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Poll: Whats going to happen to RE market in NY?

Started by jifjif
over 17 years ago
Posts: 232
Member since: Sep 2007
Discussion about
1. Keep going up? 2. Staying the same? 3. Going to drop? 3b. if its going to drop, when will we see the difference? (in months)
Response by Brooks2
over 13 years ago
Posts: 2970
Member since: Aug 2011

And cash?

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Response by Riversider
over 13 years ago
Posts: 13572
Member since: Apr 2009

In my opinion you want to be overweight cash. Where I would underweight most is stocks.

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Response by the5ws
over 13 years ago
Posts: 2
Member since: May 2012

I have been looking and most properties i have seen and liked are on the market for many weeks contrary to what the brokers make you feel.
I think it will remain somewhat high, a lot of sellers are trying to cash in. Prices will drop somewhat over time through the election.

Europe has big issues
Some of our financial institutions have big issues
Real Estate in NYC will be the safe haven for wealthy Europeans and Asians.
Unemployment and the federal budget remain issues.

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Response by huntersburg
over 13 years ago
Posts: 11329
Member since: Nov 2010

http://www.nytimes.com/2012/08/05/realestate/big-deal-in-london-real-estate-taxes-rise-but-will-buyers-flee-to-us.html?_r=1&pagewanted=2&ref=realestate

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