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Renters - you missed your chance to buy!

Started by petrfitz
almost 13 years ago
Posts: 2533
Member since: Mar 2008
Discussion about
Rents are soaring. Developers are buyiing up every last lot in Manhattan at all time high prices. Even Astoria and LIC are selling at all time highs. You Debby Doubters missed your chance to buy at all time lows in price and financing. Good luck renting for the next decade until the new bubble pops!
Response by vic64
almost 13 years ago
Posts: 351
Member since: Mar 2010

A lot of houses cannot close after Sandy (in November and December). The banks were asking for second appriasals on top of other delays.

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Response by jason10006
almost 13 years ago
Posts: 5257
Member since: Jan 2009

Uhhhh...I was comparing YOY stats, slow month to slow month. Rental volumes were actually HIGHER YOY in the report.

Seriously, YOU need to stop digging, greentea. Its obvious you don't even understand how these reports are generated, and its also obvious you did not even read any of them.

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Response by greensdale
almost 13 years ago
Posts: 3804
Member since: Sep 2012

Very valuable, slow month to slow month. Limited sample size and of non homogeneous inputs.
But you said I need to take a statistics class.

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Response by vic64
almost 13 years ago
Posts: 351
Member since: Mar 2010

Sandy made Nov and Dec 2012 exceptionally slow.

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Response by jason10006
almost 13 years ago
Posts: 5257
Member since: Jan 2009

"Sandy made Nov and Dec 2012 exceptionally slow."

OMFG you need to shut the $*$*$ right now. The # of new rentals was UP 21% YOY. Not down. Read the god damned thing before talking out of your ass.

http://www.elliman.com/pdf/17a86eedbfb4d049c96b9ded81134763ff32afb5

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Response by greensdale
almost 13 years ago
Posts: 3804
Member since: Sep 2012

even better

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Response by jason10006
almost 13 years ago
Posts: 5257
Member since: Jan 2009

"Very valuable, slow month to slow month. Limited sample size and of non homogeneous inputs.
But you said I need to take a statistics class."

You are a moron. That is why YOY is the best measure, because seasonality. idiot.

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Response by stevejhx
almost 13 years ago
Posts: 12656
Member since: Feb 2008

Jason, chill! No need to go all apoplectic and everything.

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Response by greensdale
almost 13 years ago
Posts: 3804
Member since: Sep 2012

Monthly year over year data from the slowest time of the year is the least valuable way to draw a conclusion. Apoplectic Jason.

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Response by jason10006
almost 13 years ago
Posts: 5257
Member since: Jan 2009

"Monthly year over year data from the slowest time of the year is the least valuable way to draw a conclusion. "

Which is why I ALSO showed you the same data from M-S quarterly going back to the mid-90s!!!! Boy, you are dense.

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Response by jason10006
almost 13 years ago
Posts: 5257
Member since: Jan 2009

Here it is again.
http://www.millersamuel.com/charts/manhattan-quarterly-rental-price-indicators-inflation-adjusted

In real $ terms, median rents (his preferred measure) are unchanged for a decade or more.

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Response by greensdale
almost 13 years ago
Posts: 3804
Member since: Sep 2012

Now to confuse things more, you are adding in inflation? More adjustments? 10 year period of measurement as evidence for how rents have trended for the past year?
Can you also measure rents in Japanese Yen and compare to shares of SoftBank?

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