NY(S) foreclosure filings to be up 17 percent by year's end
Started by somewhereelse
about 16 years ago
Posts: 7435
Member since: Oct 2009
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NY foreclosure filings to be up 17 percent by year's end While the economy may be leveling off somewhat, the number of foreclosure filings has continued to climb in New York State, as the full legal ramifications of the downturn unfold. The state courts will see 4.7 million foreclosure and non-foreclosure cases by the end of the year, a record number, according to the New York Times. Many of those... [more]
The article is referring to NY(S), not NY(C). Everyone in NYC has multi-million dollar bonuses, rich parents, and trust funds. No one will foreclosure here. Manhattan is an island, nothing that effects the rest of the state or the world will cross the rivers surrounding us. NYC is special!
inonada, how's that?
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Response by Sunday
about 16 years ago
Posts: 1607
Member since: Sep 2009
Oh, and NYC's unemployment rate is at 10% vs. overall state's 8.6% (only 7.6% if excluding NYC). That's because for the reasons stated above, people in NYC don't really need to work...
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Response by inonada
about 16 years ago
Posts: 7952
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Perfect! I think we should demolish the tunnels and bridges "I am Legend"-style just to be safe, though. You never know what might be let through otherwise.
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Response by jason10006
about 16 years ago
Posts: 5257
Member since: Jan 2009
Well, you would also have to fence off anything above 96th street, or below houston and east of broadway. Berlin Wall style. And ring-fence the projects in Chelsea and Columbus Circle. And all those pesky rent controlled, stabilized, etc places in "real" manhattan. And also fence off those pesky new low-income housing units in Tribecca, etc.
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Response by inonada
about 16 years ago
Posts: 7952
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I get it now, "Escape from New York"-style.
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Response by kylewest
about 16 years ago
Posts: 4455
Member since: Aug 2007
"The state courts will see 4.7 million foreclosure and non-foreclosure cases... " What does that mean? The total number of NYS Sup Ct cases regardless of the subj. matter being RE? I don't get that sentence. There is no way the NYS courts see 4.7 million cases a year--or even in a decade or century.
bulls?
The article is referring to NY(S), not NY(C). Everyone in NYC has multi-million dollar bonuses, rich parents, and trust funds. No one will foreclosure here. Manhattan is an island, nothing that effects the rest of the state or the world will cross the rivers surrounding us. NYC is special!
inonada, how's that?
Oh, and NYC's unemployment rate is at 10% vs. overall state's 8.6% (only 7.6% if excluding NYC). That's because for the reasons stated above, people in NYC don't really need to work...
Perfect! I think we should demolish the tunnels and bridges "I am Legend"-style just to be safe, though. You never know what might be let through otherwise.
Well, you would also have to fence off anything above 96th street, or below houston and east of broadway. Berlin Wall style. And ring-fence the projects in Chelsea and Columbus Circle. And all those pesky rent controlled, stabilized, etc places in "real" manhattan. And also fence off those pesky new low-income housing units in Tribecca, etc.
I get it now, "Escape from New York"-style.
"The state courts will see 4.7 million foreclosure and non-foreclosure cases... " What does that mean? The total number of NYS Sup Ct cases regardless of the subj. matter being RE? I don't get that sentence. There is no way the NYS courts see 4.7 million cases a year--or even in a decade or century.
Astonishing as it seems, the 4.7M is per http://www.nycourts.gov/admin/financialops/Bgt10-11/ExecSum.pdf. No clue what they're counting, though.
Now I see it. It says "4,700,000 filings". So cases would be some fraction of that.