Comments on: Local Real Estate Market Heating Up, But Will it Last? http://westsideindependent.com/2010/02/05/local-real-estate-market-heating-up-but-will-it-last/ News about the Upper West Side of New York Wed, 25 Aug 2010 13:33:03 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Upper West Side Rents Creeping Back Up : Westside Independent http://westsideindependent.com/2010/02/05/local-real-estate-market-heating-up-but-will-it-last/comment-page-1/#comment-1188 Upper West Side Rents Creeping Back Up : Westside Independent Tue, 23 Mar 2010 16:33:48 +0000 http://westsideindependent.com/?p=4017#comment-1188 [...] out the whole report here. And see what we had to say about the buyer’s maket here. Post [...] [...] out the whole report here. And see what we had to say about the buyer’s maket here. Post [...]

]]> By: UWS Lover http://westsideindependent.com/2010/02/05/local-real-estate-market-heating-up-but-will-it-last/comment-page-1/#comment-805 UWS Lover Fri, 05 Feb 2010 20:50:59 +0000 http://westsideindependent.com/?p=4017#comment-805 “we have no reason to believe the demand part is going to go down.” I'll give you a few: 1. Taxes are going up in the city and will increase significantly over the short term (especially for the "rich") 2. Jumbo mortgages are extremely difficult to get (over 4mm)... 3. Another deflation wave coming to the US via lower asset prices (stocks) / Euro issues (Greece first domino) / China tightening credit ... 4. ...and of course on the supply side- LOTS coming (UWS new developments!) “we have no reason to believe the demand part is going to go down.”

I’ll give you a few:

1. Taxes are going up in the city and will increase significantly over the short term (especially for the “rich”)

2. Jumbo mortgages are extremely difficult to get (over 4mm)…

3. Another deflation wave coming to the US via lower asset prices (stocks) / Euro issues (Greece first domino) / China tightening credit …

4. …and of course on the supply side- LOTS coming (UWS new developments!)

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