Examples of Making Money in Todays RE Market

again, typical behavior, singling out exceptions to the reality.

if you search hard enough, you will always find exceptions. but that's all they are- exceptions.

can you imagine how many deals there are that went sour?

why focus on trying to make money of exceptions and take the greater risk in doing so? why not try to make money being smart and following current trends? there are MANY ways to make money in a stagflationary environment that have less risk exposure.

but then again, if you are a one-trick pony, or are emotionally attached to one asset class, then you will make behave like petrjizz.

MMAfia please cite 1 example of how you think someone could make money in todays RE market. I have never seen 1 post from you that shows that you know how to make money in RE. ALL of your posts only naysay and shoot down opportunities and examples.

I can pull a ton more examples like this one above.

that's exactly my point. i'm not married to RE. i'm not cheerleader for RE till death do we part.

I don't now how to make money in RE right now, nor would I want to try it given the current environment.

I'd rather make money elsewhere, in other asset classes including Gold and other commodities as we are in a stagflationary environment similar to the late 70s.

But you- yes you, Mr. One Trick Pony, are emotionally tied to RE.

oh, and by the way, no matter how many examples you can pull, there will always be more examples of deals going the wrong way, which is my point:

why focus on exceptions to what's going on right now in RE? we all know that RE is in trouble. instead of focusing on an asset class that's problematic and risky, why not move on?

this would be akin to finding those exception DotCom companies that WERE profitable during the bust. sure, they made money, but again, they were exceptions. why take that kind of a risk when there are other asset classes that also offer returns with a lower risk premium?

might as well go to the casino.

boy oh boy, all the people who bought at 15 CPW are making 7 and 8 digit profits! We are saved! THe market is on fire! Buy now before you get priced out forever!

hmm - a one trick pony? You do know that I do not make my primary living in real estate? How does being a success technology entrepeneuar who also owns real estate make me a one trick pony?

so i am glad to see that you admit that you have no idea how to make money in RE. So how does that give you any credibility to judge all opportunities as ones that will lose money?

MMAfia today you have called me a "mnday football quarterback" when I own and am buying real estate and you do not and are not. You also called me a "one trick pony" when all you do is nay say.

Can you see that you are the exact things that you try to slur me with?

Now is a great time to buy in prestigious Wall Street bonus Manhattan where prices never go down.

Call Dottie today.

"How does being a success technology entrepeneuar who also owns real estate make me a one trick pony?"

Easy- you can't let go and will spend all of your energy in trying to dig up exceptions to the general trend in RE. why not spend all that effort in developing strategies in other asset classes that have lower risk premiums?

Making money in RE in this environment is not something I'm interested in.

And as far as "all I do is nay say" - it's the truth. Call it whatever you want to, but it's the truth and it's what's happening. It's reality. It's here. Period.

MMAfia - ho are you qualified to say what a bad opportunity is when you admit you do not know what a good opportunity is? I know what both are. You admit you dont. So therefore none of your advice is credible.

petrjizz, your logic is so wack that i've reached a state of apathy with you. at least spunky was funny albeit being totally off at times. You- you're just, well... boring. and classless. too bad all the $$$ didn't buy you any class.

People made money during the Great Depression, so I guess it was not that bad back then and the media just exaggerated the whole thing.

hmm the guy calling me names ...jizz is claiming that i dont have class. another oxymoron from you.

Say you go to a financial advisor and he says to you " i have no idea how to make money but I can tell you deals that you may lose money on"

Would you hire him? or trust him?

Alpine - you are correct some people made fortunes during the Depression. They were the ones who didnt think like the crowd and who saw opportunity where others capitulated.

During this downturn who do you want to be? A part of the herd who naysays and doesnt look for opportunity or a person who recognizes opportunity and makes money?

or maybe they were people with power, and since nobody here has power, we cannot make money in this market. Maybe I can make some money if Angelo Mozilo gives me a VIP mortgage.

cop out

You buy when there is blood in the streets. That guy didn't know what he was talking about either?????

only way to make money now is to short U.S economy (unfortunately) especially the Financials. Buy lehman puts. I see Dow trading close to 10000 before end of the year.

MMafia I won't take your last remark as a compliment. Just out of curiosity MMafia how do you invest in gold? Do you do it through ETF's, Pool accounts or do actually buy the physical stuff? I have a hunch it's through pool accounts.

I for one, am VERY interested in reading success stories and opportunities that exist in every market...

Still VERY interested in forming a group of positive minded Real Estate people to get some sort of investment group going on.

Mafia - You talk about "following the trends" and not "being the exception to the rule".... Can't that be off base - Times in life where I made money were often when I wasn't just one of the herd and I was the exception to the rule!!!!!

This place here shouldn't be a place where people follow trends - it should be a place where people are smarter - follow the market better and CAN be and find the exceptions.

I just don't get all the people who are so negative around here totally disregarding Specific people's goals, Investment level, and particular aspects of the Real Estate market...

People actually come here daily and get excited posting the most negative, depressing, horrible news and then actually debating it ALL DAY....

I don't get it...... I'm SHOCKED at the negativity.... To me it just has to be people looking and hoping to get a steal at some point and hoping for the absolute worst of all disasters to hit the NYC market.... Weird.

"This place here shouldn't be a place where people follow trends - it should be a place where people are smarter - follow the market better and CAN be and find the exceptions."

LOL see you at the casino. Hope you land that "00" at the roulette table.

Investing is not about trying to catch the bottom, or concentrating all efforts on "distressed" assets situations, or landing the "big one".

It's more about managing risk and volatility while generating a consistent level of asset appreciation.

It's the SAME mentality in the DotCom boards pre-2000 crash that we're seeing here.

STILL trying to find some analysis as to why DotCom stocks were good, STILL trying to justify the purchase of companies and assets in distress, STILL trying to convince people to "buy when there is blood" and only to go DEEPER and DEEPER into the black hole.

All bubbles start and end the same way. This one is no different. And people will never learn, which is why bubbles keep re-appearing over and over again.

heeeey, spunky, wassup??? btw- i just sent in my rent check this morning. =D

exposure to gold in through purchase of bullion. BullionVault. staying away from ETFs, especially GDX which is based on equities of miner. minimizing exposure to the US equities market.

It's not the same as the Dot coms AT ALL....

The comparison would be - We KNOW the Dot Coms are crashing.. .NOW what do we?????

We're NOT following the Dot com herd and throwing money and buying stocks... We're analyzing the market, being patient, looking for very specific deals and areas to make money..

That's a crazy comparison you made there Mafia!!! CRAZY!!!

My comparison would be that You are in the midst of the Dot com crash and now you're just taking your ball and going home - as if there isn't the rest of the stock market to analyze and make sound investments on....

Mafia - "Well, here's the Dot com crash, lets' abandon Equity investments - You're all idiots for even looking at equities!!!!".

That's the complete opposite of what I'm saying.... Again, people here like to try to paint a broad stroke called "NEW YORK CITY REAL ESTATE".... STAY AWAY!!!!!!

There are so many facets of NYC real estate just like "The stock Market".... I think it's foolish to write the entire thing off and I still can't grasp why people are being to foolish in doing so, wasting their time IMO.

I'm on the sideline - I'm closing in a few weeks on a property I MADE MONEY on in the last Year (I know you're SHOCKED!!!!).... I'm not buying a damn thing - But, I'm sure as hell going to do a ton of homework and be ready to make a deal when I see OPPORTUNITY...

Is that tomorrow? is that next week? is that next year? is that in 5 years??? I DON"T KNOW - But, I'm not going to spend my days trying to convince everyone that the sky is falling and that you're an idiot for thinking you can make money in a flat overall market depending on YOUR specifics.

And every one of us is at a different level - Pfritz has a lot more capital than I do... But, I'd love to hear where he think opportunities are and disucss THAT instead of reading people attack him with that ole "NYC RE MARKET SUCKS" brush.

If I thought that the NYC real estate market was as bad and a losing proposition as some of you do, I'd find an investment opportunity I believed in and I'd park myself on that Discussion board and try to make money in a positive way.... I guess I can go to the Citibank Stock board and post doom and gloom every day and call people morons who are long - But, isn't THAT ridiculous? Then again, If I find some Citibank Board rightnow I guarantee you there's a "Mafia" and a "Steve" that spend all day, every day spreading the word how stupid others are.

Funny Stuff.

All bubbles are the same reaper. Let's get that straight. From Tulips to DotBust. There's been a plethora of analysis regarding this fact.

The question is: is/was RE in a bubble? is Manhattan in a bubble?

If yes, then we all know how it will end.

If not, then your perception of reality is very different compared to mine.

Here's how to make money in a stagflationary environment:

http://www.cnbc.com/id/25406894

Stop getting stuck in just one asset class. Diversify. Lower your risk premium.

What I was saying was that the "Dot Com" bubble Was NOT the same as a "Stock Market" bubble.... it was one part, Yes a HUGE part - but, just one part of a market full of opportunities then and now.

People stil made money in "The Stock market" and people wil still make money in "NYC Real estate"....

You seem to want to not only avoind the whole sector but,. spend an aweful lot of time teling others who are looking for opportunities that they're idiots....

And why do you continue to take a market wether that be the stock market or Real estate - In which I believe and many believe contain many asset classes within each group and then telling other to diversify when you have no idea how much we are diversified....

Diversification is a topic for some other board.... Some of us are here to doa TON of research and be very patient in finding gems in this market IF THEY ARRISE...

You again paint a broad bush and want to pretend people are here "Throwing money around foolishly" and aren't smart enough to be diversified..... I already told you I'm just about out of the NYC market after MAKING MONEY THIS YEAR!!!!!

And do you really think the Dot com bubble burst is going to equal the NYC RE bubble?

MANY MANY "asset Classes" contained in NYC Real estate market - In the middle class I'm watching in the areas I'm watching I see a small decline to flat market for a few years with HOPEFULL small "crashes or bubble bursts" of OPPORTUNITY where people may need to get out fast or some other situation that presents OPPORTUNITY.....

But, thanks for some more Generalized Articles and Wide sweeping generalizations about Bubbles (AGAIN)

"But, thanks for some more Generalized Articles and Wide sweeping generalizations about Bubbles (AGAIN)"

You're very much welcome.

"You again paint a broad bush and want to pretend people are here "Throwing money around foolishly" and aren't smart enough to be diversified..... I already told you I'm just about out of the NYC market after MAKING MONEY THIS YEAR!!!!!"

Just like the DotCom bubble heads buying akamai stock near the end... all the same.

Guy, It's NOT the same.. The Same would be if I JUST BOUGHT the coop TODAY...

I'm telling you I sold.... I cannot Lose at this point..

It's as if I bought akamai or whatever 2 years before the burst - Sold it the day before the burst and your here yelling at me to be careful while I'm a step ahead of ya.....

NOW< I'm still looking at the STOCK MARKET but, a different sector than the Dot Coms - You see, As I'm trying to explain to you - It's not ALL about "THE STOCK MARKET" and "NYC RE" in general terms - There are many sectors....

You are making the totally wrong assumptions here.

Everyone agrees about a Slow down, a flat market and even a downturn... Few people are debating this - Some of us are just looking for opportunities and not running away from your Wild Generalizations about 1 sector...

I think YOU should diverify and open up your thinking a bit - maybe do more homework on specific investent wether that's in RE or Stock Market and throw away your "Sheep Following" and Broad statements about each group....

You're here accusing people of what YOU are actually doing presenting us with information that no one debates..

mmafia, if you were to buy in Manhattan, when do you expect the best time to be?
If we have seen a market top with rising inventory and much lower sales activity then we should be starting a decline now. How long do you think this decline will last and how big do you need the drop to be to buy?

Stevehjx says he wants and expects 2003 prices (although when I gave him an example of tribeca selling prices and rents in 2004 he said that 2004 was when they were equilibrium based on those numbers) so do you have a level or year or timeframe in mind?

Of course many of these ways to make money are out of reach for the average guy, but the average guy would be seriously hurting himself if he didn't pursue a strategy of home ownership. That isn't an "investment" decision solely, but there are strong economics, as well as other tangible and intangible factors, that make ownership the appropriate route.