SiliconInvestor All Stars Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : SiliconInvestor All Stars Forum

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Vosilla who wrote (1696)	6/29/2008 8:55:57 PM
From: SouthFloridaGuy	of 1718

<<Are you concerned the fallout of the banking crisis with the wealth effect and layoffs ,which are a 2008 story, will drag down many suburbs of NY for years to come? Sort of how it dragged it in the mid 70's and early 90's..>> Let me be a little clearer with my answer. YES... I don't think I'm going to go to contract with this house. I've been sufficiently scared by what went on in the financials this week. In NY we have 1) no interest rate relief 2) expensive housing and 3) a rapidly deteriorating macro-economy where the "prime" jobs are being lost. Maybe 1 more year won't hurt. The credit crunch only began in August. I still do think where prices have been blasted - i.e. FL, CA - there are opportunities.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next