Manhattan real estate is Magnificent

sorry..those who "purchased" your rewards are well deserved

I think you are on the wrong website. This is "steeteasy"

steveF: Not so much. Just jigger the graph/chart dates to start March 2008 to present. We're really just returning to mean in a time of tremendous volatility...

Real Estate is cheap relative to bonds....but so is everything else

http://www.bloomberg.com/video/druckenmiller-everything-cheap-relative-to-bonds-8HITUOmxSQ~y4ahNAqpqUA.html

Madonna santa in cielo!!!! Mamma Mia!

Brooks. No I know my sites you can ask anyone in the neighborhood.

matsonjones, the perfect storm is brewing in the bulls favor. Inventory is lower than...well..it's the lowest ever and demand is....well...go to UD and see for yourself or visit some openhouses.

Real estate prices are cheap compared to the relative value of the US dollar. Keep printing dollars and devaluing the dollar and watch Manhattan prices and rent continue to rise. I have to assume that's why gasoline prices are at 4 bucks a gallon today yet no one wants to accept the fact the gas prices are up due to the weakening of US dollar.

http://www.GasBuddy.com/gb_retail_price_chart.aspx?city1=USA Average&city2=NewYork&city3=Trenton&crude=n&tme=96&units=us

Dude, that makes no sense. The price oil is going up so NY RE is going up? Come one you can to better than that. How us the Yen doing bs the dollar? The euro,

Next you will tell me that NY RE will go up because of the sequester.

love real estate

No, the price of oil and gasoline is going up in large measure due to the falling value of the US dollar. Here read this. http://www.forbes.com/sites/louiswoodhill/2012/02/22/gasoline-prices-are-not-rising-the-dollar-is-falling/

RE is another asset and I would have to assume that if the dollar keeps on falling which it will over the long term then price of RE especially in Manhattan will continue to rise as measure by the US dollar.

Here is an example of how our weakening dollar plays a role of jacking up asset prices.

"The value of the U.S. dollar plays a big role in these decisions. Yves Gougoux, a 61-year-old advertising executive who lives in Montreal, plans to close Tuesday on an oceanfront home in Vero Beach, Fla. "I look around and see more and more French Canadians down here," said Mr. Gougoux, who plans to raze the $1.5 million property and build a home with a pool and gym. With the U.S. dollar and the Canadian dollar near parity, the price of the house comes to around 1.46 million Canadian dollars. Ten years ago, when one U.S. dollar bought 1.53 Canadian dollars, a $1.5 million home in the U.S. would have cost 2.29 million Canadian dollars."

Dude, where's my car?

so look at it this way condo prices are not really rising it just that you need more of those worth-less US dollars to buy the same condo then you did ten years ago.

Renterjoey, why do you hate America?

huntersburgh, why do you hate Canaday?

I don't hate Canada.

why?

There's no reason to hate Canada. To me, its like C0lumbia C0unty plus a few more hours north.

that's why?

reallynow?

that's why?

3 questions in rapid fire succession. Should I answer then in order that you asked them, or some other order?

any order you want.

yes
no
no

Hmmm... So an example of a Canadian buying distressed RE in Florida. Not Manhattan ... Maybe that's because if the sequester .

>distressed RE in Florida

Where do you get that from?

Raze ...

this is you talking to you.

hilarious.

Who

?

oh come on.

Hi C0C0

why?

I think it is polite to say 'hi'

wrong.

Remember, this is New York, people are polite if you know how to approach them. This is not San Francisco.

Brooks2 - CC thinks that you and Greensdale are one and the same. Beyond bizarre.

hey...thanks so much for translating.

what would i do without you?

C0C0, don't become dependent on NYCNovice, she won't be here in NY forever.

great advice.

are you having a great time now?

Sunday eve, winding down. Just watched 60 minutes on China real estate: http://streeteasy.com/nyc/talk/discussion/34207-china-real-estate-to-burst

so...what is brooks watching?

history channel?

Some vacant RE in Rock CEnter. Rock Center Manhattan outside of Shanghai ..

how's the plane?

Which one?

a6

taking off here: http://www.airnav.com/airport/1B1 (note: no control tower)

too bad you can't afford the A8L

Hey hey, look what a little Google search turns up.

But also, C0C0, you mentioned you have a really big expensive car that your friends criticize you for, is it the A8L?

what about your plane?

I don't have a plane. You?

i was talking to the other you.

send it back.

While we wait, tell us more about your expensive car. How expensive is it?

first you were hfscomm1.

then you were hunter burger.

no you're greens dale.

who else?

Stick with the car.

who are you?

hfscomm1?

huntersburger?

greensdale?

Go back to the car

tell us about your flying experiences.

Car

huntersburger.

SteveF actually wants everyone to forget... he got decimated in real estate, so he pulled out and moved into stock after most of the runup. He started an entire thread on it.

Whoops...

ok, so SteveF, please tell us what activity you've had in real estate, and what activity you've had in the stock market

why would you change your name on an anonymous board? what are you trying to hide?

so many have changed their names to no fanfare.
Does a name change offense your righteousness, despite all you've done to hurt so many people in real life?

how many names? how many changes? what are you hiding?