Worse for these folks, great for Clemenza. Very helpful to those of us who haven’t bought a place yet.
Yeah... Wait, wait... save... and BUY next summer!!
= )
Yes. Very good for first-time home buyers.
Drive a hard bargain and get into the best house you can afford as soon as you can.
Here on Long Island the downturn in housing is being treated like the worst disaster since the great flood. I take a different view.
What future does a community or a region have if young families cannot afford to live there? Now young families can into their first home at a much more affordable price. Taxes and insurance are still horrendously high, but getting in at 10-20% below last year’s number means the difference between staying here or moving to another, more affordable region of the country.
Except for first-time buyers like me whose income directly depends on the real estate market...as prices fall so does my income.
I hear ya-I got my eye on some houses in Ocean City. Hoping the market just absolutely tanks.