They just can't keep a good city down

sorry

http://www.nypost.com/seven/09302008/business/amid_crisis__deals_keep_coming_131402.htm

right on houser and more on the residential front from: Doug Heddings credible and respected blogger:

http://www.truegotham.com/

oh you mean the following

"The Bailout plan has been rejected (via WSJ) and it's no surprise that the stock market has plummeted on the news. So why am I still so busy? I can't answer that except by updating my current transaction activity (by current, I mean last 48 hours):

* Accepted offer for 148 West 23rd Street, 11H
* Multiple offers being negotiated for 88 Jane Street, 3W after 3 days on market
* 35 people showed for open house yesterday at 215 West 75th Street, 9C after 10% price drop and offers expected today. Price indeed overcomes all objections!
* Phones ringing with appointment requests for other exclusive properties that I'm representing.
* Appointments being scheduled for buyer property tours later in the week.

This is truly the most bizarre environment that I have experienced in my 16 years in the Manhattan real estate industry. I know for certain that I will likely be attacked for reporting how busy I am but it is what it is.

I leave you with the most frequent comment from open house visitors who attended my 5 open houses yesterday:

* "We don't care what is going on, we need a place to live."

So with that, I'm going to make hay...and stash it in my mattress!"

This is a very good post about residential real estate. Especially this bit:

"Duane Reade renewed its store lease for 5,500 square feet at 625 Madison Ave."

LMAO.

Yes I can understand the LMAO on that one that's certainly is hilarious. I'm every is LMAO on that too. In fact let me change my underwear because I'm LMAO

meant to say I'm sure everyone is LMAO on that too.

let me see, brokers were lying to us for the last few years, were lying extra hard over the last few months, and then all the evidence shows decline, and then houser refutes it with... a broker?

Nice!

Good think houser doesn't let facts or logic stand in his way...

"Good think houser doesn't let facts or logic stand in his way.."--eddiewilson

Eddie good think you use another screen name. That sure is very logical and credible as well

houser, the article is about commercial real estate, which is for lease. Proves nothing about residential real estate, which is for sale.

So, let me get this straight, buildings have to lower rents to sign deals, and that is the sign of a hot market?

Good think houser doesn't let facts or logic stand in his way...

so let me get this straight nyc1002 is eddiewilson and the reason for the name change is that eddiewilson had the ignore this person button on pressed to many times. Now that's funny

I leave you with the most frequent comment from open house visitors who attended my 5 open houses yesterday:

* "We don't care what is going on, we need a place to live."

I am sorry, but that's a huge stinky pile of horse&%*t. No one "needs" a $1000+ psf Manhattan apartment. This may be true for the absurdly and/or independently wealthy, but even in NYC, I think those are the exception, not the rule.

Oh, and as to the title of this thread: I love NYC and like that nothing can keep it down. But expecting and hoping for a decline in absurd real estate prices is very different from "keeping a good city down".

These posts are sounding more and more desperate. We are running out of things to grasp on.

How about grasping on some Gold instead? It's a gift right now in the $800s.