My god, I thought I was excited about real estate, but I’ve got to hand it to New Yorkers. Note the success of 100 11th Avenue which situates you right next to a women’s prison? Wonder if there was a heavy bias toward men buyers? Kind of sick if that is the case! Although, it does seem the slumlord trade is pretty much the hottest ticket in town. A lot of people talking about a renter’s bubble now.
Sorry I missed yesterday. Busy week for me as I head to London. Also, big week for US Fed. Banks Report Card was out last night (was supposed to be Thursday). Basically following 2008 Financial Crisis, banks are now undergo rigorous scrutiny to make sure they’ll survive a worst case scenario. Most did well!
As an aside, a lot more people are warming up to the US banks. Finally, their foreclosure nightmare looks like it’s easing with the real estate market improving. Also, as we see the economy improve we should see more people able/wanting to borrow. JP Morgan last night announced they are increasing their dividend and hope is they are not alone.
As a banker myself, it would be great to be out of the doghouse for a while.
No comments:
Post a Comment