Gothamist: NYC Foreclosures Declined in November But...

NannyState

Fri, 05 Dec 2008 13:46:55 -0500

The metric to watch is sale listings which will be through the roof next year.

MrManhattan

Fri, 05 Dec 2008 02:50:58 -0500

>>It is worth noting that Queens and SI, with the largest number of foreclosures, also have significantly higher rates of owner-occupied housing than the other boroughs. I have to wonder how "Curbed" would spin this quote? "Queens and SI: Great places to invest if you don't want to live there"

west side Michael

Thu, 04 Dec 2008 23:02:14 -0500

We cannot have all the foreclosures that are scheduled as we do not have enough city Marshall's to enforce the court eviction orders. Usually it's a political plum kind of job that keeps the appointees way down.

Jen Chung

Thu, 04 Dec 2008 17:31:59 -0500

@kane--thanks for pointing that out.

dbc

Thu, 04 Dec 2008 17:29:21 -0500

It is worth noting that Queens and SI, with the largest number of foreclosures, also have significantly higher rates of owner-occupied housing than the other boroughs.

rcltrh

Thu, 04 Dec 2008 17:25:12 -0500

People who lose their house should also be fined and part of that fine could be used for congestion pricing, renaming bridges, LIRR retiree disability pay, or for the city deficit. Taxing a foreclosure? WTF? I think people who are losing their houses cannot afford another tax?

Huffy6241

Thu, 04 Dec 2008 17:11:26 -0500

There should be a tax on foreclosures and part of the tax money used to fund the MTA deficit AND more bicycle lanes. The other portion of the forclosure tax could be used to promote congestion pricing or could be used to help people in foreclosure.

kane

Thu, 04 Dec 2008 17:05:26 -0500

I hate to sound like a dick, but it seems that the only grammatically correct portions of this post are the direct quotes. Property Shark CEO Bill Staniford explained that since there a 3-month moratorium on NY State foreclosures expired last month, "There could be a spike of foreclosures in December." What?