NY Prices not crashing yet..

Where is the left? The progressives? Gitmo still running strong. Gitmo is creating all those enemies
in the muslim countries. We have to close it. We are like nazis.

What about all the slackers? Don't you want to throw them into gitmo.

They are already on the slave plantation. The government plantation.

"I don't need to convince myself of anything to be happy with my situation."

Keep telling yourself that.... there are hundreds of posts on the board to the contrary. Surprisingly, noone has brought up the anti-Ivy rant. NO way you can pretend you're not bitter after that one.

> I would much rather be in my situation than be a renter this whole time.

Well, you were never one for numbers. I prefer to have more money, so I'm thrilled I was right to have rented the past few years.

> sme, your arguments look worse and worse and you are trying to spin your way out of them even faster, but you
> are going nowhere

You can keep repeating yourself over and over again, but unless you once again make up things I didn't say, you're off your rocker.

Sorry, toots, you can lash out at me, but I called it right...

and you are bitter...

http://www.whitehousedossier.com/2010/07/16/obama-played-41-rounds-golf-president/

Too busy to close Gitmo.

julia, my dear. you need to get your meds adjusted. truly, you do. even ayn rand would advise you to do so.

apt23, my dear. It is called passion. No meds needed. Only the dead souls need the meds.

Oh no, I just insulted 85% of the population. Prozac and viagra the American way of life.

See http://www.wrongdiagnosis.com/p/psychiatric_disorders/passion

large, tax the wealthy, tax the poor, just don't tax the large one. self-interested much? represent the people against the productive corporations, you're an asshole, represent the corporations... I just adore your political view, slippery as hell andbabout as rational as the crazy guy on the corner.

bjw, I've been overseas for four weeks. I know it's hot in NYC, but sightseeing in near 100 degree weather was killing us. we took the day off.

apt23, Rand was into her "passion" also.

alanhart I thought you and Cindy Sheehan were going to Chicago. You need to chain yourself to that gate.

her largeness, making up statistics? like you care if you insult anyone. your disdain for people is obvious. btw, have you utilized your collectively obtained and risk levelledbmedical insurance recently?

aboutready Maybe your husband can sue Apple. You know, A beach house in the Hamptons would be great.

julia, you should check for foam at the mouth. if you see it, would suggest rest. if you don't, i would suggest looking more closely.

Or, sue a hospital or doctors. They are easily fleeced. Very easy to demonize.

"Keep telling yourself that.... there are hundreds of posts on the board to the contrary."

After all that, still not one post to back up your point on LICComm's claims? How typical...

Rome is great but you can only see so many churches.

Very had to sue in Europe. The loser has to pay.

why don't you move there? quickly.

ar: no matter what your opinion of Rand, her arguments -- and passions--were at least reasoned and intelligible. But I find that many of her followers spew a few basics extracted from her body of work, grossly misrepresent her intentions and rally around non-existent rand concepts. i am not a rand devotee but she must be spin in her grave on a regular basis. of course, hate to say it, but she basically brought it upon herself. she created her own self-devouring monster.

julialg hates the United States of America so much that she's moving to Europe.

She said so:
"Another two years of the community organizer and Greece will look like a
great destination for citizenship."

What were her "intentions"? Please educate us.

she's just trying to figure out an angle on how to get someone else to pay for her ticket. perhaps we should pass the hat?

JM- true, but there is the Forum, the Colosseum, the museums, plazas, fountains, Spanish steps, etc.

What's with all this hatred of Ayn Rand. The woman is dead. From the comments she's more dangerous than Marx and Lenin. Maybe it's the today's stock market. Anyway everyone please chill and have a good weekend.

yes, and we've been to the trevi, Spanish steps, the palatine ( my favorite), the colosseum, the pantheon, trastevere, the ghetto, etc.

Julia, you do realize that attorneys aren't doing the suing, unless it's a personal suit? he sues on behalf of other corporations.

you sound jealous and bitter. nothing makes you happy, no? hard work, poverty, wealth. it's clear you just feel entitled to be receiving more. maybe you should move to a country better suited to your needs.

death gives you a pass? interesting.

AR: absolute best pizza in the world: stand in the Piazza Navonna with the church on your right and the parthenon to your left. walk straight to the end of the piazza and turn right on the first little road that bisects that end of the piazza. walk several blocks and there is a pizza place with tables and chairs outside that is filled with locals. it is the very best. also the parthenon piazza at night is wonderful. and the best coffee is at piazza san eustachio. there is also a wonderful church --the francese church-- between piazza navonna and parthenon that has wonderful caravaggios. st ignatius church nearby has a baroque ceiling that is only in perspective from one single point. your daughter will love looking up at the ceiling and walking the length of the church. it looks like it will crash in on u. have fun. it is the best city in the world.

I'm so old (how old am I?), I'm so old I remember when the Parthenon was in Athens.

ALANHART Greece will be better than venezuela. The community organizer is attempting to 'transform' the U.S. into his model state. chavez is his dictator of choice. Stalin and lenin are to European.

i still don't understand why you talk like a talking robot. you clearly don't have an original thought. ayn rand would be ashamed of you.

She's more like a Cabbage Patch doll with a string in the back. When you pull it she blabs bumper-sticker slogans and shits her diapers.

but with the gait of the Tin Man.

"Stalin and lenin are to European."

... Stalin and lenin are to European what an aardvark is to blasé.

Forget Ayn Rand. Pay attention to Major Asterisk

http://www.ritholtz.com/blog/wp-content/uploads/2010/07/giant-asterisks.gif

"But seriously, many of the declines predicted over the past year or two have not materialized. I have read this website since 2009, and most people predicted further significant declines (no I am not going to search discussion boards for quotes), and so far they have been wrong."

I wonder who these folks are?
:)

Just as i knew aboutready's husband was a lawyer suing other people, I also know anlanhart and cc are on the dole of the welfare state. So obvious.

We are at July 2010.

AboutReady, the genius she is sold her apartment in 2004. Assume it's January 2004, we also know she moved to a 2 bedroom apartment for 2,700 a month. That's 79 months of rent and at $2,700 per month puts her at a running tab of....

...

...

-$213,000 AND COUNTING!!!!

How's that for calling herself a genius!!!!

We all know prices ZOOMED higher from 04 to 07 (peak) at +25% per year.

Take a guess, would she had been better off not selling in 04???

Take a guess where all these folks that are screaming for another 25-50% down will be in 5 years.

That's right! Renting and posting on SE. Sad.....so sad.

Can someone mark this post and bring it up in 5 years?

Really Julia? What gave it away?

Instead of the community oraganizer bowing to the saudi king, the japanesse king and the chinese leader, he showed bow to the taxpaying top 1% of Americans.

Let's get back to the topic at hand. How much do I get a week on the dole?

That's 79 months of rent and at $2,700 per month puts her at a running tab of....

Excellent point. The bears never factor the long term cost into renting. Only that the price they sold. After 7 years the profit has partially been eroded, and this was not made up investing in the S&P 500 or investing in t-bills.

"Across the great divide,
just grab your hat
and go for a ride..." ("Across The Great Divide" Levon Helm, The Band")

The whole point of the bear case is that the carrying costs of ownership is higher than rent. If you want to point to 200K of wasted rent, you also have to point to 250K (or whatever) of wasted interest, taxes, maintenance, fees, etc. for the homeowners. Actual accrued principal is very small if prices had stayed flat.

The cost of carry is not more than rent if you have no mortgage. And its not lost income it's earning the return of that asset over time. And before the bears pounce, real estate is not liquid and a volatile asset class at least now it is...

That's stupid, even for you.

Hilarious.

that depreciating asset

sorry alan. pantheon., most beautiful building on the planet., it is friday. i am fried.

columbiacounty
about 3 hours ago
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Let's get back to the topic at hand. How much do I get a week on the dole?

How long have you been on the lam?

Sorry, that was a slip, columbiacounty how long have you been on the dole?

Renters love forgetting about the rent amount when comparing to owning, then saying that ownership costs for the same apartment would have been higher (some say double), without any good facts to back up those statements.

It's nice to talk about opportunity cost, and very legitimate. But cash out lay is also important, so no mortgage = less monthly outlay than rent. And the extra monthly expense is gone forever, with a purchase you always have the asset, and the longer you hold it the more likely it will appreciate.

Unless it doesn't. In which case, you've lost. Or, of course, sometimes the un expected happens and you have to sell....at a great loss. Oh, what the hell, who cares?

Unless it doesn't. In which case, you've lost. Or, of course, sometimes the un expected happens and you have to sell....at a great loss. Oh, what the hell, who cares?

(whoops sorry wrong posting name again)

Hi...I,m actually hfscomm and I'm a complete asshole.

Hilarious.

right. my monthly costs when I sold were close to $6000 per month and the real estate taxes pushed me into the amt.

I'm crying daily over my feeble financial planning. I'm such a silly female I forget to take into account the rent amount when considering rent/buy analyses. $6000/$3000. I guess those aren't "good" facts. oh, and the apartment I sold needed a good $100k reno, at least. but lic isn't interested in any personal info, of course.

give me an f'ng break.

oh, you are female

I'm crying daily over my feeble financial planning. I'm such a silly female I forget to take into account the rent amount when considering rent/buy analyses. $6000/$3000. I guess those aren't "good" facts.

I think I heard the same like on MAD MEN :)

Careful shit head...you're sounding a lot like hfs.

columbiacounty
11 minutes ago
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Hi...I,m actually hfscomm and I'm a complete asshole.

Actually I think you did forget.. sort of. Perhaps you considered it but did not plan on the rent decision be so long term. In either case, over time the increased costs add up.

Oh riversider...when was the last time you actually were outside?

columbiacounty
11 minutes ago
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Hi...I,m actually hfscomm and I'm a complete asshole.

aboutready... Did you and the hubby find and corporations to sue in Italy? You really need that beach house.

Oh Jesus...visiting hours are over?

Italy? ANOTHER vacation this year already

rs, you tool, I forgot? I f'ng breathe real estate.

what increased costs? so far mine have increased only slightly while the cc/taxes on my old unit have increased more than my rent has. and with a $3000/$6000 ratio and no repair costs I've got plenty of room for increased costs before I need to worry about my 7 years and running worth of savings beginning to be eroded.

and then there's the freedom. but thanks for your concern for my financial situation.

What if I put my huge nest egg into a trust that pays my rent for me? Then my rent is once again much less than the carrying cost of owning without a mortgage. Snap.

Only the top 1% work greenecounty. The people need us. They demand our shared sacrifice I only wish the people would appreciate the top 1% instead of demonizing us. The leader of this regime should bow to the top 1% instead of bowing to the princes of arabia.

except you had to make huge compromises...

http://stuytownreport.blogspot.com/2010/06/ah-smells-and-sights-of-dog-friendly.html

http://stuytownreport.blogspot.com/2010/06/mexican-gang-tags-stuy-town.html

what if upon retirement I pay all cash for a property that costs one third of the amount of a NYC apartment?

owners like to think of the tax benefits of owning (and how long will that continue) and usually happily ignore the boatload of interest they pay over the years to the bank.

http://stuytownreport.blogspot.com/2010/04/skateboarding-ban.html

aboutready
4 minutes ago
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rs, you tool, I forgot? I f'ng breathe real estate.

Better than getting a job or being a parent I suppose.

That didn't take long. Riversider, don't you realize that no one bothers to open any of your stupid links?

owners like to think of the tax benefits of owning (and how long will that continue) and usually happily ignore the boatload of interest they pay over the years to the bank.

Except that Obama plans on raising taxes, making the real estate and mortgage interest deduction that much more valuable.

"What if I put my huge nest egg into a trust that pays my rent for me? Then my rent is once again much less than the carrying cost of owning without a mortgage. Snap."

Your nest egg would probably be worth less than 50% at this point after the recent market crash. Unless you were hedging it with gold (which i highly doubt), you would had been worst off. How bout some Bear Sterns and Lehman bonds??? Oh Snap!

Yo aboutready! nice vaca?

flamo nycmatt, yeah a re borker and coop prez... yup thatz what life's about... FLMAO.

julia, got your gunz... I hear itz legal at all playgrounds.... I'm packing heat right NOW!

How can you breathe real estate while renting? Is that like window shopping?

Vacation? 6 weeks in 6 months? Is that what they call people who have given up on trying to get a job or be a parent?

My image of Riversider, a fat beast who can barely reach the keyboard and a landline with direct call in to Ollie's... FLMAO

flmao

Julia, we have a country house. you know, you're really stupid. we don't find anyone to sue. it works like this, oh feeble one, a client comes to you and says hey, we're in a dispute with another company and we'd like you to represent us.

I don't like the beaches near the city. I like blue water, white sand, and little to no seaweed. I go elsewhere for my beaches. but thanks for thinking of us.

you hypocrite. can't stand those who don't have, can't stand those who do. how's that medical insurance working for you?

Hfscomm

"Vacation? 6 weeks in 6 months? Is that what they call people who have given up on trying to get a job or be a parent?"

No...that's what they call a job at Burger King.

Julia, we have a country house. you know, you're really stupid. we don't find anyone to sue. it works like this, oh feeble one, a client comes to you and says hey, we're in a dispute with another company and we'd like you to represent us.
I don't like the beaches near the city. I like blue water, white sand, and little to no seaweed. I go elsewhere for my beaches. but thanks for thinking of us.
you hypocrite. can't stand those who don't have, can't stand those who do. how's that medical insurance working for you?

She's a lawyer now. Interesting.

More hfscomm

columbiacounty
34 minutes ago
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Hi...I,m actually hfscomm and I'm a complete asshole.

"what if upon retirement I pay all cash for a property that costs one third of the amount of a NYC apartment? "

With what return? You been buying those junk bonds i've told you about for the past 16 months?

http://finance.yahoo.com/echarts?s=SHIAX+Interactive#symbol=SHIAX;range=6m

Yield still good. Distressed debt continues to rock.

Ericho. The idiot PH bubble buyer giving financial advice. You were wrong on lic re, wrong on equity rally last year, wrong on gold and wrong on extendze. Flmao. Go back and get a finance degree you tool. Flmao.

AR,
How's ghetto living at Peter Copper Village?

http://gothamist.com/attachments/jake/2006_2_petercooper1.jpg

Sorry, i was right. PH is selling above 600psf. Prices have gone UP since i purchased.
We got almost 100% rally off of the March lows.
Gold hit NEW highs this year.

*pat myself in the back...then a BACK SLAP IN YOUR FACE* Slap! Slap!

w67th, the vacay has been great. but this last week has been a bit of a slog. the girls have been great, but they're hot and tired. we have a marathon crazy-eights game going. in Rome no less. but if that's what makes them happy, I'll skip the Vatican.

rs, you really wrote that? you do realize I still own? that I'm fully capable of buying? that I'm researching other markets? that I've owned three other times? if you're so content in an owned property that you are in for the long term why would you follow pricing? especially with your logic?

aboutready, YOU are really capable? Or your husband whose money this all is. Your husband who is the only breadwinner in the family, right?