Top Fund Manager Sells NYC Real Estate

This news is several months old.

this 'news' is so old it's mouldy, anon3. The only thing more antique than this article is your 'little black arrows point down' shtick.

Seriously - do you even live in Manhattan? Do you live in ANY of the five boroughs?

Hmmmmmm......interesting - still no response from anon3 - could it be the 'little black arrows pointing down' personae known as anon3 is someone who doesn't even live in NYC?

I've asked this question a couple times with no response. anon3 does not live in NYC.

So, after all this, 'little black arrows point down guy' is just a jealous little anybody who could never make his bones in the five boroughs, and now, from his lounge chair is some dumpy little nowhere town lobs angry, angry, angry comments in to these boards?

GOTCHA, anon3! Go back and play in the sandbox with your little flyover friends and leave Manhattan real estate concerns to the big girls and boys! The closest you'll ever get to experiencing NYC is by watching 'Dick Clark's Rockin' New Year's Eve direct from Times Square!'

Your official steeteasy.com board name will now no longer be anon3. Henceforth we shall christen you to be known as 'anybody from nowhere.'

Why all the personal attacks? I'm not insulting you personally - just think investing in NYC real estate is a very bad idea right now....seems there are some VERY scared people out there...little black arrow point down!

No personal attacks dear 'anybody from nowhere.' - just the truth, finally, after all this time!

You've been called out on the fact that you hold yourself out as some kind of 'little black arrows point down' authority regarding Manhattan real estate (and we've been seeing your retarded posts now for years on streeteasy, even as prices have continued to rise in Manhattan - even a stopped clock eventually tells the correct time twice a day), when you don't rent here, you don't own here, you don't work here - my god, you don't even live here! Do you also go on real estate boards for Sacramento, Boise, San Antonio, Akron, and Orlando as well and do your 'little black arrows point down' schtick there also?

If you think investing in NYC (and specifically Manhattan) real estate is a bad idea, well, you just said that. Bully for you. Now go away. And what are you talking about "...seems thet are some VERY scared people out there..." Really? In Manhattan? VERY scared? Gee, I really don't think people who own homes on Fifth, or CPW, or CPS, or the Village, or SoHo, or Tribeca, or Flatiron, etc., etc., etc., are VERY scared. Or even just plain ol' scared at all, for that matter. I know I'm not.

Now, if I lived where YOU lived, I would indeed be (as you say) VERY, VERY, VERY scared.

And where exactly do you live, 'anybody from nowhere?' After all, it only seems fair that one such as you who bestows such oracular pronouncements upon us all should at the very least grace us with your general location, no?

pseudonym - I don't know why you went on such a rant or what gives you the idea that I don't live here. I do live in Manhattan and have an interest in Manhattan real estate. Chill out dude.

Oh, you DO live in Manhattan? Really?

"...I don't know...what gives you the idea that I don't live here..."

After numerous people on this board (including me - see posts three and four above) have asked you multiple times in the past and you've never, ever answered (also see post five above by juiceman)?

Suddenly, NOW, after I totally call you to the carpet, you *sheepishly* admit to us that not only do you LIVE in MANHATTAN, but you also have an 'interest' in Manhattan real estate. And what, pray tell, would that interest be, exactly?

Hmmmm.....

I call shenanigans on you! I think you're lying!

Wow - you guys are wicked on this site. You must be true professionals - masters of the universe!
We're all just trying to live in the greatest city on the planet without getting fleeced or bankrupted.
Ease up....

How's this for new news. Cold hard facts:

"Home prices in the New York City area fell 0.8 percent in August, and are down 3.8 percent for the year ended in August."

See NYT today: http://www.nytimes.com/2007/10/31/business/30cnd-econ.html

Manhattan continues to ride the wave, but the wave may be getting smaller.

Again, as explained many (countless, in fact) times before on this site -

New York City 'area' does NOT equal Manhattan.

Manhattan (particularly prime Manhattan south of 89th) has nothing to do with Pelham, Staten Island, Bensonhurst, Brighton Beach, Far Fockaway, or Fresh Kills, okay?

It's like comparing apples and bowling bowls.

The simple fact that you can't tell the difference between the two is astonishing. THAT'S the cold hard fact, sdg827.

sdg827 and pseudonym - you're both right which I find ironic...NYT article makes it seems as if NYC prices had fallen, whereas Case Schiller composition for New York MSA includes are adjoining the 5 boroughs - LI, NJ etc.

Actually, if you look at the millersamuel data you will see that prices in Manhattan are down 3.4% from a year ago...expect further declines.

http://www.millersamuel.com/charts/gallery-view.php?ViewNode=1168397199eIXkM&Record=7

epwalton: Not everyone on this site is so touchy. The bulls have been getting increasingly touchy in recent weeks as the signs that the subprime/CDO contagion has been contained look weaker. Remember, after the Fed rate cut, it looked like September would be the bottom as far as negative stress on housing and the economy. That got further fueled by the September U.S. jobless numbers coming in better than expected.

But now it looks like there will be some significant fourth quarter pain as well, which seemed like a much more remote outcome a month or so ago.

A lot of people on this board fall in the camp of "continued Manhattan appreciation long term, but flat-to-no appreciation near term." But, as usual, the people at the extremes are the most vocal.

How did anything I wrote suggest that I can't tell the difference between the two. I merely posted a quote and a link to an article with factual information about the housing market. I really don't care whether prices go up or down and I definitely don't take it personally when people provide evidence or an opinion on the issue. You do pseudonym - and that certainly something I can tell the difference between. This is the first time I've ever directed a comment at another poster, which is much more than I can say for you. When you feel the need to respond to someone so bitterly and with all caps, it's time to take a step back a think.

Your exact quote was "...How's this for new news. Cold hard facts:..." reagrding an OP whos post reads "..Wow - you've gotta be pretty brave to invest in Manhattan real estate these days...."

And yet, magically, we are to see absolutely no correlation whatsoever between the two. Because, of course, you were merely posting a totally random link with only general information that had absolutely nothing to do in any way whatsoever with the discussion at hand.

Riiiiiight......

I don't take things personally when people "...provide evidence or an opinion on the issue..." I take things personally when people like the OP post very old articles as if they're actually providing current information, or when people fib about who they are or where they live. anon3 was called out first by me, and then by juiceman above (and multiple times on multiple posts on other threads in the past) regarding if he/she even lived in the area they were opining on. Which I still don'r believe that anon3 does.

Oh, and I did indeed capitalize all of two words (not all as you suggest) in my last previous post. I'm So SoRrY iF aLl ThOsE CaPiTaL lEtTeRs OfFeNdEd YoUr DeLiCaTe SeNsIbIlItIeS.

When you feel the need to at first pretend that your commentary exists in a vacuum, then accuse others of taking things personally, and finish that off with exaggerating a person's netiquette, well, perhaps that's when it's time to take a step back and think - sdg827.

Psyudonym = Broker! BROKER ALERT!! BROKER ALERT!! BROKER ALERT!! Little black arrow point down...

Hey anon3, isn't Streeteasy Scarsdale coming out soon?

Oh poor little anon3 - in order to deflect attention from yourself, all you're left with in the end is to blindly lash out accusing those who don't agree with you (and catching you in a fib about living in Manhattan) as being brokers? That's all you're reduced to? That's your best offense? Pathetic.....

Allow me to directly quote myself from an earlier thread on these boards when another retarded poster did the same thing as you and accused me of being a broker after they had no cogent argument left in their arsenal. Here's what I said to them "...Hardly a broker, except that I've personally bought, owned, and sold over a dozen Manhattan residential properties (some as homes and some for investment) over the past 25 years living in NYC (mostly all located in the Village). I've personally experienced two major booms and two major crashes, rode them all out, made a tremendous amount of money, and now am fortunate to live in a very desirable home in a wonderful area of the Village..."

I further went on to say the following, which I would also like to posit to you directly - and just give us all a straight answer, rather than trying to deflect your idiocy with your out-of-left-field accusations "...How many homes have you bought and sold in Manhattan? How long have you been living here as an invested homeowner? Is your experience only driven by a knowledge of the market between 1995 and now, or were you actually living in Manhattan as a homeowner during the previous 1989-1994 downturn, and perhaps, before that?.."

So please elucidate us, Mr. little-black-arrows-point-down-anon3-anybody-from-nowhere, by simply answering these simple, straight forward questions above. Perhaps knowing the most general background and experience you have in Manhattan real estate would go a long way to explaining your pov...

holy moly. Pseudonym, no-one is going to read your last post. You've gone down some random angry little rabbit hole of your own creation.

Maybe start a new thread: "I am right" by Pseudonym.

Pseudonym - I've owned over 1000 Manhattan residential properties, experienced ten major booms and ten major crashers, rode them all out, made a tremendous amount of money and now an fortunate to live in a very desirable townhouse on the Upper East Side.....just cuz you say it doesn't make it true.

If you actually studied the data, did an owning/renting cost benefit analysis including all fees/taxes/maint. charges etc. you'd have to be blind not to see that investing in Manhattan RE (or any US RE market for the most part) is like throwing money down the toilet. The only way you could be so personally offended by an article stating facts is if you were either a broker or someone desperately trying to unload his/her properties. If anyone has resorted blindly lashing out it is you my friend....BROKER ALERT!!!! BROKER ALERT!!! Little black arrow point down....

I call bs on anon3. . ..he is MMafia. . .and I think one poster said they saw him on anothe real estate board and he lives in Westchester.

mastrq - as to "...no-one (sic) reading my last post..." - well - you proved the exact opposite with yours. Random I'm not. And I am right, in this case.

anon3 - I see that you still can't answer a simple set of questions honestly and sincerely, instead of (once again) resorting to cynicism, sarcasm, and once again attempting to deflect attention from yourself. As I expected and predicted!

Just answer the three simple questions I initially out forth -

1. How many homes have you bought and sold in Manhattan?

2. How long have you been living here as an invested homeowner?

3. Is your experience only driven by a knowledge of the market between 1995 and now, or were you actually living in Manhattan as a homeowner during the previous 1989-1994 downturn, and perhaps, before that?

It's really, really simple - just be honest. My bet is that you have little or no actual experience buying and/or selling Manhattan real estate. My bet is that you're nothing maore than an armchair quarterback/backseat driver, whose suppositions are based on thin air and imaginary scenarios. Which is prefectly fine, but for God's sake be honest about the fact and just admit it than hiding behind faux rightous indignation!

I've been completely honest regarding my background - why would I/should I be otherwise? You, on the other, attempt to evade every simple, straightforward query put in your path not only by myself, but by others on this site in the past as well with your sarcastic, cynical, and assinine repetitve 'little-black-arrow-point-down' posts.

I HAVE studied the data and been involved for approximately a quarter century (give or take). Investing in Manhattan real estate is most certainly NOT '...throwing your money down the toilet..." in all cases right now. In some, I would say abolutely yes. But by no means all. But that's your weakness, isn't it? You can only see black and white (or should I say black arrows and red arrows?), but no shades of grey. And this is, I expect, because you have little or no actual real experience in the market.

I'm not offended by the article you posted, per se, but by your cheap attempt at scare tactics when you KNEW this article was quite old, but you still tried to pass it off as the most recent authoritative word on the subject - and you were caught red-handed!! And to this, you can't even admit!

IDIOT ALERT!!! IDIOT ALERT!!! Little flashing arrows now pointing at you....

I have thoroughly enjoyed your latest rants pseudonym however; I must add one question to your list.

4. Are you currently renting in Manhattan?

Yo juiceman - I assume your question #4 is also for anon3?

Yes.

Hmmmmmm - still no straightforward answers from anon3 yet to the four simple questions posited above from myself and JuiceMan.

Interesting.....

The crickets are deafening, but lets give him a little more time. He may be stuck on Metro North.

...still listening to the crickets and waiting for your simple, straightforward answers, anon3....

...still listening to the crickets and waiting for your simple, straightforward answers, anon3....

THIS is why I'm "..personally offended by your behaviour..." (to quote you). Not because of some article you posted. Or your little-black-arrows-point-down schtick. But because you're a liar and a coward.

Yet when one DOES mention one's experiences in the market, unless it's in glowing terms, one is accused of being a psycho wack job.

I'm feeling rather sane, having read this thread.

Dude, take it down a notch man. Just having some fun, let's not go postal. One thing you can say about anon3, is he is very entertaining! For all we know he could be a high schooler posting from Nebraska. Who really cares? No need to be defensive, you have earned your credibility here......

and lost it

hehe that was only one person aboutready. I did enjoy discussing the school thing though and would like to further, but I'm also anxiously awaiting anon3's response.

<<>>

pseudonym - this thread is psycho. chill out. Who cares who I am? You are clearly threatened by simple articles discussing facts are resort to name calling/making up facts about yourself as some kind of strange lashing out. I don't believe you aren't a broker and/or someone trying to unload tons of properties and I don't care if you think I live in Scarsdale.

I try to post useful info for those making a decision right now - I think the market is headed for a huge downturn based on research I've done and post useful articles so that people can see both sides of the story. If you think otherwise why don't you post some useful info instead of acting like a crazy? We can agree to disagree but I'm not going to give any personal information to a person clearly on the edge. Calm down.

The thread is a bit funny to me. All we need is some unicorns now...
Pass the popcorn. :)

"We can agree to disagree but I'm not going to give any personal information to a person clearly on the edge."

Translation, I can't answer any of the four SIMPLE questions above without being a complete laughingstock, so I will avoid and blame it on someone else. It isn't like we asked your address, name, or phone number. Thanks anon3, you proved the point for us. Enjoy posting your "research" and your "experience based" opinions and we will continue to get a kick out of reading them.

aifamm -
Maybe after my next visit with my therapist to root out some of my deeper psychological issues, I'll be prepared to revisit the issue.
I'm have not been awaiting anon3's response, because frankly, I really don't care where anon3 lives. Do you have to own in Manhattan to have an opinion? And, many stupid people have bought and sold over the years, as well as many bright people. Show me the connection.
anon3 - if you want some ammo there was a Bloomberg article (a CURRENT one) referred to just the other day on Streeteasy. It wasn't positive, and it didn't, ironically, get much of a response.
Cheers, and have a good weekend everyone. We're taking out daughter, the one who attends the "snotty" private school, to the country to get some FRESH air.

aboutready, on a board about NYC real estate it is probably helpful if the people posting actually own or rent in the city don't you think? What if you were deciding on where to send your kid to private school and used a blog as a resource. You would hope that most of the contributors had kids in the schools you were interested in, correct? Mis-information could hurt the decision process right?

oh, and give the "psychological issues" wrap a rest. As aifamm stated, it was one person who said that, but many others were very complimentary to your posts.

Wow, I don't know where that came from. I simply made a point about public vs private schools and offered a contradictory opinion (also since I did go to a "snotty" private school). Never did I say your daughter was snotty, nor you. In fact I said I didn't blame you for doing so. I was trying to understand more of your perspective as I too struggle with the issue. But if you're upset it about, that's fine.

What a stupid thread. Are we all really that bored?

...still listening to the crickets and waiting for your simple, straightforward answers, anon3....

"...You are clearly threatened by simple articles discussing facts (sic) are resort (sic) to name calling/making up facts about yourself as some kind of strange lashing out (sic)..." Can anyone please parse this sentence gramatically to me?

"...I don't believe you aren't a broker and/or someone trying to unload tons of properties and I don't care if you think I live in Scarsdale..." I don't know where you really live or your background/experience because you won't answer a few simple, generalized questions about yourself honestly and in a simple forthright manner. You're STILL deflecting!! As for myself, my recent posts on these boards speak for themselves in terms of consistency, I believe.

"...I try to post useful info for those making a decision right now - I think the market is headed for a huge downturn based on research I've done and post useful articles so that people can see both sides of the story..." No, you rarely post articles, and when you do they're out of date, as was the OP here. All you usually do is repeat 'little-black-arrows.'

"...If you think otherwise why don't you post some useful info instead of acting like a crazy?.." I have done so in the past on multiple occasions, if you had bothered to check my past posts and not lashed out so randomly. As far as acting 'crazy,' I think my posts have been quite reasoned, particularly compared to your 'little-black-arrows' posts that repeatedly blanket these boards. I happen to think it's crazy that you can't manage to answer a few simple questions without turning the entire procedure into a generation scarring tragedy!

"...We can agree to disagree but I'm not going to give any personal information to a person clearly on the edge. Calm down..." I don't want your personal information. All we're calmly asking to know is -

1. How many homes have you bought and sold in Manhattan?

2. How long have you been living here as an invested homeowner?

3. Is your experience only driven by a knowledge of the market between 1995 and now, or were you actually living in Manhattan as a homeowner during the previous 1989-1994 downturn, and perhaps, before that?

4. Are you currently renting in Manhattan?

...still listening to the crickets and waiting for your simple, straightforward answers, anon3....

anon3 must really be on to something if you guys care so much. He/she has clearly sent this guy "over the edge" as an earlier post stated. I don't see how any of your questions really matter pseudonym - you just seem angry. I'll take some of that popcorn aifamm!

ddog - just explain to me exactly what in the above text seems angry - to me, it seems cleary and concisely stated without too much emotional content at all. All anon3 is 'on to' is the fact taht he/she still can't seem to answer a couple of very simplistic questions.

Over the edge? Uhhhhh, hardly.

pseudonym, is sitting on these boards a full time job?

i seem to remember your proud reference to the hedge fund arena. surely that keeps you busy enough.i would assume anon3 did not respond because we probably has better things to do.

I have come to see from many posts that pseudonym delights in the role of provocator and instigator and contrarian. He likes to salt his posts with snarky barbs and if that's his thing, it is what it is.

Pseudonum also apparently hates anon3 and seems to go ballistic anytime the dude posts something or starts a thread. Then again, anon3 is a bit of a provateur, too.

I only like needling anon3 because anon3 is such a weenie.

And because it's so easy and so fun.

...still listening to the crickets and waiting for your simple, straightforward answers, anon3....

Hey guys, actually, I was joking. (Although I do owe an apology to aifamm, I confused you with the individual who made the highly personal comment, I have a thick skin, but not always a forgiving tempermant). I haven't left the board, and I'm certainly not offended generally. That ONE comment was rather snarky, and I was just making my little riposte back. Always happy to exchange information and ideas. Someone DID refer to the snobby school issue.

Juiceman, real estate is real estate. I believe there is a correlative relationship between experience and knowledge (otherwise I wouldn't have offerred my own info) but it certainly isn't causative. If I had only asked a broker three years ago what mortgage product would have been available to me, I would have known a tremendous amount about the market (and if I had been looking for some time, it might not have involved any purchase or sale at all.) And many people who should have known better...

poor anon3 - the guy actually posts somewhat interesting things other than what most of the brokers (lets face it guys) post here. pseudonym hates him for some reason (no offense if you are a her anon3)....clearly he hits a nerve....anyway though I may not always agree I welcome all points of view and I hope you haven't freaked out anon3 so much that he stops posting stuff, but from reading the above i understand why he'd be kind of afraid of you pseudonym cuz your posts are kind of psyco (in anon3's terms)(but don't turn on me!)

ddog - just explain to me exactly what in my above text seems "...kind of psycho..." I asked you this in my last response to your previous post, but like anon3, all you seem able to do is deflect, rather than answer a very simple question. To answer your thought directly above, I feel what is truly 'psycho' is that someone who seems SO opinionated and emotionally invested in the real estate market (anon3) has "...clearly hit(s) a nerve..." by being so afraid to answer a few very straightforward questions. After all, what I'm asking is quite reasonable non-invasive information, when all is said and done.

speaking of anon3,

...still listening to the crickets and waiting for your simple, straightforward answers, anon3....

Hey, I have a game! Everyone post a quote from psycho "pseudonym" so we can all play a part in answering his question "what in my above text seems '...knd of psycho..'". It doesn't even have to be from this post, but extra points if it is. Maybe he'll start taking his medication again. I'll start it off:

"Now, if I lived where YOU lived, I would indeed be (as you say) VERY, VERY, VERY scared."

good game dmag! I've got one:

"You'll always get a helping hand bashing a lying coward"

...still listening to the crickets and waiting for your simple, straightforward answers, anon3....

pseudonym - if you like listening to crickets, then you go. If not, well ....

dmag2020: If you like questions to be answered so much, why don't YOU answer these questions -

1. How many homes have you bought and sold in Manhattan?

2. How long have you been living here as an invested homeowner?

3. Is your experience only driven by a knowledge of the market between 1995 and now, or were you actually living in Manhattan as a homeowner during the previous 1989-1994 downturn, and perhaps, before that?

4. Are you currently renting in Manhattan?

And then you can play ANOTHER game by having anon3 answer the questions as well!

aboutready -you are so full of it. Keep living in that crap hole. You are so financially astute.Their are so many other dumps you can rent in Manhattan as well. Yup now I can understand why you are in the top 1% of the income bracket.

Oh Spunky, how your trenchant comments keep the market sane. Good luck my friend.

you too my top 1% income bracket friend.

What a joke this guy is!! He writes: "dmag2020: If you like questions to be answered so much, why don't YOU answer these questions -" after I call him out on being psycho. Don't try and grill me about my real estate experience just because I commented on your obvious emotional instability. My real estate experience has absolutely no bearing on your mental health.

dmag2020 "...My real estate experience has absolutely no bearing on your mental health..." Yes, and MY real estate experience has absolutely no bearing on your mental health, either, and I'm clear not to confuse the two, where you seem (sadly) unable to do so.

Listen, all you did was insist on answering my question in the first place, so all I'm doing is positing a few more to you. There's absolutely no need for you to feel so threatened and angry about it - they're just four simple, basic questions, not a personal indictment directed at your person as you seem to feel by taking everything so personally. If you're so scared to answer a few simple questions, and all you can do is once again deflect by calling others a joke, accuse them of having questionable emotional stability, calling them names, and wrapping yourelf in moral indignation to boot, I'd probably have to surmise that YOU'RE the joke on this thread.

Just answer the questions, fer christ sake, and calm down. It's not the generation scarring tragedy you're trying to turn it into! Chill out!

Ask me on a thread where I've commented on the real estate market. I've only commented on your lashing out at other posters on this thread, so it may be viewed as an inappropriate and childish retort to respond by asking me about my RE experiences. But I'm glad to see that you're telling me to calm down and chill out. (by the way, if you must know, I own a 2 bdrm in the Gramercy area that I bought 4 years ago and yes, I've only lived in the city for 12 years. Alas it is revealed, my experience only goes back to 1995. You are right, I am totally not qualify me to comment on your lashing out at Anon.)

Yes dmag2020, I can see that you've continually commented on other's behaviour, but not on your own - that is rather plainly clear.

JuiceMan and I ask about people's experience because it gives us all a better indicator on where the poster has come from (in a most general sense, of course). That's all. We're not trying to get anybody to give up state secrets here. We don't "lash out," to use your angry language.

If you feel want to term the fact that I and others called anon3 on the OP article which was represented by anon3 as being current when it wasn't, or on the fact that both JuiceMan and I called anon3 to the carpet to see exactly what his/her experience is (because of anon3's multiple repeatedly puerile 'little-black-arrows-falling' posts) "lashing out," than that's your issue, and yours alone. It's still stunning to me that anon3 has suddenly been so evasive, maintained complete radio-silence, and absolutely refused to back up any of his/her opinions with the answers to a few rather simple factual questions. Even more stunning, perhaps, is the fact that you seem to find anon3's behaviour completely normal, appropriate, and defendable.

I do agree with you about one thing, though - your last sentence "...You are right, I am totally not qualify me (sic) to comment on your lashing out at Anon..." is spot on.

Dmag, to add to pseudonym's point, I could care less if you rent, own, own for 15 years, bought 400 properties, etc. The only reason I asked anon3 is because his posts were dated, stupid, and most of the time, flat out wrong. Additionally, I came across a Curbed posting from anon3 where he was touting his "Scarsdale renovation" and that explained to me why his posts were so out there...because he didn't live in NYC. If you don’t understand why it matters, go look at some of his posts over the past few months. They don’t make any sense

It is a free country and anon3 can post whatever he wants, I was merely trying to highlight that anon3 may have a bit of a credibility issue. Pseudonym, rightly asked anon3 some pretty straightforward questions which he didn't answer. We are not the Streeteasy police and don't feel the need to "qualify" posters. This is not about disagreeing with someone, I disagree with people on this board all the time, but most people on this board have intelligent opinions or are leading discussions based upon experience or fact. It is that simple really.

Juiceman/pseudonym, you're clearly the same person. I already told you I live in Manhattan. My posts make complete sense - unlike most of yours which simply rant against anyone who believes investing in Manhattan RE is a bad idea right now. Deal with it.

oh yes - and Little black arrow point down!

Wrong again Einstein. Unfortunately for you, there is more than one person that believes you are f.o.s. I assume you are going to tell us now that someone else is posting on Curbed as anon3? Yup, got it, good stuff. Keep it coming.

Wow, it's amazing, anon3 - when dmag2020 supports your position, you don't hear anybody on this board suggesting that you and he/she are one and the same person. I can actually manage to imagine that it would be possible that two different people would have the same misguided p.o.v. You, however, can only (yet again) lash out and hurl around accusations. Why so angry, anon3?

And now you further accuse me of ...simply rant(ing) against anyone who believes investing in Manhattan RE is a bad idea right now...." Simply not true at all, anon3. In fact, let's review, shall we? Your quote above was "...you'd have to be blind not to see that investing in Manhattan RE (or any US RE market for the most part) is like throwing money down the toilet..." My direct response to your post was "...Investing in Manhattan real estate is most certainly NOT '...throwing your money down the toilet...' in all cases right now. In some, I would say abolutely yes. But by no means all. But that's your weakness, isn't it? You can only see black and white (or should I say black arrows and red arrows?), but no shades of grey. And this is, I expect, because you have little or no actual real experience in the market..."

I think I atually hit the nail on the head - I think you have little or no actual real estate investment experience in NYC, I think you're only seeing the RE market as a black and white, binary 0 or 1, on/off proposition. Your viewpoint evinces no subtlty of understanding whatsoever. Perhaps if you actually had the nads to simply answer the questions I've posited, you could put that all to rest. But your repeated attempts (including you most recent post) to hurl insults, make accusations, and deflect pretty much confirms my suspicions. I'm not suggesting you're not enititled to your 'little-black-arrows' opinion. I'm just saying your opinion is hamfisted and obvious - a very blunt tool.

And if you do live in Manhattan as you say, please explain to all of us your earlier post mentioning your Scarsdale renovation - or do you thing it's that difficult to do a cache search? I never said your posts "...didn't make sense..." as you also accuse me of saying, I merely called you out on the fact that you're STILL trying to deflect, are wildly inconsistent, and won't answer a few simple questions.

oh yes - ...still listening to the crickets and waiting for your simple, straightforward answers, anon3....

You can rant all you'd like - the market is in decline and all the ranting in the world won't turn it around. Little black arrow point down!

And psy - I agree that not in ALL cases would investing in Manhattan RE be "throwing money down the toilet" and certainly it USED to be a good investment. I just think that with respect to current market conditions the vast majority of people purchasing condos/co-ops are making a financial mistake. Once the market corrects (or if you can find some spectacular deal and I mean way below current market) I agree that investing in Manhattan RE will probably once again be a good investment. However, pouring leveraged money into an asset that is more than 90% likely to decline in value over the next 5 years is not a good investment....thus little black arrow point down....buyers out there need to be smart....

"However, pouring leveraged money into an asset that is more than 90% likely to decline in value over the next 5 years"

Keep posting anon3, you are making my point for me. 90% likely to decline in value over the next 5 years? Now that is a well thought out and educated opinion. What else you got?

But five years ago you were saying little black arrows point down. So I'm not comfortable with your prognostications, based on all that experience you (don't seem to) have.

...still listening to the crickets and waiting for your simple, straightforward answers, anon3....

what a wild board!

pseudonym and JuiceMan--have you considered fighting in Bagdad? bet you would do well.