Recent content by inonada

Dammit, is that you pulling the strings?!?!

Maybe it just means that overpricing sellers need time to face reality? Not saying that your hypothesis of time killing deals is wrong, but that this might be pointing to another effect.

Looks right to me

Looks like we got a tight race!

Is this graph based on the first asking price or the last?

That's what I meant, the 30-day lookback from Oct 1st. A.K.A. Sep 1st - Sep 30th. I'm saying below 1000.

New random wager: will Oct 1st’s 30-day pace of Contracts Signed be above or below 1000, during the “active season”? I’ll be the contrarian w.r.t. “active season” and go with below 1000.

Noah & I take this one: Aug leases were higher than Jul according to Miller Samuel stats: https://www.millersamuel.com/files/2021/08/Aug21MHTrent-nlINVmos-scaled.jpg Supply (with all its inherent question marks) down to 1 month.

If you haven’t otherwise read it, you might find this thread interesting: https://streeteasy.com/talk/discussion/46917-new-purchases-arm-rate-expectations The denizens of SE opine about how mortgage rates play into their decisions about purchase, whether they pay down the debt vs lever up to...

It does feel like the start of a mini bull run, spurred by: The return to the city The desire for more space Low interest rates Also feels like a temporary overreaction of supply/demand because: The return surge will abate, and the permanent exodus of otherwise Manhattanites is real...

David, I like your observation in post #4 that some sellers needed something to blame for taking a loss. I also get a sense that the pandemic marked an end to many a NYC RE investors’ adventures. After 5 years of price drops driven by nothing other than overpricing & massive development supply...

Awesome, Noah!

Wow, I’m so surprised nobody wanted to pay $16M for that.

“Requiring us not to be anti-competitive is anti-competitive!!!”

What do you make of who’s the hero & who’s the villain in this epic saga they’ve spun?