GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Is New York A Good Place To Buy Property?

Mistah Charlie · 03-26-2008, 03:09 AM

New York is always an excellent place to buy real estate, and there should be deal coming available this year - and beyond. The smart money is waiting, you should, too. Prices are still incredibly high, and as another poster pointed out, taxes are quite high as well.

If you have foreign currently, you are really in the pink. As the dollar falls, you get an even bigger discount.

That said, 400K ain't much in the way of investment capital, and it's still not going to get you much in Manhattan, unless you are leveraging it into a jumbo loan.

Always hire a local real estate professional to help you.

Good luck.

03-26-2008, 03:09 AM
Mistah Charlie Confirmed User Join Date: Nov 2007 Posts: 478	New York is always an excellent place to buy real estate, and there should be deal coming available this year - and beyond. The smart money is waiting, you should, too. Prices are still incredibly high, and as another poster pointed out, taxes are quite high as well. If you have foreign currently, you are really in the pink. As the dollar falls, you get an even bigger discount. That said, 400K ain't much in the way of investment capital, and it's still not going to get you much in Manhattan, unless you are leveraging it into a jumbo loan. Always hire a local real estate professional to help you. Good luck. __________________ "Gonna scare you up and shoot you Cause Mister Charlie told me so"