tag:blogger.com,1999:blog-3456412229860846905.post5254385993274991737..comments2023-06-12T08:35:15.913-04:00Comments on Apartment Hunting Sucks/Apartment Hunting Rocks: Maybe I shouldn't have slept in todayThe Southpaw Chewhttp://www.blogger.com/profile/17066073887308263465noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3456412229860846905.post-36744771847148298152007-09-30T08:25:00.000-04:002007-09-30T08:25:00.000-04:00Most people would be well-served to never listen t...Most people would be well-served to never listen to anything Jim Cramer has to say...ever. That being said, you should be careful not to fall into the "it's different here" mindset entirely. NYC and anything that is a reasonably close commute to Manhattan will likely retain its value better than many other parts of the country. Obviously, there are pockets of desirable living areas all over the country that will hold up better. The bottom line is, because of current market conditions, you will be in a better negotiating position this year than you would have been last year. As you look at comps, be sure they are very recent. Not a year ago, but 6 months or less. That's your starting point. Finally, if you are buying a place because you want a nice place to live, you will be fine. If you expect to buy something and gain 20% a year for the next few years, you missed the boat. Check out this article on CNNMoney.com http://tinyurl.com/2bvyqn<BR/>You will see it lists the NYC-area MSA as expecting a 5.3% price decline between now and about this time next year. You have to recognize that there are the more challenged areas of Southern NY suburbs and Northern NJ suburbs mixed in with the NYC Boroughs. Bottom line is, you should NOT pay more than any recent sales indicate as a fair price point. However, if you are looking for a 15% discount off peak prices, you need to look at places that are an hour or more away from Manhattan. Don't be afraid to make offers and good luck.Senecahttps://www.blogger.com/profile/15173276024763107444noreply@blogger.comtag:blogger.com,1999:blog-3456412229860846905.post-37085358509295686362007-09-28T15:55:00.000-04:002007-09-28T15:55:00.000-04:00OK - come close...listen up...are you listening?.....OK - come close...listen up...are you listening?...good: MATT LAUER IS NOT - I repeat - NOT sexy - sheesh! It's not a subjective thing. He just isn't. He is a big unsexy dork.<BR/><BR/>That being said, we watch Jim Cramer a lot, and while the man is very smart, he, like anyone, is wrong sometimes too. You can't really count New York city in with the rest of the country as far as real estate goes. Trust me, loves, NY isn't getting any smaller...and land...well they aren't making any more of it. Don't give it another thought and buy buy buy!!!Unknownhttps://www.blogger.com/profile/05879863866264166481noreply@blogger.comtag:blogger.com,1999:blog-3456412229860846905.post-79079905768280863872007-09-28T11:28:00.000-04:002007-09-28T11:28:00.000-04:00It's ok to have a man crush.It's ok to have a man crush.The Southpaw Chewhttps://www.blogger.com/profile/17066073887308263465noreply@blogger.com