Anyone see signs of a slowdown in Manhattan?

And it's late, and I did mean PROPERTY BULLS! Ooops! I've posted a lot today, instead of doing my work. Mea culpa, mea culpa, mea culpa.

Yes I'm looking at the ticker tape and watching Manhattan property prices down by 30% tonight. The rapid change of Manhattan RE is changing as rapidly as pork belly futures. Wow it just changed again now RE prices are down 35%.

Just pressed the refresh button and now Manhattan RE prices just dropped another 5% to 40%. Call your RE brokers tonight and lock in that discount on the two BR on the UWS.

Oh no prices spiked up a little from down 40% to only down 38%.

stevejhx - if you bought in 2004 it would seem that the price of an apartment would be up 30-50% and you could still sell now for a profit at even an aggressively low price.

csn those days are over prices are coming down to pre 1980 prices. Take a look at the ticker tape I just saw a condo in Soho come across the tape at a 95% discount off the selling price. It's crazy

cns, I bought on Long Island in 2004, not Manhattan. But ignore the Spunk: she just likes to irk people. She thinks that real estate trades like stocks.

Who can take her seriously?

Spunky, what discount will you give me to unload your C and MER?

I'll probably buy more C just so I can say I got some cheaper than zizzi.

Steve, your comments are a bit too extreme, and your ego a bit too big. Your comments are generally insightful and have merit, however, it is the extremist expression of those comments and the "I am smarter than you" underlying tone which I believe is offensive to some.

That said, as someone said earlier, it is amusing, and has provided me with some needed laughs today to offset the concerning headlines.

Actually tempted to but BSC tomorrow after all the most it can go down is 2 or a buck and change or whatever it opens tomorrow.

I meant to say tempted to buy

Son of a gun that condo in Soho now jumped up from being down 95% to down only by 70% someone put a bid on it and it was accepted. Amazing how rapidly these prices are changing tonight.

Just from the BSC news the Manhattan RE prices are plunging overnight. It's crazy. Head for the hills.

Buckster, if you think I have an "ego," you don't know me. No ego whatsoever, ask anybody. But I am smart, & passionate. Don't confuse passion w/ ego: not at all the same.

Now then, my Spunkster might have a bit of ego, jackass that she sometimes comes across as being. But I'm sure she's a lovely housewife and has actually bought BSC, hoping the deal won't go through.

I am, however, very funny. http://www.youtube.com/watch?v=gqXh_EH9-fk

and you can watch me at a major comedy club.

I try to be entertaining.

stevejhx, it looks like you would have been better of in NYC than LI since 2004. I own property in both places and there is no contest on which has the higher appreciation. Not sure if you could sell property on LI at this point for much over what the costs were in 2004.

faustus you tard, I was giving examples of sectors of the economy that will do well in Manhattan during a downturn. Never claimed a silver bullet. If you idiots are going to claim doom and gloom and the end of the universe, the least one can do is point out some positive notes. Oh, and you wrong about the size of the turnaround industry and their ability to hire quickly. Have a look at a couple of them and see what their growth has been over the past two years.

Ah, JuiceMan, I thought you'd be better than using words like "idiots." It adds nothing to the discussion.

csn: I'm not trying to offload my LI apartment. But where I bought hadn't appreciated for 6 years, which is why I bought it.

would be best off unloading that LI apartment now if you can.