New sales strategy...for NYC

Holy crap. A $236k 55 inch tv. Walther, you don't know a bargain of a lifetime if it bit you in the azz. I'll be first at the open house.

FYI. Desperation it is! But I gotta make $236k in two years kinda desperation. It's quite the contagious kinda desperation!

I already have a TV.

I've got a 54 incher! So $1.75mm for the extra inch it iz!

And walther7, don't worry it won't pull down the comps in your building that badly.........-I think?- ;)

Opinion poll: does anyone think this place will sell at this price?

Is it a hi-def crib?

this apartment closed on 12/19/2007 for $1.513m. Prices have dropped 20+% since then and they relist is for $1.749m... no wonder crack is illegal.

WHAT HAPPENED?
I thought the Harrison was kicking ass.
A free TV? WTF?
Could there really be that many doped out buyers out there that this would have any meaning?
What about pony rides for the kids?
Hot stone massages for a simple look see.
I smell trouble.
Now that the Euro printing machine is at full tilt and all those entitlements(aka:socialists)old folks are getting the deal of the century it's just a matter of time until it all folds.
I'm way ahead of myself but,
There was a time when NO ONE wanted to live in this city.
There was a financial industry that employed way more bodies than it does now and a garment industry and many other industries that provided jobs and revenue. Enjoy the place before it tarnishes.

welcome to thunderdome. two men enter (swe/petrfulloshitz) and one man leaves.

A "ladies'" roller derby scenario is more fitting.

The strategy out east is quite comical.
The latest excuse for the poor rental market.

They are seeking more modest seasonal rentals to avoid attention, brokers and industry insiders said. "That's the message that's being conveyed," said a human-resources staffer at a Wall Street investment bank. "We have enough eyeballs on us already, [so] don't do anything really extravagant right now that will attract any more. It's really just common sense at this point."

Andrew Saunders of Saunders & Associates real estate has clients who are holding back this year.

"If we show them something on the higher end," he said, "sometimes people will say, 'It's not the right time.' "

http://www.nypost.com/p/news/local/wall_streeters_avoid_flashing_cash_j4dVsgQsfiE7yGPYThMMAJ#ixzz0nwFudWLo

That is the most BS article I have ever read.

The same RE firm just did this at Superior Ink as well -- but in this case, it is a BMW, not just a TV:

http://streeteasy.com/nyc/sale/470582-condo-400-west-12th-street-west-village-new-york?email=true

They also have "negotiable" watermarked across one of their photos.

I think the size of the incentives should give you a clue that there is a serious pricing issue here. Are the incentives another way to get a transaction done without leaving a mark on the comps? The reason I ask is that this unit was originally listed at a loss for the seller but was quickly bumped up to inline with remaining inventory.

falcogold, I like your style. Same things keep goin thru my head:

"...I smell trouble.
Now that the Euro printing machine is at full tilt and all those entitlements(aka:socialists)old folks are getting the deal of the century it's just a matter of time until it all folds.
I'm way ahead of myself but,
There was a time when NO ONE wanted to live in this city.
There was a financial industry that employed way more bodies than it does now and a garment industry and many other industries that provided jobs and revenue. Enjoy the place before it tarnishes."

I would add that at the peak of the bubble, around 2007 and early 2008, sky-high prices were driven by the availability of cheap debt, as well as delusions.

Now that debt is less cheap and somewhat less available, prices should go down, and WOULD go down in a healthy system, where asset prices responded to supply and demand.

The fact that NYC prices are not falling much despite a variety of hits on the demand side (less stable employment, which you mentioned, most costly debt, rental cost lower than ownership, etc) is a sign that this is not a healthy economic system and SOMETHING'S GOTTA GIVE....

One sure thing is that this is not a stable situation and will not stay the same for long....