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chozin- how many investment banks still exist in nyc? the answer is ZERO. the entire financial system is a ponzi scheme, all fiat denominated holdings aretoast even when recapitalization occurs.
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how is the rest of NYC financed? ill tell u how-- THROUGH DEBT. even the state itself is insolvent. you can capitalize all you want but that capitalizationwill result in purchasing power destruction. the wealth has to be purged one way or another. NYC entirely is financed by banks, either theyre banks themslevesor theyre financed by them. every big company has huge liabilities. home equity values may start bouncing in nominal terms with obamas insane monetized deficitspending BUT not in real terms. stay out of real estate if you owant to preserve wealth.
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Now this...I can help you with. PM me with how much you're able to spend monthly and I'll let you know what your options look like
lrrr
Banned
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I find it funny that my parents' mortgage is cheaper than all their friends rent bills.
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Can you find some cheap condo's around Astoria? Let me know what the prices are looking like.
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Depends on a lot of things as far as whether I'll even need one but I pay $1,000 for my 550sq. ft. studio in downtown Chicago so I'm reasonablyfamiliar with the cost relatively.
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Alright...$1,000 can def get you something worthwhile in that areaOriginally Posted by ebayologist
Depends on a lot of things as far as whether I'll even need one but I pay $1,000 for my 550sq. ft. studio in downtown Chicago so I'm reasonably familiar with the cost relatively.But I'll make note of your SN and send a PM your way if I do in fact need an apt.
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The economy thread is that way
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Cheap is very relative. Are you looking to rent or buy?
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Looking to buy but I would need to see how they are priced.
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I'll take a look right now. Are you only interested in Astoria?
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I searched Astoria and surrounding areas. The cheapest I found was a luxury studio for around 275K...
If you're interested and ready to move. I'm sure I can help you find what you want.
If you're interested and ready to move. I'm sure I can help you find what you want.
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What do studios and 1 bedrooms go for (buying) in the luxury buildings or new construction in Long Island City by the water (vernon jackson stop on the 7 thesedays?
Also what is your opinion on real estate prices in the city. Seems like they have held up better than other areas but have still dropped and will probablycontinue to drop this year
Also what is your opinion on real estate prices in the city. Seems like they have held up better than other areas but have still dropped and will probablycontinue to drop this year
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Damn gentrification and yuppies
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Tell me what type of studios you have in the East Village and for how much
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Tell me what type of studios you have in the East Village and for how much
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What all did you have to go through to get your real estate license? I realize it's going to be different in NY than it will be in TX, but I'd stilllike to hear...shoot me a PM if you don't wanna clog this thread with it.
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Right now, those studios and one bedrooms are starting around 370,000. Real estate for people with either cash or very good credit will still be a strong longterm investment. It's the people who were buying real estate to flip next week who have realized it's not as lucrative in that way
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Rental- starting at $1,350 Buy- starting at $260,000
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chozin- you cannot say real estate is a good long term investment right now. it will probably take AT LEAST 5-7 years just to break even and even still, afterthis massive monetary expansion that is occurring, interest rates will rise and within 5-6 years DISINFLATION will be the name of the game for the Fed, in factthey already have PAUL VOLCKER in on obama's cabinet and he was the fed chairman behind the 1980's great disinflation. you know what high interestrates mean? high mortgage rates. which means demand contraction for real estate and housing, which means falling, or at best stagnant, home prices. we're1.5 years into a real estate crisis and you're already saying it's a good long term investment? that's just a bold faced lie.
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only way i'd buy a place right now is if i didn't care about value dropping. it will drop.
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PM sent. Chozin - get at me.
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That has absolutely nothing to do with the NYC housing market (especially the outer boroughs).
Im going to use this opportunity to get my feet wet in Manhattan Real estate. My cash flow properties upstate and in the Bronx have been treating me very well.
OP....what is the Upper West side purchases looking like? Can you secure any of those vacant brownstones in need of renovation there or anywhere else (Harlem,Park Slope Brooklyn)?
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i'm no longer interested in your conversation.
