Wall Street Manna

An irreverent look at Wall Street

Wednesday, June 30, 2010

New York wants to ban homeowners from renting their home for less than a month

New York State senators are about to vote on a bill that would ban homeowners or renters from renting out their places for periods of less than a month.

The new law, should it pass (it's being fast-tracked, so opposition is finding it difficult to catch up), is a blow for the budget traveler and a boon for the high-priced hotel-and-convention industry, which will of course be eager to host the refugees from the short-term apartment rental business.

The new law, says BudgetTravel.com, would be a blanket ban on the estimated 3,000 transient units available right now. It would no longer matter whether the rental went through a vacation-focused broker such as City Sonnet or NY Habitat, or through casual channels such as an ad on Craigslist


At June 30, 2010 at 4:41 PM , Anonymous Anonymous said...

are we going through some kind of correction or are we heading down from here...MGM in the 9s now...

At June 30, 2010 at 4:48 PM , Anonymous Anonymous said...

"Lions Gate in Talks with MGM" and I wonder how this will affect MGM price? I bought those at $13 and wonder if I should hold or sell.

At June 30, 2010 at 6:54 PM , Anonymous Anonymous said...

Palmoni, is correction over? Are Roubini and Meredith and Rosie idiots that know nothing but you a stock genious? Say something you old fart

At June 30, 2010 at 7:44 PM , Anonymous Anonymous said...

You will do an MGOL post, correct?

At June 30, 2010 at 8:15 PM , Anonymous Anonymous said...

Anon @ 6:54pm - why you repeat the same post again and again? Even if you are deeply upset with Palmoni, would you please spare other visitors to this blog?

At June 30, 2010 at 8:21 PM , Anonymous Anonymous said...

Hey Palmoni,

I've spoken with some of the International holders and they told me that those holding MGOL will be fine and taken care of. They even mentioned a large investor in Canada and a listing on the Toronto stock exchange. I know the International holders told their friends and families about MGOL so how can they leave them out to dry? Can they treat those people differently from the rest?

Wasn't a small portion of the assets from International already merged into MGOL? Why not just have these properties stand alone and why did it matter having the rest of International be merged into the shell?

I'm just looking for answers and clarification. Thanks.

At June 30, 2010 at 8:30 PM , Blogger Settembrini said...

Anon at 6:54--Roubini was on Kudlow yesterday and he said he does NOT expect the USA to go into double dip recession but expects growth to be slow at 1.5%, which he called dismal--

and yes Pal can know more--if u listened to those 3 u mentioned last summer and got spooked u would have missed the rally. Pal, didn't. so tell me how the f--k do u know everything? It seems you're the 'stock genius'. So, please call the bottom--DOW 5000? what's it gonna be? --tell me, I need to know. So u don't think I should buy X now?

At July 1, 2010 at 4:30 AM , Anonymous Anonymous said...

Up or down?

At July 1, 2010 at 7:19 AM , Anonymous Anonymous said...

the correction is just starting guys.....u heard here NYC

At July 1, 2010 at 10:59 AM , Anonymous Anonymous said...

Settemb - i already said you are an idiot in prev posts so i do not have any more arguments to throw your way.

At July 1, 2010 at 9:10 PM , Anonymous Anonymous said...

What the hell kind of communist law is that??? Clearly it was sponsored by the hotel industry. You've just gotta shake your head in disbelief. So much for "free country".

At July 1, 2010 at 9:39 PM , Anonymous Anonymous said...

Trading buy Pal?

At July 1, 2010 at 10:38 PM , Anonymous Anonymous said...

Does anyone know why there are such weird options available for GLD (dated for July 2, etc.) ?? Thanks.

At July 2, 2010 at 1:31 PM , Anonymous Anonymous said...

Palmoni, why is the market falling?

At July 2, 2010 at 2:15 PM , Anonymous Anonymous said...

Palmoni, is correction over? Are Roubini and Meredith and Rosie idiots that know nothing but you a stock genious?

At July 3, 2010 at 9:24 AM , Anonymous Anonymous said...

was someone calling for 1400 on the s&p by july? funny how soon as this blogger gets spanked on a bunch of his calls we and he doesnt see this drop coming he stops posting. cmon now and man up

At July 3, 2010 at 3:17 PM , Blogger whydibuy said...

Thats exactly it, anon 9:24

This Palmoni has been obnoxious over a short term run of luck with a few recent calls.

Now, with reality rearing its ugly head and stocks sinking like a stone, he whines like a little girl about those nasty posters calling him out on his permabull calls going back to '07 and his nastiness to bears caught in a short term counter rally.

I didn't see any compassion for Meridith Whitney when the quotations for banks went against her for 8-10 months.
No, she was porky pig then.

Lets just see if P has the balls to man up and say, yes, she was/is right about her analysis of bad banks and housing sinking more.

Same for Rosie and El Erian calling this bounce a sugar high.

At July 3, 2010 at 7:01 PM , Anonymous Anonymous said...

She's still a porky pig and we're going higher.

At July 3, 2010 at 10:00 PM , Anonymous Anonymous said...

Palmoni sucks wind

At July 3, 2010 at 11:28 PM , Anonymous Anonymous said...

Well we are going higher, much higher. Palmoni was just wrong on this current correction that's all. But first I predict lower for a couple of months, just like I've been warning for long time now.

At July 4, 2010 at 9:17 AM , Anonymous Anonymous said...

palmoni gets spanked on his latest calls and runs home to momma to get some more money. man up son, dow 7500 is just a few months away

At July 4, 2010 at 12:16 PM , Anonymous Anonymous said...

whitney was trading like a bull (or so she says) and talking bear. she was a liar and cost many people chances at making money. Pali has been wrong a few times on his own blog that people have to follow for free. unless market gurus like whitney have to apologize or at least admit being wrong on their calls for months, no one owes you or anyone else anything. change your panty liner and get over it.

At July 4, 2010 at 5:55 PM , Anonymous Anonymous said...

wrong few times? mu-ha-ha-ha.

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