If Wall Street delayed the foreclosure process in Greenwich, Hartsdale and Short Hills, somebody forgot to tell the owners of those stately real estate properties.
The argument that the well-to-do continue doing well just doesn't hold a lot of water. They are about to file bankruptcies en masse.
Meanwhile, we have rose-colored RE professionals who vouch that Hoboken is on much sturdier footing with state support that has all but disappeared, schools being shut down for "renovation," property taxes that have yet to be standardized and a rent-to-buy ratio that continues to drop.
I want a front row seat in state court when they are pulled into one of the largest lawsuits to hit the NRA... oops, that should read NAR. Maybe there's little difference between the two!
No comments:
Post a Comment