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Originally Posted by SniperSB23
yeah, city is hurting a bit, saw a thing someone did recently about best/worst housing markets in terms of house values compared to three years ago. Like half the top ten was upstate NY and half the bottom ten was in Florida. Bought my house in August '06 which was about the peak of the bubble, just got it appraised for a refinance at $22,000 more than I spent.
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scott i wouldn't trust any apprasial there is an inherent conflict of interest with them and the RE brokers - august '06 was the height of the housing bubble in the country as a whole , as you said certain pockets of the country are down more than others , if any are up at all it's very slight, but i find it hard to believe any individual area of the country is up form summer '06
(a particular piece of propert could be up for a specific reason)
also tells us about your propert and school tax - are those the same as they were in '06?
also as a ny state resident you gotta think about where the state gets it's revenues - like it or not wall st sends enormous $$$ to albany every year , a lot of that is gone forever , a lot of those jobs are not coming back - my guess is that school and property taxes will continue to rise at 2x the rate of inflation or more as far as the eye can see
golisano left ny as i am sure other ny millionares are as well , you can't tax people into infinity forever when there are states like florida or nevada or texas that have no income taxes or lower income taxes than NY
the big time people leaving the state hurt guys like me and you that are in the middle - we eventually have to make up that burden as there is no one else to pick it up
as for the bills - well they are unique to buffalo and any pro team in florida will have trouble putting people in the seat - dolphins included - a more accuarte comparasion to the bills would be to the gator or sminoles - people in Northern Florida are bigger college football fans than NFL fans
Lori took me to the Hawaii game vs Florida last year - it was poring the whole game and the place was packed with 90k that day - , i doubt the jags would have sold out that day , but the gators sure did