Home Prices Keep Climbing...

[martinx]

Originally Posted by markjames68

Anything less than an hour commute from NYC is doing well. Once you get out to 110 it is slightly lower than in 2007. East of 111 it is still generally 10-20% lower than 2007 (Hamptons excluded).

The NYC job market continues to fuel house prices while the LI high-income job market seems to be continuing a decline. Lots of burger joints and nail salons opening up, not so much by way of high tech and specialized manufacturing.

Actually medical monopolies such as Northwell are growing.

[markjames68]

Originally Posted by martinx

Actually medical monopolies such as Northwell are growing.

Sure, they are buying up practices and then shedding employees while benefiting from volume purchase pricing agreements.

[ovi8]

Originally Posted by markjames68

Sure, they are buying up practices and then shedding employees while benefiting from volume purchase pricing agreements.

Are they not hiring themselves even if removing older/established employees?

[Quick Commenter]

Things seem to be going fairly well economically here on LI right not. Housing market is just one example. Of course there are exceptions to this and to all generalities in life.

And of course there are those who see unshakeable doom and gloom if not here and now than certainly right around the corner. Sometimes because of the particular to universal logical fallacy. But sometimes for a whole host of other tightly clung and occasionally blended economic/social/psychological stats and theories.