Previous | Next :: Storm Taxis : 23rd St and 8th Av : NYC | November 20, 2008, 2:32 am

I have a friend who is stressing like mad about all the sliding stock markets and the DOW numbers in particular....... her money in shares is getting killed...... and she can't decide whether to buy an apartment in NYC with what remains ...... obviously they are relatively cheaper than when she started looking a year ago........ but maybe they are about to get seriously cheaper? I'm British I can't help it.... I think all property is always a good bet....... we have the expression....... 'As safe as houses' ....... meaning you can't lose in property...... clearly thats not true...... just ask people in Florida ........ but I can't help feeling at least if you own something that you like.... you are doing OK..... you live there without paying rent...... and you have a reasonable chance if you live there for a while that it will also be an investment.......... I am a bit casual normally when Im getting somewhere to live...... either buying or renting..... I see about three or four places in a few days then go for it........ I have a low tolerance of that kind of thing........ its great for my realtor/estate agents........ sure I've probably made some pretty bad decisions but I am casual enough not to stress to much........ and anyway the DOW is below 8000 today I can't help feeling you might be losing right now in property........ but probably not at the same rate as you are if you put that same money in shares !!

Here is the taxi method of getting through stormy weather......... keep on keepin on......... drive like nothing has changed...... again it may not be that wise ........ but they mostly appear to get away with it.

Cheers Jez XX