Comments on: Who Will Better Address the Hoboken Housing Market Issues? Obama or McCain? http://hobokenrealestatenews.com/2008/09/27/who-will-better-address-the-hoboken-housing-market-issues-obama-or-mccain/ What buyers and sellers need to know about Hoboken condos and real estate. Mon, 06 Feb 2012 19:46:18 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Heidi http://hobokenrealestatenews.com/2008/09/27/who-will-better-address-the-hoboken-housing-market-issues-obama-or-mccain/comment-page-1/#comment-570 Heidi Fri, 03 Oct 2008 20:10:55 +0000 http://hobokenrealestatenews.com/?p=269#comment-570 What was the reasoning that Hoboken should be hit harder than, say, Manhattan? I would have thought that the bankers who bought the super expensive condo and who now cannot afford the payments might actually opt to get out of the city and settle in NJ or Brooklyn while they get back on their feet. No? What was the reasoning that Hoboken should be hit harder than, say, Manhattan? I would have thought that the bankers who bought the super expensive condo and who now cannot afford the payments might actually opt to get out of the city and settle in NJ or Brooklyn while they get back on their feet. No?

]]> By: Lori Turoff http://hobokenrealestatenews.com/2008/09/27/who-will-better-address-the-hoboken-housing-market-issues-obama-or-mccain/comment-page-1/#comment-564 Lori Turoff Tue, 30 Sep 2008 13:27:28 +0000 http://hobokenrealestatenews.com/?p=269#comment-564 Sorry for the delay in your post, Rob. I don't disagree that Hoboken will be affected by any downturn that hurts Manhattan. The severity of it, however, is yet to be seen. People still need a place to live. They get married, have kids, transfer for jobs, move to this area for a job, etc. If the fundamental reasons why a neighborhood is attractive are there (good transportation, services, lifestyle)there will be a demand for housing. In our case I believe people who cannot afford Manhattan, like perhaps some from the financial sector who have found new but lower paying jobs or with smaller bonus may still turn to Hoboken as an alternative. - Lori Sorry for the delay in your post, Rob. I don’t disagree that Hoboken will be affected by any downturn that hurts Manhattan. The severity of it, however, is yet to be seen. People still need a place to live. They get married, have kids, transfer for jobs, move to this area for a job, etc. If the fundamental reasons why a neighborhood is attractive are there (good transportation, services, lifestyle)there will be a demand for housing. In our case I believe people who cannot afford Manhattan, like perhaps some from the financial sector who have found new but lower paying jobs or with smaller bonus may still turn to Hoboken as an alternative.

– Lori

]]> By: Rob http://hobokenrealestatenews.com/2008/09/27/who-will-better-address-the-hoboken-housing-market-issues-obama-or-mccain/comment-page-1/#comment-561 Rob Tue, 30 Sep 2008 01:52:53 +0000 http://hobokenrealestatenews.com/?p=269#comment-561 According to BusinessWeek, yesterday online posting, Hoboken will be the the third town hit hardset by financial crisis to follow Daren CT and Bloomington, Ill... http://images.businessweek.com/ss/08/09/0925_crisis_towns/4.htm What do you have to say as a real estate agent? It seems like Hoboken looses its immunity... According to BusinessWeek, yesterday online posting, Hoboken will be the the third town hit hardset by financial crisis to follow Daren CT and Bloomington, Ill…

http://images.businessweek.com/ss/08/09/0925_crisis_towns/4.htm

What do you have to say as a real estate agent? It seems like Hoboken looses its immunity…

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