NY Housing





The NYC real estate [and rentals :( ] has been very resilient despite the fact the rest of the country has seen huge housing declines. Wait a minute......wait a minute........yep, I think a trade ideas is coming up!





NYC real estate has really been driven by Wall Street bonuses and paychecks. With the hedge fund blow-ups, MBS and CP trading grinding to a halt, its almost a given that paychecks on the Street will be light this year. RBS in fact laid off most of their US CDO desk. What does this all mean, real estate prices in NY goin down down.



Risks: Foreign investors should be licking their chops to pick up prime NYC apartments on the cheap. The declining US dollar makes this a great investment. But if I were them I'd wait till interest rates go down OR housing prices really get hit.

Either way, there is a future in chicago that trades housing prices. Watch out though, its pretty illiquid. On the plus the margin requirements are fairly low and theirs a lot of profit potential if prices really crater