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"I'm sick of stocks, it's time for real estate investing"

Started by steveF
about 17 years ago
Posts: 2319
Member since: Mar 2008
Discussion about
I can't take it anymore!! I need an investment where I can't watch it every second!! I need something with less volatility and will build wealth and no more panic and fear!!!!!!!!!!!!!!!!!!!......where is the best place to invest??" "hmmm, ya, manhattan."...you know they're thinking it........I luv messing with you doom and gloom, hope for the worst, bears.
Response by aboutready
almost 15 years ago
Posts: 16354
Member since: Oct 2007

try a new drug cocktail. you need it.

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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010

Are you licensed to suggest drugs?

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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010

>Has a degree from Yale, and does nothing with it.

Yale. No way.

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Response by MidtownerEast
almost 15 years ago
Posts: 733
Member since: Oct 2010

Hunter S -- Congrats. Your one ally on this board is Truth, whose posts speak volumes about her grasp on reality. You should be proud, pal.

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Response by LucilleIsSorry
almost 15 years ago
Posts: 452
Member since: Jan 2011

"Hunter S -- Congrats. Your one ally on this board is Truth, whose posts speak volumes about her grasp on reality. You should be proud, pal."

i like hunter, too. he has issues that he should probably address at some point, but you can't deny the tremendous progress he's made since his days of constant posting and creepy as shit threats to posters and their wives. hunter is in a better place now. maybe there is a special friend? or a magic pill? whatever it is, it's working. good for hunter.

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Response by MidtownerEast
almost 15 years ago
Posts: 733
Member since: Oct 2010

I hope that is a joke. Hunter S rabidly posts the same thing over and over, with no proof, in response to anything AR posts. That's a troll engaging in the same old harassment, which is why he is in grey and should be banned.

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Response by buyerbuyer
almost 15 years ago
Posts: 707
Member since: Jan 2010

well well well..I can't remember a recent time when CNBC ran a Sunday night live market oriented program, but they got on going on now.....

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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010

>Hunter S -- Congrats. Your one ally on this board is Truth, whose posts speak volumes about her grasp on reality. You should be proud, pal.

I'm not sure Truth is my one ally. But Truth's alliance, if Truth is for truth, is welcomed

>but you can't deny the tremendous progress he's made since his days of constant posting and creepy as shit threats to posters and their wives.

What?

>Hunter S rabidly posts the same thing over and over, with no proof, in response to anything AR posts. That's a troll engaging in the same old harassment, which is why he is in grey and should be banned.

As opposed to funnies such as calling me "Hunter S"? Or not admitting your various names here? Or your odd defense of aboutready as if she can't handle herself? Or insulting me "Oh Snap" or "Effed Up"

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Response by LucilleIsSorry
almost 15 years ago
Posts: 452
Member since: Jan 2011

>but you can't deny the tremendous progress he's made since his days of constant posting and creepy as shit threats to posters and their wives.

What?

assuming you are THE trolling ghost of bslotkin, of course. which you may or may not be. who knows? it's all a mystery.

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Response by MidtownerEast
almost 15 years ago
Posts: 733
Member since: Oct 2010

Hunter S -- Sorry, I didn't know you were such a delicate flower. (Reminds me of others who constantly upbraid posters for their language; coincidence?) I'll try not to use euphemisms for curse words. In exchange, will you agree not to be a troll? Oh, and good luck with that Truth thing. It seems like a match made in heaven.

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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010

Well I just googled +bslotkin site:streeteasy.com, and I see that s/he is no longer, so I have no judment there.

?Hunter S -- Sorry, I didn't know you were such a delicate flower.

Where was I a delicate flower? Is that also how you insisted that I stated I was a lawyer, even though I stated no such thing?

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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010

>Oh, and good luck with that Truth thing. It seems like a match made in heaven.

So you just joined on November 1, and used the search function, and you have all this feeling about Truth?

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Response by MidtownerEast
almost 15 years ago
Posts: 733
Member since: Oct 2010

Mr. Burg -- Anyone who gets insulted when someone says they "effed up" is certainly a delicate flower. And are you a lawyer or not? You said you worked in a "firm" with "junior associates." Doesn't sound like a firehouse to me. But if you are not a lawyer, fine, just say so. You are still a troll, however.

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Response by somewhereelse
almost 15 years ago
Posts: 7435
Member since: Oct 2009

What the hell happened to this thread?

And, did SteveF give up on streeteasy?

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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010

>Mr. Burg -- Anyone who gets insulted when someone says they "effed up" is certainly a delicate flower.

Insulted? I'm not insulted. I just wonder why you can't say that I fucked up?

Like when you wrote "oh snap" to me. What does that mean? What man speaks like that?

>And are you a lawyer or not? You said you worked in a "firm" with "junior associates." Doesn't sound like a firehouse to me. But if you are not a lawyer, fine, just say so.

I don't believe I made a definitive statement about being a lawyer, or about not being a lawyer. Does that frustrate you?

>You are still a troll, however.

When was your first virgin post?: http://streeteasy.com/nyc/talk/discussion/24903-virgin-post-calling-all-financial-geniusestrolls

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Response by Truth
almost 15 years ago
Posts: 5641
Member since: Dec 2009

somewherelse: It's plain to see what happened to this thread.
The gang came on here.

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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010

Somehow I suspect I'm not part of the gang.

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Response by Truth
almost 15 years ago
Posts: 5641
Member since: Dec 2009

huntersburg: You know that you are not a member of that gang.

You post independently. You are not a slave to a master.

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Response by MidtownerEast
almost 15 years ago
Posts: 733
Member since: Oct 2010

Hunter S -- I am not frustrated by your intimations that you are a lawyer, which are followed up by lame denials. I am highly amused that you can't even keep track of your lies. I am also amused that you now think I am streeteasypost (in addition to being Wbottom). Not true. Plus, I just don't have that much time!

You are wildly inconsistent. Sometimes you try to add rational comments and (gasp) say something funny, while other times you engage in random attacks and accusations like a true troll. Make up your mind, dude.

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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010

> and (gasp) say something funny,...

(burp)

> Make up your mind, dude.

dude! Did your hands shiver when you wrote that? Did you get the chills?

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Response by somewhereelse
almost 15 years ago
Posts: 7435
Member since: Oct 2009

Was just thinking about the math on the OP here.... let's see how poor Stevie did. This is how the investment strategy of pulling out of stocks and moving into Manhattan RE 2 years ago fared. (I just used Google finance and the Miller Samuel medians from Q1 09)

Drumroll...

Manhattan RE - Down 13.3%
Stocks - Dow Up 71%, S&P up 77%

Nice call Steve. I really, really hope noone listened.

(and don't forget leverage on the 13% down... it is 67% down with 5x leverage)

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Response by bjw2103
almost 15 years ago
Posts: 6236
Member since: Jul 2007

swe, nice bit of cherry picking. Both stocks AND real estate have taken major hits off peak. Let's not pretend it's one and not the other.

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Response by columbiacounty
almost 15 years ago
Posts: 12708
Member since: Jan 2009

careful bj...you don't want to offend anyone...

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Response by bjw2103
almost 15 years ago
Posts: 6236
Member since: Jul 2007

Uh, thanks for the tip, cc.

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Response by somewhereelse
almost 15 years ago
Posts: 7435
Member since: Oct 2009

> Stocks - Dow Up 71%, S&P up 77%

Add another point to those...

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Response by somewhereelse
almost 15 years ago
Posts: 7435
Member since: Oct 2009

another 3 points...

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Response by PMG
almost 15 years ago
Posts: 1322
Member since: Jan 2008

real estate, then bonds, now stocks are the preferred asset class. Lord help us if when this bubble bursts.

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Response by somewhereelse
almost 15 years ago
Posts: 7435
Member since: Oct 2009

I've been taking some profits.

Of course, if it does burst, that will have been 3 busts SteveF got wrong...

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Response by mutombonyc
almost 15 years ago
Posts: 2468
Member since: Dec 2008

LMAO

"that will have been 3 busts SteveF got wrong..."

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Response by somewhereelse
almost 15 years ago
Posts: 7435
Member since: Oct 2009

Can't say it wouldn't be completely hillarious... if it also wasn't so sad.

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Response by somewhereelse
over 14 years ago
Posts: 7435
Member since: Oct 2009

SteveF, thanks for yet another day of laughter... S&P up I think 80% at this point, and Manhattan RE prices fell another 5% this quarter (which, depending on measure, should push things more than 20% below peak).

Ouch, Steve, ouch...

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Response by bjw2103
over 14 years ago
Posts: 6236
Member since: Jul 2007

swe, can we go back to this hilarity though:

swe: "Yeah, its pretty funny, SteveF and bjw had a thread calling for me to be banned, and then go off an exhibit the exact behavior they complain about."

me (in that exact thread): "add me to the list of people who think he should definitely not be banned"

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Response by pulaski
over 14 years ago
Posts: 824
Member since: Mar 2009

"HOUSING: This Isn't A Double Dip, It's A CATFISH!"

"We're "heading into the single best time to make money in real estate and mortgages," according to Altos Research.

The firm, which specializes in the U.S. real estate market, has released a presentation explaining this conclusion titled "Housing Double-Dip or a Catfish?" Their conclusion is that the real estate market will now be extremely volatile, and provide opportunities for significant profits."

http://www.businessinsider.com/altos-research-catfish-recovery-2011-6

Catfish, people. Cat.Fish.

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Response by ericho75
over 12 years ago
Posts: 1743
Member since: Feb 2009

"And, did SteveF give up on streeteasy?"

He's retired.
He picked up a 'number' of units in Manhattan during the financial crisis and now rolling in the dough from these rentals.

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Response by somewhereelse
over 12 years ago
Posts: 7435
Member since: Oct 2009

actually, he sold his units. that's the whole point of the thread. He also bough them well before the crisis. He took a bath. Got into stocks and maybe made some, but missed most of the runup.

SSOs, on the ther hand...

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

SSOs were over $100 in summer 2007 and are now around $75 after going below $15 in March 2009.

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

somewhereelse
about 2 years ago
Posts: 7298
Member since: Oct 2009
ignore this person
report abuse
>I've been taking some profits.

What happened since then?

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Response by columbiacounty
over 12 years ago
Posts: 12708
Member since: Jan 2009

SE why?

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Response by somewhereelse
over 12 years ago
Posts: 7435
Member since: Oct 2009

"SSOs were over $100 in summer 2007 and are now around $75 after going below $15 in March 2009."

there was no reason to double down before the crash...

"What happened since then?"

even more profit...

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Response by greensdale
over 12 years ago
Posts: 3804
Member since: Sep 2012

>"What happened since then?"
>even more profit...

But you were a seller 2 years ago.

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