The market is very soft and is largely held up by government intervention and hedge fund black boxes.

Your NYC market is a double edge sword for the educated buyer that does there due diligence it can be the best market in North America and your timing could not be better near the end of a bust cycle. night mare tenants come and go but wait and see what happens to rents after QE-3 hammers the dollar and the fiscal cliff becomes reality as the government inflates its way to paying for baby boomer ss and medical costs.

Sorry if I sound like a nut...desperate times call for desperate measures...just sent Ocwen a mort-mod package but I will be amazed if the endeavour is fruitful...We make $150K/combined but FRUGAL living (never had honeymoon or vacation) plus medical, stud-loans & the $3700/mo payment is still too-tight.

I went down the personal BK road many years ago due to wife's incredible amount of medical debt when she got hurt at work.

The home owner retrieved a towel from inside his home, the woman dried off, dressed and left.It was at that point he re-entered his home to discover that he had been robbed of a handgun, jewelry and medication.

I purchased a rental house last year from a guy who was involved in a divorce, eviction, bankruptcy, had a mechanic's lien on the property, and had was dealing with severe medical problems due to an injury at work.

> 11/27/2006: An article reported that UPSTATE MEDICAL UNIVERSITY plans to spend $5 to $7 million to add 46 faculty members in Syracuse (Onondaga County).

I am a working class guy--currently working in medical sales. 

Now, I have started a semi-comfy career in medical sales, I now have had the chance to save some money in the hopes of purchasing my first deal in 2020. 

-Back in January he decided to come to the office to tell me that he was going to pay late this month because he has medical bills from getting shot.