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  • Now Playing: Zombie Condos in Manhattan [View article]
    I would not be surprised if NYC property takes a very long time to recover to its bubble-era stratospheric values, perhaps longer than it makes sense for a middle-aged (or older) investor to buy into it today.

    Here is an interesting prognostication from Martin Hutchinson, who has been right for a long time in predicting the recent events:

    www.prudentbear.com/in...



    On Apr 17 02:46 PM WAKEUP wrote:

    > Another urban legend in the making. New York City is the home of
    > The White Elephant. Go ahead, try the above mentioned trick of swooping
    > in on these White Elephants, and I'll see you in Central Park, feeding
    > the pigeons, while you try to figure out what happened to your money.
    > HINT: Look for your money in Paris, France, and in Geneva, Switzerland,
    > and in, yes, that's right, Dallas, Texas, USA. Watch out, that pigeon
    > is circling over your head.
    Apr 18 08:21 am |Rating: 0 -1 |Link to Comment
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