

"Agenda laden or what?"

What. Seriously, what kind of agenda are you reading in there? Stick to blocking shots and humanitarian efforts in the Congo - you were much better at that.

"This pertains to you."

Hilarious. Hell-bent on judging someone anonymously over the internet? I really think you're projecting and hope you can be happy someday.

bjw2103,

You make it way too easy.

"LOL, no, I don't agree with you, not "cost" as in dollar amount but "cost" as in the overall effect possibly a negative effect."

"Again, negative effect on what? It's an empty statement."

The housing market in NYC.

"Your I.T. a false representation of units available in the NS of W'Burg and W'Burg overall."

"See point above, but also, if you think it's false, you should probably demonstrate a credible number that says otherwise. You sure complain a lot."

You're the one demonstrating you should demonstrate as accurately as possible. I don't think its false I know its false and its a misrepresentation of units available in NS of W'Burg but W'Burg overall and its wrong. You're trying to soften the cushion with your I.T. as way more units are available and you know it LOL. I remember when someone said 5k units are coming to W'Burg then you created that I.T. I pondered on it and caught you with your hand in the cookie jar it took me sometime but better late then never. After you have been called out on your I.T. you are now explaining your creation in detail LOL.

"you should probably demonstrate a credible number that says otherwise."
You put your workload off on people thats how you get by.

I complain a lot like nyc10022 defended me, we pointed out your consistent incorrectness and blatant lies and you don't like it, how do you sleep at night?

"What. Seriously, what kind of agenda are you reading in there? Stick to blocking shots and humanitarian efforts in the Congo - you were much better at that."

You can't be that simple, maybe you are. The article posted by nyc10022 and your response. The only reason you responded to the thread was inpart to "Willamsburg" at the end of the title, full title of thread "City to Turn Unsold/Stalled Condos into Affordable Housing - Willamsburg?" First you gave your incorrect overview of the article nyc10022 had to reiterate what the article was about an again, pointed out you were incorrect.

Do you know what a pilot program is? Obviously not, "400 units isn't really a massive number at all." I thought a pilot program was a test to see how a program would function before ending or extending the program, am I correct?

Again, all you have to do is read the dialog between nyc10022 and bjw2103 and you will read directly into his agenda and lies. Stay classy

""Again, negative effect on what? It's an empty statement."
The housing market in NYC."

Yeah, again, an empty statement. Will it help make housing more affordable? Yes. I don't think that's a "negative effect."

"You're the one demonstrating you should demonstrate as accurately as possible. I don't think its false I know its false and its a misrepresentation of units available in NS of W'Burg but W'Burg overall and its wrong. You're trying to soften the cushion with your I.T. as way more units are available and you know it LOL. I remember when someone said 5k units are coming to W'Burg then you created that I.T. I pondered on it and caught you with your hand in the cookie jar it took me sometime but better late then never. After you have been called out on your I.T. you are now explaining your creation in detail LOL."

There's a lot of unintelligible gibberish in there, but I think I got the idea. You think it's "wrong" and a misrepresentation? Demonstrate why instead of more of you nonsensical bs. I've posted actual data - you post nothing.

"I thought a pilot program was a test to see how a program would function before ending or extending the program, am I correct?"

Yes, but apparently you're just assuming it'll be a success and that they'll have more money for it. In Theo Epstein's words, you're "no Rhodes Scholar." Stay classy.

bjw2103,

You're a hot mess. I am classy, Rhodes Unscholarly. HaHaHa

bjw2103,

The L, I, E, S keys on your keyboard must need more regular tuneps than the rest. LMBBAO.

bjw2103,

"I've posted actual data - you post nothing."

You posted misleading data, I'd rather post nothing than post misleading data.

"Yes, but apparently you're just assuming it'll be a success and that they'll have more money for it."

Where did I assume the pilot program will be successful and the gov't will have more money for it?

bjw2103,

"Just look at the rental building that leased out in a day on Bedford Ave vs some of these overpriced developments that end up languishing on the market and end up in foreclosure."

"The building on Bedford Ave that "leased" in one day what did the rents go for? Was this building slated to be a condo?"

"The Bedford Ave/S 2nd St rental had prices from $1800-3300 for studios-2BRs. Those aren't stellar, but they're decent, which is one of the reasons it went so quickly. I don't believe they ever intended to sell the units."

http://curbed.com/archives/2009/08/21/229_n_8th_goes_nondo.php

Stop disseminating false information.

"under normal conditions, with appropriate pricing, there would be plenty of demand for new housing in NYC."

"Exactly - great post!"

Since were in abnormal conditions, with inappropriate pricing, there will always be a demand for housing but now we have oversupply of housing in NYC.