Which President will be good for Real Estate?

Why would Romney want rates to go up and hurt the economy? He might name someone different than Bernanke but that person will do little more than talk tough on inflation. He won't raise rates.

Romney might hurt the real estate market a bit if he truly limits deductions but there is substantial uncertainty whether he would get it passed- it's would be just one element of a multi-petal negotiation with Reid.

Romney will be great for NY RE. all of the rich will be taxed less so they'll be able to pay $2K psf.

the rest of the country...... who cares, there won't be any middle class, india/china/mexico/etc will be our new middle class. you'll have the poor, the extremely poor and the filthy rich.

Shit shit shit. I gotta go change my vote. Godddaaaammmmit. Why didn't you tell me Romney was anti real estate!?

I'm a one issue kinda guy..... Oh wait a minute. I'm not a real eatate brokewhore.

Don't you have to be human in order to vote? No gorillas or chimps were in my line this morning.

Also, what's the rule on felons? If w67's dishonesty "came home to roost", what would be the implication?

"I just heard Jim Cramer say that if Romney is elected it could crush the current housing market, reason being that Bernanke is pro low interest rates in this economy, and Romney will get rid of the current fed chairman (like most new presidents do) and will put in someone will most likely raise rates, and thus crush the current housing bull."

For those of us looking to buy in the next few years, this is great news.

"Good for real estate" doesn't mean what the media want you to think it means. The only people who benefit from high RE prices are people who have already bought the biggest or most valuable home they'll ever own and are now looking to scale back. Everybody else -- first-time buyers, starter-home owners whose next home will be bigger than their current one, and people occupying their long-term home -- lose when RE is high. Even people who are already in the biggest home they'll ever have lose if RE goes up, because their property taxes will rise in tandem with local appraisals.

When I see the phrase "good for RE" in any mainstream media article, I mentally switch it to the reverse, as if I were reading an article about golf instruction that presumes everyone is right-handed when telling you what your left shoulder or right foot should be doing, as if there were no lefties in the world. "Good for RE" means "good only for one segment of the population".

hunterburger... they powered up your grid! NICE... POS property on the water or by canal street.. how the fk is that POS basement studio below WHEE PEE Fung RESTAURANT?

ASK THEM TO SPRAY FOR VERMIN MORE OFTEN... IT'S PART OF THE GENEVA CONVENTION requirement for old POS SS chking loser living in sub-basement rules.... WELCOME BACK!

>old POS SS chking loser living in sub-basement

Tell us about the co-op that your mother lives in? Why does she own?
Why doesn't she live with your father? Are they the same species?

Ok cuntZsandwich. When you tell me a way to plow in $1mm and make $1.4mm in 6 months wo a single down day, you may address me. Till then stfu.

On the question of my father. He passed away 6 months ago from lung cancer, and so you can see my situation ad why I'm not kicking my 69yo mother on the street, especially when I've got $20mm in assets.

But go fuck yourself downtown wo electricity and 'hip' factor. No amount of 'hipness' ca over come begging strangers to charge your iPhone or not showering your dirty holes for 4 days. UWS. 67. Go fk yourself your poor bastard.

No worries. He smoked like a chimney. By the time he stopped way too late. But I'm sure he gave me enough 2nd hand smoke to take me out too at some point. But go on. Go buy some fking manhattan RE and then sit outside the lobby chain smoking whilst the bubble reflates. Go on. Buy some more cuntsburger or are you too poor to even do a zero down mortgage? Hey the social security chk is in the mail. Whoot! For you and your 20 fking stray cats.

great points guys. I was curious as to where Cramer would get the idea that the new fed will raise rates...I guess he rather play it safe and not risk it. While i agree it would be a great opportunity for real estate to come back down and even go to fire sales again,I think since we are coming from great depression like conditions, real estate is one of the last American made industries that can still thrive and can really help create new jobs. Right now we need strength in the real estate market, that can help turn everything else around.

as for huntersburg and w67, I guess its personal between them.

angeloz: w67th and huntersburg don't know each other.
This is streeteasy, where people who you've never met can despise you if you dare to disagree with them.
They have nothing better to do in real life.

Unless either or repeal eminent domain, neither.

Damn right.

Yay!! Patrick M. Grattan won for Columbia County Board of Supervisors Chairman of the Board.

>w67thstreet
about 7 hours ago
Posts: 8528
Member since: Dec 2008
ignore this person
report abuse >Ok cuntZsandwich. When you tell me a way to plow in $1mm and make $1.4mm in 6 months wo a single down day, you may address me. Till then stfu.

>On the question of my father. He passed away 6 months ago from lung cancer, and so you can see my situation ad why I'm not kicking my 69yo mother on the street, especially when I've got $20mm in assets.

>But go fuck yourself downtown wo electricity and 'hip' factor. No amount of 'hipness' ca over come begging strangers to charge your iPhone or not showering your dirty holes for 4 days. UWS. 67. Go fk yourself your poor bastard.

Must have been proud that his son's crowning achievement was a year after expensive business school paid for by smoking daddy - when he decided that he'd give up and show "whitey" how smart he was, and pick ONE single stock over 10 years that goes up, one fast car, one whore wife who was "touched by thousands", one expensive watch and one yacht. If you don't count the dishonesty, the sexual perversion, the do nothing all day except the visit to the gym, and the making fun of people who own property but ignoring his own property ownership including for his mother, maybe it all sounds good.

Oh, poor daddy, didn't stop smoking in time - blame everyone else. What have you done for me lately w67? Any new fantastic stock picks? Any new whores that can pump out the volume your wife did?

I just don't know kids...
This town has held up well. RE values took a punch and got right back up...with the help of QE1,2 and now 3. Old Benjamin looks about the same but he got a lot more company. I'm not sure the the market will hold it's gains. I'm anticipating an avalanche of inventory in the coming months.

>I'm anticipating an avalanche of inventory in the coming months.

falco - out of curiosity, what makes you say that?

huntersburg: the "yacht", if he did have one, is in pieces and washed away now.
He didn't break loose with the money to put it up in dry-dock before the hurricane.
It was only in safe harbor, as he described in his pre-hurricane comment.

But he told us that his father died, so let's show some sympathy.
Get back to us when your father-in-law dies, w67th.
You can't start a thread about it but maybe you have a friend who will.

Low inventory numbers, the increase in closings and the completion of the election make for the best conditions in recent history for sellers. If you've been waiting for favorable conditions to sell, they have arrived. Let's see what comes out of the shadows.

That "shadow inventory" may finally see the light of day.

A few more mods now that Obama is re-elected, which does nothing for Manhattan.

Heeheheheheeee. My daddy not dead. Flmaozzzz. It's the Internet! I never made $1.4mm on sprint. I made $1.432mm.
Fking hilarious. Yes Riversider. Nutin bad ever happens to nyc re.

7hrs to recharge iPhone. Feed cats. Nice cuntZsandwich.

>Heeheheheheeee. My daddy not dead.

Amazing amount of indifference you have to your father being alive or not.

>huntersburg: the "yacht", if he did have one, is in pieces and washed away now.

He probably sold it just before the hurricane to some "sucker". w67th's timing is always perfect, or so he tells us.

a troll with a social commentary... that's fking rich.

Go walk to starbucks, charge iPhone, take public shower, line dry your dirty laundry... repeat till next storm.

WHEREZzzzzz my fking stock tip? GIVE me something, or just STFU you lozer basement dwelling downtown old SS chking "manhattanite." Living in the same fking flooded studio on MOTT street trolling the WEB. FKing hilarious.

one has to wonder what your relationship with your mother was like. You don't care if your father is alive or not, then you married a whore who was "touched by thousands" and who seems to be the breadwinner in your family. Plus you keep her locked up in a co-op that you own. Oh the horror, owning a co-op propped up by Ben Bernanke and the bubblerz.

going back into recession

Obama will never meet Congress half-way, and vice-versa

, let's go over the Fiscal Cliff ... yippeeeeee

"Which President will be good for Real Estate? "

i can't speak to that, but we are starting to see which President will be less good for the stock market.

"Fears that President Barack Obama’s re-election could send the U.S. economy and country over the "fiscal cliff" helped trigger a major stock market sell off and sent investors into the safety of Treasurys. "

"investors also reacted to warnings, first from Fitch, then Moody's that the rating agencies stand ready to cut the U.S. triple A credit rating if responsible fiscal actions are not taken."

"“The market is going down. The market does not want another four years of Obama. It does not want these tax hikes on a fragile economy,” said Peter Boockvar, Miller Tabak strategist. “We have an economy that’s barely staying above recession. Europe’s problems are deepening. Now we have the prospect of higher taxes.”"

http://www.cnbc.com/id/49727523

lucille, maybe Obama is bad for the market, maybe not. We have one day of evidence during which there were other factors as well including Europe, but nonetheless, ONE day of evidence.
You seriously just take what the media says and use that as your gospel?

i consume news. as of now news comes from media. i have no gospel.

Get ready for Obama to fire Ed Demarco. The Democrats want to go back to the days when Fannie & Freddie were tools of Congress and the Administration. And before you cheer recall how well it turned out for Barney Frank.
Mods for everyone! Socialize losses and hit the tax payer with the mess. But it's god for the banks and good politics for the Democrats, as long as in a few years we can demonize the new Barney Frank, which we'll call Maxine Waters or Elijah Cummings.

Take out the biggest mortgage you can on the biggest house you can find in a great neighborhood, then don't paid it.
Never fear Obama is here for four more years. You can stay in that house and to know what, we will forgive you on your mortgage payments. Screw the banks every one should have a great big house,
Praise Obama ye Obama

I'm with Riverturd. Let manhattan re pop and deflate. Well it's gone pop. We just need to deflate it. But I do disagree with you Riverturd. Obama will support the lowest of the low end, the $400k studio coop you live in, not so much. Flmaozz

If Manhattan real estate pops and deflates, but daddy has been dead by then, does it really matter?

w67, so much to prove, but at the end of the day, just a one trick pony, and already too late to show it to daddy.