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Old 02-25-2021, 09:51 AM
 
2,589 posts, read 1,839,282 times
Reputation: 3403

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No more rubber stamped mortgages after 2009. Notice Route 110 in Melville. Notice the decimated mortgage industry that never returned. We were ground zero for weak lending scrutiny and upside down mortgages. Ya know "affluent" LI is actually "leveraged up the wazoo with debt" LI. Fortunately flippers snatch up the short sales and flip them quick to city folk looking to escape. COVID just put the process on 'roids and bumped up the price ranges.
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Old 02-25-2021, 09:57 AM
 
822 posts, read 790,302 times
Reputation: 938
Quote:
Originally Posted by Punkster55 View Post
no one gives a crap. trust me. there's people here online that don't know how dumb the average joe is in NY. People flocking from NYC won't care if there are slaves living on the second floor.

I'd understand your concern if you lived in a normal part of the country, but this is a circus and that's how people approach it when buying and selling.
Take all of this user's advice with a grain of salt.

Last edited by Dabaomb; 02-25-2021 at 10:10 AM..
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Old 02-25-2021, 11:09 AM
 
4,702 posts, read 8,795,322 times
Reputation: 3097
Quote:
Originally Posted by monstermagnet View Post
No more rubber stamped mortgages after 2009. Notice Route 110 in Melville. Notice the decimated mortgage industry that never returned. We were ground zero for weak lending scrutiny and upside down mortgages. Ya know "affluent" LI is actually "leveraged up the wazoo with debt" LI. Fortunately flippers snatch up the short sales and flip them quick to city folk looking to escape. COVID just put the process on 'roids and bumped up the price ranges.
in many cases, it was the same crooks from the stock broker boiler rooms (there were a ton of them on LI) that got in on it. After a bunch of them had been kicked out of that businesses by the SEC... they moved onto mortgages.
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Old 02-25-2021, 11:58 AM
 
2,589 posts, read 1,839,282 times
Reputation: 3403
Quote:
Originally Posted by S.I.B. View Post
in many cases, it was the same crooks from the stock broker boiler rooms (there were a ton of them on LI) that got in on it. After a bunch of them had been kicked out of that businesses by the SEC... they moved onto mortgages.
Doesn't surprise me at all. Sharks gotta eat, too. lol
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Old 02-25-2021, 12:00 PM
 
Location: Former LI'er Now Rehoboth Beach, DE
13,069 posts, read 18,263,872 times
Reputation: 14040
Quote:
Originally Posted by Punkster55 View Post
The house I bought had so many illegal things done with it and the bank just looked the other way when doing their inspection. If the banks nowadays looked at this kind of stuff, nobody would get their commission.
You do realize this statement is an indictment of your own naiveté, right? If memory serves me, you also thought you might consider doing your own roof because you didn't like the price.
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Old 02-25-2021, 12:00 PM
 
297 posts, read 198,539 times
Reputation: 227
Quote:
Originally Posted by Dabaomb View Post
Take all of this user's advice with a grain of salt.
And if you take this guys advice, you’ll get nowhere
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Old 02-25-2021, 03:10 PM
 
20,323 posts, read 21,119,346 times
Reputation: 17070
Long Islanders just keep Long Islanding.
It’s a vicious cycle.
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Old 02-26-2021, 12:05 PM
 
822 posts, read 790,302 times
Reputation: 938
Quote:
Originally Posted by Punkster55 View Post
And if you take this guys advice, you’ll get nowhere
yeah, doing things legally will get you nowhere in life

Your motto must be, "if you're not cheating, you're not trying"

Just curious, what previous user were you that was banned?
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Old 02-26-2021, 12:18 PM
 
297 posts, read 198,539 times
Reputation: 227
Quote:
Originally Posted by Dabaomb View Post
yeah, doing things legally will get you nowhere in life

Your motto must be, "if you're not cheating, you're not trying"

Just curious, what previous user were you that was banned?


If the 13 colonies thought the same way, we would be living in US of England. Scratch that, it's not legal to invade native american soil isn't it?

my goodness, you people lack any common sense and what's scary is you don't know how backwards that kind of thinking is.

If you are hungry, eat. You don't need a sign telling you how to live. Welcome to earth.
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Old 02-26-2021, 01:45 PM
 
822 posts, read 790,302 times
Reputation: 938
Quote:
Originally Posted by Punkster55 View Post
If the 13 colonies thought the same way, we would be living in US of England. Scratch that, it's not legal to invade native american soil isn't it?

my goodness, you people lack any common sense and what's scary is you don't know how backwards that kind of thinking is.

If you are hungry, eat. You don't need a sign telling you how to live. Welcome to earth.
Did you really compare your behavior to that of the people during the revolutionary war?

Yes, doing things illegally to your house is exactly like fighting for your freedom from another country
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