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Old 08-17-2018, 10:25 AM
 
134 posts, read 57,345 times
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IMHO, the recent price gains in Queens (and increase in school rankings too, to a large extent) are driven by the influx of Asian immigrants (who are attracted to the Flushing infrastructure) and people who have been priced out of Manhattan/Brooklyn. When I put my Queens home up for sale, 8 out of 10 people who showed up were foreign born Asians and the remaining folks were transplants from other city boroughs. I ended up selling to a Taiwanese investor who paid cash.
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Old 08-17-2018, 10:31 AM
 
1,005 posts, read 623,729 times
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so? Asians will improve the schools, increase the property values, and bring more cash to the community. why is it a negative thing?
Quote:
Originally Posted by ironlex View Post
IMHO, the recent price gains in Queens (and increase in school rankings too, to a large extent) are driven by the influx of Asian immigrants (who are attracted to the Flushing infrastructure) and people who have been priced out of Manhattan/Brooklyn. When I put my Queens home up for sale, 8 out of 10 people who showed up were foreign born Asians and the remaining folks were transplants from other city boroughs. I ended up selling to a Taiwanese investor who paid cash.
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Old 08-17-2018, 10:48 AM
 
134 posts, read 57,345 times
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Quote:
Originally Posted by gen2010 View Post
so? Asians will improve the schools, increase the property values, and bring more cash to the community. why is it a negative thing?
Who said it was negative?
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Old 08-17-2018, 11:01 AM
 
58 posts, read 128,707 times
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Quote:
Originally Posted by gen2010 View Post
Look at the pathetic price trend for Westchester, Northern Jersey compared to NYC, especially Queens. Price nevers recovers to reach the pre-crisis level in Westchester. But it more than doubled in Queens

The property tax has remained the same over the past few years in NYC, even after the value exploded. But westchester tax has increased substantially when the price stagnates.

for
Median housing prices in Westchester increased 6% in the last year. (https://westfaironline.com/104862/sa...ousing-market/ )


What's pathetic is not the Westchester housing market, but rather your repeated false statements that Westchester housing prices are falling (they're not), and your bizarre claim that the LIRR is "better" than Metro-North.
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Old 08-17-2018, 11:46 AM
 
1,183 posts, read 340,056 times
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Quote:
Originally Posted by wm90 View Post
Median housing prices in Westchester increased 6% in the last year. (https://westfaironline.com/104862/sa...ousing-market/ )


What's pathetic is not the Westchester housing market, but rather your repeated false statements that Westchester housing prices are falling (they're not), and your bizarre claim that the LIRR is "better" than Metro-North.


Westchester as a whole has exceeded pre-crash levels, and Lower Westchester (and separately White Plains ) - ie the parts to compare with Queens, shows continual growth far exceeding it! The guy doesn't even know how to locate good differential data, let alone understand it!
Ignore him - he's trolling I finally figured
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Old 08-17-2018, 11:46 AM
 
1,005 posts, read 623,729 times
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you rather believe the report by realtors than the report from bloomberg

Quote:
Originally Posted by wm90 View Post
Median housing prices in Westchester increased 6% in the last year. (https://westfaironline.com/104862/sa...ousing-market/ )


What's pathetic is not the Westchester housing market, but rather your repeated false statements that Westchester housing prices are falling (they're not), and your bizarre claim that the LIRR is "better" than Metro-North.
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Old 08-17-2018, 11:53 AM
 
1,005 posts, read 623,729 times
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Elliman Report: Westchester Sales 2Q 2018
Westchester County continued to see rising prices along with falling sales. The median sales price rose 5% to $525,000 from the prior year quarter to the highest second quarter since 2007 and the fifth consecutive year over year increase. The current median price remains well short of the pre-financial crisis record set in the third quarter of 2007 of $566,880. Average sales price rose 0.2% to $676,528 from the year-ago quarter. Although the number…
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Old 08-17-2018, 11:54 AM
 
1,005 posts, read 623,729 times
Reputation: 283
Elliman Report: Westchester Sales 2Q 2018
Westchester County continued to see rising prices along with falling sales. The median sales price rose 5% to $525,000 from the prior year quarter to the highest second quarter since 2007 and the fifth consecutive year over year increase. The current median price remains well short of the pre-financial crisis record set in the third quarter of 2007 of $566,880. Average sales price rose 0.2% to $676,528 from the year-ago quarter. Although the number…[/quote]

Quote:
Originally Posted by Chint View Post
Westchester as a whole has exceeded pre-crash levels, and Lower Westchester (and separately White Plains ) - ie the parts to compare with Queens, shows continual growth far exceeding it! The guy doesn't even know how to locate good differential data, let alone understand it!
Ignore him - he's trolling I finally figured
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Old 08-17-2018, 11:55 AM
 
1,005 posts, read 623,729 times
Reputation: 283
you are simply ignorant

Quote:
Originally Posted by Chint View Post
Westchester as a whole has exceeded pre-crash levels, and Lower Westchester (and separately White Plains ) - ie the parts to compare with Queens, shows continual growth far exceeding it! The guy doesn't even know how to locate good differential data, let alone understand it!
Ignore him - he's trolling I finally figured
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Old 08-17-2018, 01:08 PM
 
1,183 posts, read 340,056 times
Reputation: 3193
Quote:
Originally Posted by gen2010 View Post
Elliman Report: Westchester Sales 2Q 2018
Westchester County continued to see rising prices along with falling sales. The median sales price rose 5% to $525,000 from the prior year quarter to the highest second quarter since 2007 and the fifth consecutive year over year increase. The current median price remains well short of the pre-financial crisis record set in the third quarter of 2007 of $566,880. Average sales price rose 0.2% to $676,528 from the year-ago quarter. Although the number…
[/quote]

Median vs average - and lower Westchester vs Westchester as a whole (honestly you are gonna compare queens with North Salem? ok, seems comparable equation)


You have shown your ignorance through multiple statements regarding LIRR vs MNRR, what "commuting" means, average vs median prices. Carry on digging that hole. Look up dunning kruger while you're at it.
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