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In Contract?

Started by urbangreen
almost 17 years ago
Posts: 26
Member since: Dec 2008
Discussion about
I looked at the listings for Superior Ink. A number of apartments that have been listed as "in contract" all had their prices increased on the same date (10/24/08). I thought a contract locked in a price. And, given this market, I'd expect if anything that the price would be renegotiated down. Can one of you professionals 'splain this to me, please.
Response by stevejhx
almost 17 years ago
Posts: 12656
Member since: Feb 2008

Forgive me, mh23, since you're now on my side, but you were the #1 exponent of maintaining prices at Superior ink:

mh23: dmag2020, you could not be more wrong. A 50% drop in Manhattan real estate has never happened; not in the 70's, 80's or 90's. Are you telling me that prices at 15 cpw or West Village townhouses, or thew Superior Ink building, which is going for 3,000 a foot is going down 50%?

Which of course was in:

where are all the idiots who made the 2007 doomsday predictions?!?

http://www.streeteasy.com/nyc/talk/discussion/2651-where-are-all-the-idiots-who-made-the-2007-doomsday-predictions?page=1

And weaselboy started out with:

malraux: Remember? Dow below 11,000 by the end of 2007!! Housing market down 20%! - no - 30%! - no - 40%! - no - MORE! - by the end of 2007!!! The subprime/Alt-A debacle would tank the Manhattan real estate market FOR SURE in 2007!! A bad bonus season would tank the Manhattan real estate market FOR SURE in 2007!! High inventory would tank the Manhattan real estate market FOR SURE in 2007!! Manhattan real estate sellinmg for fifty cents on the dollar by 1 January 2008! It was ALL GONNA CRASH by the end of 2007!!!

Wouldn't Dow 11,000 be nice?

And wherein my spunky said:

spunky: BTW where is Zizi with my Mer and C quotes? Where has that little rascal been for the past several days anyway?

I think he doesn't want the answer to that.

But Urbandigs, bless his soul, sagely said:

"I talk to 15+ ex traders, hedge fund managers, and others employed at firms like Merril, Goldman, CS First Boston, Credit Sights, Lehman, etc..and all of these guys are very concerned. Some are concerned for their jobs, others are concerned about the drag on the economy and ultimately re here."

What companies are those?

And Juiceman said: "How about posting some threads about increased U.S. retail and service activity by our Canadian neighbors? What about the increase in U.S. manufacturing based on strong demand for cheap exports? Doubling of foreign tourists in NYC? Foreign real estate investment in NYC? How about European car manufacturers plans to add plants in the U.S.?"

Now, I was criticized because I said there wasn't a recession in May - and, based on the traditional definition of a "recession" - 2 consecutive quarters of negative growth, which is what I was referring to - I was right. I was criticized because I didn't predict the post-Lehman bloodbath.

Guilty! I never thought anybody could be so stupid as to allow a bank to go bust, and once the market started to collapse, I got caught in mutual funds. I learned, I admit.

Where are the rest?

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Response by nyc10022
almost 17 years ago
Posts: 9868
Member since: Aug 2008

I'm confused here.

Why is steve yelling at urbangreen calling him mh23?

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Response by stevejhx
almost 17 years ago
Posts: 12656
Member since: Feb 2008

Because I'm quoting mh23's comment on Superior Ink. Not quite the original post, but interesting nonetheless.

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Response by nyc10022
almost 17 years ago
Posts: 9868
Member since: Aug 2008

yeah, i think thats quite petty.... its one thing if mh23 were bringing it up, but using someone else's post as a springboard to try and chop someone down...

thats a new low for you, steve...

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Response by urbangreen
almost 17 years ago
Posts: 26
Member since: Dec 2008

Could someone just answer my question. (You guys are so wrapped up in your trivia it's unreal)

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Response by nyc10022
almost 17 years ago
Posts: 9868
Member since: Aug 2008

pretty simple... they're lying.

We've seen tons of examples of broker dishonesty in listings as of late....

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Response by urbangreen
almost 17 years ago
Posts: 26
Member since: Dec 2008

I guess I'm not cynical enough. Thanks 10022.

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Response by nyc10022
almost 17 years ago
Posts: 9868
Member since: Aug 2008

Just spend another day or two on this board.... you'll get much more cynical about brokers...

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