Today is a good day

Fktard really.

$1mm, up 17%. Is $1.17mm. Sell at $1.17mm take off 6% on top and you get. $1.1mm. 10% return over what 3 years? Less than 3% compounded annually. No Fking wonder u don't understand shitz.

Living day to day on closing prices..... Yet denying determinants of nyc re. Such a tool. And that's with 4.2% mortgages which are now 5%, meaning the next closing will be 9% below the $1.17mm closing. Flmaoz.

It's a zero sum game. It's a great Fking decade for me. U not so much.

coming from you those numbers "isn't" shocking at all

I could post numbers far more shocking than yours JM, but see little point. I am just grateful that my 09 purchase didn't blow up in my face. More than any other, this was my one purchase that proved to me that opportunities exist in all markets, good or bad. I wasn't so sure two years ago though.

JuiceMan: Happy New Year. Glad you are having a good day.

Strictly speaking, you haven't provided enough information for a meaningful assessment. With so many unknowns for both units (floor, views, light, condition, etc.) +17% could be good or bad.

ok ok.... you have a 2nd floor unit and the one that's selling is a 20th floor unit. you face the nasty street, while they get views. you just lost 20%. happy new year to you.

west81st, happy new year to you as well. Of course, you are correct. I will just say 17% is good but not great. Certainly better what most people on here claim.

Spin, great to hear, happy new year.

Happy new year to all. Great to see that even as we close out 2010, the same individuals continue to throw out insults and are generally unhelpful. At least some are greyed out...

Spinnaker1: Happy New Year. May you continue to show up on lots of "Best Buy" lists in 2011.

Juiceman, when did you make the purchase?

best luck to all in the new year

juicy, youre stuck--youve owned a zero return apt during a period in which you could have rented for less than carry; and owned stox with your equity and doubled. Your refi at a 2 points improved rate should illuminate that holding bonds during this time would also have been quite lucrative. but alas you have your lovely apt..so you might as well delude yourself with erroneous comps and whatever else necessary to believe it's been cheaper to own than to buy

oh...and have a drink..and a piece of humble pie on me tonight

Juiceman's apartment is up 17% according to his comps, plus he's received the benefit of mortgage leverage. That seems to be more than 'zero return'

It's hard to tell someone who bought an apartment that the alternative was risky hugely-volatile equities. They may have been up nicely this year, but with not insignificant risk.

It's also hard to tell someone that owning bonds would have been a better alternative. With low rates, there's risk of reversal at any time and significant losses.

A diversified portfolio makes sense.

You are correct huntersburg, people assume that all of ones net worth is tied up in their apartment. Funny also that people have forgotten how much was lost in the market over the past few years. Short memories. On the purchase timeframe, let's just say that it was during the time that most on this board claimed would be apocalyptic.

Bjw, happy new year. No need to worry about the insults, they are gray for a reason.

JM, nice. My comps are also about 5% off peak listing prices.Looking forward to a robust Spring season. With no inventory(from July 07 credit crisis) and the economy getting stronger by the day prices should move materially higher. Like I predicted good luck finding a condo for under 500k by the end of 2011.

Owner here. Down 25% from peak, up 5% from "bottom". Am I happy? Absolutely! Can afford monthly nut, walking distance to everything, love neighborhood & neighbors. Have gotten everything almost how I want it. Healthy, happy family.

Happy New Year, everyone. Can't believe how fast this decade has flown by, just when I was getting used to writing 20 in front of everything. Resolutions for next year:

1) Eat more vegetables (this resolution I have every year).
2) Learn to add more recipes to my repertoire.
3) Pick up a new physical skill.
4) Declutter my closet & kids'.

I'm writing this from a grand terrace over looking the caribbean sea 15 miles north of Cancun.
The sun is begining to color the clouds a a pale pinkish hue.
I'm easily 3 taquiella shots into happy hour.
My family is relaxed and pacific.
We missed all the exciting weather in New York.

I'm up 27% today.

Life's a fickle market
Always see the bright side of life.
Happy New Year my RE heads.
Next year we all win!

"Happy New Year, everyone. Can't believe how fast this decade has flown by, just when I was getting used to writing 20 in front of everything."

Easy there, nyc10023. You won't make it to midnight drinking this much so early on. 2009, 2010, 2011.

JuiceMan, I'm not sure why the approximate date of purchase is a secret.

But what I really can't figure out is why people are actually ANGRY at you because you own an apartment and some even seem to wish you ill.

go back under your bridge.

Inonada - I'm drunk on happiness, not alcohol. I thought I would never get used to writing "20" and now I've written it for a decade (yes, I know it's actually been 11 years).