Housing quoe of the day
Started by Riversider
over 15 years ago
Posts: 13573
Member since: Apr 2009
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highly relevant to the NYC market
not
The graph allows you to enter a Manhattan zip code and hone in on that area of the city.
SO YES!
And that's just the beginning, RS: when the Fed winds down this stupid monetarist QEII and all of the air is deflated out of the stock market, the oil market, the gold market, & the commodities market, there is going to be worse than a double-dip. Added to that the equally stupid attempt to balance the budget, and bingo, we're dead.
I'm seriously considering a move back to Florida: a 2,500 square foot house on a canal in Ft. Lauderdale is running about $350k, down from $800k at the peak in 2007. The Fed is now doing what it did after the dot.com boom, which led to the housing boom, which is now leading to a commodities boom and worldwide inflation. Time for Helicopter Ben to stop trying out his PhD thesis on the good denizens of the world: it's not working!
Falcogold is still of the ilk that believes that supply and demand do not apply to Manhattan.
Good luck with that.