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
west67th
Professional forecasts abound. Are you expecting accuracy, too?
{Manhattan real estate agent.}
Urbandigs
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.
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.
There's a psychic on Route 247 offering this service, much cheaper than the professional services you'll get and about as accurate.
Ted - Professional real estate forecaster? You mean a realtorologist?
apartmentician?
Donald Trump is to real estate what Miss Arkansas is to world peace.
apartmentalist?
real estatimator?
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?
Extremely cloudy with chance of complete darkness.
Asking Trump is almost as bad as asking Perfitz... but not quite.
Maly! That's very funny!
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/
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.
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.