White House putting the arm on banks to lend-let's discuss

and the market likes it too. I'll bet this rally was because of the above bank lending news....

woppiee!! real estate will continue to go up twice as fast as inflation indefinitely !!!

If this is the bottom, awesome.
That means that NYC RE will bottom out in only 2 years!

(thats how long the last one took after the market recovered)

Don't think it is the bottom yet.

possible.... but still means we've got at least 2 years of RE issues...

after all this discussion, i am still not clear on why a massive correction is bad for the city. i am heavily invested in real estate, from an investment perspective, and still do not care if rents drop or if prices crash. i agree there will be people who will find themselves screwed due to a job relocation that forces a sale or a job loss and they had no savings. but for the most part, who is going to get whacked? either you rent and will continue renting and possibly rent a better place for less money - a good scenario - or you're a renter who will buy at a lower price - again, a good deal, or you're an owner who will sit tight. not a bad deal. just because you can't flip real estate for absurd sums does not mean we're all screwed and it's rape and pillage time. what am i missing?