If you want cash then read this

April 27th case schiller index on property values ON MANHATTAN property ipo's. UMM and DMM

Now that should be all you need to know but if you want some mustard on your hot dog then read on.

Worse sector in the world right now, FINANCE.

Worse sector to get a job right now, FINANCE.

Per capita the most populated city in the world with the highest ratio of finance employees, MANHATTAN.

Last property values in the USA to show signs of falling, MANHATTAN.

Those that do still work in this sector, what has happened to their pay, bonus near zero.

These high flying wall street guys what do they do with salary, spend it on prada bags for the mistresses.

What do they do with their BONUSES, they pay all major expenses in advance as salary is to have fun with bonuses are to make their marks in life with.

Well no bonuses means a lot of properties not getting that lump sum principal and interest payment in 2009 and these guys DO NOT have savings, its the only place in the world where people earn 500K a year and have no cash.

Manhattan property still to fall 30pct from today's level for all of the above and more. Oh for every 1 finance guy employed they say it creates 2-3 jobs in the service sector in this city so more downward pressure on prices in Manhattan.

KISS

http://www.youtube.com/watch?v=HnqUAbGMjLI

Keep It Simple Stupid, this is the last shoe we can really make some coin on and it's a back up the truck move and do not trade it, we run this sucker for the entire 2009 year. My honduran huricane hussy works in real estate and I can tell you first hand the sellers are stuck in dream land and have not marked to market and the buyers are waiting for deals and the difference is amazing. A 2mill property got an offer for 1.6 in November last year and the landlord said I do not have to entertain such an offer, I would rather lock up my apartment and put in moth balls than to sell for that price. Well it now lists for 1.65 and I bet 1.6 he would take but he will only be offered 1.4.

Giddy Up