Deutsche Bank Projecting A 40% Decline In NY Housing Prices

Tyler Durden's picture

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Fruffing's picture

Isn't Timmy underwater on a shed in this MSA?    Wonder how he'll explain his Jingle mail to the Senate.   Or his boss.

Hedge Jobs's picture

i hope Timmy is underwater, and someone holds him there until he stops kicking!

Expat's picture

If the Fed lets NY metro home prices drop, it's bad for the bankers.  If it's bad for the bankers, it's bad for Wall Street.  If it's bad for Wall Street, it's bad for Washington.  If it's bad for Washington, it's bad for America.

The Fed will now add Manhattan real estate to its direct purchases of securities.

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