Few people post on this board with as much frequency and bravado as you. And yet, as I look through your past posts, you haven't been right about a single thing. On NYC real estate: You were IN CONTRACT to buy a place damn near the peak of the mkt (just pre-Lehman), and were only bailed out by the appraisal coming in low. At the mkt trough in March, you were calling for a further 30% drop, and the... [more]
Few people post on this board with as much frequency and bravado as you. And yet, as I look through your past posts, you haven't been right about a single thing.
On NYC real estate: You were IN CONTRACT to buy a place damn near the peak of the mkt (just pre-Lehman), and were only bailed out by the appraisal coming in low.
At the mkt trough in March, you were calling for a further 30% drop, and the mkt has since stabilized/slightly improved.
You also called for a spike in inventory post-Labor Day (completely wrong), and foreclosure auctions of new construction in Manhattan (hmmm).
On NYC in general: You called for spikes in crime, a massive exodus of families, and a terrible year for the finance industry (0/3).
On the stock mkt: At what turned out to be the nadir (mid 600s S&P), you called for the mkt to continue to move down to the mid 400s.
I know that I can't be right - it is almost mathematically impossible that one person who posts so frequently could be so wrong, so please point out something you've been right about. After all, with that MBA, CFA, and 1000s of books that you've read, you must've gotten something right.
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Response by jimstreeteasy
almost 16 years ago
Posts: 1967
Member since: Oct 2008
Printer, are you saying that hsf1 does not post with "frequency" and "bravado"? Are you trying to get on his bad list?
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Response by The_President
almost 16 years ago
Posts: 2412
Member since: Jun 2009
I'm surprised you were able to read through all of Rhino's posts. With all of his cursing and childish insults, I sometimes wonder whether it would be more prodctive to just shoot myself than read his rants.
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Response by LICComment
almost 16 years ago
Posts: 3610
Member since: Dec 2007
printer just referred to this on another thread.
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Response by hfscomm1
almost 16 years ago
Posts: 1590
Member since: Oct 2009
Rhino actually believes that the NYC residential real estate "market" will get to the point of revulsion (http://streeteasy.com/nyc/talk/discussion/17244-will-nyc-experience-a-double-dip-in-2010?page=2) and that will be the time when is good for him to buy. Basically he thinks NYC is like Priceline stock in late 2000 and there are no human implications or repurcussions for the fact that revulsion in NYC means a horrible place to live as in the early/mid 1970s or so. He divorces actual life and living from his view that real estate is like market of fungible assets having no implication on actual people.
Oh, he's also a jackass and if you start to frustrate him, he might start shouting epithets at you.
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Response by hfscomm1
almost 16 years ago
Posts: 1590
Member since: Oct 2009
hey, columbiacounty's posted suggestion that one of the posters (unclear) should shoot himself was deleted.
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Response by concernedbuyer1
almost 16 years ago
Posts: 59
Member since: Dec 2009
so far from my readings , i find the bulls to be the most childish
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Response by printer
almost 16 years ago
Posts: 1219
Member since: Jan 2008
This discussion ended up getting split between 2 topics. I am posting Rhino's ultimate response. For the record, I admire that he was able to admit that he was totally wrong, and (in this post) didn't respond to childish name calling.
Rhino86
41 minutes ago
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How did I not refute your points? Yes I made an obvious prediction after Lehman collapsed, that many debated, and it turned out to be true. Yes, I have made predictions for this fall that did not play out. Right, I do think NYC is going to turn down as finance had made a major secular turn. Right, I almost bought, highlighting my appreciation of bad math when you just want to do something. Rents hadn't fallen yet, so to me it made more sense then vs. now.
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Printer, are you saying that hsf1 does not post with "frequency" and "bravado"? Are you trying to get on his bad list?
I'm surprised you were able to read through all of Rhino's posts. With all of his cursing and childish insults, I sometimes wonder whether it would be more prodctive to just shoot myself than read his rants.
printer just referred to this on another thread.
Rhino actually believes that the NYC residential real estate "market" will get to the point of revulsion (http://streeteasy.com/nyc/talk/discussion/17244-will-nyc-experience-a-double-dip-in-2010?page=2) and that will be the time when is good for him to buy. Basically he thinks NYC is like Priceline stock in late 2000 and there are no human implications or repurcussions for the fact that revulsion in NYC means a horrible place to live as in the early/mid 1970s or so. He divorces actual life and living from his view that real estate is like market of fungible assets having no implication on actual people.
Oh, he's also a jackass and if you start to frustrate him, he might start shouting epithets at you.
hey, columbiacounty's posted suggestion that one of the posters (unclear) should shoot himself was deleted.
so far from my readings , i find the bulls to be the most childish
This discussion ended up getting split between 2 topics. I am posting Rhino's ultimate response. For the record, I admire that he was able to admit that he was totally wrong, and (in this post) didn't respond to childish name calling.
Rhino86
41 minutes ago
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How did I not refute your points? Yes I made an obvious prediction after Lehman collapsed, that many debated, and it turned out to be true. Yes, I have made predictions for this fall that did not play out. Right, I do think NYC is going to turn down as finance had made a major secular turn. Right, I almost bought, highlighting my appreciation of bad math when you just want to do something. Rents hadn't fallen yet, so to me it made more sense then vs. now.
Interesting thread and not at all surprising
Why doesn't this gem show up on the front page?
riversider.