read this article from us news &wr

Numbers like 5 or 20 years are meaningless. Nobody really knows.

All real estate is local...

Yes and locally more an more people living in Manhattan are losing their jobs.

http://www.usnews.com/listings/ten-cities-facing-the-next-real-estate-bust/7 Oh lookie we made the "10 Cities Facing the Next Real Estate Bust" list. lovely

this if primarily talking about commercial not residential.

It doesn't matter whether it's commercial or residential. The downturn of commercial real estate has a domino effect on residential.

It doesn't matter whether it's commercial or residential. The downturn of commercial real estate has a domino effect on residential.

Probably not... Should act more like corporate debt. But it to the extent that this is a DSCR story , it may speak to the health of the local economy if rents are down or anchor tenants are failing or if multi-family complexes are forced to lower rent...

riversider, the bottom line is that things suck. really. and big time.

cmbs? rmbs? credit cards? pick your poison.

and you are so wrong. cmbs includes such shittards as PCV/ST, no? and that's what's going to send this market down. rents.

btw, you claim to really like calculatedrisk. maybe you should read a few more of his entries. and not just look at what he's putting up for today's statistics. and ones that support your theories.

you don't seem unintelligent, so i'm starting to think you're either sloppy in your research (as i have indeed been myself, but only a couple of times), or just agenda-driven but in a slightly more presentable form. and your political thread? i hadn't read it, but you frighten me.

A.R.
multi-family complexes are forced to lower rents

and what's with the passive agreesive personal attacks? Chill it's just conversation.

riversider, for one last comment, and then i probably won't comment anymore.

what a remarkable juxtaposition between the banks are evil and guilty of everything and the people are stupid and evil. if almost everybody is evil how in the hell do you think NYC real estate prices will return to normal (air quotes) in five years.

me think someone doth protest too much.

LOL have a good nite.

really? fascinating that this is the first time you come up with that line. in all our arguments. and have a good night also.

actually, don't have a good night. i went to your crazy place. Of course there are many interpretations, none of which have the slightest f'ng thing to do with NYC real estate, unless you think for some reason the whole complex will collapse, which isn't your opinion.

Wow , just heard about this.... Of course there are many interpretations....

http://freerepublic.com/focus/f-news/2326939/posts

How many times sellers PRICE CHOP after Labor Day before the whole system corrodes SELL!!!!

sunclaus, much more interesting question. what i will find very interesting is that we have imperfect but better rental info in that it's reported it's much more real time than sales. but those rental numbers won't affect sales numbers until third quarter. i'd be hesitant with all the cash being shoved into the system to think that even those third quarter prices represented anything.

"Also, remember we have a $9 trillion debt to pay back"

No we don't:

http://www.theonion.com/content/video/u_s_government_stages_fake_coup