Gothamist: Real Estate Boom Turns into Bust

hungryghoast

Thu, 02 Oct 2008 02:08:56 -0500

so uhh... when do we get to start paying lower rents?? (i know i know... i'm laughing at myself/crying too)

TN

Wed, 01 Oct 2008 23:11:40 -0500

tingo - that stuff won't be affected as much, it's mostly euro-tourists that are interested in that stuff already anyway. It's getting tight over there too, so that stuff will probably get affected as well. In other words, fewer iPods purchased by Europeans at the Apple cube & J&R.

NannyState

Wed, 01 Oct 2008 21:34:00 -0500

During The Depression, vacant lots that were cleared for tall towers eventually got filled with one or two story "taxpayers", usually with lowbrow diner or theater tennants. Could we be in a new age of lowbrow tennants? I'd raise a glass of cheap crap to that!

Leon Freilich

Wed, 01 Oct 2008 13:39:27 -0500

A ROGUE BY ANY OTHER NAME Wall Street's holding the economy hostage Demanding we cover its losses, Threatening death to credit unless We bear its financial crosses.

matty

Wed, 01 Oct 2008 13:34:52 -0500

I'm kind of glad. NYC was way too uppity for the past 20 years.

Spiritof76

Wed, 01 Oct 2008 13:07:57 -0500

So now instead of moving cranes falling on people, we'll have debris from abandoned half-built skyscrapers falling on people? You mean Freedom Tower might turn out like the Hotel of Doom? On the bright side, Atlantic Yards might be kaput.

Larry

Wed, 01 Oct 2008 12:32:20 -0500

Yay. One bedrooms for $999,999!!!

contro

Wed, 01 Oct 2008 11:23:58 -0500

Eggscelent My plan is coming to fruition.

KosherPickle

Wed, 01 Oct 2008 11:22:09 -0500

the bank gave me a pre approved mortgage..im still waiting for prices to fall even more on homes..yeahhhhhhh lol

drewo

Wed, 01 Oct 2008 10:59:36 -0500

Unused midtown office space to morph into luxury condos. Or subsidized low-income housing.

jibbly

Wed, 01 Oct 2008 10:59:01 -0500

tingo - that stuff won't be affected as much, it's mostly euro-tourists that are interested in that stuff already anyway.

tingo

Wed, 01 Oct 2008 10:48:02 -0500

What about $450 jeans? Will they be affected too? Lines for cupcakes?? Oh no!

JMH

Wed, 01 Oct 2008 10:38:49 -0500

I feel so bad for Richard Lefrak that his property values are going down. Doubly so for Tishman Speyer.

yakatori

Wed, 01 Oct 2008 10:35:05 -0500

boo f'n hoo

longacre

Wed, 01 Oct 2008 10:26:16 -0500

So now instead of moving cranes falling on people, we'll have debris from abandoned half-built skyscrapers falling on people?

citylion

Wed, 01 Oct 2008 10:04:45 -0500

Woohoo! 70 & 80s here we come again!

edEx

Wed, 01 Oct 2008 10:00:41 -0500

thanks goodness i refinanced last year.

Rob T Firefly

Wed, 01 Oct 2008 09:57:56 -0500

Wait, we had a boom?

Felix Hoenikker

Wed, 01 Oct 2008 09:56:28 -0500

Good.

Think twice

Wed, 01 Oct 2008 09:48:43 -0500

So we've escaped the disillusion of Wonderland and now we're back to "normal"?