We should start a motivational famous quote thread for those still with fear

It is easy - terribly easy - to shake a man's faith in himself. To take advantage of that, to break a man's spirit is devil's work.

This is for all those doom and gloomers...nouriel roubini!

Clever, Steve. But which way to these quotes cut? Maybe I have faith in myself that I'm right and the market will come down to where I want it.

"There's a sucker born every minute." - David Hannum

"Always do business as if the person you're doing business with is trying to screw you, because he probably is. And if he's not, you can be pleasantly surprised" Jimmy Dell (Spanish Prisoner)

I thought David Hannum would turn out to be a current-era shill for the RE industry ... but still very funny, West81st!!!

Steve - I don't know what business your in but I assume that it's not in the world of selling an actual product. The real economy is in shambles and recovery will be long and drawn out. I'm an optimist by nature and expect the future to be better than the past, but really, the approach that you suggest where fundamentals are ignored and we trade it all up again will in my opinion lead to a series of W’s and a lot of misery. The bubble in real-estate prices that occurred over the past few years has to cut off. Remember that core inflation over same period was non existent. You could make a case that the entire economic structure has been in decline over last 10+ years.

steveF started this thread just to goad me into this entry, whatever it means, so here it is:

"delaware, perception is and actual data is showing that recovery is underway. Sellers are gaing confidence that they will be getting higher prices in the near future so why sell at a lower price. In April we JUST started seeing buyers emerge. Now there are many buyers signing. Sellers can read they aren't idiots they are just driven by the old greed and fear. --steveF

"A foole and his money are soone parted."
- Thomas Tusser

"If, after the first twenty minutes, you don't know who the sucker at the table is, it's you."
- Mike Caro

"A Manhattan condo buyer between two real estate borkers is like a fish between two cats." -- Benjamin Franklin, updated

"Piss off"
- About Ready

"I'm going to stick that 52 inch TV up your ass!"
- CC

"What's your SAT score? Mine is 1300"
- W67Street

"I live in Chelsea which has a higher cancer rate than Newtown Creek"
- Stevejhx

"Fuck You"
-Carolst

I'm going to steal from someone else. from www.ritholtz.com, today. not a pithy phrase, but about as inspirational as it gets.

This is from “News from 1930” website

“There’s a large amount of money on sidelines waiting for investment opportunities; this should be felt in market when “cheerful sentiment is more firmly intrenched.” Economists point out that banks and insurance companies “never before had so much money lying idle.”

-August 28:, 1930

The more things change . . .

>

Not really relevant, but still one of my favorites:

I spent a lot of money on booze, birds and fast cars. The rest I just squandered. - George Best

Scared little pussies, afraid of the world falling apart, frozen in fear, still living in your shit ass little studio rental waiting for someone to hand you a risk free opportunity that will make you millions...well keep waiting.

"Scared little pussies, afraid of the world falling apart, frozen in fear, still living in your shit ass little studio rental waiting for someone to hand you a risk free opportunity that will make you millions...well keep waiting." -- petrofrizz

Or Alan your case - some shit hole in NJ

petro? tishman? JPMorgan mortgage?

pains me to say it, but tishman's looking pretty good.

"God works wonders now and then; Behold a real estate borker, an honest man." -- Benjamin Franklin, updated

In life there are neither rewards nor punishments, there are consequences.

R.G. Ingersol

My personal credo

"Carpe per diem - seize the check."

--Robin Williams

"The point is, Ladies and Gentleman, that greed, for lack of a better word, is good. Greed is right. Greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms: greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed - you mark my words - will not only save Teldar Paper, but that other malfunctioning corporation called the USA. Thank you very much."
- Gordon Gekko

"Williamsburg is a RE good investment and doesnt hanve gang problems nor does it sit on a toxic waste plum" BJW

"Fear tastes like a rusty knife and do not let her into your house." -- John Cheever

buy now or be shut out forever
get on the bull train

tony robbins

trinityparent, what does that mean? It's scary.

I AM AMERICA (AND SO CAN YOU!) - Stephen Colbert

Ubottom, that reminds me of something Benjamin Franklin told me: "He that can have patience can have what he will."

"Do not fear to be eccentric in opinion, for every opinion now accepted was once eccentric." Bertrand Russell

Alan Hart, here's some more of this quote... "Fear tastes like a rusty knife and do not let her into your house. Courage tastes of blood. Stand up straight. Admire the world. Relish the love of a gentle woman. Trust in the Lord." - It's from "The Wapshot Chronicle" 1974

BTW, do I have to disinfect my tomato cages for next year?

"Aware of the suffering brought about when we impose our views on others, we are committed not to force others, even our children, by any means whatsoever -such as authority, threat, money, propaganda, or indoctrination - to adopt our views. We will respect the right of others to be different and to choose what to believe and how to decide. We will, however, help others renounce fanaticism and narrowness through compassionate dialogue". Thich Nhat Hanh

OK, that makes more sense ... I'm not scared anymore.

I'm pretty new to this tomato thing, so I disinfect nothing, crop-rotate nothing, use no -cides, etc. But that doesn't make my routine the right one.

"What do you mean I can't sacrifice and eat other people's children? Are you a Republican?"

--pterozitz

lmao

'Nobody can make you feel inferior without your consent' Eleanor Roosevelt

nice manhattanfox....how about

"there are those willing to serve and there are those willing to let them" Stevef

w67 -- Funny.

Question

"Does the carpet match the drapes? --

Answer

"Well, it is not as much of a carpet as it is a hardwood floor"

"If you don't get in now, it's only going to cost you more later." - rando broker

"New York Homebuyers Try To Get Themselves Psyched Up" - Clusterstock

http://www.businessinsider.com/new-york-homebuyers-try-to-get-themselves-psyched-up-2009-9

The oft-quoted West81st!!!

Aptometrist. The article is incorrect. It is singular.

"Remain calm, all is well." - Kevin bacon

http://www.youtube.com/watch?v=zDAmPIq29ro

Not hard to figure that Joe Weisenthal is a renter. Joe here's a classic quote..."It's the beginning of a new month make sure you pay your rent."...steveF

Joe no offense, it's all fun and good.

So the sellers won't feel left out...

'there's a sucker born every minute'

Now go find one with big down payment money and excellent credit!!!

"You fool! You fell victim to one of the classic blunders! The most famous is never get involved in a land war in Asia, but only slightly less well-known is this: never go in against a Sicilian when death is on the line! Ha ha ha ha ha ha ha! Ha ha ha ha ha ha ha! Ha ha ha..."

Vizzini

a broker's way is not very sporting - adapted slightly.

For a certain broker who recently inspired a lengthy thread [now entombed in Google cache; the thread that is]:

"He that is good for making excuses is seldom good for anything else." -- Benjamin Franklin

To sum up Q1 and Q2 2009.....

"You'll get nothing......and like it!" - Judge Smails

"If at first you don't succeed, list, list again."

"If at first you don't succeed, lie, lie again."

Fear is an emotion indispensable for survival.
HANNAH ARENDT

My pubic stmt, has been peanently lazer zapped. Alan, u are on a roll. Jacques!

Official motto of the State of New York, and of NYC borker PR machine: "Excelsior!"

(For those of you who are not ancient Romans, it means "Ever Upward!")

The Real Estate Broker's Credo:

"All you need in life is ignorance and confidence, and then success is sure" -
Mark Twain/Samuel Clemens

"Jacques" was brilliant.

ah, i'm an ancient roman but i didn't know you were too. could have sworn you were french.

“If you measure the mean performance of Wayne, NJ over the last 12 months you can predict Manhattan performance 24 months from now” stevejhx

“There is no such thing as pent up demand” - nyc10022

After pent up demand occurs and inventory goes down sharply

“There is no more pent up demand” - nyc10022

"Is tuna really Chicken?" - Jessica Simpson, after reading "Tuna, Chicken of the sea"

here's one we can all relate too...

"You me give 24 dollar you get island, How"..some Indian 1600s.

It'll be worth 18 dollars in a few years.

And spent at the slots....

Talk about appreciation. I think that would be pretty much incalculable. Anyone want to give it a go?

"well, it's the total value of Manhattan divided by 400 years, carry the one..."

"Forever priced out you will."

Master Yoda

"Leave the guns, take the cannolies."

-Clamenza

"You want to know what it takes to sell real estate? It takes BRASS BALLS to sell real estate"

-Blake

"Backstabbers of the world, unite and take under."

"Let he who has not been stoned cast the first sin"

David Brock, Hawkwind.

"You're walking around blind without a cane, pal. A fool and his money are lucky enough to get together in the first place." Gordon Gecko.

Read this in a "Herman" cartoon quite some years ago, but it stuck with me:

"the beatings will stop when morale improves"

The problem with people who have no vices is that generally you can be
pretty sure they're going to have some pretty annoying virtues.
-- Elizabeth Taylor

"The seller doesn't make the price, the buyer does" - Thomas Hobbes

Fools rush in

"A contract is a contract is a contract... but only between Ferengi" - Klingon proverb

{It sounds much better in native klingon}

Newcomers to the city and quick gains have brought excess and arrogance to you.

Dante

%u201CThe Fact that our economical models at The Fed, the best in the world, have been wrong for fourteen straight quarters, does not mean they will not be right in the fifteenth quarter%u201D

Alan Greenspan

"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."

Alan Greenspan

Doubt is not a pleasant condition, but certainty is absurd - Voltaire

I have no fear...Im in the drivers seat just waitin to pick off a place once the carnage is over. but on the other side of that trade....not so good.

also stolen from ritholtz.com:

“I’m not being purposely bearish. I view it as almost a public service.”

-David Rosenberg, Gluskin Sheff

http://nypost.com/2013/11/12/best-in-fro-dante-de-blasio-makes-influential-teens-list/

"w67thstreet is a total genius - and a sexy beast to boot"

- fieldschester

don't make up quotations