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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: St. John Smythe who wrote (50991)	6/7/2009 4:37:33 AM
From: energyplay	Respond to of 218074

I grew up in Westfield, New Jersey, a long time ago. If your area has good schools, that's also a plus. One problem sceanario would be NYC prices falling enough for people to move into Manhattan or nearby boroughs, which might become rapidly improved / gentrified. The Financial sector will get smaller, and that is the biggest driver of NYC employment. Another issues would be declining income for all the drug companies that are in northern New Jersey because of Obama care. That might reverse after a few years because the long term demographic trend to older popultions around the world. Also, the drug companies do well with a weak US dollar. One item to watch would be the age profile of your neighborhood and nearby towns. If there is a roughly even distribution from mid-30s to middle 60's that's good. If you have a huge bulge around the late 50's early 60's, and not much else, that can be a problem. If everybody retires at the same time and moves to Florida or North Carolina, there will always be dozens of houses for sale in your down, and maybe one or two near your street every months for YEARS. That constant availability will tend to erode prices. If houses are only in good supply in the summer, that's usually okay. ***** Otherwise, your mortgage is a large "short USD" position over the long term, which could work out well with various minerals.