Monday Open Thread
This is your open thread for today. Please post random links and off-topic discussions here.
Off-topic comment? Interesting link?
Head over to the forums, or click here for open threads.
Head over to the forums, or click here for open threads.
2 comments:
An absoltue howler of a Condo article in yesterday's Times
Yep, selling downtown's commodity, but I especially enjoy the candor in such quotes as...
"Smack dab on the corner of Stravinsky + Sockeye," says the ad for the Second + Pine condos. (And you thought that was the corner of Discount Fashions + Cheap Heroin.)
Cheap Herion? Hehehe... I actually recall walking down 2nd from Pike's just a few months ago dodging some guy with a weird curb-inflicted headwound mumbling to himself about how he was "wronged!" while carring a not-so-discrete baggy of pariphenalia...
Oh, but the elegance of it all!
City Hall's emphasis on living downtown has led to a housing boom
Uhmm... gotta disagree there. Led to the housing boom? No Stu, sorry to say that was Mr. Greenspan (aka Mr. Bubbles) that led to the credit/asset/housing boom. City Hall's merely enabled and aggrevated the situation on the promise of lucrative property taxes they can bilk for wild-eyed hackneyed boondoggles like monorails to nowhere...
About 40 percent of 5th and Madison's 126 units, the majority of which sell from $500,000 to $700,000, have been bought in the first three months of sales. First occupancy is targeted for September 2007.
Yeah, I'm guessing this is going to be an experiment in logarithmic growth, can you say 44.5% by May 2007? First 3 months? What about the heady days of out-of-state investors purchasing sight unseen over the internet? What happened? I thought we're in a "Green Curry Hot" market?
We like the vibrancy during the day with all the banks and hotels and the office workers walking around
.... awesome! too bad there's no grocery stores to shop at!
Chiew said people in Sydney also were once skeptical about living in a financial district.
"And now, it's very expensive to own a home in downtown Sydney,"
Sweet, a comparison to Sydney, Australia! Yes! Oh, and what a grand experiment in housing that little gem Down Under's been.
Hurry up people, get on those neg-am/no-docs before the gig is up and lender's get reigned in, get in before the promise of cramped 700K downtown living passes you buy. Come on down, the heroin's great!
I love how people can turn an economic slowdown or recession into a positive by saying that "the Fed is going to cut rates". The only way the FED is going to cut rates is if we are in a recession. Obviously if we are in a recession, the economy is taking a turn for the worse, consumer spending will be down, and disposable income will be dropping. But hey, you'll have a .25 rate cut!
Post a Comment