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StreetEasy

even male escorts can spot a bubble

Started by inonada
about 14 years ago
Posts: 8031
Member since: Oct 2008
Discussion about
Interesting story: http://m.habitatmag.com/Publication-Content/2012-March/Featured-Articles/Settlement-Condo-Male-Prostitution-Case Main takeaway is $3150 for a $1.3M condo bought in 2008, 34x price-to-rent, or 29x if you drop it to $1.1M to account for prices dropping.
Response by Riversider
about 14 years ago
Posts: 13573
Member since: Apr 2009

It's a cash business. The argument could be made that the hooker was priced out of the market due to unavailability of liar loan financing. If he had only taken receipts and paid taxes(I doubt) perhaps he could have gotten a HUD loan

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Response by caonima
about 14 years ago
Posts: 815
Member since: Apr 2010

only the stupid low-price hookers got sacked. much more hookers are doing extremely well in NYC now than ever.

that's why there's even a paid article on NYT talking about harlem rebounds days ago

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Response by huntersburg
about 14 years ago
Posts: 11329
Member since: Nov 2010

caonima is an expert in high-priced hookers?

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Response by caonima
about 14 years ago
Posts: 815
Member since: Apr 2010

NYCMatt, because it's competetion to lobbying

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