Posts Tagged ‘ms’Keepin’ It Real Estate: Rich Get Stuck in Subprime SlimeBy ANDREW JEFFERY This post first appeared on Minyanville. From expansive estates in the Hamptons to mansions on the Malibu cliffs, the rich are watching their vast real-estate wealth evaporate before their eyes. Perhaps no market epitomizes the ultimate surrender of high-end real estate than the island of Manhattan, where housing prices had held relatively stable [...] Keepin’ It Real Estate: Housing Crash to Reach NYCBy ANDREW JEFFERY This post first appeared on Minyanville. Constrained supply, continuous demand and wealth beyond imagining: There’s a reason New York City real estate is the most expensive in the country. Easy lending, a weak dollar and gobs of Wall Street money pushed already sky-high Manhattan property values into the stratosphere during the housing boom. [...] Morgan Stanley Latest Band-Aid Over Fannie, Freddie’s Bullet HoleThis post first appeared on Minyanville and our sister site Dawn Patrol. It looks like all those short-sellers might have been on to something. Freddie Mac (FRE), the beleaguered mortgage giant that was just weeks ago on the brink of collapse, released second quarter results this morning that were nothing short of abysmal. Along with [...] |