The real estate profession is trying to will the harmful housing bubble back into being, by magical thinking. The most expensive house on the street is a bad buy, even during a seller's market. There are a large number of nice houses that have been on the market for years now, at slightly above the $100,000 range. That nice colonial on Eastern Parkway, decent condition but slightly shabby/grimy, listed at $99,999 and looking for offers, that house sold within WEEKS. It is a buyer's market, no doubt about it, and the intelligent buyer in Schenectady knows that she needs to get an even better bargain to make up for all the minuses of buying in Schenectady. McCheese and co. are evidently looking for the gullible, uninformed, unqualified buyer. The housing market will start to work again in Schenectady when McCheese mans up and does something he is supposed to do, fix the ridiculous taxes. He is supposed to be working for Schenectadians, not realtors or employees or potential future residents he thinks will be a better fit with the crazy ideas he got from people like BS. |