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Manhattan market on fire

Started by JuiceMan
over 12 years ago
Posts: 3578
Member since: Aug 2007
Discussion about
Remember those silly people that claimed Manhattan would never rebound from the recession? Remember those silly people that said PSQF prices would adjust to $500? Remember those silly people that said inventory would approach 20k? Remember those silly people that said rents would continue to plummet? Remember those silly people that said it was foolish to buy in 2007? I just wanted to say hi to all of those silly people. Where are you now silly people?
Response by West81st
over 12 years ago
Posts: 5564
Member since: Jan 2008

Hi JuiceMan. How's the family? Must be about time for the little JuiceSnack to start school, no?

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Response by JuiceMan
over 12 years ago
Posts: 3578
Member since: Aug 2007

Hello W81st! Yes, UWS preschool for two. Isn't it grand? How are you? Business is surely good?

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Response by urbandigs
over 12 years ago
Posts: 3629
Member since: Jan 2006

Juice!! been a long time!

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Response by West81st
over 12 years ago
Posts: 5564
Member since: Jan 2008

Wow, the second one started already? That's crazy.

RE is still a sideline for me. Good thing too.

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Response by JuiceMan
over 12 years ago
Posts: 3578
Member since: Aug 2007

Digs!! Your inventory widgets are trending low, low, low!

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Response by bramstar
over 12 years ago
Posts: 1909
Member since: May 2008

Hi, Juice. Glad you're back!

Westie, do you have an updated email address?

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

Fort Lauderdale.

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Response by West81st
over 12 years ago
Posts: 5564
Member since: Jan 2008

Bramstar: You have mail.

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Response by caonima
over 12 years ago
Posts: 815
Member since: Apr 2010

if the fucking obama and fucking benanke haven't been printing money and debt like crazy, if this duet of fuckers haven't lend our tax money to wall street's bonus pool called tarp, if our fucking government hasn't ordered to stop foreclosure, it'll be the fucking JuiceMan who need to work for juice

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Response by somewhereelse
over 12 years ago
Posts: 7435
Member since: Oct 2009

Remember those silly people who said the market wouldn't crash? Oh wait, what do we have here?

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Response by RealEstateNY
over 12 years ago
Posts: 772
Member since: Aug 2009

"Remember those silly people that said PSQF prices would adjust to $500?"

Talking about Brooks?

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Response by JuiceMan
over 12 years ago
Posts: 3578
Member since: Aug 2007

Hey bramstar!

Hey SWE, glad to hear you are finally admitting the market is up!

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Response by matsonjones
over 12 years ago
Posts: 1183
Member since: Feb 2007

RealEstateNY: Yup. The same Brooks2 who now claims he rents in a prime location, full service, luxury building, and this year, despite rising costs (real estate taxes, energy, unions, etc.) and strong rising rents across the board, all he had to do was ask his landlord not to raise his rent at all because he's such an asset to his building, and so they didn't.

Ooos. Did I type "asset?" I meant "asshat."

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Response by eriegel
over 12 years ago
Posts: 140
Member since: Apr 2011

No matter how strong the market a good tenant at a few bucks less is worth the money saved in not having to paint, have the place empty for a month, etc. Say 3K/mos in rent. You're talking 5K or so in costs (or 400/mos over a year's lease)

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

>/mos over a year's lease)

Nobody is moving yearly.

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Response by KeithB
over 12 years ago
Posts: 976
Member since: Aug 2009

JM: A reminder that time does indeed fly! The birth announcement here seems like yesterday!

Keith Burkhardt
TBG

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Response by Cpalms
over 12 years ago
Posts: 122
Member since: Sep 2007

I wonder where stevehjx is?

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

Fort Lauderdale.

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Response by JuiceMan
over 12 years ago
Posts: 3578
Member since: Aug 2007

Steve is wearing white shoes and flowered shirts and driving a golf cart to get his groceries. He is also bored out of his mind with Florida living.

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Response by ss400k
over 12 years ago
Posts: 405
Member since: Nov 2008

but at least steve has a brand spanking almost new $39,000 2011 mercedes to make up for having to deal with strip malls replacing a stroll down 9th ave or cps.. bling bling

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Response by ss400k
over 12 years ago
Posts: 405
Member since: Nov 2008

i miss costco living

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Response by Brooks2
over 12 years ago
Posts: 2970
Member since: Aug 2011

eriegel
about 5 hours ago
Posts: 58
Member since: Apr 2011
ignore this person
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No matter how strong the market a good tenant at a few bucks less is worth the money saved in not having to paint, have the place empty for a month, etc. Say 3K/mos in rent. You're talking 5K or so in costs (or 400/mos over a year's lease)

Something that evaded the intellectual capacity of some " professionals"

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Response by eriegel
over 12 years ago
Posts: 140
Member since: Apr 2011

Last time i rented in Manhattan was 1981 - 1985. Rent was 650/mos (525sf West Village co-op) when I started and 675 when i finished. Landlord told me that she only increased the rent once nominally because I paid on time; never complained; and the builing had no issues with me. I think the rent went up 8 - 10% when I moved

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Response by RealEstateNY
over 12 years ago
Posts: 772
Member since: Aug 2009

"Last time i rented in Manhattan was 1981 - 1985."

Different world, that's gone with the wind.

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Response by eriegel
over 12 years ago
Posts: 140
Member since: Apr 2011

There is still a monetary value to not turning over a tenant. No one is going to give away anything; no one ever did. They do, however, figure the cost of flipping the unit into a decision to renew someone at less (not tons less) than market rate. It's good business

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Response by Brooks2
over 12 years ago
Posts: 2970
Member since: Aug 2011

Funny, a concept that is too difficult for both RENY and mastonjones to grasp.

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Response by falcogold1
over 12 years ago
Posts: 4159
Member since: Sep 2008

JuiceMan daddy-O,
Glad all is well with you and yours.

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Response by JuiceMan
over 12 years ago
Posts: 3578
Member since: Aug 2007

Falco my friend, you still hanging around these parts?

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Response by RealEstateNY
over 12 years ago
Posts: 772
Member since: Aug 2009

Brooksie: Hang in there, prices are going down to $200 psft. LOL!!

In the mean time enjoy the Bronx!

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Response by rb345
over 12 years ago
Posts: 1273
Member since: Jun 2009

RealEstateNy:

1. I doubt that Brooks2 is living in the Bronx

2. given the amount of time he posts here, and the speed with which he posts,
he might be living on Rikers Island, in a room with a great river view

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

Rikers is part of NY County whereas I believe the floating barge goes with the Bronx. Kylewest might know.

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Response by BJR
over 12 years ago
Posts: 0
Member since: Apr 2013

is it just me or the real estate market is really on fire? I looked at the market 5 months ago and since then I feel the prices have gone up considerably. My friend told me that he sold his place just last year and now that he is willing to buy again he feels the prices have priced him out. upper east side, 2/2 condo are higher by $100k-200k now then few months ago? Is that true?

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Response by truthskr10
over 12 years ago
Posts: 4088
Member since: Jul 2009

Steve's purchase will be in great shape once sinkholes start reducing florida's inventory.

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Response by matsonjones
over 12 years ago
Posts: 1183
Member since: Feb 2007

RealEstateNY + rb345: (*snicker*)

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