All Forum Posts by: William Coet

Can Losses Be Saved and Used In Future Years When There are None?  

My impression is that towns like Poughkeepsie are benefiting from activity in the city.  People are commuting to work there.

Perhaps there is more job creation than I'm aware of in the Hudson Valley and not as many are commuting to the city for work as I thought.  Admittedly my observations are mine only and not based on research.

I'm sorry, but I have to strongly disagree.  25,000 jobs averaging $150,000 would have been a significant net gain, and without a doubt would have increased the rate of appreciation in towns/cities surrounding NYC.  The majority of the incentives were performance based (if you create X number of jobs, you get X benefit).  There are some self-serving politicians who used this as an issue to promote themselves to the detriment of the city and state.  This was a very significant lost opportunity for NY State.

New York came up a couple billion short on it's budget this year.  The Amazon opportunity was approximately a 9 to 1 return for NYS, promising billions in revenue.  Please explain how it's a good thing they left.....

Thank you for your reply Lydia!  I think it was either Fha or conventional.  Maybe I could find out at the county clerks office.  The bank started the foreclosure proceeding in 2013 and it just went to auction last week.

Whats the purchase price again?

Congrats for your ambition.  I am concerned that Amazon pulling out of NYC is bad news for New York State and NYC.  It sent a signal to the rest of the country's (and world's) big businesses that NY State will harass you if you want to go there.  Not only did NY lose Amazon, they lost an indeterminable number of future businesses.  

It is an absolute disaster that Amazon decided to pull out of NYC.  

A 21 unit for 100k that generates more than 40k annual income?  What state is this?

Once it with MLS or auction service, will the bank take less than what they bid at auction?

If the bank bid 40k at the auction, does that mean they would have accepted a bid of 40k from a bidder?

Thanks Tom,

Just wondering, if the property had no bidders and the bank bid 40k at the auction, wouldn't this make the bank think the demand is low and make them more willing to accept an offer before taking on the risk of extended holding period costs and a realtor commission?