"foreign interest in the city ... is at a near fever pitch"
Started by dwell
almost 16 years ago
Posts: 2341
Member since: Jul 2008
Discussion about
http://therealdeal.com/newyork/articles/unemployment-bonuses-will-drive-nyc-market-the-real-deal-jill-gardiner-says "foreign interest in the city -- particularly in Manhattan trophy properties -- is at a near fever pitch, according to Edward Mermelstein, a real estate attorney who represents foreign investors. He said he believes retail prices have further to fall before they can begin to recover." Doesn't the second sentence negate the first sentence? If there's 'fever pitch', why do prices need to fall?
This way if he's sued he can claim that it's not a lie, but a half-truth.
Fever causes hallucinations and dementia.
Exactly. He says something stupid & she reports it. Dumbdeedumbdumb
haha..
I read the url and I thought it was that "unemployment bonuses" were going to drive RE.
Didn't someone try that, that large severance payments would lead to more apartment sales?
It is funny that the most bullish articles are always the ones without any data in them. Just talks of fever and bonuses and irish carpenters.
Maybe that's SteveF's day job.
think some words were omitted:
"foreign interest in [blowing up a landmark building in] the city..."
talk about selective reporting!
If your keeping an eye on the media we are seeing more drum beating for a HOT market.
I see the Hot market too. It's very tiny and far away but, in very low light with a very high powered telescope you can just about make it out. Try squinting!
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Isn't the speaker making a distinction between "trophy properties" (in which the foreign investors are interested) and "retail properties" (which have further to fall)?