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07.27.08, 09:20 AM New York City
22 replies
Let's talk real estate. Any brokers on who are willing to be genuine about the housing slump and discuss if new developments will drop in price [ Reply | Watch | Flag ]
New York City 07.27.08, 09:20 AM Flag
 

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What is your specific question? I dont hear a lot of Brokers saying the market is good do you? [ Reply | More
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General Topics 07.27.08, 09:34 AM Flag
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I speak to brokers all the time who try to convince me that the market isn't changed in NYC despite the country wide slump. They think if they all say it loud enough they can spark fear in us and trigger a buying frenzy IMO [ Reply | More
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General Topics 07.27.08, 09:44 AM Flag
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I don't think the market is changing much in NYC - certainly not like it is in some other parts of the world. Poster below is correct though that mortgage rates will be going up so any drop in prices will be offset by interest (which at least is tax deductible). Bottom line is that if you are Selling you are most likely Buying too so its 6 of one and half a dozen of the other. Don't try to time the market because you cannot succeed. [ Reply | More
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General Topics 07.27.08, 10:58 AM Flag
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Pretty dark opinion of Brokers huh? I don't think we are interested in triggering fear so much as trying to avoid working with bottom feeders who take pleasure in other peoples pain. I am all for a good buy but some people circling around these days seem to take a perverse pleasure in other people's misery. [ Reply | More
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General Topics 07.27.08, 11:04 AM Flag
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This makes no sense [ Reply | More
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General Topics 07.27.08, 11:09 AM Flag
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People like you make real estate agents sick. We work with you because thats how we earn our (substantial) salary but you are disgusting. Is that clear enough? [ Reply | More
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General Topics 07.27.08, 11:37 AM Flag
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I am disgusting for asking a question about new development prices. How does this make me a 'bottom feeder'. I wonder how decent you think it is to show me a 2M studio with a straight face [ Reply | More
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General Topics 07.27.08, 11:57 AM Flag
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NP: people who are looking to save money? [ Reply | More
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General Topics 07.27.08, 11:57 AM Flag
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i sure hope you aren't arrogant enough to be speaking for all real estate agents. [ Reply | More
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General Topics 07.27.08, 02:12 PM Flag
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Not a broker but real estate junkie. Looks to me that this would be a great time to buy if you can get the financing you want. [ Reply | More
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General Topics 07.27.08, 09:38 AM Flag
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just sold our apt and our broker told us that we should be happy we are done (we put it on the market in march). i think after december you will see prices come down even further. [ Reply | More
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General Topics 07.27.08, 09:42 AM Flag
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interesting thank you [ Reply | More
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General Topics 07.27.08, 09:43 AM Flag
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So you are OP? What you are looking for is reassurance that NYC prices will drop 20%? Ain't gonna happen ever. [ Reply | More
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General Topics 07.27.08, 10:58 AM Flag
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reassurance? I was asking a question. never happen? I guess you are new to the city. welcome! [ Reply | More
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General Topics 07.27.08, 11:10 AM Flag
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Never ever going to happen. So sorry bitter renter. [ Reply | More
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General Topics 07.27.08, 11:22 AM Flag
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Oh gosh you think I am a renter? No, owner. Without mortgage. You? [ Reply | More
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General Topics 07.27.08, 11:25 AM Flag
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I know you are a renter. A full-equity owner is looking at a loss these days (tho not as much as you hope for) [ Reply | More
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General Topics 07.27.08, 11:34 AM Flag
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Actually, no I am not. My interest in this is of course to buy low. How foolish are you? [ Reply | More
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General Topics 07.27.08, 11:37 AM Flag
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So you are making an argument that NYC real estate wont drop but you a full vested homeowner are not affected by this? [ Reply | More
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General Topics 07.27.08, 11:38 AM Flag
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You are saying it won't drop, are are Ms Never Happen. And where did I say it won't affect me? [ Reply | More
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General Topics 07.27.08, 11:59 AM Flag
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I am a renter looking to buy and that is my suspcion, esp after Goldman and JPM will have already announced their puny bonuses in November. I really wanted to buy before sept, but thinking we are better waiting. Also, I sense that some buyers if they have to sell are entertaining lower offers. This all said, in the interim mortgage rates will probably rise so you will still have the same monthly payment, so I guess that could argue for tyring to buy now. [ Reply | More
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General Topics 07.27.08, 10:43 AM Flag
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is goldman laying off? [ Reply | More
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General Topics 07.27.08, 02:09 PM Flag
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