NYC real estate market still demands $12,000 for a DUMP!
1
Be part of the movement!
Welcome to the community for those who value free speech, evidence and civil discourse.Create your free account
4 comments
Feel free to reply to any comment by clicking the "Reply" button.Fixed costs are so high in NY, the owners, are trying to just keep up with those. If some take the hit, it will be everybody, and a real Bad time will be had by all in The City-that-never-sleeps.
Machiavelliwar
Level 7
Aug 28, 2020
1
Wait or get a short term lease. Market forces will drive prices down. Fight for a lower price.
Dmad-1
Level 3
Aug 28, 2020
1
I'm sure the prices will go down, and soon. I'm not sure when they will go back up again. As long as corrupt officials and crime makes NYC their home, its hard to imagine things will get better anytime soon. DeBlasio seems to be keen on doing stuff like in that episode of The Sopranos. Where they get cheap prices on the houses by getting crackheads in and later buy them cheaply. Kind of like DeBlasio thing, with bringing junkies into hotels in NYC.
The Sopranos 4.07 - "You take the phony appraisals to HUD"
"Tony, Ralphie and Assemblyman Zellman team up with a corrupt black community leader to defraud HUD. The stooge buys a couple of rundown crack houses at market value of of about $100K. A corrupt appraiser reappraised the houses at $300K each, and the community leader applies for HUD support to convert the houses to low-cost worker's housing, with the strong support of the Assemblyman. The banks are happy to make the loans, which are insured by HUD, and they walk away with $1.2 million from the loan. Then the community leader is supposed to say that they had unforseen difficulties, they can't make the loan terms, and everyone walks away from the houses."
Some flavor of that is probably common now in DeBlasio's NYC.
it is called greed and the artificial inflation of property prices for the benefit of banks and the greedy.
M_MarinoDC
Level 7
Aug 28, 2020
1
It's all relative.... $12,000 wouldn't get you anything in Sydney.
Lightman
Level 8
Aug 28, 2020
0
Maybe so, but this is not relative, its very contextual. Current day NYC is not Sydney and speaking of Australian real estate, its outrageously high for a long time.
@Lightman I have relatives in Australia, (Melborne and Wodonga). They always tell me horror stories of prices in Australia. When they come to Croatia they feel they are billionaires. lol But they don't have a standard of living much better than here. So its crazy. Australians should just make some money Down Under and move to some country where they can take advantage of the money they made.
@Krunoslav If the rich of China no longer hid their wealth in Sydney, Prices would fall. That would not help Sydney, as a whole lot of businesses would go bankrupt. But, rents and house prices would go down.
Recent Visitors 14
Machiavelliwar
Bagdad By The Bay,
Baker_M
Australia
Lightman
Australia
Rosary_Trace
Atlanta,
Krunoslav
Croatia
Photos 11,814 More
Posted by JohnHoukTrump Election Invincibility IF Changes mRNA Stand SUMMARY: JUST TO BE CLEAR! I AM VOTING FOR THE POLITICALLY PERSECUTED President Donald Trump on Election Day 2024.
Posted by JohnHoukA Woke Jesus?
Posted by JohnHoukAn Intro to Ed Decker May E-Newsletter & Hamas & Decker Thoughts SUMMARY: Ed Decker (born 1935) is an ex-Mormon with an evangelistic agenda to expose the errors inherent in Mormonism.
Posted by JohnHoukWhen ACTUAL History is Forgotten, Antisemitism Resurges SUMMARY: At age 67, I remember younger days watching old WWII movies and Documentaries showing the atrocities Jews went through via The Final...
Posted by FocusOn1The founder of israel, david ben gurion, an atheist communist, admired lenin
Posted by JohnHoukDO NOT Allow Medical Tyranny to Continue – Refresher Videos Pt.
Posted by JohnHoukAn Intro to Dr.
Posted by JohnHoukDO NOT Allow Medical Tyranny to Continue – Refresher Videos Pt.
Posted by Weltansicht....and oppossums eat all the ticks....
Posted by JohnHoukAmerican Intel Spies & Withholds Info from Trump! WAKE UP AMERICANS! SUMMARY: Americans who still support The Democratic Party (which should be re-labeled Dem-Marxist Party) are supporting spying ...
Posted by FocusOn1Clown world: when people cant figure their shit out, they run to a woman who says she doesnt know what a woman is and wears a black robe for guidance.
Posted by Sensrhim4hizvewzHow quickly it all turned.
Posted by Sensrhim4hizvewzMuh Diversity...
Posted by JohnHoukAn Intro to THE EXPOSÉ Look at Occult Influence on Elitists SUMMARY: THE EXPOSÉ has delved into a Substack post by Elizabeth Nickson … I am unsure if THE EXPOSÉ had this in mind, but my take ...
Posted by FocusOn1An0maly on facebook.... Communists violating the first amendment in america
Posted by JohnHoukAntisemitism Idiocy Summary: I have not seen the coverage of college campus protests supporting the Hamas butchers as Israel has entered Gaza to punish pseudo-Palestinians for the 10/7/23 genocide ...