Low offers on home

[SilverBulletZ06]

Originally Posted by mcmsinger

Expect a huge crash soon. 95% value will be ripped off.

I want homeowners to be literally thrown off the street while I watch them cry and scream. hahahahah

GET OUT!

Some of these parasites have been living in their homes for over 2 years without a single payment. They need to be physically thrown out...

Woah... easy there Tex. Maybe a 25-30% drop off current pricing. No way 95% unless we have a 10-25 year depression/recession.

[Pequaman]

Originally Posted by jasminescent

Many houses on LI are overpriced today anyway. 50-year-old, 3br/2ba, 2200 sqft ranch in a good school district for 4-500k? Plus another 10k/yr for property taxes. For those who bought pre-2000, consider yourselves lucky because you can still get a chunk of profit to put in the bank when you sell. For those who bought during the boom years or even now, how much do you think that old ranch will appreciate in 10, 20, or 30 years?

It's all about the land man...the dirt the house is built on it 75% of the value, period.

Why do you think these brand new houses sell for $750k in above average/middle-class areas? When we all know they cost about half that or less than half to build them. Also, a "good" area is getting harder and harder to find on LI.

[sallywed1]

new york city is the biggest city in the world. long island is its suberb. do you expect property values to be the same, or even close to iowa, idaho, carolinas, or anywhere else?