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help77

Started by help77
over 14 years ago
Posts: 46
Member since: Oct 2010
Discussion about
why is Murray Hill so much cheaper on average? i admit i havent been to the neighborhood in a while so this may be obvious, but does anyone have a less obvious reason? one thing's for sure, im in no mood to buck trends when even in a bubble a neighborhood gets no love...:]...ANYTHING, and i mean ANYTHING that is not of the type (not discovered yet) and that is cheap today, in my view, is the best definition for the term "dead money" as it gets. They're throwing money from the sky and still no bid? just imagine if things returned to a sliver of what they normally are, without the benefit the greatest global debt monetization scheme in the history of the world, adn where that leaves rates.
Response by ph41
over 14 years ago
Posts: 3390
Member since: Feb 2008

One reason may be that Murray Hill has very little stock of 3 BR apartments, so people with 2 kids, who want more than a "convertible" 3 BR are forced to look elsewhere .
That being said, there are lots of families with kids in MH.
Maybe with the lower prices they can afford private schools :)
As one well known designer living in a beautiful apartment in Curry Hill (gasp!!) said, "It's not where you live, it's how you live that's important"

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Response by help77
over 14 years ago
Posts: 46
Member since: Oct 2010

thanks for the reply PH41. has MH always been relatively cheaper (by always i mean over the past 20 years)? at any rate, imo, given the environment, if you can't catch a bid, youre in deep s%$!. would be a lot more open-minded if the lack of a bid was more systemic. sure neighborhoods have the potential to grow into favor, but it would likely take a huge development kick to jumpstart such a turnaround in this case.

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