did you miss that part about "few or no sales"? there were few or no buyers,
yo-yo. hence, the reason for the 50% prices.

geesh. booms always end. they have to.

From: "OzOne
Date: 10/6/2004 8:30 AM Eastern Daylight Time
Message-id:


Eh Jocks, like I said, they lost because they sold em.
Thanks for confirming that.


On 06 Oct 2004 12:11:52 GMT, (JAXAshby) scribbled
thusly:

yo-yo, people who bought apartments in NYC in 1989 had to wait until about
1997
for their apartments to again be worth what they owed the bank on it.

yo-yo, I live here and as you might expect know one or two people, and
worked
with maybe one or two more.

also, yo-you, should you bother to check around with an adult or two you
will
find that a.) booms always end [they have to], and the b.) end is shortly
after
everyone says there is no end.

From: "OzOne
Date: 10/6/2004 2:12 AM Eastern Daylight Time
Message-id:

On 06 Oct 2004 01:45:30 GMT, (JAXAshby) scribbled
thusly:

At no time did anyone I know lose money on a NY apartment. They all
doubled
their money or much better.

My memory goes back to 1989, and I knew a whole bunch of people who lost
money
on NY apartments.

that's because they sold em Jocks!
Imagine if they still had those 1989 properties now.



Oz1...of the 3 twins.

I welcome you to crackerbox palace,We've been expecting you.

huh? abe beam did more to depress nyc housing prices than did ed koch. between
1980 and 1986, nyc lost 600,000 blue collar jobs (they have never returned),
and between 1987 and 1996 an additional 700,000 white collar jobs (not all of
which have been recovered)

housing prices are jumping up right now because a.) the stock market with its
easy profit of the late 1990's is gone (meaning, "investors" chase other get
rich quick schemes), b.) interest rates are the lowest in 40 some year, and c.)
there is no tax on the first half mil of profits on the sale of a house.

b.) and c.) you can thank Al "Kingmaker" Greenspan for in his effort to Geo the
2nd reelected, to make up for his failure with Geo the 1st.

booms always end. they have to.


bob, the end (of every boom) is just after everyone says there is no end (of
some particular boom).


What boom? NY Real estate has been steadily climbing for 50 years. Short
lulls
don't mean a thing.

RB

that is the point.
even if your property values go up. you cannot realize the gain unless
moving to south america
as all the properties around you have increased by roughly the same
percentage.
what it will buy, is leverage with banks to buy more stuff which is
valuable.


OzOne wrote in message ...
On 06 Oct 2004 12:42:07 GMT, (Bobsprit) scribbled

In effect Bubbles, it means nothing.
I'd have to get out of Sydny to realise the capital gain.




Oz1...of the 3 twins.

I welcome you to crackerbox palace,We've been expecting you.

i remember the same (about 1993)
being a broke married grad student i passed on an apartment in the west
village for $15000


"JAXAshby" wrote in message
...
bob, you remember your father's position. the real estate professionals
remember the position of the industry in total. 1989 prices dropped in
some
cases in 1990 to 50% of 1989 prices. I saw a studio in the West Village
go
begging at $25,000 (yup, the price of a low end SUV today). I passed
because I
didn't want to live in the West Village, not my lifestyle much of them.

apartment prices did not recover their 1989 prices until about 1997.



My memory goes back to 1989, and I knew a whole bunch of people who lost
money
on NY apartments.

How?? There were two dips in the market. They lasted no more than 3 years
and
ended by the mid 90's. Real estate fluctuates, but it's never down in NY.
Not
once, not even in 1987 where it dropped briefly before climbing like
crazy
again in the early 90 to mid 90s. Only a flipper could lose money in NY
and
you'd have to be pretty dumb. My father bought his apartment is 1988. In
1993
it was worth about the same. In 2001 it trippled it's value. And that's
in
Queens!

RB

I could never figure that out myself.

Just add it to the lengthy list of things you can't figure out by
yourself..


Let's face it. He can't figure out anything WITH help.

RB

Real estate fluctuates, but it's never down in NY. Not once, not even in
1987 where it dropped briefly

Does this guy read what he types before he hits the send button?
S/V Express 30 "Ringmaster"
"Trains are a winter sport"

Silver went a whole lot higher than that, Jax. I should know...my father sold
off the largest collection of MC silver Morgans in history during that spike!

I think you've just proved Jax's point. For every seller there is a buyer.


What point? My father knew the spike was false and short. The real estate
market has STREADILY climbed.

RB

Flawed analysis, I'm afraid. That's like the guy who continues to hold a
stock because he thinks he hasn't lost money until he sells, rather than
cutting his losses and putting the money into something that will
appreciate.

Wrong, the revenue that NY apartments generated was a certainty. Pulling out
was a mistake for those who did. Those apartments paid HUGELY, yet you suggest
that gambling elsewhere was viable. How so? The property went up. It's history
now.

RB

Clearly your circle of acquaintances is somewhat circumscribed. My wife has
been a broker in the City for over 20 years. I know whereof I speak.

Many of my friends bought apartments in NY. All made money. ALL. I'd like to
agree with you and say I know someone who lost out on NY apartments, but I
don't.

RB

Real estate fluctuates, but it's never down in NY. Not once, not even in
1987 where it dropped briefly

Does this guy read what he types before he hits the send button?

Loco, a valid drop in real estate lasts more than a few years before an
investor even THINKS about making an adjustment. It's never happened in NY. Not
once. The people who bailed were foolish.
Get it now?

RB

New one.

What effect would it have on the USA as a whole if NYC was utterly destroyed
by terrorist WMDs?

What about DC?

Think carefully ....

On Wed, 6 Oct 2004 12:09:04 -0400, "Vito" wrote
this crap:

New one.

What effect would it have on the USA as a whole if NYC was utterly destroyed
by terrorist WMDs?

What about DC?


What about you?





Pathetic Earthlings! No one can save you now!

Bingo. The only people guaranteed to make money out of real estate
churning are agents, banks and governments.

My Sydney property has increased in value 10-fold since I bought it.
BFD. It'd cost me as much or more to buy another but I'd be shelling
out all the expenses. Only answer is to sell & move somewhere cheaper
if you want to cash out - and hope there are enough suckers with deep
pockets to pay.

In my case I don't care. I saw undervalued RE here in Tasmania, bought
in and now have a nice waterfront place that's paid for, and could be
sold for 3X the purchase price. Once again, BFD. They aren't making
any more waterfront RE so selling leaves me ...... where?

Idiots like Bob**** think they can sell to some other sucker for an
inflated price while pocketing the cash and moving on to the next
undervalued property. He also seems to think it's about floor area
etc. Hah. The house I'm just finishing building (another thing Blobby
is incapable of doing, actually building anything) has a total floor
area less than the top floor of my Sydney place. Bigger isn't
necessarily better.

PDW

"gonefishiing" wrote in message ...
that is the point.
even if your property values go up. you cannot realize the gain unless
moving to south america
as all the properties around you have increased by roughly the same
percentage.
what it will buy, is leverage with banks to buy more stuff which is
valuable.


OzOne wrote in message ...
On 06 Oct 2004 12:42:07 GMT, (Bobsprit) scribbled

In effect Bubbles, it means nothing.
I'd have to get out of Sydny to realise the capital gain.




Oz1...of the 3 twins.

I welcome you to crackerbox palace,We've been expecting you.

What a second, didn't you just say:

" My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments."

If so, then how can you say:

" Hell, in most of 1980 you could still buy a Fiat in this country, and the
dood
who just died of very old age was not yet elected President."

Guess what Jax - for over the last quarter century I elected to leave NY and
never looked back. The light at the end of your tunnel is New Jersey.

Gilligan



"JAXAshby" wrote in message
...
Jill? do *you* suspect that one or two things have happened in the
universe in
the last quarter century?

Hell, in most of 1980 you could still buy a Fiat in this country, and the
dood
who just died of very old age was not yet elected President.

but thanks for sharing, Jill.

When I left New York in the very early 80's you could own a house if you
simply paid the back taxes on it. On the way out through Queens, the
garbage
was piled so high on one street you couldn't even get over it in 4WD. New
York is also on of the few places with a sales tax on a house. My friend
paid 3% sales tax on a house in Forest Hills. With rising interest rates
and
offshoring of financial services it will be interesting to see what
happens
to NY real estate. If you weigh in the costs of taxes, living, decline in
health etc, New York real estate isn't that great. My condominiums in
Vail
and Aspen have done much better than NY real estate - and they are
usually
rented by New Yorkers on vacation!

Gilligan.




"JAXAshby" wrote in message
...
At no time did anyone I know lose money on a NY apartment. They all
doubled
their money or much better.

My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments.

oh no
god please
not new jersey!
gf.

"Gilligan" wrote in message
nk.net...
What a second, didn't you just say:

" My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments."

If so, then how can you say:

" Hell, in most of 1980 you could still buy a Fiat in this country, and
the
dood
who just died of very old age was not yet elected President."

Guess what Jax - for over the last quarter century I elected to leave NY
and
never looked back. The light at the end of your tunnel is New Jersey.

Gilligan



"JAXAshby" wrote in message
...
Jill? do *you* suspect that one or two things have happened in the
universe in
the last quarter century?

Hell, in most of 1980 you could still buy a Fiat in this country, and
the
dood
who just died of very old age was not yet elected President.

but thanks for sharing, Jill.

When I left New York in the very early 80's you could own a house if
you
simply paid the back taxes on it. On the way out through Queens, the
garbage
was piled so high on one street you couldn't even get over it in 4WD.
New
York is also on of the few places with a sales tax on a house. My
friend
paid 3% sales tax on a house in Forest Hills. With rising interest
rates
and
offshoring of financial services it will be interesting to see what
happens
to NY real estate. If you weigh in the costs of taxes, living, decline
in
health etc, New York real estate isn't that great. My condominiums in
Vail
and Aspen have done much better than NY real estate - and they are
usually
rented by New Yorkers on vacation!

Gilligan.




"JAXAshby" wrote in message
...
At no time did anyone I know lose money on a NY apartment. They all
doubled
their money or much better.

My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments.

think they can sell to some other sucker for an
inflated price while pocketing the cash and moving on to the next
undervalued property. He also seems to think it's about floor area
etc.

Bwahahaha! What a brainless pinhead! Yeah, nobody made money in NY property
flipping...except most people who tried it!

RB

The house I'm just finishing building (another thing Blobby
is incapable of doing,


I knew if I mentioned the money we're making flipping an apartment this
puppethead would get in a tizzy!

Hoooh ahhh!

RB

"Horvath" wrote

What about you?

Like you, few will even notice my passing.
We're only important to ourselves.

but the psychology is the same. something for nothing.

Of course booms end...ever played the stock market?


From a Wall Street insider:

Two out of three make money in the stock market. The House makes money, and
the Broker makes money. Two out of three ain't bad.

jill? mind rephrasing you post below into some semblemce of intelligent
sputterings?

"Gilligan"
Date: 10/6/2004 10:06 PM Eastern Daylight Time
Message-id: et

What a second, didn't you just say:

" My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments."

If so, then how can you say:

" Hell, in most of 1980 you could still buy a Fiat in this country, and the
dood
who just died of very old age was not yet elected President."

Guess what Jax - for over the last quarter century I elected to leave NY and
never looked back. The light at the end of your tunnel is New Jersey.

Gilligan



"JAXAshby" wrote in message
...
Jill? do *you* suspect that one or two things have happened in the
universe in
the last quarter century?

Hell, in most of 1980 you could still buy a Fiat in this country, and the
dood
who just died of very old age was not yet elected President.

but thanks for sharing, Jill.

When I left New York in the very early 80's you could own a house if you
simply paid the back taxes on it. On the way out through Queens, the
garbage
was piled so high on one street you couldn't even get over it in 4WD. New
York is also on of the few places with a sales tax on a house. My friend
paid 3% sales tax on a house in Forest Hills. With rising interest rates
and
offshoring of financial services it will be interesting to see what
happens
to NY real estate. If you weigh in the costs of taxes, living, decline in
health etc, New York real estate isn't that great. My condominiums in
Vail
and Aspen have done much better than NY real estate - and they are
usually
rented by New Yorkers on vacation!

Gilligan.




"JAXAshby" wrote in message
...
At no time did anyone I know lose money on a NY apartment. They all
doubled
their money or much better.

My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments.

Two of the three highest cancer rates by county in the NY/NJ/CT area are in NJ.
The third is across the Arthur Kill from the other two.

oh no
god please
not new jersey!
gf.

"Gilligan" wrote in message
ink.net...
What a second, didn't you just say:

" My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments."

If so, then how can you say:

" Hell, in most of 1980 you could still buy a Fiat in this country, and
the
dood
who just died of very old age was not yet elected President."

Guess what Jax - for over the last quarter century I elected to leave NY
and
never looked back. The light at the end of your tunnel is New Jersey.

Gilligan



"JAXAshby" wrote in message
...
Jill? do *you* suspect that one or two things have happened in the
universe in
the last quarter century?

Hell, in most of 1980 you could still buy a Fiat in this country, and
the
dood
who just died of very old age was not yet elected President.

but thanks for sharing, Jill.

When I left New York in the very early 80's you could own a house if
you
simply paid the back taxes on it. On the way out through Queens, the
garbage
was piled so high on one street you couldn't even get over it in 4WD.
New
York is also on of the few places with a sales tax on a house. My
friend
paid 3% sales tax on a house in Forest Hills. With rising interest
rates
and
offshoring of financial services it will be interesting to see what
happens
to NY real estate. If you weigh in the costs of taxes, living, decline
in
health etc, New York real estate isn't that great. My condominiums in
Vail
and Aspen have done much better than NY real estate - and they are
usually
rented by New Yorkers on vacation!

Gilligan.




"JAXAshby" wrote in message
...
At no time did anyone I know lose money on a NY apartment. They all
doubled
their money or much better.

My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments.

You'll still be here all weekend, posting, posting,
pretending to have a life. Enjoy, sucker. I have a house to finish, a
bay to sail on and friends to share it all with.

Yeah, SURE you do. I'm sailing today and tomorrow. There will be pics, but
we've yet to see a pic from you. All you do is blow hot air, bub.
Enjoy your "house." We'll enjoy sailng.

Bwahahahahahahaha!

RB

"JAXAshby" wrote
Two of the three highest cancer rates by county in the NY/NJ/CT area are
in NJ.
The third is across the Arthur Kill from the other two.

No doubt The Lord's punishment for their participation in The War of Yankee
Aggression.

I believe you are referring to "The War of
Northern Aggression."
S.

"Vito" wrote in message
...
: "JAXAshby" wrote
: Two of the three highest cancer rates by
county in the NY/NJ/CT area are
: in NJ.
: The third is across the Arthur Kill from the
other two.
:
: No doubt The Lord's punishment for their
participation in The War of Yankee
: Aggression.
:
:

I think you shoud stay home and be ready to answer questions about that $15
power cord you have on ebay. The sale of that thing might put you in the black
this month.

I have a bit more than that on Ebay, no wdon't I? Being in the black isn't the
issue. Not having to pay for slip, winter storage, plastic wrap, painting and
buffing is the point. I've sold a LOT of those cables.
And I'm still going sailing at 1:30 while you post away!

RB

Not right now Jax, I have some pretty bad gas pains. Sprinkle some
phlogiston on it and see if it makes any sense.

Jill

"JAXAshby" wrote in message
...
jill? mind rephrasing you post below into some semblemce of intelligent
sputterings?

"Gilligan"
Date: 10/6/2004 10:06 PM Eastern Daylight Time
Message-id: et

What a second, didn't you just say:

" My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments."

If so, then how can you say:

" Hell, in most of 1980 you could still buy a Fiat in this country, and
the
dood
who just died of very old age was not yet elected President."

Guess what Jax - for over the last quarter century I elected to leave NY
and
never looked back. The light at the end of your tunnel is New Jersey.

Gilligan



"JAXAshby" wrote in message
...
Jill? do *you* suspect that one or two things have happened in the
universe in
the last quarter century?

Hell, in most of 1980 you could still buy a Fiat in this country, and
the
dood
who just died of very old age was not yet elected President.

but thanks for sharing, Jill.

When I left New York in the very early 80's you could own a house if
you
simply paid the back taxes on it. On the way out through Queens, the
garbage
was piled so high on one street you couldn't even get over it in 4WD.
New
York is also on of the few places with a sales tax on a house. My
friend
paid 3% sales tax on a house in Forest Hills. With rising interest
rates
and
offshoring of financial services it will be interesting to see what
happens
to NY real estate. If you weigh in the costs of taxes, living, decline
in
health etc, New York real estate isn't that great. My condominiums in
Vail
and Aspen have done much better than NY real estate - and they are
usually
rented by New Yorkers on vacation!

Gilligan.




"JAXAshby" wrote in message
...
At no time did anyone I know lose money on a NY apartment. They all
doubled
their money or much better.

My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments.

actually, that country across the Arthur Kill was Tory.

Two of the three highest cancer rates by county in the NY/NJ/CT area are
in NJ.
The third is across the Arthur Kill from the other two.

No doubt The Lord's punishment for their participation in The War of Yankee
Aggression.

a phrase more apposite

you talk like that often? does it mean you can't tell diesel oil from
anti-freeze? does it mean you fire blanks because you had your tubes cut?

maybe hoary can tell us if it means you wear pink underwear.

the very next time I am out sailing and someone wonders if we might want to put
a reef in, I am going to say:

never
was a phrase more apposite

hoary'd luv ya, dood. he don't sail either but he too got an 800 SAT verbals.
go ahead, ask him if you doubt it.

Does this mean you have no idea what apposite means?

What is this place coming to ?

Cheers

JAXAshby wrote:
a phrase more apposite


you talk like that often? does it mean you can't tell diesel oil from
anti-freeze? does it mean you fire blanks because you had your tubes cut?

maybe hoary can tell us if it means you wear pink underwear.

Bwahahahahahahahaha. You mean that *you* haven't seen any pix coz
others here have.


Sorry, Peter. You've posted no pics and I sailed Friday and Saturday and will
sail again tomorrow.
Enjoy your little fantasy while we go sailing, girly man!

RB

You're a buffoon,
Blobby, a fat clown who'd be a bully if you had sufficient spine to
take on a jellyfish.


It's pretty sad when some loser talks tough behind his keyboard.
Another Scotty Potti, folks. He's probably suckling on his mommy right now...or
his daddy!

RB

It's pretty sad when some loser talks tough behind his keyboard.

Call Lifeline, Blobby. They care.


Peter, you're a non sailing fag.
Not that there's anything wrong with that!!!

Bwaahahahahaha! Dance, chucklehead!

RB