Silver as an investment

Category Archives: Stuyvesant Town

Peak Housing 2.0: Sam Zell Dumps 23,000 Apartments In 2007 Deja Vu

If you’ve been apartment shopping in the US lately, you might have noticed that rents are becoming more and more unaffordable seemingly by the month.  We’ve documented the inexorable rise in the cost of renting on too many occasions to count, but for those who need a refresher, we recommend rereading one of our more […]

Then It Was BlackRock, Now It’s Blackstone But The Result Will Be The Same

Whether one calls it the latest glitch in the matrix, or yet another “market peak” indicator, the outcome will be the same. First, a flashback to the following October 17, 2006 Bloomberg story when BlackRock together with Tishman, announced it would buy Stuyvesant Town for $5.4 billion: Tishman Speyer Properties LP, the owner of New […]

Frontrunning: October 20

Canada’s Trudeau topples PM Harper in shock election win (Reuters) Where Canada’s Harper Hit Hurdles (WSJ) Pugnacious Trudeau Steps Out of Father’s Shadow and Into Power (BBG) European Stocks Decline, Euro Rallies as ECB QE Optimism Fades (BBG) Valeant, Under Pressure About Price Increases, Plans Changes (WSJ) Syrian rebels say they receive more weapons for […]

Futures Halt Three-Day Rally, Drop On Energy Weakness, IBM Earnings

After yesterday’s closing ramp “prudently” just ahead of an abysmal IBM earnings report with the lowest revenues since 2002, and the latest rally in capital markets which sent European stocks to their highest level since August on the back of a barrage of global bad data which has unleashed the Pavlovian liquidity dogs screaming for […]

Frontrunning: October 19

Great News: China’s GDP Growth Beats Forecasts as Stimulus Supports Spending (BBG) Oh wait, maybe not: China GDP: Deflategate Comes to Beijing (WSJ) Actually, definitely not: Shanghai rebar falls to record low after weak China GDP (Reuters) But who cares: European Shares Gain on Earnings as Bonds Drop, Metals Decline (BBG) Amid Slumping Economy, Canada’s […]

What Bubble? 6 Castles That Are Cheaper To Rent Than An Apartment In NYC Or SF

As we have noted numerous times in the past, there is a Bull market in serfdom.   America's Renter Nation has never spent more of its paycheck on rent and as Zumper notes, with rent prices in San Francisco and New York at the highest in the nation, affordability does not seem to exist in […]

ZeroHedge: The “Peak Bubble” Deal Is Back: Stuy Town To Be Sold Again

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Stuyvesant Town, Manhattan's largest 'rental community', is back on the block as Bloomberg reports Fortress is preparing a $4.7bn bid for the apartmenet complex whose last 'failed' deal came to epitomize the lax lending based on unrealistic projections of future […]