2-Bed units starting at $1.5M at $1,200 per sq. ft. Whoever makes up these prices sure isn't connected with the real world facts. Typical NYC arrogant attitude that prices don't go down in the city... Here are some facts that confirms we've entered double-dip for those arrogant price makers. %u201CData through March 2011, released today Case-Shiller Home Price Indices show that the U.S. National... [more]
2-Bed units starting at $1.5M at $1,200 per sq. ft. Whoever makes up these prices sure isn't connected with the real world facts. Typical NYC arrogant attitude that prices don't go down in the city...
Here are some facts that confirms we've entered double-dip for those arrogant price makers.
%u201CData through March 2011, released today Case-Shiller Home Price Indices show that the U.S. National Home Price Index declined by 4.2% in the first quarter of 2011, after having fallen 3.6% in the fourth quarter of 2010. The National Index hit a new recession low with the first quarter%u2019s data and posted an annual decline of 5.1% versus the first quarter of 2010. Nationally, home prices are back to their mid-2002 levels.%u201D
All in all, at the current price per sq. ft., I wouldn't even bother looking at this building.
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