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Might as well throw a stop in Queens so they can connect to LGA. Would also be nice to take a train between Queens and the Bronx without having to go through Manhattan.
The Queens stop is ultimately planned for a future phase that would also take the Amtrak tracks on the West side of Manhattan and turn them into a west side Metro North route into Penn Station with new stations at 125th Street and 72nd Street. This would get funded in the next capital budget.
Buying a coop/condo there along those lines will be a god investment if you can time the MTA finishing this project.
Maybe 2022 or maybe 2042. There's no doubt values will increase but how long is the wait?
If the project stretches past 5 years then you're looking at long term cyclical and secular economic risks. NYC has been in a property boom for 20+ years. Sooner or later it will end; reversion to the mean.
They might finish those stops but if NYC and the US is in a downturn in 2030, the investment will be a loser.
Property values in the outer boroughs will be the first to get hit in a major downturn.
Buying a coop/condo there along those lines will be a god investment if you can time the MTA finishing this project.
Maybe 2022 or maybe 2042. There's no doubt values will increase but how long is the wait?
If the project stretches past 5 years then you're looking at long term cyclical and secular economic risks. NYC has been in a property boom for 20+ years. Sooner or later it will end; reversion to the mean.
They might finish those stops but if NYC and the US is in a downturn in 2030, the investment will be a loser.
Property values in the outer boroughs will be the first to get hit in a major downturn.
Property is generally a long term family investment.
Property is generally a long term family investment.
Property was never an investment. It's more like a store of value over the long term.
Nationwide, property values have tracked the rate of inflation since data has been recorded. This doesn't mean there aren't good investment opportunities in the short term but that over the long term, the vast majority of property in the US simply tracks the rate of inflation. Thus, property becomes a store of value.
EVERY SINGLE MEMBER OF THIS FORUM WILL BE DEAD FOR A MINIMUM OF 25 YEARS BEFORE THIS HAPPENS.
Don't worry about it, it won't impact your life.
Hell's Gate is literally falling down. It will take 20 years just to re-fit (w/ crappy chinese steel).
Speak for yourself; and even then only if you've a future suicide date set should you be alive in 25 years.
Given average life expectancies anyone participating in this forum who is middle aged can expect to live beyond 25 years from today's date. For those whom aren't even in their 30's the matter is moot.
So unless you've got some sort of inside track courtesy of the Twilight Zone; shouldn't go around making such predictions.
The stop for Morris park will be right behind the Chase Bank and McDonald's on Eastchester Road. If you look overhead from a satellite view, looks like they can easily put stairs that lead right into the Waters Place Metro center.
For Co-Op City, the station will have to be in section 5
For Parkchester they are looking at placing it on E Tremont and Unionport Road
And here is Hunts Point
Last edited by Werdywerd; 05-28-2016 at 05:08 PM..
Might as well throw a stop in Queens so they can connect to LGA. Would also be nice to take a train between Queens and the Bronx without having to go through Manhattan.
The Plan only involves 4 Bronx stops and 2 new Manhattan stops. See the photo, follow the yellow line, that would be the new route
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