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While I woke up this morning, My Kortana virtual assistant sent me news article about foreclosure in NYC. But interesting is that its a foreclosure located on Billionaires Row. This is the 2nd Foreclosure in one57. Do you guys think that more of these foreclosure will happen in these ritzy multi million dollar condos that has popped up all over NYC and parts of Brooklyn and Queens due to Bloomberg era of build and attract the wealthy here? Or this foreclosure is the beginning of the bubble that will begin to rip through NYC, but other cities that attract global elite such as Miami, LA, San Francisco. Overall this article is very interesting. I wonder if developers will lower prices for such condo apartments?
There is quite the gap in reality between Billionaires' Row and Brooklyn and Queens peoples. Its got a ways to trickle down yet. Shell companies. Shows more weakness about the economies of Asia, the Middle East, Europe and South America than ours domestically.
There is quite the gap in reality between Billionaires' Row and Brooklyn and Queens peoples. Its got a ways to trickle down yet. Shell companies. Shows more weakness about the economies of Asia, the Middle East, Europe and South America than ours domestically.
I can't say middle east, but if anything Russia is been hit hard economically thanks to recent poltical riffs we have had with them. We also have to look at Brazil with its drop in credit rating. Overall if anything in due time. I can see a trickle down or domino effect if any.
All markets go in cycles of up and down. They always have and always will. The problem is, you never know when cycles will change. Those who claim they know are scam artists and those who actually get it right were simply lucky.
I can't say middle east, but if anything Russia is been hit hard economically thanks to recent poltical riffs we have had with them. We also have to look at Brazil with its drop in credit rating. Overall if anything in due time. I can see a trickle down or domino effect if any.
The Middle East is affected by similar issues as that of Russia. Asia has been on a rough ride, and Europe doesn't have the growth to support its liabilities. Forget about South America, some parts can't even feed their populations.
I was shopping in Queens Center yesterday, and in these post-Trump election times, the immigrant economy appears to be flourishing. Every store had long lines. All while there has been an uptick in foreclosures by the political elite that are hiding their names behind shell companies.
I can't say middle east, but if anything Russia is been hit hard economically thanks to recent poltical riffs we have had with them. We also have to look at Brazil with its drop in credit rating. Overall if anything in due time. I can see a trickle down or domino effect if any.
Russia's even harder hit with the slump in oil prices and the continuing brain drain they have of very technically proficient and skilled workers moving out. I have Russian and Belarussian friends and co-workers and apparently every system and service there is run as a massive kleptocracy that makes corruption in the US look quaint.
The former is really what's doing it though. It's too we didn't go full getout on renewables early on, because a lot of pretty antagonistic countries including questionable allies become paper tigers without those vast sums of oil money.
Last edited by OyCrumbler; 06-26-2017 at 09:31 AM..
While I woke up this morning, My Kortana virtual assistant sent me news article about foreclosure in NYC. But interesting is that its a foreclosure located on Billionaires Row. This is the 2nd Foreclosure in one57. Do you guys think that more of these foreclosure will happen in these ritzy multi million dollar condos that has popped up all over NYC and parts of Brooklyn and Queens due to Bloomberg era of build and attract the wealthy here? Or this foreclosure is the beginning of the bubble that will begin to rip through NYC, but other cities that attract global elite such as Miami, LA, San Francisco. Overall this article is very interesting. I wonder if developers will lower prices for such condo apartments?
Bank was stupid, but then if Kolawole “Kola” Aluko was just another brother from the hood he wouldn't have gotten that huge mortgage basically on his own say so to begin.
All markets go in cycles of up and down. They always have and always will. The problem is, you never know when cycles will change. Those who claim they know are scam artists and those who actually get it right were simply lucky.
With the exception of Dr. Michael Burry who had done extensive research and got it right on the last bubble. Neither a scam artist nor got it lucky. Just researched it and saw it for what it was and when it would occur. He's still saying we didn't learn from the lessons of the last crash. Nor have we held the people responsible for it accountable and so they're doing the same things as last time and we're making the same mistakes again.
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Trump was saying he'd drain the swamp and hold people accountable, but he's just more of the same old dumb cra p. Lining his pockets with billionaires. Doing the money talks and bs walks business, lieing to the American people like a professional politician, tweeting the Presidency like a reality TV show for distraction. Proving even a businessman can run a country like a career politician.
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