That’s amazing. The credit crunch seems to really be limiting activity.

First Half Stats

Year Sold U/C*
1991 3,151 4,794
1992 3,591 4,966
1993 3,542 4,919
1994 3,940 5,180
1995 3,235 4,639
1996 3,500 5,359
1997 3,834 5,253
1998 4,246 5,882
1999 4,364 5,494
2000 4,054 5,189
2001 3,822 5,019
2002 4,545 5,468
2003 4,139 5,344
2004 4,652 5,844
2005 4,796 6,026
2006 4,024 5,167
2007 4,134 5,110
2008 2,889 3,849

*Under Contract = Pending Sales

Sales down 40% from peak in 2005, U/C down 36% from peak in 2005

Median price is down 6% from the peak in 2006

Do you have access to stats or is this an observation on your part?

Rich

Menlo park mall is to Americans what Iselin is to Indians. And I hate Menlo park mall. I want it removed and turned into a horse farm

I think it’s happening exactly like the downturn in the late 80′s/early 90′s. The rot starts at the edges of the NYC metropolitan areas (the suburbs), and creeps in. Due to it’s proximity to NYC, Hoboken will fall when Manhattan does.

“In February, IndyMac posted the first annual loss in its 23-year history, which led the company to suspend its dividend on common shares as it attempts to ride out the mortgage crunch. But despite all the lender’s troubles, Mr. Perry has insisted that mortgage brokers and home lenders are not the only ones responsible for the nation’s credit and housing woes. In February, he listed “systemic problems” and the government’s “over-stimulation of the housing market” as role-players, adding that “IndyMac and most home lenders were not ‘greedy and stupid.’”"

As for bigoted, I hate the Mets. Any day that wagner blows a save is a good day.

Is it just me or does Michael Klein have every listing in town??

it was recently in the news that DARPA was playing with a laser system that can cause you to hear voices since at least the early 80′s….. All of those claims of “CIA in my head” arent so crazy anymore eh?

http://blog.wired.com/defense/2008/02/report-nonletha.html

look into DARPA then, they play with all of the way out idea’s and concepts. they figure a 90% failure rate is worth the 10% pay off of next gen physics and tech. Most things are classified once DARPA funds them though, so they drop off the radar.
DARPA is the group that created the internet, although they were called ARPA then.

I want to believe…

I hear the demand for margin clerks on WS is quite strong.

However, margin clerking is stressful and doesn’t pay very much. I think the money and excitement are much better in repossessing cars.

regarding blacklight energy:

Nasa has done experiments based on some wilder physiscs ideas that showed real results. The problem is/was that modern physics cannot fully explain the results and the inventors physics conflicts with what is currently accepted.
WHile DARPA may continue to play with some of this stuff NASA tends to drop it, on the basis that if they cannot explain how it works, then it doesnt help them.
Although last i heard there were 1 or 2 researchers playing with some physics that deal with reducing the force of gravity (what would popularly be called anti-gravity). Apparently some russian physicist was able to show results and caught nasa’s attention.