@J Scott great points and observations.

My advise would be to look at similar homes in the area that have sold and observe what they have that your home does not.

As for the unemployment, this comment is based on my own small observations, but I know a lot of people that are *unemployed* and collecting unemployment benefits but are also working under the table at some job, albeit for less than 40 hours per week.

Although it can be difficult to "catch" problem tenants in action, you are generally better off with hiring someone to drive/walk the property periodically and make observations for you, in addition to giving your contact info to a few "key" neighbors...especially little old ladies with nothing better to do than take note of other peoples business.

Also read those blogs I posted in the other post, and find blogs for the other boroughs too, they have interesting information sometimes about new houses for sale etc...As for foreclosures here is an article from the Observer.. http://www.observer.com/2008/new-york-foreclosures-way-were-still-no-l"In New York City, with its over three million households, the 918 new foreclosures affected 0.030 percent of households.

Spell out what part of the lease they violatedLANDLORD'S NOTICE TO VACATEDate:August 15, 2009To: Mr Tenant123 anystreetyourbuilding, ST 00000To the above Tenant and all others now in possession of the below described premises:123 anystreetyourbuilding, ST 00000You are hereby requested to quit, vacate and deliver possession thereof to the undersigned on or before AUGUST 30TH, 2009.This notice to vacate is due to your following breach of tenancy:UNAUTHORIZED GUEST(S) STAYING MORE THAN 3 DAYSFAILURE TO OBSERVE QUITE HOURS ON 7 AUGUST, 2009SMOKING IN A SMOKE-FREE BUILDING AND APARTMENTYOUR UNAUTHORIZED GUEST(S) MUST VACATE IMMEDIATELY.Should you fail, refuse or neglect to pay your rent, cure the breach, or vacate said premises within 15 days from service of this notice, we will take such legal action as the law requires to evict you from the premises.

I would recommend going to court just to observe sometime though.

I've also observed around here, middle class, hoods and a war zones could all come back with the same crime rate indexes of 5/5.

My casual observation told me that after the 90s "dip" in Texas, housing continued the same upward growth rate.

Be hyper aware of them and observe everything.