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Manhattan Loft Guy

Oct. 31, 2006 - what’s with the witchcraft, and why does everyone want it? (market predictions)

 
Nice post on Jonathan Miller’s other blog, Soapbox (on appraisals) about the temptation to predict the future: we all have it, you all want it.
 
I try to tell people all the time that the best I can do is assess how This Loft in This Neighborhood is likely to do in comparison to the market as a whole going forward. If the whole market goes down, will this one? Umm, yup. But either right in line with the rest of the market (if in a ‘mature’ market) or possibly more than the rest of the market (if This loft poses greater risk and opportunity). Same thing going in the other direction, if the overall market improves.
 
Everything else is a form of witchcraft, no? (Hence the timing of today’s posts.)
 
But I get the feeling that people want to ‘know’ more. As if I had more. (If I had more, would I still be working??) BOO to all today! (Send me your extra chocolate.)
 
© Sandy Mattingly 2006
 
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on matters of interest to Manhattan coop or condo loft apartment dwellers, buyers, sellers, and others, especially about New York City real estate

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