Now that the summer is over....
Started by w67thstreet
almost 17 years ago
Posts: 9003
Member since: Dec 2008
Discussion about
Plenty of people went to the beach and decided to hang out w/ kids this summer... watch for a jump in unemployment as these people get "active" in the job market again.... a jittery equity mkt headed into the all important holiday sales season, crazy talk of first "bonus" post Lehman (where it goes and how it gets spent will be eye-opening in Feb/March/April => my guess people pay off mortgages, porsche/F sales not happening this spring), and a serious mini-capitulation in the over $1.5MM unit sales in Spring 10', followed by a freeze in sub $1MM market as that market has shot its wad.... desperate desperate $2MM market squeezing $1.5MM mkt and $1.5MM squeezing $700K to $1MM market HARD!.... I heard it from a RE Unicorn....
so my friend...when do we get on the bus?
Dig deep my friend and remember the feeling in 1990 to 1994, it SUCKS to be upside down from day one...
Chill, you are a saver in a "Great Recession" proof field.... my saved searched is starting to percolate again... $1MM o $2.5MM 3bdrm UWS. Guarantee you there were way way way too many "housing" formations in 2003-2007, broker parents buying 2bdrm for their kids trying out for Annie kind of crap... you think they got the cash flow to cover the nut w/o the HELOCs in this economy? Plz.... look all around you, all my wife's friends love their career choice at this moment.
Sleeping pretty in cash, and the rash from it doesn't bother me in the least.... : )
I think last year's bonuses were the first post Lehman. This year the bonus pools are improved over last from what I've seen.
LP1 last year's was already baked in by October.... IMHO, i'd call this the first... lots of my friends are wringing their hands...... stress is thru the roof... they are all gaining around the middle...
A snowstorm of "if's" are beginning to cloud 67's crystal ball. If this, then that, but what if then, might be jittery bonus equity holiday capitulation HARD squeeze.
To hell with your unicorn, you're going to need ruby slippers Dorothy!!
I knew it was u shrimpie. A borker tells you what the price is today. W67thstreet is using his vast unicorn contacts, his red shoes and six pack gut instincts to show you the future.
Remember I said no problem on 10% unemployment, hrp at $2 was cheap, $1000 psf is history... Iike Janet Jackson said 'what have you done for me lately? Uwsmynabecauseimademoneyonthisbubble.