Corcoran: The Buyers are Back

I don't think we need to stop the presses... there are buyers, like me, but we are looking for good deals & there aren't many of us that are free to buy without selling something first & have the financials to pay cash or be a slam dunk with the banks.

I just saw a new listing for 1,700/sq ft. You guys are just perpetuating the problem if you don't get real.

It is going to be really hard to get apartments at half price if this continues.

Dragonfly: I saw your post. It would be interesting if SE offered an apt wanted for sale/rent feature.

Wow, when all steveF can come up with is a post from a single broker noting she sold one apartment... no need for bears to flame... you're helping their case.

SteveF, you've really topped yourself... you're even dumber than I thought.

Citing a PR release from the real estate industry with the title "Buyers are back" reminds me of the time I was reading a study stating "cell phone usage does not cause brain cancer". Then I read the small print, it was underwritten by Ericson. : )

I have had a nice uptick in buyers calling me, and as Dragonfly has pointed out they are smart and looking for deals.

Not to mention, the thread title is a lie.... corcoran didn't say it, its a quote from one broker. Can't say I'm surprised, coming frm SteveF

Really grasping at straws now are you, SteveF.

LOL.

I guess just until you can finally unload those apartments you haven't been able to sell.

Jesus, steveF, this is a single broker talking about selling a single apartment. How desperate are you trying to look?

Juice! How's the little guy?

"Jesus, steveF, this is a single broker talking about selling a single apartment. How desperate are you trying to look?"

SteveF passed desperate a year ago...

Karin sold an apartment, Karin sold an apartment, Karin sold an apartment.

We are so proud of you Karin...we could just kehvel!

Steve in the great bull/bear debate this is your amo?
Your bringing a water ballon to a gun fight.
Your mother and I have come to expect more from you...

As of today...Karin is our favorite...live with it.

hey tenemental, he is great! Thanks for asking. I'm exhausted but he is a ton of fun. When are you going to take the plunge and buy something in the EV?

> Your bringing a water ballon to a gun fight.

An empty water balloon.

I just loved the fact that a SVP @ corcoran is quoted saying "The buyers are back". It's so in your face.

>An empty water balloon<

lol, haha, lmfao, lmao, pmp....What's the other ones?

Hmm. A real estate agent says "The Buyers are Back!" because she sold one apartment.

Sort of like Henry Hudson declaring he found the Northwest Passage because he sailed up a river.

When inventories start to decline to historic levels and new developments stop converting to rentals or being foreclosed on, is when "The Buyers Will Be Back!"

Will it happen? Absolutely. In the short-term?

Nope.

WOWZUH is that a backtrack.

Yes, this tells so much, one of the same idiots who said "there will be no decline" and claimed business was great through the crash is now saying business is great.

SteveF, this is moronic, even for you.

I think SteveF is Christine Toes.

I think she meant "The buyer is back." And now he/she is gone. Good luck finding another buyer.

> Hmm. A real estate agent says "The Buyers are Back!" because she sold one apartment

Yeah, even in 2008, a broker had to sell two apartments before they could make that claim. How times have changed, even for the shills...

nyc10022, you're still around?? Your prior theories of the coming-destruction really look foolish now. You've lost, do the right thing and leave graciously.

Unfortunately, the people at corcoran are saying the buyers are back, having never acknowledged that they were not there. All I hear is things are getting better -- a universal statement they have made nonstop for years. It does not SERVE THEIR PURPOSES to admit otherwise.

"nyc10022, you're still around?? Your prior theories of the coming-destruction really look foolish now. You've lost, do the right thing and leave graciously."

Steve, are you really this dumb?
You've been 100% wrong, and I've been right all along.

Don't lie to try and save face.

"do the right thing and leave graciously"

Steve, you've had your chance to leave graciously for a year now. You've been proven wrong consistently going on about a year now.

So how come you haven't left?

You lost your shirt on those apartments, we get it, but do you think your lying will undo the damage?

Really, now Steve, that would only work if folks were as dumb as you...

"Unfortunately, the people at corcoran are saying the buyers are back, having never acknowledged that they were not there."

ROTFL.

Right on, mf. Funny.

"All I hear is things are getting better -- a universal statement they have made nonstop for years. It does not SERVE THEIR PURPOSES to admit otherwise."

Same goes for SteveF. I love how these morons think they have any credibility now.

How did I know this was a SteveF post? Oh, yes, we are suckers to believe anything Corcoran might spew out.

I still love the moron's line about "leaving graciously".

So, Steve, how about it? When are you gonna leave?

Got to love this crowd (me included). what a bunch of haters we are. Let's wait outside Karin's office after work, follow her home and knock all her books out of her hands. Karin, you bragger, kiss up, teacher's pet, think we're gonna let this one slide???

See you after school...

"nyc10022, you're still around?? Your prior theories of the coming-destruction really look foolish now. You've lost, do the right thing and leave graciously."

I love how all the bears are wrong because the world didn't end...and all that happened is real estate declined 25-30% in one year... Does anyone know if there is a worse year on record? Nothing to sneeze at in a sticky market... Unless the title of this thread, which is exactly something to sneeze at.

Rhino I luv how you throw around 25-30%. Like I said before my studio comps are down right now, maybe 4-5% from the so called peak(The highest price I could've gotten would have been early 2008).

I don't throw them around. Published sources and ironically a quote from a high level corcoran broker from July.

4-5%.....i get it finally after all this time thinking you are a complete moron:

YOU ARE A PARODY OF A VERY DUMB BULL

...actually quite funny...well done

Well, its not like we didn't know SteveF was this dumb....

Moron, dumb......
Well steve, without you us bears would be jerking each other off all day complementing each other on the size of our penises (metaphoricly). Thanks for the post and mixing it up a bit. regular posters who know stevef and his agenda should not be so harsh on him. Here he has presented us with an easy target and an indication on just how panicked the industry is. When Karin becomes the poster child for all things right with RE basied on ONE sale things must be worse than we think. Thanks steve.

How about a little respect for old time family members.
Kick the crap out of the newbies.

falco, that's silly. of course we kick the crap out of the newbies.

but that's not really true, without stevef we'd still have plenty of targets. but we wouldn't have as much fun because his posts can be really hilarious at times.

i must confess that alpie has had a couple of posts recently that made some sense. i was both sad and frightened. who says we have no flexibility of thought.

She "sold it in one day", but it got listed on 04/08/2009, went into contract on 06/02/2009, and closed on 08/21/2009? Which was the "one day"? And they took $300,000 / 8.6% off "in one day"? Really? That must have been some day.

"Here he has presented us with an easy target and an indication on just how panicked the industry is."

True, and he's always been that. He's pretty much been the model of panic for quite some time.

"She "sold it in one day", but it got listed on 04/08/2009, went into contract on 06/02/2009, and closed on 08/21/2009? Which was the "one day"? And they took $300,000 / 8.6% off "in one day"? Really? That must have been some day. "

LMAO.

I didn't catch that. HILLARIOUS.

If buyers are back, then why are so many projects getting halted and developers getting wiped out? Its gonna be funny when Related or someone like them slashes prices, or gets wiped out. Then maybe some reality will set in on these RE bulls. poor bastids. dont even know theyre dead in the water

I think SteveF knows he's dead in the water, he's been freaking out trying to sell his "investments" for a year.

Same way I think even the idiot brokers know they're screwed even when they claim business is great.

It took just under two Mercury days to sell. Not bad at all.

you guys are killing me.

I have a friend who just sold an apartment 4-5% off peak, up 50% from where he bought it in 2002. He insists that prices didn't double on the UWS from 2002 to peak like everywhere the eff else. I guess that makes him feel better like Steve.

the parody ends with steve living in his place in vegas making his next fortune playing the slots!!

The Corcoran link no longer seems to work.

Talk about chum in the water, my oh my. Steve, do you like peeing on hornet's nests, too? Lordy.

Make fun of steveF all you want but he has been more right about the last 6 months than nyc10022, stevejhx, or any other bear predicting an apocalypse.

My business is picking up quite nicely over the past week. August was slow though.

CarolSt.. didn't know you practice BK laws on the side... what else do you do to make ends meet?

"Make fun of steveF all you want but he has been more right about the last 6 months than nyc10022, stevejhx, or any other bear predicting an apocalypse."

Only if you continue to lie, Juice.

I'd expect better of you (not accuracy, you're up there with SteveF in that regard, but at least honesty).

CarolSt is apparently having yet another meltdown...

http://www.streeteasy.com/nyc/talk/discussion/4777-powerhouse-condo-not-selling-well-financial-difficulties-arise?last_page=true

Thx JM. Right back at ya.

> the parody ends with steve living in his place in vegas making his next fortune playing the slots!!

I love the visual.... SteveF and perfitz, the "leave graciously" pair. Spunky comes in for visits all the time.

> Thx JM. Right back at ya.

I love it when two people who are both wrong congratulate themselves based on their "confirmations".

Go get alpine and perfitz, you'll have a happy foursome.

"My business is picking up quite nicely over the past week."

I'm sorry, but statistically speaking, there's no way that this is possible with any reasonable tolerance limits.

"I'd expect better of you (not accuracy, you're up there with SteveF in that regard, but at least honesty)."

It's honest and accurate. Just go back to your comments about "pent up demand" (or lack of). steveF schooled you on that one. Tough to deny......

she means some guy threw TWO quarters into her guitar case.

"It's honest and accurate. Just go back to your comments about "pent up demand" (or lack of). steveF schooled you on that one. Tough to deny......"

Only if you, again, lie.

I said time and time again that folks entering market would be outnumbered by folks leaving it / shadow inventory. Urban Digs threw out the stat, SteveF was 100% WRONG. More inventory was ADDED than apartments were sold.

I know its a bitter source for you, but you were also wrong about shadow inventory.

And that whole "there won't be a crash" thing (from both of you).

And SteveF's whole "prices are going up" piece. Yeah, that didn't work out either.

And Steve's whole "the recession is overblown" thing (conveniently missing those lines in the articles he quotes noting that we officially have the longest, deepest, and worst recession since the depression).

Its pretty funny that I have to say this, but you guys had two of the top ten worst track records on this site.... and that hasn't changed in the last six months. For SteveF, its gotten even worse.

Sorry. But you guys have been PAINFULLY wrong.

NYC10022 is on ignore. SE has been so much better without listening to her call everyone dumb and stupid. I highly recommend to all to get away from the hate known as nyc10022.

We are missing the point here. FINALLY, a broker admits that the buyers left. She also reports that--lucky for her-- one buyer has returned.

"Only if you, again, lie."

or nyc10022, maybe you just forget what you said......

"Who ever argued there wasn't any pent up demand?"

"I don't think anyone ever argued there wasn't pent up demand."

9 months ago in response to this post from stevef, oopsie!

Stevef “Incomes are the baby sister to supply/demand. We have modest inventory and pent up demand.”

Nyc10022

> pent up demand.

We don't have pent-up demand, we have the opposite. People who wanted to buy because they thought would appreciate. Now that numbers are coming in, they are running scared. That isn't pent up demand, that is classic bubble.

stevejhx

"and pent up demand"

From whom? Everyone who's losing their jobs, and just saw half their wealth erased on the stock market?
Right!

NYC10022, YOU JUST GOT served!

except I was right!

"We don't have pent-up demand, we have the opposite. People who wanted to buy because they thought would appreciate. Now that numbers are coming in, they are running scared. That isn't pent up demand, that is classic bubble."

Exactly. We had MORE LISTINGS ADDED than apartments sold.

Thanks for proving I was right guys, I didn't have the time to dig. New listings outstripped sales.

And, whoops... inventory has been growing for the last month.

Wow, at least I have to give it to Juice and SteveF for consistency in their bad calls...

"NYC10022 is on ignore. SE has been so much better without listening to her call everyone dumb and stupid. I highly recommend to all to get away from the hate known as nyc10022."

Steve, what happened to you leaving graciously?

I love how you don't get how you are the running joke here... 18 months of consistently horrible calls...