Comments on: Close Up Look at Ugly NYC Commercial Real Estate http://dailyreckoning.com/close-up-look-at-ugly-nyc-commercial-real-estate/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Sat, 11 Feb 2012 04:42:35 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: David Milton Maxwell http://dailyreckoning.com/close-up-look-at-ugly-nyc-commercial-real-estate/#comment-36465 David Milton Maxwell Mon, 02 Nov 2009 00:04:59 +0000 http://dailyreckoning.com/?p=18950#comment-36465 when I was a teen in late 70's in Chicago, there was an amusement park ride where you go in a huge circular cylinder, you stand against the wall, it starts spinning faster and faster, the centrifical force holds you against the wall > THEN they dropped the floor and like magic your not touching the floor. It's all good until the cylinder started slowing down, and then you started sliding down the wall, and collapsed on the floor exhausted and no more force to hold you up off the floor. JUST LIKE the USA economy, it's spinning slower and slower, no more credit glue to keep us up off the floor. Were ALL sliding down to the floor, and were all going to end up on the floor economically and it's going to be UGLY, really really UGLY. Think 1934, except much much WORSE. YOU read it here FIRST. when I was a teen in late 70′s in Chicago, there was an amusement park ride where you go in a huge circular cylinder, you stand against the wall, it starts spinning faster and faster, the centrifical force holds you against the wall > THEN they dropped the floor and like magic your not touching the floor.
It’s all good until the cylinder started slowing down, and then you started sliding down the wall, and collapsed on the floor exhausted and no more force to hold you up off the floor.
JUST LIKE the USA economy, it’s spinning slower and slower, no more credit glue to keep us up off the floor. Were ALL sliding down to the floor, and were all going to end up on the floor economically and it’s going to be UGLY, really really UGLY. Think 1934, except much much WORSE. YOU read it here FIRST.

]]> By: sharonsj http://dailyreckoning.com/close-up-look-at-ugly-nyc-commercial-real-estate/#comment-30771 sharonsj Fri, 09 Oct 2009 19:49:43 +0000 http://dailyreckoning.com/?p=18950#comment-30771 When this is over, the RICH will own everything and the rest of us will be screwed. When this is over, the RICH will own everything and the rest of us will be screwed.

]]> By: Diddley Don't http://dailyreckoning.com/close-up-look-at-ugly-nyc-commercial-real-estate/#comment-30603 Diddley Don't Fri, 09 Oct 2009 00:56:19 +0000 http://dailyreckoning.com/?p=18950#comment-30603 That guy is incredulous. The other shoe is about to drop? The other shoe has already dropped, it's just the shock wave that's taking its sweet time getting here. And, I still can't believe that anyone with any common cents would pay $600 million for a half empty building. When this is all over, some crafty real estate moguls will own some buildings at a steal. That guy is incredulous.

The other shoe is about to drop?

The other shoe has already dropped, it’s just the shock wave that’s taking its sweet time getting here.

And, I still can’t believe that anyone with any common cents would pay $600 million for a half empty building.

When this is all over, some crafty real estate moguls will own some buildings at a steal.

]]>