PropShark: Brooklyn Forcs Up 20% Last Month
More bad news on the foreclosure front, this time from Property Shark’s February foreclosure report. The report, which tracks properties scheduled for foreclosure for the first time, found that NYC foreclosures increased 13 percent from January and were up 113 percent from February ’07. Any good news? Brooklyn’s not hurting as much as Queens, where…
More bad news on the foreclosure front, this time from Property Shark’s February foreclosure report. The report, which tracks properties scheduled for foreclosure for the first time, found that NYC foreclosures increased 13 percent from January and were up 113 percent from February ’07. Any good news? Brooklyn’s not hurting as much as Queens, where the number of foreclosures more than doubled compared to February ’07. Nevertheless, Property Shark found a 20 percent increase in Brooklyn foreclosures last month over January (there were 53), and East New York and environs had the seventh-highest number of foreclosures in the city by neighborhood. The numbers we’re looking at here don’t exactly signal an epidemic—Property Shark records 582 foreclosures in Brooklyn from Feb. ’07 through last month—but they sure don’t seem insignificant, either.
Property Shark
Report: Subprime Foreclosures Rampant in Brooklyn [Brownstoner]
Bill Would Temporarily Halt Foreclosures [Brownstoner]
“The funny thing I find myself arguing with people that have a interest in housing related shit and they are watching their investment go down the fucking drain every day. Har de harr fucking har har.”
The What, you just had three posts in a row. Who are you arguing with, yourself?
3 posts about the state of housing with examples.
1 post attacking The What.
The What
Someday this war is gonna end…
“I dont know any people here in Nyc that took out a subprime loan. No problem= smooth sailing.”
You’ve got to either be joking or seriously stupid.
that number is nothing at all. go look at the numbers in palm beach county, or Miami. I dont know any people here in Nyc that took out a subprime loan. No problem= smooth sailing.
“The funny thing I find myself arguing with people that have a interest in housing related shit and they are watching their investment go down the fucking drain every day. Har de harr fucking har har.”
The What, you just had three posts in a row. Who are you arguing with, yourself?
Here is nice entertainment for you cornholos. A DEPRESSION is coming and you know it. I bet you will blame other people for your mistatkes LMMFAO. You are economic losers.
CNN Warns Americans A New Great Depression Is Coming
How The Iraq War Destroyed The US Economy
The American economy is propped up on faith and credit, and Wall Street is now in a short supply of both of these essentials. The video below from CNN Money contains the sort of talk that can start runs on banks to withdraw savings and shatter stock markets. That doesn’t mean, however, these commentators are not telling the truth.
http://yournewreality.blogspot.com/2008/03/cnn-warns-americans-another-great.html
The What ( I love this shit. Give me more)
Someday this war is gonna end…
“The What–Redlining is illegal and has been since 1968 when the FHA did a 180 and abandoned their requirement that banks redline bad markets. Nothing in the wiki piece you cited said anything about a change. Is there something we’re missing?”
Yep homeboy. Re-read my comment. Redlining is illegal but Declining Markets are not. You can deny someone for economic reasons and this thing is convenient for banks to get away with this shit.
When the turds hit the blades the banks are going to look for any excuse to DENY loans to people. You can take that to the bank.
The funny thing I find myself arguing with people that have a interest in housing related shit and they are watching their investment go down the fucking drain every day. Har de harr fucking har har.
The What
Someday this war is going end..
“it must suck to wake up every morning thinking that every property in your neighborhood is going to plummit and every one is going to be wiped out. I believe that this is delusional and border line mental.”
Nope asslick I have access to the Brooklyn MLS. I can see what sold and what on the market in real time. Guess what in marginal neighborhood 2 and 3 families are expiring with out a sale. This is telling Brokers that the worm has turned. Sales volume has fallen of a cliff and inventory has been growing at a alarming pace.
“People make money when the stock market is on its way up and some people make money when the sotcket market is on its way down. The same goes for real estate.”
People get assraped when the stock market is on its way up and some people get assraped when the sotcket market is on its way down. The same goes for real estate people get assraped.
“I guarantee you there are smart buyers in today’s market snapping up deals that guys like The What would scream as foolish. In 5 years when the smart guys are sitting on millions The What will be saying “how did that guy ever make that kind of cash?”
How are people getting access to capital??!! The credit markets are fucking frozen and banks are having a hard time to maintain capital requirements. In 5 years when the smart guys are sleeping on the sidewalks.
“I will tell you how he made that cash – he didnt listen to naysayers like The What.”
I will tell you how he got assfucked – he didnt listen to naysayers like The What.
The What
Someday this war is gonna end…
BTW Come on muther fuckers. Keep it coming
“GOD help the asshats that brought Brownstones in minority and poor neighborhood you are going to get assraped with a 3 ft pipe. And when the ball gets rolling no one will be able to stop it.”
The What, Does the ball roll down the pipe? I’m just curious because that can’t be a good thing. You are correct in one aspect the What, if the ball starts rolling down the pipe you can’t really get the ball back unless you turn the pipe in the opposite direction.
A couple of follow-up questions for you: 1. What is the diameter of said pipe? and 2. how far is it going in?
The What–Redlining is illegal and has been since 1968 when the FHA did a 180 and abandoned their requirement that banks redline bad markets. Nothing in the wiki piece you cited said anything about a change. Is there something we’re missing?