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It seems like home prices have really increased over the last few years and especially the last few months in Nassau county. I personally think it's because people are trying to buy before interest rates go up. But once interest rates start going up coupled with the fact that its much harder to get a loan these days, people aren't going to buying as much and prices will start to fall again. possible crash ahead in real estate?
What is everyone's opinion, prediction for what the future of Nassau real estate holds?
If you were thinking of buying, would you wait it out?
Prices will increase and inventory will be flying off the streets.
Until I put the sign on my lawn. The next day the market will crash and burn in a fiery, bloody, explosive flare of brimstone not seen since biblical times.
It's inevitable. Our country is deeply in debt, and our national economy is being propped-up with duct tape and baling wire. Every time they try to temporarily stop the hemorrhaging, it only makes it that much worse when the next down-turn comes. Consumers are deeply in debt; to say that the middle-class is shrinking is the understatement of the century; wages are falling; the REAL unemployment rate is very high; our country is continually engaged in wars; we are starting to see mass social unrest...
And prospects are even worse locally, in the NYC metro area, because the places which experience the biggest bubbles, are the places which also experience the hardest crashes. Business is being driven out of NY at a break-neck speed. Political spending and corruption just keep on increasing; the infrastructure is old and falling apart- and the politicians realize that they must bring in a steady flow of immigrants- legal or not, to counteract the fact that there is a mass exodus from NY of the working and middle class. And while those immigrants are content to live several families to a single-family house, and endure conditions that made the rest of us flee NY, it still remains that there are fewer and fewer jobs- even at the lower end of the spectrum, and these people are sucking up even more resources, and diluting traditional communities, so that long-established Americans have even more of an incentive to leave.
In short, the prices HAVE to fall in places like LI, because there simply will not be enough people left who can afford such expensive houses and high taxes (or who want to pay such prices even if they can, for what has become a declining quality of life).
On LI RIGHT NOW, you are seeing the top of the market. It's going to be heading south SOON, and big-time!
we have been hearing that about parts of nyc and the boroughs for years and years . ever since ny real estate crashed in 1987 after the stock markets crash and rebounded years later we have been hearing how prices have to come down and are unsustainable . .
If you are in a position to buy now then pull the trigger. Interest rates are at a all time low. If they do go up the houses will stay where they are and you will pay more in the end.
And don't mind miserable Joe he lives in the backwoods and is clueless on the metro area.
we have been hearing that about parts of nyc and the boroughs for years and years . ever since ny real estate crashed in 1987 after the stock markets crash and rebounded years later we have been hearing how prices have to come down and are unsustainable . .
Yep, yet Mumbly Joe blabs on and on predicting the apocalypse year after year so he live his dream, grab his AR from his trailer and play mountain man in the woods while society collapses around him. Lol!
On LI RIGHT NOW, you are seeing the top of the market. It's going to be heading south SOON, and big-time!
The LI we knew is long gone.
The America we know is going away.
Whatever Mumbly. Admit it. It's driving you nuts that people here are STILL making a ton of their housing and people are still buying up homes at a fast clip, I'm sure the LI housing market has rebounded much faster than you ever predicted (although you will never admit it) since 2008 much to your eternal dismay I'm sure. Despite all the negativity you spew every day, people still Purchase houses here all the time and they pay 100s of thousands to do so.
Last edited by peconic117; 06-07-2016 at 05:22 PM..
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