Skip Navigation

The Market Has Officially Bottomed! (Maybe)

Started by The_President
almost 16 years ago
Posts: 2412
Member since: Jun 2009
Discussion about
After being on the market since the summer of 2007, my former neighbor's apt. has finally gone under contract. I can't wait until closing to find out the final sales price. Can anybody look up the mortgage on the apt.? Someone on SE had mentioned to me last year that it was once listed by Weichert as a short sale, but I find that hard to believe since the apt. was originally bought for less than $10,000 before co-op village was de-regulated. http://streeteasy.com/nyc/sale/440181-coop-417-grand-street-lower-east-side-new-york
Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009

Please tell me you're joking, alpo. I know you're slow, but really? You're going to note the bottom with one comp?

Then again, you are the genius who said "THE MARKET IS NOT DOWN!"

Ignored comment. Unhide
Response by The_President
almost 16 years ago
Posts: 2412
Member since: Jun 2009

I'm not going to get into another pissing match with you loser.

Ignored comment. Unhide
Response by patient09
almost 16 years ago
Posts: 1571
Member since: Nov 2008

You will ALL know when the market has bottomed......because.... I WILL TELL YOU!!...... Now, back to work bitches!!

Ignored comment. Unhide
Response by w67thstreet
almost 16 years ago
Posts: 9003
Member since: Dec 2008

M'okay But I gotta get my inside info from the gyro guy. Where the gyro guy goes the equity mkt follows followed closely by NYC re.

Ignored comment. Unhide
Response by Hugh_G
almost 16 years ago
Posts: 223
Member since: Aug 2009

LOL...Alpo is just tryin' to rile you all up...the only "bottom" he has seen is his boy-toy's...

Ignored comment. Unhide
Response by w67thstreet
almost 16 years ago
Posts: 9003
Member since: Dec 2008

Oh yeah. I'll either confirm p09's call or call him a lemming. And if he acts up a Canadian lemming.

Ignored comment. Unhide
Response by marco_m
almost 16 years ago
Posts: 2481
Member since: Dec 2008

I would say this marks the end of the bounce.

Ignored comment. Unhide
Response by muhsin
almost 16 years ago
Posts: 11
Member since: Jan 2009

People do not worry....
when we hit the bottom we will be staying there for a loooooong time.
Just check the previous RE bubbles.
Do not ever rush thinking you are going to miss the bottom.
You will be very sorry.
ROCK on people......

Ignored comment. Unhide
Response by falcogold1
almost 16 years ago
Posts: 4159
Member since: Sep 2008

IT'S OFFICIAL?

wow...what a relief...I was concerned about the unofficial bottoms that we keep reaching.

I called Dolly to check to see if this is really the bottom. At first she was offended b/c she thought I was saying that 'she' was the bottom. As you all know this is absurd b/c I think she's the top!

Ignored comment. Unhide
Response by aboutready
almost 16 years ago
Posts: 16354
Member since: Oct 2007

on one of dolly's blueberries (she's moved on from mere mortals' blackberries, don't you know), the bottom signal was flashing strong and clear. it showed properties from alpine, nj. but noted that one overpriced dump where an owner has admitted to taking dumps in the foyer hasn't sold. and isn't likely to, even though the owner had removed the PTCruiser (which oddly has been gaining some favor given toyota's difficulties with the prius).

dolly's bottom is still doing ok. wonder how her peeps at manhattan house are doing.

Ignored comment. Unhide
Response by positivecarry
almost 16 years ago
Posts: 704
Member since: Oct 2008

As good a call as himwhoknows saying gold was going to $2k an ounce or something stupid like that. Hahahahah

The PIIGS are in much worse shape than us.

Ignored comment. Unhide
Response by aboutready
almost 16 years ago
Posts: 16354
Member since: Oct 2007

positivecarry, you do realize that california is the seventh (sorry might be off by one or two) or so largest economy in the world? dream on.

Ignored comment. Unhide
Response by aboutready
almost 16 years ago
Posts: 16354
Member since: Oct 2007

and that states are separate? and can't declare bankruptcy?

good times. good times.

Ignored comment. Unhide
Response by KeithB
almost 16 years ago
Posts: 976
Member since: Aug 2009

Alp, was this Mendy's apartment?

Ignored comment. Unhide
Response by jimstreeteasy
almost 16 years ago
Posts: 1967
Member since: Oct 2008

gmf -- what would your roommate think if he knew this was what you were doing every night?

Ignored comment. Unhide
Response by positivecarry
almost 16 years ago
Posts: 704
Member since: Oct 2008

AR,

Yes, I do know that. What does that have to do with gold dropping $200 and the dollar getting stronger? I know their finances suck, but they make movies, and iphones. Greece has a Union for prostitutes, who just went on strike because Russians undercut them on price. I'd say we're holding up better than Spain, which has 42% unemployment among young people.

Ignored comment. Unhide
Response by The_President
almost 16 years ago
Posts: 2412
Member since: Jun 2009

"Alp, was this Mendy's apartment?"

I have no idea who Mendy is.

Ignored comment. Unhide
Response by The_President
almost 16 years ago
Posts: 2412
Member since: Jun 2009

I am.

Ignored comment. Unhide
Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009

> I'm not going to get into another pissing match with you loser.

Then why do you start them?

Being called names by geniuses like alpo is a compliment.

Ignored comment. Unhide
Response by positivecarry
almost 16 years ago
Posts: 704
Member since: Oct 2008

And there goes the conversation....

Ignored comment. Unhide
Response by NJSHORE
almost 16 years ago
Posts: 15
Member since: Feb 2010

Bottomed? RE developers are champions in surviving. Let them be champion in 2010 when they will tank!

Ignored comment. Unhide
Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009

Crain's just reported that commercial sales are down 97% in $$$ volume.

ouch.

Ignored comment. Unhide
Response by truthskr10
almost 16 years ago
Posts: 4088
Member since: Jul 2009

The bottom has offically been marketed.

Ignored comment. Unhide
Response by somewhereelse
almost 16 years ago
Posts: 7435
Member since: Oct 2009

nice

Ignored comment. Unhide
Response by RR1
almost 16 years ago
Posts: 137
Member since: Nov 2008

Everything is fine guys. The market is going up.

There are now bidding wars and properties prices are increasing. Everyone should buy before you're priced out....AGAIN.

Home values have been increasing all throughout the city. You'd have to be dumb not to buy now.

Ignored comment. Unhide

Add Your Comment