SE's Index for Oct 2010

Down 15% from peak; up 5% from the trough; no clear current trend discernible. Seems about right.

I agree w/West81 - this seems to jive with some of the other data we have seen, which is a good sign for the quality of this index. Down 15% from the peak, up slightly from the trough.

9.8% unemployment. At least you got 6 months of low interest rate. Flmaoz.

So now it's all about the spring...

After the jobs report I think there's going to be a lot of coal in those stockings.
And to the SE poster who is MY Secrete Santa...I'm wishing for a belt buckle made of mistletoe.

w67th, who said "gold"? You want everyone to see the world with the same blood-tinted glasses you do? I think you'd lose your whole MO if that were true.

Omfg. I'm glad you guys borkers or wanna be borkers and not in charge of your family's finances.

You want everyone to see the world with the same blood-tinted glasses you do?

Thats it!
No more team w67....
I'm team Jacob from here on in.

Bubba, why so condescending?

w67: We're just looking at the numbers, not predicting the future. I think there are many macroeconomic reasons to expect further downward movement; but the index is retrospective, not predictive. It doesn't show a second drop yet, unless you consider falling from 1850 to 1840 a major move. That's all we're saying.

w81: w67 has previously defined people who pay attention to data as lemmings. Welcome to the club

Sls. You are pulling a foxtv on me. I said I seek data that'll show me when the bubble retraces to equilibrium and shoot past it, that's the only data point that I seek. These little humps and bumps are like the dancing and weaving bf the knOck out blow.

Btw w81 pointed out a true candidate for $500psf c6

w67thstreet
about 5 months ago

Good show apt23. Don't let the lemmings confuse you with their 'data'

http://streeteasy.com/nyc/talk/discussion/21285-shadow-inventory-for-fun-and-entertainment

Too bad you can't send air quotes through the internets.

i say the high end comes down and the low end moves up

If u need me to spell it out to you in splanglish. Here it is.

You can quote me. Given all the market manipulations in nyc re, and nationally over the last 3 years. Any strength was and continues to be illusory, with no follow on economics that will propel nyc re higher. $500 psf was my prediction for a c6.

So tell me sls, will nyc re excelsior when bernie gets his hairy azz off of interest rates? Say to a Ho hum 8% for a $2mm mortgage?

So those data points are like roid based stats meaningless to a true data collector.

67..to take your hood and its most glamorous complex, what are you seriously predicting for lincoln towers studios? In the low 300s (say 325) at best so far. And when? Go check the data.....

LT is large, trades often, tons of price history....

"So tell me sls, will nyc re excelsior when bernie gets his hairy azz off of interest rates? Say to a Ho hum 8% for a $2mm mortgage? "

so...are the prices fall dependent on dramatically higher interest rates?................cause, not at all clear when that will happen

Bubba reminds me of the Mets.

and , obviously, predicting 500psf implies some pretty high apt yields unless you're also predicting a fall in rents (but, wait, if interest rates are way up, isn't inflation....)

I remember when LT alcove studios were being offered at $60k. But more to the point. As surely as you will have a bowel movement, interest rate will rise.

Lemmingness is defined az the inability to know which unmanipulated leading economic indicator to follow.

Fking buffoons! Inflation is a 'general' measure. Prices are determined by supply demand. In the short term maginal revenue can be less than marginal cost, especially when you have delusional idiots as 'owners' and the oft hoped for next year, like the Fking mets. In RE => w67 is ARod.

In that case Bubba, 80% of your neighbors are A-Rod's too. That's some wild ass inverse bell curve. Be a star, do nothing, delude yourself into believing all price reductions is real cash in your pocket, and buy lux items with the money you just "made."

When I curse, I'm not really cursing at 'you'. Just that one flaw in your logic.

Spinny. If you saw my 50 footer one off, it's pedigree, it's equipment and what I paid for it, you'd call me arod. The inability to calculate 'gains/losses' whether cashed or avoided is => ?????