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Forget about the stock market and buy a home (NY)
Wow, what a crazy couple of weeks it has been…

First the debt ceiling debate – which was nothing if not exhausting – and then the Dow dropped 1,147 points, in the process losing more than nine percent of its value, over a three-day trading period…Of course, there is plenty of healthy debate whether the stock market ‘crashed’ or if it was just simply going through a natural ‘correction,’ but no matter how you slice it, the result is going to effect the economy and the aftershocks will, as well, affect the way people view the stock market in general.
http://www.maxreturnsrei.com/blog/2011/08/forget-about-the-stock-market-and-buy-a-home-ny/

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Know when to hold em’, Know when to fold ‘em…
Never thought I’d be working Kenny Rogers into a blog posting, but here goes nothing….

In the song, “The Gambler,” Rogers gives us those proverbial words of advice that almost every one of us remembers by heart: “You gotta know when to hold ‘em; know when to fold ‘em; know when to walk away; know when to run…”

Many New York home owners, these days, are feeling the heat to sell a Long Island house ‘fast’. But it is no easy task right now to sell a house in Suffolk County ‘fast’, or to sell a home in Nassau County, either. Some home owners who cannot sell a home in NY (or are not able to get the right value) persist in finding ways, month after month, to be able to meet their mortgage obligations. Every month is just, for them, another sad and stressful episode of a show they star in, called, “Delaying the Inevitable.”

Such folks make mortgage payments by relying on plastic, and go further and further into credit card debt with every statement. Others cash out retirement savings to be able to make their payments, and others end up borrowing dangerously large amounts from friends and family members to keep their heads above water…
http://www.maxreturnsrei.com/blog/2011/07/know-when-to-hold-em-know-when-to-fold-em/

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