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2nd Quarter: Apt Sales Rose but Prices Were Flat

Started by PMG
about 16 years ago
Posts: 1322
Member since: Jan 2008
Discussion about
http://www.nytimes.com/2010/07/01/nyregion/01quarterly.html “It’s still too early to celebrate,” Jonathan J. Miller said. Yes, Mr. Miller will wait until he succeeds in buying shadow inventory Manhattan condos at bulk sale levels. Then, He'll break out the champagne.
Response by w67thstreet
about 16 years ago
Posts: 9003
Member since: Dec 2008

I already made $1mm on my apt. I drink champagne Everytime I have a bowel movement.

Oh for an 'owner' who bought in 2004-2007, the current mkt means your 20% down is toast, and add 10% transaction cost plus the bleeding is just taking a momentary breather.... I doubt you can afford champagne at this point. I'd suggest a nice recessions prosecco

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