This week in comments

TRD New York /
Oct.October 16, 2009 10:22 AM

Will
yesterday’s news about record bonuses on Wall Street have a tangible
impact on the residential market?

In my opinion, the answer to this question is no it will not. The
reason for this opinion is that wall streeters who received large
bonuses in the past were able to buy condominiums and homes with less
than 10 percent to 15 percent down, which is obviously not the case in today’s world.
In addition, these same wall streeters whom received these bonuses in
the past were more willing to purchase homes with their windfall
because they figured that bonuses in future years were a certainty,
which also is not the case in the current economic climate we live
in.

Controversial
anti-high-rent party sees leadership fracture

Move to South Carolina where rents are cheaper.


Rental activity down 60 percent, report shows

What [are] they looking for a Nobel Prize? Reports are created to portray
what they want the market to be. We have enough fair
and catastrophe preachers in Washington, and that’s where they
belong, not on the streets of New York City.

Will
FHA require a bailout?

At this point, does it even matter? Add a line in the closed fed
balance sheet, recapitalize FHA, issue more debt via T-bills , and
forget this whole mess ever happened. Fiat currency systems are shell
games, FHA is ‘bailed out’ with a line in a database, nothing
fundamentally changes, but money is created [and] the world keeps
turning
.

PS90
condominiums: A test case in Harlem

This building conversion [is] a welcome relief to this neighborhood. In
fact there is another school just like this on 145th [Street] and Amsterdam
which some local community can’t fix up but they won’t let go [of] either.
What a shame. I wish the city did this to every beautiful but
dilapidated building in Harlem. Harlem’s potential would really be
seen then! I welcome these positive changes in Harlem. It is the
safest it has ever been in the 50 years I have been alive. Please keep
it up!


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Cristiano Moura (Credit: Christie’s Real Estate and iStock)

Viral Instagram post leads to arrest, assault charge for former Christie’s agent

Amazon CEO Jeff Bezos and Hudson Yards (Credit: Getty Images and Wikipedia)

Amazon takes big new office space near Hudson Yards

A&E Real Estate Holdings principal Douglas Eisenberg and the properties (Credit: The Rego Park 18 Portfolio)

Deutsche Bank provided A&E $97M in financing for big Rego Park buy

Billy Macklowe and Key Food at 120 Fifth Avenue in Brooklyn (Credit: Getty Images and Google Maps)

Billy Macklowe looking to break into Brooklyn

From left: Daniel Shirazi, and Robert Khodadadian, with 530 West 25th Street

Feil Organization buys Chelsea office building for $72M

arrow_forward_ios