Why didn't 30yrs STAY away in a huff? columbiacounty wanted him to. And columbiacounty is always helpful except if I'm around, right mimi?

http://streeteasy.com/nyc/talk/discussion/16432-how-co-op-boards-view-arms

30yrs_RE_20_in_REO
about 6 weeks ago
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report abuse "You know how many foreclosures there were in Manhattan last month?

Fifty-two."

Ali,
I'm curious where you got this number from. It sounds like the number of foreclosure auctions scheduled, or perhaps includes uncontested "owner gave the keys to the bank" transactions. I say this because I didn't see anywhere near 52 completed foreclosure sales last month. But then again I don't follow the sales of whole buildings North of 96th St much, so if a lot of them were in that category I easily could be seeing skewed results.

_________________________

David Goldsmith
DG Neary Realty Ltd.

columbiacounty
about 6 weeks ago
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report abuse whow...thought you went off in a huff. stay there. huff is good. if you're gonna threaten to go away, you gotta stay away.

30yrs_RE_20_in_REO
about 6 weeks ago
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report abuse walter: I think I know what you are asking and if I'm guessing right: you are correct: increasing the size of your down payment does not lessen your risk of loss of $ or equity (unless it's total loss of equity because you "run out" when you wouldn't have if you had put down more). Actually, to some extent at this point in time it is the other way around: if you put down less of a down payment and are forced to sell when under water, AND are able to work out a short sale with the bank, you actually lost LESS $/equity because the bank took the hit instead of you. Of course, I can't say I recommend that as an entry strategy on the buy end (unless you are "too big to fail" and know Obama will bail your ass out no matter how bad/overly risky decisions you make).

columbiacounty
about 6 weeks ago
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report abuse so...obama is the devil? what would you have done differently?

30yrs_RE_20_in_REO
about 6 weeks ago
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report abuse Not hired only economic advisers from Wall Street firms who recommended handing huge amount of money and other aid to their preferred industry (OTOH, please recognize that it was at least little tongue in cheek).

columbiacounty
about 5 weeks ago
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report abuse whoa....tarp predated the obama administration; you do acknowledge that fact, don't you?

and while i have my own issues with geithner and summers, to characterize them as being from wall street firms is completely inaccurate.

Columbia Cunty was such a better handle for you.

whow...thought you went off in a huff. stay there. huff is good. if you're gonna threaten to go away, you gotta stay away.

where's mimi?