Re: Real Estate Prices with excess supply
Well, fortunately for you, SteveFromNY, employment is still going well in NYC. And with a pleasant ferry ride from lower Manhattan and Wall Street, Staten Island is like living in the burbs but enjoying the lower real estate tax which NYC offers. Just think: you could be out on Long Island and dealing with much higher monthly real estate taxes. I'm hopeful for that once the financial markets calm down and ladies and gentlemen are assured of their continued employment buying a nice home on Staten Island will be something they'll consider. The Staten Island Frerry - what a nice way to commute to work each morning! The bridge provides a nice view while sitting in traffic, though.
Sorry that New York's ONLY football team lost yesterday to the Broncos. The two New Jersey teams didn't fare any better. Just a little kidding from a kid who once lived in NYC. As Samhass said in a previous posting: "Hang in there".
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