Are the moron perma-bears still posting on SE?

I don't know, is Brooks2 still here? Mr. $500 a sqft. LOL!!

Did you start this thread to discuss a reinflated, unsupportable real estate bubble?

Awhile? Try yesterday.

Hey dealboy. W67 bought 2.5k shares of apple with margin based on my $2mm gain in sprint.

How's that nyc re doing? W67 will buy more apple if it gets stoopid again. How come dealboy, urbandigs, Ali, w81 and ericho won't buy more RE? Mortgages are still low by historical. Inventory is low and economy is booming.

What are you afraid of? Go on. Buy nyc re. Transaction costs are only 6%. Inflation is at 3%. RE will go up 10% this year even w mortgages hitting 5%. It's a sure bet. W67 has some condos to sell u. A deal for dealboy. Bend over.

Renter with $1mm in bank.

Owner with $100k down $900k mortgage.

Think really hard, fkboy. U too nyre. Who's richer?

Did ya both re-fi with 1% ARMs? Ha. Bigger slip knot on the mortgage noose. Nice

"I don't know, is Brooks2 still here? Mr. $500 a sqft. LOL!!"

+1 on that.

w67 owns 67 residential condos. And a yacht. Yet he cheated one of his last landlords out of last months rent. But his wife makes a mint - she was "touched by thousands".

I have owned since the 90s.

Mortgage paid off long ago.
Housing costs me basically nothing.

> Hey dealboy. W67 bought 2.5k shares of apple with margin based on my $2mm gain in sprint.

My condolences. Apple sure has been a bloodbath for bargain seeking suckers
I am sorry you've lost some of that fictitious $2mm "gain".
(Wait, let me guess, you bought it at $385, of course!)

dumboy

whether or not 67 actually bot shares as claimed is anyone's guess, but had you not been on yet another crack binge you would have seen 67's real-time calls.

having missed 67's very nice sprint call, i was compelled to buy aapl at 392 spot on his call, flipped out of half my posish in the 430's, all in again at 397. not particularly meanimgful size, but verry entertaining.

thx 67--i know when i size up it'll be your first bad one, but such is trading.

oh, and dumboy thx for your ongoing comedy--"the village idiot", starring you!

hones, you gucci/oliverpeoples-clad rental peddler, thank you, too for the laughs!

>> I haven't been on this forum in a while. Many people were perma-bears there. "Renters invest the money they save, etc". Do they still try to promote the idiotic idea of the "millionaire renter"?

This would be less comical had you not posted on the day S&P 500 set a new all-time record close. Now at 2.7x the low from 2009.

as comical as this indodogshit?

jim_hones10

about 3 years ago

Posts: 3256

Member since: Jan 2010

w67thstreet
about 17 months ago
ignore this person
report abuse alrighty... petrfitz... here is my financial armageddon financial situation (not wishing for it, but taking an educated guess with my on-line persona background):

One day petrfitz you will see a shadow of a homeless man in the window and do a double take and realize it's you in the mirror and you'll just be another financial version of the walking dead in those horror flicks. And here is how we get there.

DJIA and S&P goes on a false rally for the next several months with fiscal stimulus, Obama, and no bad news out, in Q3/4 09' banks start disclosing commercial/credit card bad debt.. capital ratios fall to a level where a second wave of banks are teetering on bankruptcies, Obama emergently passes TARP 2.0... GM goes under, followed soon by F and Chrysler... unemployment hits 11%, some municipalities declare bankrutcy roiling the public debt markets. Bernanke... goes back to his research paper and does everything he can to stench this with a negative interest rate policy... The chinese and middle east finally get that for their leaded toys and oil we gave them a piece of paper worth nothing. They dump dollars denominated bonds/RE and all other US assets... wrecking havoc on our currency. The RE downturn in US continues unabated and rent goes down b/c how many homes do we need? and people do the opposite of bubble... they consolidate housing (living with parents, rooming together, going back to school (dorms)), which further decreases value of RE (that's how you get "f!!!ed petrfitz." ). The US consumers feel the devaluation as a spike in gas prices and flat screen TVs, leading for an interesting time when TVs (due to contractual obligations) built in China are turned around and re-shipped to China in a "new" black market, as well as oil and other commodities (thank goodness we produce a lot of food in this country, if it was Japan.. .there would be riots and cannibalism.. they don't produce enough food to support themselves.. .hence their need to go on war rampages every 100yrs). Remember the J-Curve takes awhile and our export won't happen for several years and maybe never cause we demolished all the factories to make "HOUSING" . LMAO

Oh where was I? Yes, (Geopolitcally) all of the above wrecks havoc on Russia's economy, especially oil.. they are pissed and need someone to blame.. .Putin puts himself back in power with the "we hate America" even more now mandate (they already want us dead).. and in order to take the minds off its populace from huge unemployment and as a fiscal policy increases its military (Cold War version 2.0). They take sides with the middle east against US and Israel and secretly start shipping arms to Hamas via North Korea (as the US cannot effectively deal with a nuclear armed crazy country).

Now Americans are scared... TARP 2.0 hasn't worked, 600K new gov't jobs only represent 5% of those unemployed, bridges to nowhere only help 1/100 of the laid off housing construction workers... inner city youths get disenchanted as they do the right thing and go to college, but work at Starbucks and those working at Starbucks with GEDs are laid off. Gang violence increases and they come out with cheaper "crack" and this puts tremendous strain on our social services which are woefully lacking in funding.

Now we have "Stagflation". Bernanke doesn't have any credibility and as a student of economics.. .I believe the first order of business is to tame inflation (the German Bundesbank has it right). If Volker is still alive, he does Volker 2.0 and raises interest rate to 15% ( yep I gotz me a car loan from the 80's with a 19% interest rate right here youngins.. .it's happened bf). This is the medicine which will finally right the ship.. .but at the expense of further drop in RE...but this is like a 5 flusher people. This is when Petrftiz declares bk and walks around asking for change...

Oh BTW how's the sticks swinging today? I'm hitting my 3 iron to the "moon Alice," but then it messes up my Nike 5900 driver... WTF? Damn too cold to hit balls today... oh well... let me go find AR and play some mind games.... :)

This is just my worst case scenario given what I see... maybe petrfitz opens a Subway franchise (he's started a company... yeah!) and can look down on us I-Bankers.

when?

w67thstreet

about 4 years ago

Posts: 8690

Member since: Dec 2008

stop ignoring this person

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RE_P, $500psf..no problem.

30yrs and Stevehjx, I should have clarified... I meant a dead cat bounce more in terms of volume spikes, I don't believe for a moment the sellers will have any pricing power (although, if it went to $1,500psf, at this moment, I don't think there's enough server capacity to hold all the new listings that would flood the mkt) :)

hotclee... point taken, but Ericho75 started it :). I will make amends by getting back to the NYC RE market with something I'll call "Building Bubble Math". Follow me to that thread, it'll be rally enlightening

yikes
about 12 hours ago
Posts: 846
Member since: Mar 2012
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dumboy

>whether or not 67 actually bot shares as claimed is anyone's guess, but had you not been on yet another crack binge you would have seen 67's real-time calls.

Remember the time yikes started a thread with his real time calls and no one cared and no one posted to it?

>having missed 67's very nice sprint call, i was compelled to buy aapl at 392 spot on his call, flipped out of half my posish in the 430's, all in again at 397. not particularly meanimgful size, but verry entertaining.

I recall the time that 67 reiterated his call on Sprint to yikes and yikes said it had run up too much for him, it was too rich for him. And then Sprint went up from the 5s to the 7s.

Of course yikes flipped out half his posish on Apple. So verrrry entertaining.
Why does yikes talk like a pre-teenage girl? Who is he trying to impress?

Ah, the bubble buyers are STILL bitter?

So sorry my SSOs are up 482.66%, and RE is still down... and even worse in real terms...

And the market is EVER HIGHER. PRICES HAVE DOUBLED since a few years ago. FREE MONEY.

Funny seeing somewhereelse not too long ago still insisting we are in a market crash. Time verifies the fools.