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| Re: Future expansion wish list? (878681) | |||
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Re: Future expansion wish list? |
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Posted by trainsarefun on Sun Dec 27 01:19:21 2009, in response to Re: Future expansion wish list?, posted by AEM-7AC #901 on Sun Dec 27 00:05:38 2009. You'll look at networks in other countries and wonder why can't we have a proper electrifcation systemI look at the electrical failures culminating in the recent trouble and I ask why can't we even maintain the sorry arcane 25 Hz stuff that we've got. For fun, I'd want to see the age brackets and see if LI has turned into an island of middle aged adults... Well the new census is coming.... I've jokingly said that LI residents want expensive homes to sell, but that the expensive real estate is why their kids live in the basement at the age of 25 or leave to go to low cost of living areas of the country that are far away. I don't think that monetary policy can keep interest rates this low for long, but who knows. If interest rates go up, since homes are bought mostly on credit and a lot of it, expect a deflation there. No doubt monetary policy did contribute to the housing bubble in many places, but in our region, there's also just plain scarcity to deal with, brought on mainly by some quite stupid laws. To a certain extent, I'd argue that the fear of multiple unit dwellings is for fear that minorities and poorer whites will move into an area and ruin it In the most affluent communities, there's nothing to fear. The less affluent are simply priced out. And while LI has some lovely areas, there are also some just plain scary ones too, even without massive development. Plus, the perverse property tax situation creates a meme among the ignorant that apartment dwellers don't pay taxes, and thus, they're leeches upon the system. It's still silly that it's nearly impossible to build a few apartment buildings within walking distance of a train station on Long Island. I just don't get it. As somebody who may have to liquidate an overpriced home, I'd kill to sell at what my parents purchased the home for in 2006, but I may consider renting out the excess space to pay off the property tax. You might well have to. I suspect that we won't be approaching those old values on LI for quite some time in many market segments. And especially watch those future interest rate predictions. for varying reasons, I am not interested in a garden apartment co-op in Queens. Buy a condo in Queens. There are some pretty good deals around, or at least there were as of a few months ago. One less worry about liquidating the asset if you need to, and the value has tended to keep rather better in most buildings. While LI drivers reaffirm my roadgeek desire for drivers with poor skills to use public transit, I think driving in NYC is far worse. Don't get me wrong - we have awful drivers in NYC too. But I find that what's really bad about LI is that not only are they bad but they're aggressive AND bad with astonishing frequency. I love driving out in the boonies though, I must confess that. I hate driving anywhere else! |
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