Long Beach Real Estate Market 'Taking...

Long Beach Real Estate Market 'Taking a Hit'

There are 1 comment on the Patch.com story from Jun 20, 2012, titled Long Beach Real Estate Market 'Taking a Hit'. In it, Patch.com reports that:

Long Beach has not been as hard hit with housing foreclosures as the rest of Nassau County-which saw a reported 34 percent increase in May as compared with the same period last year, according to local realtors.

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Since: Apr 12

Ridgewood, NY

#1 Jun 20, 2012
yes that is true, but the taxes on the properties are a real thorn in every sellers side especially in Long Beach.
Including Atlantic Beach where a good friend of mine has a home for sale for 6 months already. It is not his price at all, in fact it is $100k-$200k lower than homes that sold on his block last year.
But his taxes are through the Roof!
Then you have to deal with LILCO, Flood Insurance, and the Huge property Taxes!
Nice Place, but to expensive to live there unless your a multi-millionaire
**********
And within 3 years there will be without a doubt a Huge rise of rates going up big time do to THE INFLATION WAVE COMING.
DEBT/CONTINUOUS PRINTING OF MONEY and if sellers don't sell now in 4 years you won't be able to sell at all!
*******consulted with realtors with three decades of experience and actuaries of insurance companies.

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