Housing price crash
Like it or not, NYC real estate – Manhattan or Brooklyn or the other 3 boroughs will experience price declines in the next year. Every now and then, you will see a property going quickly at its ask price or even above due to a very specific situation (someone fell in love with that house…
Like it or not, NYC real estate – Manhattan or Brooklyn or the other 3 boroughs will experience price declines in the next year. Every now and then, you will see a property going quickly at its ask price or even above due to a very specific situation (someone fell in love with that house and is recession-proof). Those cases will be far and few in between. You can’t really protect yourself against the vicissitudes of the economy. As much as you can, consolidate, pay off your debt, and accumulate as much savings as possible. If you feel like your job isn’t that secure and your mortgage is too big, sell now. Save yourself pain further down the road.
Why is everyone so offended by this post? I don’t get it.
Yikes!
All this advice will land everybody in the poorhouse.
When in doubt, do nothing.
Now is not the time to go into debt.
Moderation, moderation, and more moderation.
Omer?!?
Amy
If you don’t have any debt or a massive mortgage and most of your equity is in real estate, you are still losing money as the real estate market weakens. I would suggest keeping investments diversified, even if it means taking out a mortgage on your house.
WILL THIS PERSON WHO CAN FORSEE THE FUTURE GIVE ME A LIST OF STOCKS TO INVEST IN. I’D ALSO LIKE EARLY INFORMATION ON THE KENTUCKEY DERBY WINNER
Yes, what do you recommend for people like us who don’t have massive mortgages, or could pay them off if they wished.
i dislike people who preach.
they are usually hypocrates.
what debt? you have debt? oh, poor you.
Others probably know him as ‘The What’!! The dumb-ass himself!!