They were at their precious press conference bragging about all these homes "under contract" (of intelligent people know means NOTHING, because prospective buyers must be approved for the mortgage, the structural has to pass, and the appraisals need to come in at the mortgage amount).


Hey DV it's time for you to get out your pom poms and brat about the renaissance in the city and how much it's improving.


The numbers are out.  The city of Schenectady has another WHOIPPING 20% REDUCTION closed sales for the first four months of this year compared to last year.

HOME SALES FALLING big time!!!!!

And the typical sale price is down by over 3% compared to same time last year.  Typical sale price only a paltry $84,000.  

No place else around here has a price under $100,000, actually the "closest low" price is Troy and that is $136,000 which also had a hike in sales so far this year over last year of just over 25%.  Troy really has not been that attractive of a place to go, but they far surpass Schenectady in people wanting to buy homes there and home values are much higher.  

In fact, look at it.  Schenectady's typical home sale price is more than $50,000 lower than the next lowest price.  Another way of stating it, is that with Troy having the "next low" typical sale prices, the home sale prices in Troy are 60% HIGHER than Schenectady.

Also, if you look at the equalization rates in the capital region (looking at Schdy, Albany, Saratoga, Fulton, Montgomery, Schoharie, Rensselaer counties), there are about 4 other municipalities that have equalization rates that exceed 100% but NONE of them exceed 110%   (actually I think I saw one at 108%, two maybe at 104% and maybe another that was between 100 vs 105%.   But Schenectady with an equalization rate of a WHOPPING 123% is EVIDENCE of MASSIVELY FALLING home values!!!!!!!!!    And as the rate last year was 104%, that is indicative of a 20% REDUCTION in home values from last year to this year!!!!!!!!!


So, just what are the homeowners getting in return for their forced investment in downtown?

Just how is all the wild uncontrolled spending on downtown helping the city has a whole?


(Guaranteed anyone who is cheering for downtown absolutely positively will NOT address these FACTS)

It is duly noted that DV Ronnie from Rotterdam is avoiding commenting on these FACTS.

He always avoids commenting/posting anytime he is confronted by FACTS FROM OFFICIAL SOURCES.

The little boy must be running crying to his two nannies now