Picture is worth a thousand words

Mafia- I don't understand clearly what I'm looking at. Can you explain please. It's very confusing without reading the article.

oh thanks for the reminder mafia, we all almost forgot.

Meaningless Graph form a meaningless person.

dco, that's the case/shiller indices for the regions it tracks since 2000 to present, showing price movements since then.

we are clearly in an accelerating downtrending housing prices- it is very difficult proposition to argue that those lines will all of a sudden start going up now.

"Meaningless Graph form a meaningless person"

textbook ignorant response from houser. in one thread, you yack away asking for prices of the same unit that have decreased yoy. then here, you clearly see a graph using data points that the markets trade on, which is the closest index you will ever see of housing price movements of the SAME HOUSE over time (which is the Case/Shiller methodology) and you dismiss it as meaningless.

MMAfia we are talking Manhattan not Youngstown Ohio you moron.

Thanks MMAfia- I just didn't understand the context. As you can read I believe that NYC will get crushed in the 9-12 months. Inventories are starting to pile up. The spring season is a bust and wall street hasn't even begun to give out 90% of the pink slips. This slow down is just people anticipating tough times ahead. Just wait until the tough times arrive. Some people will never believe the facts. Or just choice to try to convince others that their own investments were not wrong. It's actually sad.

dco what grade are in 10th or 11th? Shouldn't you be studying for finals?

No duh dingbat.

But of course, you wouldn't care what's happening around the nation since Wall St's implosion has nothing to do with Manhattan real estate right? It's the foreigners stoopid?? puaaahahaha

you also realize there is no statistic for price movements for the same unit within Manhattan. the closest price index in existence is the Case/Shiller index which tracks prices for the SAME HOUSE over time. so, while the graph linked to above doesn't show specifically Manhattan, since it is the only index that tracks prices for the SAME HOUSES over time AND it include the NY metropolis, it is NOT a meangingless graph. It is in fact the closest data series you will get to what you are asking stevejhx in the other thread, retard.

Actually, houser, your weak analysis and feeble attempts to banter with stevejhx and others (which in one thread, you were CLEARLY schooled as per the comments from observers who posted on the thread) make you, not dco, the one who appears to be stuck in school, except elementary for you.

Go back and study and stop posting here.

MMAfia posting meaningless graphs is just plain stupid. What in the world does your Graph have to do with Manhattan?

There is only one place I know where there are data for the same or virtually the same apartments over time:

http://350bleecker.com/policy/sales.html

Unfortunately, until last year co-op prices in Manhattan - the bulk of the market - weren't recorded in the same way that deeds are, so there's no way to go back very far. How realtors love opaque markets!

"MMAfia posting meaningless graphs is just plain stupid. What in the world does your Graph have to do with Manhattan?"

LMAO. done with you for today. thanks for the entertainment fix during lunch.

MMafia ah come on we all want to look at your pictures. They're so colorful.

350 Bleecker is such a gross building. I think it was built in the 60s. I am suprised Marc Jacobs and Co have not had it torn down. It's an eyesore.

eah, I used to live there. Nice neighborhood, the apartments are just okay, I prefer where I live now.

However, this wasn't a comment about that building - it was just a source of price data.

houser- You must be the one in high school since you respect no ones opinion.

dco I put you in the same category as MMafia except MMafia who I totally have no respect for is far more intelligent than you.

By the way you prove my point everytime when faced with bearish information. MMAfia posts a chart and you just disregard the information. You should grow up and pay attention. You just might learn something.

TO ALL BEARS: you guys have been screaming about THE CRASH since December 2007. We're almost have-way though 2008. When are you going to start screaming about THE CRASH of 2009?

westelle- You should read the post before you speak. Most people will agree that slowdowns take time. Talk to me in about 9 months. After which I will concede defeat if prices don't drop 20-30%.

westelle, real estate doesn't crash the same way stocks do. It takes time.

That said, I did think it would have started sooner....

westelle they already have although next year they're going to be saying the crash will occur in 2010.
I hope we get a crash before we get a recovery because time is certainly running out.

dco: deal. My google calendar will remind me to call you out on those numbers/predictions.
Another thing: stevejhx is on some kind of the government dole. He'll never admit it, of course, but a combination of facts tells the story.

westelle- It will be my pleasure to admit I was wrong. Many people may not believe me but I hope I'm dead wrong with my predictions. I have no vested interest in the NYC real estate. I just just enjoy the movement of the economy an the effects it has on various sectors. I don't want anybody to lose their jobs. However I call it like I see it. I track numerous economic indicators and then come to my conclusions. If the indicators were bullish that is the way I would of called it. No one wins in this environment. When this is all over the Tax Payers will be the biggest losers. So accept your challenge and hope you win.

What I don't like about the graph is that it just says "New York." What the hell does that mean?

New York State? All five boroughs? Just Manhattan? All of Manhattan? Only 'prime' Manhattan? Averaged generalizations aren't really a big help.

You lived at 350? No way...I know a few people who live there.