If it isn't time to buy why are so many people in Clinton??? HELP!

Don't know 505 , but visited a number of Condos in Hell's Kitchen. The area has a lot going for it, but the buildings have not tended to be the best product. A number of buildings made the news in less than flattering ways.

E, honey, don't go on a public website saying, "I have a pile of money and don't know how to spend it!"

You're likely to get robbed. Espcially in New York. We're are sharks. Listen to mama, and keep your bank account details to yourself.

What's your address honey? I will come over and help you invest your money.

The 505 is struggling with sales, offering discounts for bulk purchases. Pretty big red flag.

http://ny.therealdeal.com/articles/halstead-selling-condos-by-the-bundle

not to be pissy, but haven't you posted this concept a number of times in the last couple of weeks? buy or don't, already.

I think your real question is - given the fact that the rental market seems tight/vacancies are low, why shouldn't you buy in Clinton?

You need to realize that rents are coming down rapidly in Clinton/HK. I know 2 roommates in their 20s who just rented a convertible 3-bed in HK (9th & low 50s) for 1800. While their building does not compare in any way to 505, I'm just giving you an example of why there are "so many" people in Clinton/HK. Rents are coming down, there are many small landlords who have the financial latitude to reduce rents. But this does not mean you should rush into buying into 505.

What does HK stand for again? {insert irony emoticon here}

EJ016 is the same moron who started a similar thread (basically, just a bunch of crap)...

http://www.streeteasy.com/nyc/talk/discussion/10014-bought-in-1984-for-98know-worth-500k-but-with-a-dreaded-1300-maintenance-what-to-do-advice

I don't really understand the motive behind acting like someone you're not.