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Excuse me, but this is an answer to a question, posed here, by a forum member.
Thank you.
Ummm (scratching head)..the OP led with an article in the Long Island forum regarding the latest bubble burst for the nyc marketplace. You are discussing your perspective on the collapse of Mexico. It's a fine topic, I just think it is its own thread.
To the OP, I think this is a positive sign, just as the correction in housing prices is bringing affordability back to the island (slowly) in certain pockets a decline in Manhattan area real estate might slow the depressing erosion of mom and pop/family ownership in nyc. Too many corporations have swooped in and developed condo towers and opened up chain stores to justify these ridiculous real estate prices. What makes the city great are the niche restaurants and shops that you can not find anyhwhere else. They continue to be squeezed out, if many even remain, as city real estate stays at these billionaire levels.
Ummm (scratching head)..the OP led with an article in the Long Island forum regarding the latest bubble burst for the nyc marketplace. You are discussing your perspective on the collapse of Mexico. It's a fine topic, I just think it is its own thread.
I guess the rest of the US is "floating around" Long Island then, right, and we are all "Lost In Space" ?
Judging from the headline of the above-referenced article, this does not have anything to do with most of us in the real world middle class:
And Do I Hear $2 Million? No? $1 Million? Sold!
My heart bleeds for those seeking to buy/sell 7 figure housing.
Are you kidding me...or what????
Have you ever taken a look at prices in Nassau County North and South? Did you ever hear of places such as Great Neck, Roslyn, Port Washington, Sea Cliff, Glen Head, East Norwich, East Hills, Cedarhurst, Atlantic Beach, Lido Beach, North Woodmere, Merrick Woods, Rockville Center????
So tell me how much that article means to you and the rest of us in the real world on Long Island.
Very simple. Manhattan is a real estate market unto itself. Every other RE market could be crumbling, declining, etc, but Manhattan would still remain stable. The fact that Manhattan is on the decline and prices are expected to drop by 50% means that everyplace else can only look forwar to a total collapse.
Very simple. Manhattan is a real estate market unto itself. Every other RE market could be crumbling, declining, etc, but Manhattan would still remain stable. The fact that Manhattan is on the decline and prices are expected to drop by 50% means that everyplace else can only look forwar to a total collapse.
I guess it's going to look like this...eventually...Manilla, The Phillipines !
THAT "thing" of buildings, is the financial district of the city...whatdya think ? Kind of prescient, or a BAD DREAM ? You decide.
BUT, WOW, that's something nice to look forward to, isn't it ? IT'S ONLY MANHATTAN...whew...just a short train trip...you won't even see THEM when you come in or leave The City.
ALLS that's missing is the theme song to EVITA...and bodies floating in the river of red !
"Would you like to try a college education?
Own your landlord's house, take the family on vacation?
Eva and her blessed Fund can make your dreams come
true
Here's all you have to do my friends
Write your name and your dream on a card or a pad
or a ticket
Throw it high in the air and should our lady pick it
She will change your way of life for a week or even two"
Last edited by longislandmike; 02-27-2009 at 04:20 AM..
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He was answering a question
