The Long Island Mega Blog

My name is Todd and I have been looking for a house for years. It is interesting how the Long Island housing market has dropped and a lot of the “new homeowners” are foreclosing. Everyone cries when they hear how homeowners all over Long Island are foreclosing and their credit is going down the tubes. Shame! What a pity!!! I do not in the least feel sorry for them at all. Instead, I am pretty happy that foreclosures are rising in Long Island and it serves most homeowners right. I also do not feel sorry for the real estate agents who cannot sell homes because it is now a buyer’s market. Some of them are to blame as well. I won’t mention names, but you know who you are.

I am not talking about the people who lost their jobs. I understand them. I am talking about the people who purchased homes for over $500,000 two years ago and thought the value would go up, so they would have a nice “investment”. Those are the people who prevented me from being able to afford a house, you know, law of supply and demand. They purchased a home that they KNEW they could not afford and thought they could sell it two years later for a profit and look at them now! They are losing money instead of making it. So, now these people are trying desparately to sell their homes before their homes are worth nothing and they lose money resulting in a foreclosure or a short sale. It’s too late, folks. You should have thought of that when you decided to take on a loan that you knew you could not afford for a house that you knew you could not afford. It is a buyer’s market now and you will never recoup your loses. So, don’t even try. Let people like me buy a house for the price that I want, because you know it’s a buyer’s market and cut your losses while they are minimal.

Getting back to the issue at hand, homeowners selling their homes in Long Island must realize that it is a buyer’s market and if you sellers don’t come down in price, you will never sell your home or it will be or already is very hard for you! Period. I don’t feel sorry for the stubborn sellers out their who just won’t budge in price. I hear stories about homeowners who want to sell their homes but cannot because the offers are too low. Wake up, homeowners, and stop being stupid. There’s a reason why you cannot sell your home: Because your price is too high!!! Do you get that or are you just plain ignorant? I hear of sellers who have received a ridiculous number of offers like 20 offers and STILL cannot sell their homes. Face reality. It is not that you cannot sell your homes. It is that you WON’T sell your home because of how stubborn and inflexible you are with prices. If buyers are offering lower prices, than that is the perceived value of your home, not the price that YOU think it is. Does that make sense to you? If not, then you need to wake up or grow up or wise up.

Maybe now, I can finally afford a house. Only time will tell or maybe the stubborn homeowners selling their homes will tell…