The Manhattan RE Market is DEAD!!! The Funderal Will be Held Tomorrow

wow, one stripper, ex financial analyst at Morgan makes $160,000 a year. So if your a guy and you get laid off, your out of luck! No stripping for you. You hear that agent Ivan?

Wow, alpine went from "there is no decline" to "market is dead" in just a few weeks. Wow, things are changing!

for the past year, I've been telling myself that when realtors start stripping, it's all over. Well, it's all over.

not to burst a fun bubble but huffpo calls the post story out as bullshit

http://www.huffingtonpost.com/jamie-malanowski/a-naked-lie-from-the-new_b_180458.html

A Naked Lie from the New York Post

This morning The New York Post appears with an unbelievable cover story-literally unbelievable. Headlined (at least online) as "AXED GALS TAKE POLE POSITIONS: Pros Stripping Amid Wall St. $lump", the article by Anka Radakovich (one time sex columnist for Details magazine) reports "Scores of professional New York women stripped of their six-figure jobs are now working as "gentlemen's club entertainers" at upscale Manhattan jiggle joints. Former Wall Streeters, fashion executives and real-estate agents are pole dancing and stripping for as much as $1,500 a night -- but also because they like the flexible hours."

Scores? Scores?!? You mean, like, forty? Forty women who had six-figure incomes earned on Wall Street, the fashion industry and real estate have become strippers in Manhattan? It is, of course, mathematically possible, but I just don't believe it. By google search, there appears to be no more than a dozen strip clubs in Manhattan. I have no idea how many strippers each club might employ-perhaps some reader could educate me. But 50 would seem like a big number. That would mean there's about 600 strippers in Manhattan. Did one in 15 of them formerly earn $100,000 in business? Really?

For what it's worth, the article names two, Randi Newton, once of Morgan Stanley, and Katie Haverton who had been a real estate broker, plus a girl named Becky (no last name given) who had been a pastry chef. One of those nubile, twenty-something, six figure-earning pastry chefs that were all over town before the crash, no doubt. I'd very much like to see the Post produce the other 38.

I did like that line about the women liking `the flexible hours'-nice touch! No doubt after having been slaves to their Bloomberg terminals for so long, the women appreciate being able to take an afternoon off before a night of pole-dancing.

UPDATE: Since I first posted, two more reasons to be skeptical have emerged. Randi Newton, purportedly the former high-earning Morgan Stanley financial analyst, is an actress. At her website, randinewton.com, she says that she has had bit parts on The Sopranos in 2001 and in Mona Lisa Smile in 2003, among other roles. There is no mention on her site of her career as an analyst there, but in her bio on imdb.com reports that ``Soon after moving to New York City, she worked as a nanny, then as an analyst on Wall Street. Thereafter working in PR and marketing.'' So contrary to the Post's report, she left her high-paying job on Wall Street for PR, marketing, and the remunerative world of acting--and then, supposedly, stripping.

In addition, among the many people commenting on the article on the Post's website is a comment about the stripping ex-real estate broker from post_girl, who writes: I strongly believe there is no Katie Haverton, a former broker at a large real estate company. Her name would've showed up in google search. I quit real estate a year ago, and my name is still showing up in searches.'' Indeed, neither the name Katie Haverton, nor any variation, appears on google.

FURTHER UPDATE: As it turns out, Ms. Newton has another website, wallstreetstripper.com, where she tells her story:

Randi Newton attended the University of Nebraska at Omaha on a scholarship she received from the Miss America Organization. Newton moved to New York City to pursue an acting career. She had a wide variety of jobs, first working as a live in Au Pair, then moving up to Morgan Stanley Dean Witter as an analyst for a year. Not satisfied with her situation, she left and was hired as a manager for one of Manhattan's most prominent marketing companies. After being laid off and unable to find another job despite a yearlong search, Randi wandered into a strip club with a friend, and walked out with a waitress job. One year later, after being dumped by her boyfriend, she got drunk and took off her clothes on Valentines day, there the excitement began.

Newton has since been offered several management positions with major companies, and was approached again by Morgan Stanley Dean Witter. However, using the business skills she developed working in a corporate environment, and applying them to her "night job" her income exceeded $100,000.00 a year. Recently Randi was featured in Radar Magazine in an article about "smart" strippers. She was also approached by the Oprah Winfrey show about the inside life of a stripper. She currently lives in New York City, studying at The New School and Upright Citizens Brigade. She is also a columnist for Exotic Dancer Magazine. Randi loves dealing poker, singing karaoke and has "retired" her g-string. Her book, "Wall Street Stripper" is hitting bookstores December 09.

So the Post has the timeline all wrong, completely undermining its own breathless thesis. And Newton has a book coming out!

"Wow, alpine went from "there is no decline" to "market is dead" in just a few weeks. Wow, things are changing!"

What really happened was that after his OWN carreer as a broker fell apart over the past few weeks (see numerous previous threads), he decided he had enough of NYC and was going to move to DC. He likely quit his job as an associate broker within the past two weeks (so he is now unemployed), and now waits for his move to DC. As such, he no longer needs to tow the broker "prices are going UP" line as he fell so flat on his face trying to be a broker that it probabaly hurts him to even hear that word now.

I am not sold on the $160,000.00 a year right now. I have a stripper friend who lives in my building and looks very good. She tells me stripping right now sucks as no one is spending money like they use too. No surprise! For example, Penthouse last thursday there were 200 strippers for 75 guys. That is not a great ratio when you are stripping for money. Also, she is only making money on two days a week now.

Alpine.... :)
$160K... my goodness my wife is in the wrong line of business.... she still gotz it after 2 children.....

OH, everyone...the equity market is headed for a new downturn and the first "real" auction for commercial property is being held in Boston... 1/2 off... FYI the commercial mkt started out later but will be harbinger of NYC RE.. :)

Should've put some sunblock down there :o

LOL @ alpine.

w67th -- which Boston auction are you talking about? What building?

Graffiti - John Hancock... :)

ah, I figured. You're right, value is going at half off.

And that's a good property -- well occupied, good amenities.

jasonkyle, I agree, this story's gotta be 95% BS. The closest these gals got to working on Wall St was probably temping at the likes of Morgan Stanley and told people they worked as 'analysts', a fairly generic title in the finance world.

In reality, a janitor on Wall St. can be an "analyst." They analyze the dirt on the floor, and then decide on the best way to clean it up!

Even Playboy announced layoffs. This story is nonsense.

it's fairly obvious that no wall street money would lead to a real lack of douche-y customers for strip clubs. we all um... suffer in the downturn.

Hair transplant technicians, hookers, and nannies ...

The real victims in the Wall Street collapse...

Should I wear a soot to the funderal?

you forgot to add the botox and plastic surgery doctors to your victim list.

No, because they will be there to save Manhattan RE, remember? Them and Irish carpenters.

funderal is a perfectly acceptable combination of folderol and funeral. no?

oh yeah, now I remember. I believe I said celebrity doctors will save the market. Now is a great time to become a celebrity doctor. Get your own show and devote it to talking about the crazy lady in CA with 14 kids.

has anyone ever seen or met an Irish carpenter in NYC?

jasonkyle - haha...yes! I make a million typos, myself, so it was purely meant for humor's sake. Personally, I would rather be kreemated anyway.

Alpine:
http://www.elearnenglishlanguage.com/difficulties/youryoure.html

YO everyone... that pineapple thing created quite a fervor, hey Waverly? :)

I'm wearing my thong stuffed with $100 bills that I've saved by renting :)

> has anyone ever seen or met an Irish carpenter in NYC?

three

Seriously. They were renovating my sister's apartment.

nyc10022 now that's funny...

w67th - hey, hope the vacation was a good one!

Yeah, I sort of missed the middle part of that and then came back to the thread. Did I miss anything good? It looked like something had been deleted.

Excellent vaca. All i got was a unflattering name for the female genitals being used that was deleted... but yep... I missed all the good stuff...

Oh well? Next time :)

Haha...no worries! Glad the vacation was good. Now go out and buy and apartment and a car to help the economy.

Just bought a 997 Turbo 2007... an apartment... contrary to my wife's constant nagging.... NO. I don't gotz J Simpson money (she needs to lose weight... gonna make money with your looks, well better keep it up :))....

FWIW, this economy is like a broken patella... sometimes just leaving it alone is the best course of action, ask you orth-pods....

Okay, if you're not going to buy an apartment then you can at least hire some Irish carpenters to renovate your current place. Then the Irish carpenters will have enough money to buy an apartment.

Too busy hiring tranny/nanny/i-banker/re-broker.... why renovate when perfectly renovated apts will be undercutting the non-renovated apts for sale ala 10w 66th street... FYI, the D lines will not fetch anywhere close to $1.4MM... it's funny but renovations will no longer pay for itself.... it will only give you an advantage over a non-renovated unit... it's like personalizing a car with $50K of goodies... no one give you a nickel for it when you trade it in.... that's a depreciating/deflationary mkt for you...

The thought that brokers have turned to stripping is very sad to me. I used to respect strippers.