Waiting for Taco Bell Night Manager bonuses to kick in.

So, if I'm reading the board's sentiment correctly, the "acceptable" time to begin buying Manhattan real estate on a perceived bottom tick is - at the earliest - February 2010, the logic being, clueless developers and the city as a whole will by then have come to terms with all of the economy's collateral damage. Collateral damage prompting price depreciation includes, but is not limited to: 1)... [more]

So, if I'm reading the board's sentiment correctly, the "acceptable" time to begin buying Manhattan real estate on a perceived bottom tick is - at the earliest - February 2010, the logic being, clueless developers and the city as a whole will by then have come to terms with all of the economy's collateral damage. Collateral damage prompting price depreciation includes, but is not limited to: 1) Faltering tax revenue 2) Deteriorating services 3) Escalating crime 4) Roubini's 2 year (minimum) recession prediction 5) Hedge fund implosions 6) Restructured compensation schedules at the "new" Goldman (no more admins pulling $300k ) and MS (if MS is still around). Is this more or less correct . . . I need to wait one full business cycle for the reality of shit comp to really damage developer's psyche? [less]