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Elliman morons of the day award goes to:

Started by w67thstreet
about 17 years ago
Posts: 9003
Member since: Dec 2008
Discussion about
Eric Marcus/Rick Kelly... share your prize by talking about it w/ all your fellow brokers in your office.. .this nomination will undoubtably be surpassed quite shortly. Let's see bought at height at $5.07MM, listed in the GREAT RECESSION at $8.475MM, but the $25K increase a day later is what WON THE PRIZE. Did the conversation go like this? "Got it, want listed at $8.5MM" okay let me type in... [more]
Response by Cpalms
about 17 years ago
Posts: 122
Member since: Sep 2007

lighten up Francis ...

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Response by falcogold1
about 17 years ago
Posts: 4159
Member since: Sep 2008

Don't call me Francis...

Call me Psycho!

Nice apartment, mucho dinero! I love the smell of wishful thinking, you know, that gasoline smell...
it smells like...

Victory.

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Response by w67thstreet
about 17 years ago
Posts: 9003
Member since: Dec 2008

and plz don't call me shirley...

VICTORY!!!!! see the new listings coming on hard and strong.. .what'd i tell ya... some are actually increasing prices... FLMAO...

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Response by Rhino86
about 17 years ago
Posts: 4925
Member since: Sep 2006

You have heard of reverse psychology? That would be to consciously ask too much to show how little shit you could give whether it sells or not. This is reverse reverse psychology. So fucking far removed that anything took place in the last year as to expect not only a pre-construction seller mark up, but a year of appreciation at say, I don't know, like 20%. Then round up to a 70% profit.

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Response by falcogold1
about 17 years ago
Posts: 4159
Member since: Sep 2008

I hear it every day. It's the big turn around, all compasses point north! I've missed the big over correction and now I risk being priced out forever. This is one fast market and that was one fast economic recovery. I pray that all the disasters in my life are as mild and unpainful as the Depression of 2007 that was tidied up and dispenced with in just under a year. Thank goodness for the many loaded cash rich Manhattan Wannabees that are racing to the big city. They will save us all!

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Response by Rhino86
about 17 years ago
Posts: 4925
Member since: Sep 2006

Maybe it won't go down a lot. That still doesn't mean it isnt the rational decision to rent, invest in bonds, and maybe buy a country house rather then rent the country house. Could the 25-30% we have seen (that two people in one day, on here and in real life, already denied has happened) be all of it? I just dont know...But I know I am not a bidder in a post-Lehman world.

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Response by falcogold1
about 17 years ago
Posts: 4159
Member since: Sep 2008

'I am not a bidder in a post-Lehman world'
rhino, what does that mean?

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Response by brandonut
about 17 years ago
Posts: 1
Member since: Sep 2009

It doesn't matter what it means.

Rhino believes that the cap rates associated with purchasing are very out of whack today. So he's not buying and for quite a while. He is investing his money in better yielding, lower risk assets.

That summarizes it for Rhino. All very good points.

Rhino, now your turn to carry on and continue to say the same thing another 30 times today in different words and then continue tomorrow morning and the next day and the next day and say the same thing again.

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Response by nyc10022
about 17 years ago
Posts: 9868
Member since: Aug 2008

sorry, thought this was another SteveF thread.
;-)

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