Tuesday, January 1, 2013

Income properties in New Britain are less desirable

Bankers have less interest in making loans to income property owners in the city of New Britain since the O'Brien administration is planning to place their fines and fees in front of the bank's lien on the properties.

With that in mind the state board of realtors have publicly stated that they advised its membership to not handled New Britain Properties because the city's edict has plummeted property values by some thirty per cent or more.

fs

4 comments:

  1. The question rises...How do we get the message out to property owners who are uniformed about politics and vote for the same stupid people who are tearing our city down? What is wrong with the rest of us that we do not form a coalition, raise funds and fight back before John McNamara and his ilk destroy our city and property valuations? Who will be our leader? The time is now.

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  2. I agree....something has to be done....all I hear is talk and I see no action...

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  3. What about all those current media stories about the city of New Britain's $30 million dollars Structural Budget Deficit - now that Democratic Alderman Trueworthy thinks that City is in better shape money wise, and that the Council now finds less of a need to increase fines & fees.

    It looks like Global Strategy is telling the O'Brien administration that he can't raise more fines & fees if he hopes to win his re-election for a second term.

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  4. who would want a NB rental property if they gave it to you for free?

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