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more good news

Started by joedavis
over 17 years ago
Posts: 703
Member since: Aug 2007
Discussion about
http://www.nypost.com/seven/05242009/business/city_hit_by_underwater_homes_170779.htm
Response by alpine292
over 17 years ago
Posts: 2771
Member since: Jun 2008

how is this good news? And besides, very few people in Manhattan are going to be underwater since most buyers have at least 20% equity due to co-op board requirements. Even most condos require at least 10% down so hardly anyone bought in Manhattan with no money down.

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Response by columbiacounty
over 17 years ago
Posts: 12708
Member since: Jan 2009

alpster---he was kidding...stay with with the subway idea...much safer.

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Response by alpine292
over 17 years ago
Posts: 2771
Member since: Jun 2008

I thought he was serious and likes the fact that people are underwater. You never know...

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Response by threeke
over 17 years ago
Posts: 10
Member since: May 2009

It is not good to be underwater for too long.

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