Bottom?

I guess they never took any topology courses.

JuiceMan, I'm surprised at you. The term "somewhereelse's logic" is an oxymoron. You should know that.

Buy now or be priced out forever!

Though - that is the closest JuiceMan has ever gotten to admitting that prices in Manhattan have fallen

"The total sales made during the first three months of 2010 hit 2,384, nearly double the number sold during the same period last year, according to Prudential Douglas Elliman, one of New York's largest real estate brokers."

Oh no! The HORROR!

"This time, Prudential reported the median price of a Manhattan apartment sold for $868,000, up 7.2% from a quarter earlier, the third consecutive quarterly increase"

UP???
How's that possible. All these knuckleheads claim prices have been DOWN DOWN DOWN despite robust buying.

THE HORROR!!!!!!!!!

"UP???
How's that possible. All these knuckleheads claim prices have been DOWN DOWN DOWN despite robust buying."

As I have said pretty much from my "day 1" on this site: medians and averages are terrible market indicators because it's way too easy to infer the market is doing something different than it is actually doing by looking (solely) at them.

> Based on somewhereelse's logic we have a bottom, because "things have stopped falling"

Juiceman, your command of english is horrible. You seem to need these basic concepts explained to you 5x before you get them. Perhaps you should have done that BEFORE trying to make your lousy calls on the market.

Its a REQUIREMENT, but it doesn't necessarily make it so.... the whole reason I noted converse...

btw, Juice, for there to be a bottom, doesn't there have to be a DECLINE first?

Nice job calling that one, too.

> Though - that is the closest JuiceMan has ever gotten to admitting that prices in Manhattan have fallen

I know... lol.

Up from the 3rd quarter, down significantly from the same quarter the prior year.

Hmm.

"Its a REQUIREMENT, but it doesn't necessarily make it so"

JuiceMan, somewherelse is right - the bottom occurs when things have stopped falling AND he's specifically said it's a bottom. He needs to have called it first for it to be true. You know, even if he didn't.

cant we leave bottom picking to the proctologists of the world

well, you're talking about folks who have been calling bottoms since, what, 3 years ago (or never admitting there would be a decline, so no bottom needed)... so OF COURSE they're going to keep calling it forever.

But it just gets funnier each time.

"To have a bottom, you need things to stop falling.
The last quarter reports were down again."

somewhereelse 10 days ago. Looks like we have a bottom.

"The term "somewhereelse's logic" is an oxymoron. You should know that."

lol

"Though - that is the closest JuiceMan has ever gotten to admitting that prices in Manhattan have fallen"

Actually steve, my prediction was no more than a 10% fall in prices. This, as you know, was made in 2007. You, may I add, said 50% off 2007 prices. If you read Miller Samuel's latest data, it looks as if we are 15% off 2007 prices. With all of your degrees in economics, can you tell me who was closer?

"cant we leave bottom picking to the proctologists of the world"

swe just called one, so maybe we now know his real profession?

UD: this needs to be a video based forum so we could watch people sniffing their fingers.

> somewhereelse 10 days ago. Looks like we have a bottom.

Only the one you're sniffing.

I love it, Juiceman still having trouble with pesky things like "definitions", "facts", and, well, logic.

> Actually steve, my prediction was no more than a 10% fall in prices

That one certainly worked out well for you!
Just like the "there is no crisis".

Well done, we'll be sure to give as much weight to your future predictions.