Manhattan Home Prices to Drop Most Since ‘80
Started by anon3
over 17 years ago
Posts: 309
Member since: Apr 2007
Discussion about
I think the numbers stated in this article are VERY OPTIMISTIC as they only interviewed RE agents...expect to see a 70-75% drop from peak pricing. No jobs, no bonuses, bonuses taxed, higher property taxes, lower rents.....get out IF you can. The bloodbath has just begun in NYC RE. http://www.bloomberg.com/apps/news?pid=20601100&sid=afditfRjlofE&refer=germany
Also, the lady interviewed for this article is hilarious....she paid a hugely inflated 5.4million for her 1 bedroom!?! apartment and expected to be able to flip it 2 years later for 8.4 million?! Fantasy land...these days are OVER. I'd expect by the time this is all said and done she MAY be able to get about 1 mil for it since the building is well known.
You doom and gloom folks crack me up. We should all just kill ourselves before they put a tax on suicide.
funniest post of the day mdasch
Time for a little Dorothy Parker:
Guns aren't lawful;
Nooses give;
Gas smells awful;
You might as well live.
UWS classic 8................................................................$2.13
What's that you say?
Waiting for it to drop below two dollars?
What do you think this is?.......................................................Citi Bank?