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05-06-2009, 12:22 PM
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Member
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Join Date: Mar 2009
24 posts, read 13,128 times
Reputation: 11
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LI down 23% in home value in 2009?
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05-06-2009, 01:18 PM
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Senior Member
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Join Date: Apr 2009
413 posts, read 143,243 times
Reputation: 19
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It does not mention anything about NJ/Westchester ?!
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05-06-2009, 03:08 PM
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Senior Member
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Join Date: Apr 2009
626 posts, read 215,392 times
Reputation: 83
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With just a few exceptions, the "Markets" forecast to decrease the most were the same that increased the most during the boom. It's matter of basic math and common sense, IMO.
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05-06-2009, 03:19 PM
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Real Estate Agent
Status:
"Leaves, too many leaves..."
(set 27 days ago)
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Join Date: Jul 2008
Location: Huntington
1,932 posts, read 875,091 times
Reputation: 454
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Quote:
Originally Posted by scottzilla
With just a few exceptions, the "Markets" forecast to decrease the most were the same that increased the most during the boom. It's matter of basic math and common sense, IMO.
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One thing to remember here, is that this is a FORECAST--not all forecasts become reality. |
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05-06-2009, 04:22 PM
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Senior Member
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Join Date: Apr 2007
1,357 posts, read 1,091,673 times
Reputation: 145
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Hey look, Richmond and LI on the same list! 
What's the Island's unemployment rate? Any employers going under? |
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05-06-2009, 04:55 PM
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Senior Member
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Join Date: Dec 2008
Location: Back in New York
1,106 posts, read 580,006 times
Reputation: 607
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A perfect storm happened. Young ppl have been fleeing the Island for a while now due to cost of living, weather or whatever else and now you have the economy in the sewer and the Island continues to be way too expensive, in fact everything is still going up but ppls salaries.
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05-06-2009, 05:11 PM
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Senior Member
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Join Date: Feb 2007
Location: Northwestern Michigan
572 posts, read 344,348 times
Reputation: 168
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Quote:
Originally Posted by CleanCutHippie
A perfect storm happened. Young ppl have been fleeing the Island for a while now due to cost of living, weather or whatever else and now you have the economy in the sewer and the Island continues to be way too expensive, in fact everything is still going up but ppls salaries.
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That's why we left 5 years ago. The longer we would've stayed, the lower our standard of living would become |
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05-06-2009, 05:30 PM
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Member
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Join Date: Jan 2009
85 posts, read 37,162 times
Reputation: 27
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I have heard that new york/long island has not really seen the worst of it yet (compared to the rest of the country), as it takes a lot longer to foreclose here.
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05-06-2009, 05:34 PM
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Junior Member
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Join Date: Nov 2008
9 posts, read 5,765 times
Reputation: 12
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I am trying to refinance and my home value dropped by 10%.
It is causing big problems in refincance process.
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05-06-2009, 05:59 PM
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Senior Member
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Join Date: Mar 2007
Location: Island of long
1,559 posts, read 1,006,652 times
Reputation: 177
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In the commercial cul de sac where the company I work for is located, there are 4 empty buildings with for sale or rent signs on them. The most vacancies Ive ever seen.
Tale of the times if you ask me.
Quote:
Originally Posted by ClarkStreetKid
Hey look, Richmond and LI on the same list!
What's the Island's unemployment rate? Any employers going under? |
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