U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > New York City
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 02-01-2018, 07:24 PM
 
3,700 posts, read 3,403,144 times
Reputation: 2614

Advertisements

You wouldn't be allowed to live anywhere NEAR an equal London neighborhood that you do now. Be careful what you wish for.
Rate this post positively Reply With Quote Quick reply to this message

 
Old 02-01-2018, 07:25 PM
 
28,603 posts, read 41,303,234 times
Reputation: 12210
Quote:
Originally Posted by Aquarius37 View Post
You wouldn't be allowed to live anywhere NEAR an equal London neighborhood that you do now. Be careful what you wish for.
You ever been to London? I've been twice. Don't worry about me, I will find my way.
__________________
"The man who sleeps on the floor, can never fall out of bed." -Martin Lawrence

Forum TOS: //www.city-data.com/forumtos.html
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-01-2018, 07:27 PM
 
3,700 posts, read 3,403,144 times
Reputation: 2614
I wasn't talking to you. I was talking to everyone. but that's nice you got to travel. *shrug* google maps works for me to explore the world. You're not better because you brag about travelling, you just come across more deadbeat doing so.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-01-2018, 07:29 PM
 
Location: Earth
7,658 posts, read 5,180,713 times
Reputation: 5786
Quote:
Originally Posted by SeventhFloor View Post
I want London prices! Then that means we're really doing good

Does London have lottery apartments?

Now I need £5

Lot-try MoD
we don't have london infrastructure.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-02-2018, 04:49 AM
 
92,557 posts, read 90,192,600 times
Reputation: 67051
Quote:
Originally Posted by Aquarius37 View Post
thank god! every time they've raised the interest rate .25% in the last year my credit card bills kept going up!
credit cards , the prime rate and short term loans , adjustable mortgages are linked to fed action through short term rates .

investors control long term rates linked to bonds , fixed rate mortgages and long term loans .

the two move opposite more than they move together .

when the yield curve flattens and long term rates fall as low as short term rates that is not a good sign as once they invert recession is sure to follow .

greed ,fear and perception of future inflation by investors control the long end . fed action controls the short end .
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-02-2018, 04:56 AM
 
92,557 posts, read 90,192,600 times
Reputation: 67051
Quote:
Originally Posted by vision33r View Post
Fed Interest rates and price of fixed mortgage rates are not directly related. Anyone that works in the lending business knows that. Fed interest rate affects short term borrowing such as APR and business line of credit rates.

Still at ridiculous low rates hovering just around 4.13% for 30 year fixed.
the historical average for mortgages is 6-7% . in fact in 2007 we had the real estate bubble form at 6-% mortgages . that is quite higher than today . i was thrilled to get an 8-1/4% mortgage in 1987 and real estate in nyc was soaring before the stock market crash in 1987 .

so there is little link between the feds short term moves and mortgage and bond rates vs real estate prices . the 30 year mortgage seems to track closely with the 10 year treasury since usually within 10 years people tend to move in their earlier years and don't go full 30 year terms ..
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-02-2018, 05:52 AM
 
3,327 posts, read 3,954,422 times
Reputation: 2880
Quote:
Originally Posted by Kefir King View Post
ANd if it is true, imagine the sound of the BURST when it finally comes.
Yes I know that NY housing took a severe blow in the 70's, early 90's and early 00's.
We ARE in a housing bubble that bursts regularly...that's how we get Mitchell Lama housing.


Any guesses on which developer is the most overextended (I am looking to buy PUT options.)
You sound like a total imbecile.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-02-2018, 09:34 AM
 
Location: Manhattan
23,741 posts, read 32,904,103 times
Reputation: 11422
Quote:
Originally Posted by wawaweewa View Post
You sound like a total imbecile.

Perhaps your hearing aids aren't working well?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-02-2018, 09:56 AM
 
Location: Bronx
16,217 posts, read 21,068,891 times
Reputation: 8287
Quote:
Originally Posted by cheyenne2134 View Post
Is it a good time to buy property? People keep on saying we are in a bubble, so I was expecting a correction this year but now with this new information I’m thinking to pull the trigger now or just wait for the crash but who knows when and how big it would even be.


https://www.google.com/amp/s/www.cnb...-comments.html
The Feds did a good job on not raising interest rates. Why? The economy is still on shaky ground and we are only a decade out of the crash of 2008. Even though jobs have grown, and people are working again, wages are still down, for many Americans. Economic recovery takes time. I'm also waiting for the crash so I can reinvest in the economy. The stock market is too high to invest at the moment for many. When the crash happened a decade ago, NYC real estate weathered the storm and prices only dropped minimally and prices shot right back up a year or two later. While most of America real estate prices were down. Places like Vegas can get a home in a mid range neighborhood for 100k, while in Detroit and Milwaukee homes were going for 30k to 60k.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 02-02-2018, 11:55 AM
 
25,539 posts, read 21,085,638 times
Reputation: 10047
Quote:
Originally Posted by Aquarius37 View Post
I wasn't talking to you. I was talking to everyone. but that's nice you got to travel. *shrug* google maps works for me to explore the world. You're not better because you brag about travelling, you just come across more deadbeat doing so.
Google maps doesn't mean anything. You can't talk about a place you've never been to.

Most people on city data have traveled, and aren't living with dogs in rooms, which sounds pretty deadbeat to me. No offense man.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > New York City
View detailed profiles of:

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top