Bottom at 2004 prices or bottom at 2001 (pre-9-11) prices?

ooops... should read bf posting. used "As much" twice, my grammar school teacher would not forgive me :)

Agree. I bought in '00 and there was absolutely no reason for the run-up that started spring '02 (market was flat between beg. of '00 and spring '02 on UWS).

Would love it if Streeteasy was available for franchising. I'd start one in Waikiki... there is another market where some savvy NYers could finally talk some sense into the sellers. All the new development purchasers are asking for 2006 prices? What gives?

> where some savvy NYers could finally talk some sense into the sellers.

I don't know if its the NYers who were savvy in this case.

Manhattan was in denial MUCH longer than the rest of the country. Their declines started two years ago. We had folks expecting up just months ago...

Prices are sticky downward...the government will figure out a way to make sure that our precious real estate prices don't tank, but, our standard of living and sense of financial security will!

"the government will figure out a way to make sure that our precious real estate prices don't tank"

you mean like they have already?

my strike at 500-600 sq ft avg for NYC RE

> you mean like they have already?

I know.... wow, some people are really in denial.

500-600sqft strike would be very nice.

Gov't should stay out of the way. It'll just delay the inevitable as it were.

I will keep tabs on sq ft prices for 3 bdroom on uws just to amuse mydelf.