http://www.nytimes.com/2010/08/06/business/06wall.html?_r=1&src=busln “This is the real stuff,” said Brad Hintz, an analyst at Sanford C. Bernstein & Company. “It shows that if you squeeze Wall Street, like a balloon it will come out somewhere else, and we really are squeezing Wall Street. Their business models are changing.” ----- They will certainly adapt. But all was headed in one... [more]
http://www.nytimes.com/2010/08/06/business/06wall.html?_r=1&src=busln
“This is the real stuff,” said Brad Hintz, an analyst at Sanford C. Bernstein & Company. “It shows that if you squeeze Wall Street, like a balloon it will come out somewhere else, and we really are squeezing Wall Street. Their business models are changing.”
-----
They will certainly adapt. But all was headed in one direction and that direction was unquestionably good for NY RE, so change implies risk in that direction. Sure, it might include the possibility of things going back to "good", or even "better", but those are only among many possibilities.
And we shouldn't forget that the longer the national economy remains stuck in the doldrums, the popular, and hence political, forces will be against Wall Street.
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Response by w67thstreet
over 15 years ago
Posts: 9003
Member since: Dec 2008
Yep.... And so it begins. The great unwind of NYC re.
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Response by eightyfour23
over 15 years ago
Posts: 6
Member since: Aug 2010
w67thstreet http://streeteasy.com/nyc/talk/discussion/15337 about 9 months
ago what if borker is also a stripper? then where does business end and pleasure begin or does it never end???? deep stuff man....
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Response by Truth
over 15 years ago
Posts: 5641
Member since: Dec 2009
What if a broker becomes a stripper, because there is better money to be made in that line of work these days?
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Response by eightyfour23
over 15 years ago
Posts: 6
Member since: Aug 2010
Then I guess 67 won't be able to blame her anymore for the mother killing her 4 children:
http://streeteasy.com/nyc/talk/discussion/21853-short-sale-w67ths-take-on-it w67thstreet
10 days ago
ignore this person
report abuse nyc10023... let's put things in perspective. The mother who killed her 4 children (even she didn't have the heart to slit the throat of the 2yo) and herself had "money" problems... a significant part of which was her housing, which were in fact pumped up to ridiculousness by the bubble... manhattan was ground zero of this bubble. Now I am left to wonder is she wouldn't have killed her children if she just was a single mother w/ a rebellious 14yo boy and not someone who had to split a gyro for 4 children as their dinner and almost evicted 2 from a bubble based rents...
The manhattanites trying to move their rent-o-meters up and down several hundred dollars for 1) walk up 2)borker fees 3) doorman 4) closeness to trains 5) the "right" school district 6) proximity to fairways... I drop not a tear. Go live in LIC if you think you are forced to being life poor and housing rich....
I can't imagine the despair of a parent to kill their own and the fear of the younger daughter watching her older sister being killed by her mother haunts me. Hey julialarge/riversider... rejoice 5 less ppl on the welfare rolls, but the billions of $ for banks/gm/unions... thatz.. "capitalism" right?
fking idiots.
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Response by somewhereelse
over 15 years ago
Posts: 7435
Member since: Oct 2009
next few years will definitely be interesting.
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Response by notadmin
over 15 years ago
Posts: 3835
Member since: Jul 2008
> next few years will definitely be interesting.
no doubt! I'm so looking forward to it.
BTW till renters don't say to owners on a daily basis "i don't want to throw money away by paying a mortgage and losing the downpayment". it's not over!
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Response by somewhereelse
over 15 years ago
Posts: 7435
Member since: Oct 2009
ha, good one.
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Response by Doggiexinn1
over 15 years ago
Posts: 5
Member since: Aug 2010
w67thstreet
about 4 hours ago
ignore this person
report abuse
You know what's funny, back in the days when I worked at 2 WTC,
Holy Shit, the investment banking job you got was at Dean Witter Reynolds?
What a loser. Let me guess, you tell people you were at Morgan Stanley because they merged and dropped the Dean Witter name.
But every time you go into a Sears, you feel the urge to jump behind the counter.
Yep.... And so it begins. The great unwind of NYC re.
w67thstreet http://streeteasy.com/nyc/talk/discussion/15337
about 9 months
ago what if borker is also a stripper? then where does business end and pleasure begin or does it never end???? deep stuff man....
What if a broker becomes a stripper, because there is better money to be made in that line of work these days?
Then I guess 67 won't be able to blame her anymore for the mother killing her 4 children:
http://streeteasy.com/nyc/talk/discussion/21853-short-sale-w67ths-take-on-it
w67thstreet
10 days ago
ignore this person
report abuse nyc10023... let's put things in perspective. The mother who killed her 4 children (even she didn't have the heart to slit the throat of the 2yo) and herself had "money" problems... a significant part of which was her housing, which were in fact pumped up to ridiculousness by the bubble... manhattan was ground zero of this bubble. Now I am left to wonder is she wouldn't have killed her children if she just was a single mother w/ a rebellious 14yo boy and not someone who had to split a gyro for 4 children as their dinner and almost evicted 2 from a bubble based rents...
The manhattanites trying to move their rent-o-meters up and down several hundred dollars for 1) walk up 2)borker fees 3) doorman 4) closeness to trains 5) the "right" school district 6) proximity to fairways... I drop not a tear. Go live in LIC if you think you are forced to being life poor and housing rich....
I can't imagine the despair of a parent to kill their own and the fear of the younger daughter watching her older sister being killed by her mother haunts me. Hey julialarge/riversider... rejoice 5 less ppl on the welfare rolls, but the billions of $ for banks/gm/unions... thatz.. "capitalism" right?
fking idiots.
next few years will definitely be interesting.
> next few years will definitely be interesting.
no doubt! I'm so looking forward to it.
BTW till renters don't say to owners on a daily basis "i don't want to throw money away by paying a mortgage and losing the downpayment". it's not over!
ha, good one.
w67thstreet
about 4 hours ago
ignore this person
report abuse
You know what's funny, back in the days when I worked at 2 WTC,
Holy Shit, the investment banking job you got was at Dean Witter Reynolds?
What a loser. Let me guess, you tell people you were at Morgan Stanley because they merged and dropped the Dean Witter name.
But every time you go into a Sears, you feel the urge to jump behind the counter.
Lost decade. Can we learn anything from Japan.