New York is Dead

Discussion in 'Wall St. News' started by sammybea, Nov 11, 2008.

  1. I'll venture a guess - like the little bitch said in "Annie" - tomorrow, tomorrow - its just a day away :D
  2. 2 to 5 years ... too much excess.

    The people who paid those insane prices for the studios and 1 bedrooms have to be flushed out.

    Either from losing their jobs or from "daddy" not being willing to foot the bill anymore.
  3. 377OHMS


  4. Every market segment will correct, this city was built on leverage. It'll be a great oppurtunity to pick up some good real estate in Manhattan.
  5. SteveD


    I am in real estate in the mid 70's I had a client that officed at 30 Broad (backdoor to NYSE)....

    We paid more office rent than they did....LOL....

    How time changes everything.....

  6. NYC was a total dump in the 70s. I expect to the next decade to be a total disaster there.
  7. Fah Q

    Fah Q

    I think we'll see a huge surge in crime too, just recently crime in Manhattan was at an all time low....probably because everyone and their mother had plenty of credit to spend on whatever they wanted.

    When the credit dries up, the guns and knives come out. Glad I'm not living there!

  8. Cutten


    NYC is up shit creek without a paddle, or even gloves.
  9. LEAPup


    LOL!!!!!!!!! No gloves!!!!!:D
    #10     Nov 12, 2008