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(NYPost) Obvious Old and busted: Manhattan real estate is recession proof. New hotness: Manhattan real estate down 25% from last year's prices   (nypost.com) divider line 30
More: Obvious  
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427 clicks; posted to Business » on 02 Jul 2009 at 9:16 AM   |  Make this a Fark FavoriteFavorite    |   share: Share on OMGTWITTER WEB2.0share on StumbleUponshare on Facebook  more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!

30 Comments   (+0 »)


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H31N0US 2009-07-02 09:17:44 AM  
Buy now or be priced in forever.

 
obzerver 2009-07-02 09:21:42 AM  
A one bedroom condo for $650,000. What a bargin.

 
ManhattanRedneck 2009-07-02 09:26:52 AM  
Under $1000/sqft?! Woohoo!

 
dragonchild 2009-07-02 09:31:50 AM  
As an aside, not that it bothers me enough to WHAARGARBL about it, but I wonder why the "Old and busted" meme ever got popular. It's like adding tofu to a meal. It doesn't ruin the substance, it doesn't really do anything other than just dilute it.

I'm aware the mods are quite capricious these days, but I daresay using the "Old and busted" meme (among others) makes a headline harder to notice, let alone attract enough attention for a greenlight.

 
Rapmaster2000 2009-07-02 09:35:02 AM  
People in New York are stupid. Here in Hickton you can get a 9000 sq ft. house with a jet ski and blah blah for only $10,000.

I have 2 that I paid for with a fixed mortgage at 3% that I paid for with cash.

/obligatory

 
LonMead 2009-07-02 09:35:51 AM  
Manhattan real estate down 25% from last year's prices

And still overpriced.

 
ManhattanRedneck 2009-07-02 09:41:28 AM  
Rapmaster2000: People in New York are stupid. Here in Hickton you can get a 9000 sq ft. house with a jet ski and blah blah for only $10,000.

I have 2 that I paid for with a fixed mortgage at 3% that I paid for with cash.

/obligatory


Yeah, you could get a McMansion, but you need to pay all that money to live at the center of the universe and to have the privilege to live by a bunch of asshole investment bankers and pay $10 for a loaf of bread at your local Griestides.

/Thank god I don't need a car

 
minnesotaboy 2009-07-02 10:06:28 AM  
New York. That's like a city, right?

I flew over it once. It looked messy.

Everyone knows Beijing is the new New York anyway.

 
absoluteparanoia 2009-07-02 10:12:39 AM  
dragonchild: I wonder why the "Old and busted" meme ever got popular

It started with an epic photoshop thread on Fark that was in the theme from the latest Men in Black. The winner was a picture of a firey hot pocker and an old bus. Unfortunately the bus caught fire and its mom got scared and said you're moving with your auntie and uncle in bel air. I whistled for a cab and when it came near the license plate said fresh and there was a dice in the mirror. If anything I could say that this cab was rare but I thought man forget it, you holmes to bel air. I pulled up to a house about seven or eight and I yelled to the cabbie "yo holmes smell ya later" I looked at my kingdom I was finally there to sit on my thone as the prince of bel air.

 
Spike Lee's Favorite Farker 2009-07-02 10:22:06 AM  
some experts see the possibility of prices leveling off by year's end.

guess that settles that

 
H31N0US 2009-07-02 10:30:58 AM  
minnesotaboy: Everyone knows Beijing Shanghai is the new New York anyway.

Beijing is a dump. Shanghai not so much.

 
stuhayes2010 [TotalFark] 2009-07-02 11:13:08 AM  
Spike Lee's Favorite Farker: some experts see the possibility of prices leveling off by year's end.

guess that settles that


Same experts that said real estate always goes up and this market is crash proof?

 
deltabourne 2009-07-02 11:13:16 AM  
minnesotaboy: New York. That's like a city, right?

I flew over it once. It looked messy.

Everyone knows Beijing is the new New York anyway.


Isn't it time to go reap your corn or whatever the fark you do out there in farm country?

 
rubi_con_man 2009-07-02 11:39:48 AM  
Now, only 75% of insane to go.

I have said this before, I will say this again: start taxing non-primary residences double. The house with the lower valuation will always be deemed the 'primary' residence. Did you just buy a little shack by the woods? congrats, you just doubled the tax burden on your house. Maybe you should think about that before you go pricing out someone else for a pied-a-terre.

Oh, and if you own ANY property, you must give up your rent controlled apartment. oh, you own the family store, but have a rent controlled apartment? So sorry. You must move into a market rate apartment. No using your state-sponsered savings to fund your private property holdings.

Thank you, drive through.

 
oshkosh 2009-07-02 11:41:24 AM  
deltabourne: Isn't it time to go reap your corn or whatever the fark you do out there in farm country?

No. It is not August yet.

/who are you going to insult next?
//loves NYC and most New Yorkers
///however, insecure ones who feel the need to run down anyone who doesn't live in Manhattan can go fark themselves

 
AnubisMan 2009-07-02 11:56:41 AM  
ManhattanRedneck: Rapmaster2000: People in New York are stupid. Here in Hickton you can get a 9000 sq ft. house with a jet ski and blah blah for only $10,000.

I have 2 that I paid for with a fixed mortgage at 3% that I paid for with cash.

/obligatory

Yeah, you could get a McMansion, but you need to pay all that money to live at the center of the universe and to have the privilege to live by a bunch of asshole investment bankers and pay $10 for a loaf of bread at your local Griestides.

/Thank god I don't need a car


You mean it is desirable to live in a tiny box surrounded by smug assholes that would step over your body if you were having a heart attack? You are a lucky one.

 
progmac 2009-07-02 12:10:21 PM  
i love visiting nyc but would never want to live there. too many people and no connection with anything but the here and now. that's just me, anyways, and i imagine you all are glad not to have one more person in an already crowded city.

 
captainktainer 2009-07-02 12:24:58 PM  
AnubisMan: You mean it is desirable to live in a tiny box surrounded by smug assholes that would step over your body if you were having a heart attack? You are a lucky one.

Hey, look, someone who's never lived in New York pretending he knows jack shiat about the place! What an unusual circumstance!

 
H31N0US 2009-07-02 12:31:06 PM  
deltabourne: Isn't it time to go reap your corn or whatever the fark you do out there in farm country?

Minnesota's key agricultural product is snow.

 
AnubisMan 2009-07-02 12:41:56 PM  
captainktainer: Hey, look, someone who's never lived in New York pretending he knows jack shiat about the place! What an unusual circumstance!

Spot on if you are talking about the city, you realize that there is more to your state than the one place. I have seen Crocodile Dundee several times though so I can tell you about city living. You are telling me the apartments aren't small unless you want to pay an arm and a leg? People are not smug thinking they are hot shiat because they live in the city?

 
Lady Beryl Ersatz-Wendigo [TotalFark] 2009-07-02 02:08:04 PM  
New York is a nice place to visit, but I wouldn't want to live there. I prefer the pastoral simplicity of DC.

 
kpottruff 2009-07-02 02:37:15 PM  
One thing you can't do in a big city is look at the stars. Nothing like being in rural saskatchewan on a clear summer night and looking at the Milky Way. You can take your giant metropolis I like small town life.

/Living in Calgary and 1 million feels like too many.

 
Rapmaster2000 2009-07-02 02:47:18 PM  
AnubisMan:

You mean it is desirable to live in a tiny box surrounded by smug assholes that would step over your body if you were having a heart attack? You are a lucky one.


Living in a tiny box is totally stupid and it sucks. Everyone knows that it's awesome to live in a giant house in the middle of nowhere. DIE STRAWMAN, DIE!

 
jhva3 2009-07-02 02:58:55 PM  
AnubisMan: captainktainer: Hey, look, someone who's never lived in New York pretending he knows jack shiat about the place! What an unusual circumstance!

Spot on if you are talking about the city, you realize that there is more to your state than the one place. I have seen Crocodile Dundee several times though so I can tell you about city living. You are telling me the apartments aren't small unless you want to pay an arm and a leg? People are not smug thinking they are hot shiat because they live in the city?


I think it depends on what you consider small, and what you consider an arm and a leg. I know this might come as a shock to you, but the city is big, and the prices vary by neighborhood.

 
hukedanfonix 2009-07-02 03:01:56 PM  
I don't feel bad in the slightest that real estate prices are falling so sharply. People got too greedy with what they wanted for their real estate, pushing prices up to ridiculous levels(and people being willing to pay atrocious sums for property didn't help matters either), and now its come back to bite them in the ass. They got what they deserve. Cry me a farking river.

/Lives in one of the few areas where you can still buy a nice house for under $90K

 
EsteeFlwrPot 2009-07-02 03:09:22 PM  
captainktainer: AnubisMan: You mean it is desirable to live in a tiny box surrounded by smug assholes that would step over your body if you were having a heart attack? You are a lucky one.

Hey, look, someone who's never lived in New York pretending he knows jack shiat about the place! What an unusual circumstance!


Yeah seriously. You don't even have to live in Manhattan. Queens and Brooklyn are just a short train ride away and the apartments are bigger and cheaper. Also, you'll be surprised how helpful and nice people are around here. Must be something in the water...

 
CitizenTed [TotalFark] 2009-07-02 03:51:23 PM  
Lady Beryl Ersatz-Wendigo: New York is a nice place to visit, but I wouldn't want to live there. I prefer the pastoral simplicity of DC.

Thx for my LOL for the day.

 
deltabourne 2009-07-02 07:38:50 PM  
hukedanfonix: /Lives in one of the few areas where you can still buy a nice house for under $90K

How is Detroit these days? Do residents still dream of moving to a better neighborhood, like downtown Mogadishu?

 
Moopy Mac 2009-07-02 10:32:55 PM  
EsteeFlwrPot: captainktainer: AnubisMan: You mean it is desirable to live in a tiny box surrounded by smug assholes that would step over your body if you were having a heart attack? You are a lucky one.

Hey, look, someone who's never lived in New York pretending he knows jack shiat about the place! What an unusual circumstance!

Yeah seriously. You don't even have to live in Manhattan. Queens and Brooklyn are just a short train ride away and the apartments are bigger and cheaper. Also, you'll be surprised how helpful and nice people are around here. Must be something in the water...


But some people don't want to live in the suburbs.

 
rthanu 2009-07-03 01:26:43 AM  
Better food, hotter women, and much better entertainment vs cleaner air, bigger living space, short commute, and fewer assholes per square mile.

I'd rather be fishing in flyover country myself, but to each their own.

 
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