That's still the conventional wisdom, but it's no longer a slam dunk. Those
of us with a somewhat longer perspective recall when the real estate market
fell, and there are some suggestions among those in the know that prices may
be getting too far out of line with reality.


At no time did anyone I know lose money on a NY apartment. They all doubled
their money or much better.

RB

At no time did anyone I know lose money on a NY apartment. They all doubled
their money or much better.

My memory goes back to 1989, and I knew a whole bunch of people who lost money
on NY apartments.

When I left New York in the very early 80's you could own a house if you
simply paid the back taxes on it. On the way out through Queens, the garbage
was piled so high on one street you couldn't even get over it in 4WD. New
York is also on of the few places with a sales tax on a house. My friend
paid 3% sales tax on a house in Forest Hills. With rising interest rates and
offshoring of financial services it will be interesting to see what happens
to NY real estate. If you weigh in the costs of taxes, living, decline in
health etc, New York real estate isn't that great. My condominiums in Vail
and Aspen have done much better than NY real estate - and they are usually
rented by New Yorkers on vacation!

Gilligan.




"JAXAshby" wrote in message
...
At no time did anyone I know lose money on a NY apartment. They all
doubled
their money or much better.

My memory goes back to 1989, and I knew a whole bunch of people who lost
money
on NY apartments.

Jill? do *you* suspect that one or two things have happened in the universe in
the last quarter century?

Hell, in most of 1980 you could still buy a Fiat in this country, and the dood
who just died of very old age was not yet elected President.

but thanks for sharing, Jill.

When I left New York in the very early 80's you could own a house if you
simply paid the back taxes on it. On the way out through Queens, the garbage
was piled so high on one street you couldn't even get over it in 4WD. New
York is also on of the few places with a sales tax on a house. My friend
paid 3% sales tax on a house in Forest Hills. With rising interest rates and
offshoring of financial services it will be interesting to see what happens
to NY real estate. If you weigh in the costs of taxes, living, decline in
health etc, New York real estate isn't that great. My condominiums in Vail
and Aspen have done much better than NY real estate - and they are usually
rented by New Yorkers on vacation!

Gilligan.




"JAXAshby" wrote in message
...
At no time did anyone I know lose money on a NY apartment. They all
doubled
their money or much better.

My memory goes back to 1989, and I knew a whole bunch of people who lost
money
on NY apartments.

What a second, didn't you just say:

" My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments."

If so, then how can you say:

" Hell, in most of 1980 you could still buy a Fiat in this country, and the
dood
who just died of very old age was not yet elected President."

Guess what Jax - for over the last quarter century I elected to leave NY and
never looked back. The light at the end of your tunnel is New Jersey.

Gilligan



"JAXAshby" wrote in message
...
Jill? do *you* suspect that one or two things have happened in the
universe in
the last quarter century?

Hell, in most of 1980 you could still buy a Fiat in this country, and the
dood
who just died of very old age was not yet elected President.

but thanks for sharing, Jill.

When I left New York in the very early 80's you could own a house if you
simply paid the back taxes on it. On the way out through Queens, the
garbage
was piled so high on one street you couldn't even get over it in 4WD. New
York is also on of the few places with a sales tax on a house. My friend
paid 3% sales tax on a house in Forest Hills. With rising interest rates
and
offshoring of financial services it will be interesting to see what
happens
to NY real estate. If you weigh in the costs of taxes, living, decline in
health etc, New York real estate isn't that great. My condominiums in
Vail
and Aspen have done much better than NY real estate - and they are
usually
rented by New Yorkers on vacation!

Gilligan.




"JAXAshby" wrote in message
...
At no time did anyone I know lose money on a NY apartment. They all
doubled
their money or much better.

My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments.

oh no
god please
not new jersey!
gf.

"Gilligan" wrote in message
nk.net...
What a second, didn't you just say:

" My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments."

If so, then how can you say:

" Hell, in most of 1980 you could still buy a Fiat in this country, and
the
dood
who just died of very old age was not yet elected President."

Guess what Jax - for over the last quarter century I elected to leave NY
and
never looked back. The light at the end of your tunnel is New Jersey.

Gilligan



"JAXAshby" wrote in message
...
Jill? do *you* suspect that one or two things have happened in the
universe in
the last quarter century?

Hell, in most of 1980 you could still buy a Fiat in this country, and
the
dood
who just died of very old age was not yet elected President.

but thanks for sharing, Jill.

When I left New York in the very early 80's you could own a house if
you
simply paid the back taxes on it. On the way out through Queens, the
garbage
was piled so high on one street you couldn't even get over it in 4WD.
New
York is also on of the few places with a sales tax on a house. My
friend
paid 3% sales tax on a house in Forest Hills. With rising interest
rates
and
offshoring of financial services it will be interesting to see what
happens
to NY real estate. If you weigh in the costs of taxes, living, decline
in
health etc, New York real estate isn't that great. My condominiums in
Vail
and Aspen have done much better than NY real estate - and they are
usually
rented by New Yorkers on vacation!

Gilligan.




"JAXAshby" wrote in message
...
At no time did anyone I know lose money on a NY apartment. They all
doubled
their money or much better.

My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments.

Two of the three highest cancer rates by county in the NY/NJ/CT area are in NJ.
The third is across the Arthur Kill from the other two.

oh no
god please
not new jersey!
gf.

"Gilligan" wrote in message
ink.net...
What a second, didn't you just say:

" My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments."

If so, then how can you say:

" Hell, in most of 1980 you could still buy a Fiat in this country, and
the
dood
who just died of very old age was not yet elected President."

Guess what Jax - for over the last quarter century I elected to leave NY
and
never looked back. The light at the end of your tunnel is New Jersey.

Gilligan



"JAXAshby" wrote in message
...
Jill? do *you* suspect that one or two things have happened in the
universe in
the last quarter century?

Hell, in most of 1980 you could still buy a Fiat in this country, and
the
dood
who just died of very old age was not yet elected President.

but thanks for sharing, Jill.

When I left New York in the very early 80's you could own a house if
you
simply paid the back taxes on it. On the way out through Queens, the
garbage
was piled so high on one street you couldn't even get over it in 4WD.
New
York is also on of the few places with a sales tax on a house. My
friend
paid 3% sales tax on a house in Forest Hills. With rising interest
rates
and
offshoring of financial services it will be interesting to see what
happens
to NY real estate. If you weigh in the costs of taxes, living, decline
in
health etc, New York real estate isn't that great. My condominiums in
Vail
and Aspen have done much better than NY real estate - and they are
usually
rented by New Yorkers on vacation!

Gilligan.




"JAXAshby" wrote in message
...
At no time did anyone I know lose money on a NY apartment. They all
doubled
their money or much better.

My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments.

jill? mind rephrasing you post below into some semblemce of intelligent
sputterings?

"Gilligan"
Date: 10/6/2004 10:06 PM Eastern Daylight Time
Message-id: et

What a second, didn't you just say:

" My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments."

If so, then how can you say:

" Hell, in most of 1980 you could still buy a Fiat in this country, and the
dood
who just died of very old age was not yet elected President."

Guess what Jax - for over the last quarter century I elected to leave NY and
never looked back. The light at the end of your tunnel is New Jersey.

Gilligan



"JAXAshby" wrote in message
...
Jill? do *you* suspect that one or two things have happened in the
universe in
the last quarter century?

Hell, in most of 1980 you could still buy a Fiat in this country, and the
dood
who just died of very old age was not yet elected President.

but thanks for sharing, Jill.

When I left New York in the very early 80's you could own a house if you
simply paid the back taxes on it. On the way out through Queens, the
garbage
was piled so high on one street you couldn't even get over it in 4WD. New
York is also on of the few places with a sales tax on a house. My friend
paid 3% sales tax on a house in Forest Hills. With rising interest rates
and
offshoring of financial services it will be interesting to see what
happens
to NY real estate. If you weigh in the costs of taxes, living, decline in
health etc, New York real estate isn't that great. My condominiums in
Vail
and Aspen have done much better than NY real estate - and they are
usually
rented by New Yorkers on vacation!

Gilligan.




"JAXAshby" wrote in message
...
At no time did anyone I know lose money on a NY apartment. They all
doubled
their money or much better.

My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments.

Not right now Jax, I have some pretty bad gas pains. Sprinkle some
phlogiston on it and see if it makes any sense.

Jill

"JAXAshby" wrote in message
...
jill? mind rephrasing you post below into some semblemce of intelligent
sputterings?

"Gilligan"
Date: 10/6/2004 10:06 PM Eastern Daylight Time
Message-id: et

What a second, didn't you just say:

" My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments."

If so, then how can you say:

" Hell, in most of 1980 you could still buy a Fiat in this country, and
the
dood
who just died of very old age was not yet elected President."

Guess what Jax - for over the last quarter century I elected to leave NY
and
never looked back. The light at the end of your tunnel is New Jersey.

Gilligan



"JAXAshby" wrote in message
...
Jill? do *you* suspect that one or two things have happened in the
universe in
the last quarter century?

Hell, in most of 1980 you could still buy a Fiat in this country, and
the
dood
who just died of very old age was not yet elected President.

but thanks for sharing, Jill.

When I left New York in the very early 80's you could own a house if
you
simply paid the back taxes on it. On the way out through Queens, the
garbage
was piled so high on one street you couldn't even get over it in 4WD.
New
York is also on of the few places with a sales tax on a house. My
friend
paid 3% sales tax on a house in Forest Hills. With rising interest
rates
and
offshoring of financial services it will be interesting to see what
happens
to NY real estate. If you weigh in the costs of taxes, living, decline
in
health etc, New York real estate isn't that great. My condominiums in
Vail
and Aspen have done much better than NY real estate - and they are
usually
rented by New Yorkers on vacation!

Gilligan.




"JAXAshby" wrote in message
...
At no time did anyone I know lose money on a NY apartment. They all
doubled
their money or much better.

My memory goes back to 1989, and I knew a whole bunch of people who
lost
money
on NY apartments.

JAXAshby wrote:

At no time did anyone I know lose money on a NY apartment. They all doubled
their money or much better.


My memory goes back to 1989


You can't remember your childhood? This called a memory block and
usually is a protective mechanism against unpleasent thoughts. Just
thought I should tell you.

Cheers