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Where can I get a professional forecast about the apartments market in Manhattan?

Started by Teddy10
about 16 years ago
Posts: 4
Member since: Nov 2009
Discussion about
Where can I get a professional forecast about the apartments market in Manhattan?
Response by josefsz
about 16 years ago
Posts: 77
Member since: Oct 2008

west67th

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Response by Fluter
about 16 years ago
Posts: 372
Member since: Apr 2009

Professional forecasts abound. Are you expecting accuracy, too?

{Manhattan real estate agent.}

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Response by mimi
about 16 years ago
Posts: 1134
Member since: Sep 2008

Urbandigs

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Response by maly
about 16 years ago
Posts: 1377
Member since: Jan 2009

Do you have an investment adviser? They have access to reports and evaluations. You need to keep in mind experts are guessing, and their models can be flawed (as we have seen in the last 18 months), so don't check your common sense at the door.

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Response by apt23
about 16 years ago
Posts: 2041
Member since: Jul 2009

Well, gee, Donald Trump on CNBC this morning repeatedly said that NY RE has been fairly stable, hasn't seen the depreciation of other cities, (implying that it won't go down without actually saying so, just to be careful of being "on the record") etc. In fact, as an example of how bad it could be, he snickered, an apt on Park Ave with a $40mm ask went for $31mm. Chortle Chortle. Is that expert enough for you.

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Response by dks208
about 16 years ago
Posts: 11
Member since: Feb 2006

There's a psychic on Route 247 offering this service, much cheaper than the professional services you'll get and about as accurate.

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Response by spinnaker1
about 16 years ago
Posts: 1670
Member since: Jan 2008

Ted - Professional real estate forecaster? You mean a realtorologist?

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Response by spinnaker1
about 16 years ago
Posts: 1670
Member since: Jan 2008

apartmentician?

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Response by maly
about 16 years ago
Posts: 1377
Member since: Jan 2009

Donald Trump is to real estate what Miss Arkansas is to world peace.

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Response by polydoa
about 16 years ago
Posts: 152
Member since: Feb 2009

apartmentalist?
real estatimator?

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Response by somewhereelse
about 16 years ago
Posts: 7435
Member since: Oct 2009

Donald Trump went bust because of bad RE calls twice...

and if he wants an anecdote, how about 11 spring. Wasn't that 70% off asking?

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Response by 30yrs_RE_20_in_REO
about 16 years ago
Posts: 9881
Member since: Mar 2009

Extremely cloudy with chance of complete darkness.

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Response by somewhereelse
about 16 years ago
Posts: 7435
Member since: Oct 2009

Asking Trump is almost as bad as asking Perfitz... but not quite.

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Response by GraffitiGrammarian
about 16 years ago
Posts: 687
Member since: Jul 2008

Maly! That's very funny!

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Response by Honeycrisp
about 16 years ago
Posts: 190
Member since: Dec 2009

Urban Digs, The Apple Peeled, a bit of Calculated Risk and a touch of Seeking Alpha.

You may want to read this primer on how to avoid the general mistakes in reading housing data:
http://theapplepeeled.com/buyers/avoiding-the-pitfalls-of-housing-data/

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Response by Rhino86
about 16 years ago
Posts: 4925
Member since: Sep 2006

You dont really need to predict if an honest, fully loaded carrying cost is lower than rent. This market has a ways to go to get there.

Trumps dad set aside untouchable income properties for him in anticipation of his sons several bankruptcies.

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Response by front_porch
about 16 years ago
Posts: 5320
Member since: Mar 2008

I write about housing nationally (for CBSMoneywatch.com; I've also written for Money mag and Inman News, the top real estate trade), and I'm an agent in this market, and I couldn't do better than 30yrs' concise summary.

ali r.

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