Real Estate & Job Market in NYC

Sunday, March 19, 2006

Like three blind men describing an elephant...

This woman at a party asked me what I did. I told her about the 70 acres I just bought up in Woodstock, NY and how I planned to build 20 stables and rental cottages... She then cut me off and said she's going to a real estate seminar next week talking about the impending real estate bubble.

I said "if you feel the impending bubble is about to burst then you should sell me your apartment at a 30% discount to market before it becomes worthless." She said she rented and was looking to buy when the bubble burst.

I said since my day job is to recruit finance and technology people on Wall Street, I know that there are a lot of jobs and business is booming (check out my Job listings on www.cassworld.com). She said "Not everyone is on Wall St."

So let's do a survey. What's your opinion on in the job market? Do you feel the real estate market is going, up, down or sideways? and why? Please post your comments below!