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.

Join the discussion below, or Read more at Patch.com.

Since: Apr 12

Jamaica, 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.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Real Estate Discussions

Title Updated Last By Comments
News Real Estate Agents: Single-Family Homes a Hot R... (Jun '12) Tue sitedesign 240
buyer beware!!! (Jun '15) Jun 23 Jennifer 150
News Crime 14 mins ago 7:57 p.m.Man found guilty of ... Jun 22 Mr Ed 9
News Home sales climb 2% in October (Nov '12) Jun 22 hamada 54
News Johnson Associates Real Estate Ltd., Brokerage ... (May '14) Jun 21 good commisions eh 4
News Cruz Questions Trump's Ties to Mob-Linked Felon Jun 18 S and P Realty 11
News Former Weichert executive accused of embezzlement (Dec '15) Jun 18 txt 2
More from around the web