How much lower can NYC sink?

Just a little FYI: The article said that D.C. is better than NYC, not Chicago.

NYC real estate will sink by at least 99.999999999%, rufus. You will see $1 condos popping up everywhere in Manhattan. There. Now go and touch yourself.

The article wasn't just about DC. They interviewed actual NYC residents who confessed that the city is not what it used to be. Businesses are shutting down, social scene is not as active, and there is a lot less wealth.

Yes, it is just terrible here. Now, go and touch yourself, rufus.

And Chicago is a hive of happy little bees. Go be a drone there.

What do you guys think of the article? Do you feel the same dread and pessimism as those who were interviewed?

Of course I feel some dread, you absolute moron. We're in the mother of all recessions. Idiot. I would feel more dread in Chicago, because there I'd have the recession and some glass box condos and some really boring people and not much more.

How do you explain the fact that other cities have GAINED jobs, and the mood there is much more festive.

> How do you explain the fact that other cities have GAINED jobs

Other cities have lost jobs. Chicago didn't have many to begin with, and even it lost jobs.

Btw, what city is "festive"?

Go back and read the article. Portland, Seattle, Houston, all GAINED jobs.

I know reading comprehension is not your strong suit, but with hard work, you can improve.

Good to see that rufus is no less an idiot....

"With a population of about 2.8 million, Chicago is expected to lose approximately 200,000 jobs through 2009, according to Crain's Chicago Business. Factors include a high tax burden, corrupt state government and outsourcing to more affordable Midwestern locations where the cost of doing business is substantially cheaper.

Per capita, that is by far the highest job losses in the United States."

i want to go away from new york...i asked a handyman to take down the crummy metal blinds that came with the apartment and put up cheapy shades I bought. He wants $500!!!

Julia, Julia, Julia, I told you, remember I offered you a beach house in the Carolinas for 2k a month

the carolinas is looking good...

"I asked a handyman to take down the crummy metal blinds that came with the apartment and put up cheapy shades I bought. He wants $500!!!"

Well, of course. Don't you know... he's going to invest it.. handymen are going to save Manhattan Real Estate!

nyc10022 thanks for making me laugh...i just stopped crying.

Touching one's self leads to blindness, which leads to an inability to judge the aesthetics of exclusive high-rise new-construction condos.

Did people who cite that article even read the whole thing? By the end, the point was that there have been people for decades who have at various times said that NYC is done and in decline, and they have always been wrong.

I remember reading all the books called "death of wall street" and such in the late 80s. And the local papers and stations pretty much said the same thing. Who needs cities, we can all telecommute and move to suburbs and cheap crappy cities, bla bla.

Then people figured out that the suburbs and chicago sucked, and they moved back to Manhattan. More so than ever.

The economy is screwed. Wall Street is screwed. A lot of things are screwed. But, in the end you have to live your life. And, relatively speaking, life sucks everywhere else. Rents will be cheaper, for sure, but NYC will still be a better place to live than anywhere else. In fact, maybe more so now that we'll pay more attention to the artists and the other good stuff.

Rufus, apparently the Hancock tower is 15% vacant;

http://online.wsj.com/article/SB123250102274700745.html

Maybe you can find space for your professional blog commenting operations there.

That article is about the hancock tower in boston, not the mixed condo/commercial hancock tower in Chicago.

LOL!

My husband tried to check into the Trump hotel in Chicago a month or so after it opened. He arrived at 1:00 a.m., and was not able to get into a room until 2:30. The computer system wasn't working, the person at the desk couldn't seem to rouse anyone to help, and there was no ability to manually override the system and issue a key to a room. World class all the way, I can just see that happening at the St. Regis.

I've read that Trump may have actually put some of his own money into the Trump Chicago project. Is that why he's rumored to be filing for bankruptcy protection (for the third gd time, someone cut off that man's credit, please)?

alanhart may have just logged the post of the century.

"Touching one's self leads to blindness, which leads to an inability to judge the aesthetics of exclusive high-rise new-construction condos."

ROTFL

wait a minute... nope not blind yet :)