Funny part is Abu Dhabi bought into the beginning of the Financial stocks crash.

The only thing that I know about NYC real estate is that:-CRE is crashing-hundreds of thousands of bankers, traders, and fund managers are losing their jobs-The oldest and most powerful investment bank are crumbling-etc...I'm sure there is a way to make money in RE in NYC, but I wouldn't know how.

Coming Commercial Real Estate Crash

I am not touching anything in CA commercially right now and have not touched residential in the past three years either.That said, I think there will be an incredible buyer's opportunity in the coming years for commercial as it crashes right behind residential.

The markets move too quickly - a crash could theoretically happen in minutes.

My bus. partner and I are working on a restart of our rei business. Any advice appreciated. Btw, we know the mistakes we made, so no comments needed there... :)

> SCENARIO:

1. We built mostly SFHs from 00-07 ...

They think the gravy train will never end and after doing deal after deal with great success they grow bigger and bigger and become more leveraged than ever, convincing themselves they will be out with a huge profit before the next crash.

This crash is the net result of Mr Greenspan dropping the Fed Funds rate everytime someone got a parking ticket.Buy and hold in sunbelt markets.

I was listening to some experts on air safety and crashes.

The dot com crash put a lot of nails in that coffin.