Real Estate Values...$$$

[CELLFISH]

wife & me were shopping around for condos here in Fort Lauderdale area... we missed a few good ones last several months before the CV crisis... was wondering if this will effect values in the near future with so many people unemployed, any input... cellie...

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[Chinacat]

It only makes sense
Not sure what effect it has on sales on east end of LI but rental
market is thru the roof with peeps with $$ fleeing NYC

 

[Dx life Rx fishing]

Was reading just the other day it really has not had a significant impact on prices. Maybe 2-3% and that will rebound.

 

[CELLFISH]

doing some online search, yes it’s shaky right now, mortgage rate 3.5%... cellie...

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Redirect Notice

www.google.com

 

[CELLFISH]

Zillow predicts small home price drop through rest of 2020

In wake of COVID-19, buyer demand is showing through, and U.S. home prices aren’t expected to drop more than 2-3%, according Zillow.

www.housingwire.com

 

[TonySmjc]

I’ve seen estimates in brooklyn that say
- 5 to -7 percent

real estate agent friend in the south Florida region
Told me
His company is gearing up for a big influx of buyers
I’m the coming months and over all increase

my place in boca is up from 300 to 450 in the last 6 years and he’s telling me I could see 475 or 500 in the not to distant future

 

[CELLFISH]

peeps fled NYC ( lower Manhattan) after September 11, not too long after that everything came back in strength... cellie...

 

[TonySmjc]

Florida was booming again before this
And I’m fairly sure it will explode after it passes

even if the market takes a wack in the ne the ppl leaving here will be well situated to buy up Florida

ny has already announced budget cuts
Pretty much across the board in city agencies

the exodus is about to commence

 

[CELLFISH]

It’s gonna take a while for that, 20 million peeps need to play catch up... cellie...

 

[TonySmjc]

I’m thinking there’s Gonna be a lot of early retirees

especially teachers lots and of them are older and many of the Savy ones have their tda annuities in the fixed fund
Nothing to make up

but I can fathom a lot of city employees
Counting up their pennies
Their pension , what’s left of their 401s and the equity in there homes and saying yup I’m done

I guess I can see it because I’m one of the ones doing it
Me and the wife wanted to hang on another 3 years or so to bulk up her annuity
Now I’m trying to do the math to see if we can be comphy on what’s their already

 

[CELLFISH]

20 million dosent equal teachers in good shape...
anyway good luck... cellie...

 

[TonySmjc]

I agree a lot of ppl will have a lot of catching up to do

I don’t think the ones at or close to retirement will want to wait around and do it here , teachers or not

the ones that are close to or at the age of retirement
Their actual pension aren’t taking a hit
Their ssi isn’t taking a hit
Their 401s will come back they are here or not
And while their homes may lose a percentage it may not pay for them to wait around to see if it comes back.

I guess were all going to find out how this plays out

I see florida and some other se states along with
Texas coming out as big winners
In the population reshuffling we are about to witness

 

[CELLFISH]

I agree a lot of ppl will have a lot of catching up to do

I don’t think the ones at or close to retirement will want to wait around and do it here , teachers or not

the ones that are close to or at the age of retirement
Their actual pension aren’t taking a hit
Their ssi isn’t taking a hit
Their 401s will come back they are here or not
And while their homes may lose a percentage it may not pay for them to wait around to see if it comes back.

I guess were all going to find out how this plays out

I see florida and some other se states along with
Texas coming out as big winners
In the population reshuffling we are about to witness

Yes it will be interesting to see... cellie...

 

[Capt13]

I've read there might be a shift ..... moving out of cities (RE prices will decline there) and moving to the suburbs (prices expected to increase there).

 

[JackPrintMD]

Try to sell or buy and then show me the BIG difference.

Rediculous

 

[CELLFISH]

Hey Hurricane Sandy was supposed to be a final straw, peeps like NYC I guess...cellie...

 

[JackPrintMD]

Exactly.

 

[TonySmjc]

After sandy
Business sprung back up fast
Restaurant's that were under water opened up in days

this isn’t going to be like sandy

 

[JackPrintMD]

After sandy
Business sprung back up fast
Restaurant's that were under water opened up in days

this isn’t going to be like sandy

WTF

We were not talking about resturants and business,,,,,,,,,,,
We were discussing Real Estate.

OoowFaaaah

TAKE A fucin Nap Bro

 

[TonySmjc]

Relax jack
You’ll take a stroke

it was an analogy for things springing back after a disaster

things jumped right back after sandy because people were abel to spring into action and ppl stayed

this isn’t going to be like sandy

Jobs aren’t coming roaring back the economy is going to slow
City and state budgets are going to and already are being cut
Service will be cut
Crime will rise
Ppl are going to be shy about jumping on the lirr or subway
And shy about living in dense areas
Ppl are going to leave

over all the quality of life here will diminish and realestate values will fall