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Poll: Most New Yorkers Want Property Tax Increase Cap

A poll shows more than 70% of New Yorkers in every region, in both parties, and in every demographic group support a cap on property tax increases that is already doomed in the Legislature....
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Mayor Wants New Phrase: 'The Bronx Is Building'

Mayor Bloomberg is giving a boost to the gentrification trend that has been rapidly transforming the character of the South Bronx....
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Washington Mutual ending two mortgage types

Ends negative amortizing, Plus program as result of subprime losses...
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Illegal Immigrants Are Good Lending Risks

Illegal immigrants can make good home buyers, according to a new study....
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Americans Are Still on the Move

About 40 million Americans move to a new residence each year, but a greater proportion of home owners are becoming renters than the other way around, according to a national survey by Relocation.com. ...
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Actor DeNiro Emotes To Save A Penthouse

Tough-guy actor Robert DeNiro may be making the Landmarks Preservation Commission an offer it can't refuse: requesting that it overlook an omission connected to his new TriBeCa boutique hotel....
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Anesthesiology Biggie Buys $5.8 M. Condo

These days we barely bat an eyelash when a Russian oligarch buys a trophy apartment in the Plaza or 15 Central Park West, but it's rare to encounter an expat whose personal fortune comes from anesthesiology....
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New Developer Signs $1 Billion Deal to Transform West Side Railyards

Less than two weeks after the collapse of a billion-dollar deal to develop the railyards on Manhattan’s Far West Side, a new developer has agreed to salvage the plan and help keep alive the Bloomberg administration’s campaign to transform the area into a major business district....
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Foreclosure filings in New York increase 25 percent

The number of foreclosure filings in New York was up 25 percent for the 12 months ended May 31, even as the number of filings dropped slightly during the last two months, according to RealtyTrac Inc....
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State bill could end tax breaks for condos, coops

Two town houses in gated Smithtown communities offer similar features and amenities such as a pool and clubhouse -- but one costs less than half as much in property tax as the other. The reason? It's a condo....
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Millions for Foreclosures

Congress and the states are looking at spending what could be billions of dollars on efforts to buy and revamp foreclosed properties. By the time the money is available, they could have models for how to do so, thanks to grants from a group of wealthy philanthropies....
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$70M from Mayor Bloomberg can halt Housing Authority cuts

The New York City Housing Authority (NYCHA) should reconsider its position to slash hundreds of housing services. It would be a wrong move during these tough economic times to shut down community centers and cut programs that offer job training, senior enrichment activities and health care assistance....
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Builders' confidence matches record low

A survey of homebuilders' assessment of the housing market shows the industry's sentiment tied the mark set in December....
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Wachovia Taking New Steps to Assure Borrower Understand Loans

Wachovia Corp., which ousted its top executive after estimating it may lose more than $4.5 billion on adjustable-rate home loans, will start calling would-be borrowers to explain the risks of such mortgages....
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NY financial adviser gets prison for scamming clients

A New York financial adviser who admitted ripping off more than $11 million from 53 clients will be spending the next five to 15 years in state prison....
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