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Fright capital lifts NYC condo RE

Started by JButton
about 14 years ago
Posts: 447
Member since: Sep 2011
Discussion about
Response by huntersburg
about 14 years ago
Posts: 11329
Member since: Nov 2010

Look at the Euro. They are falling apart.

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Response by Brooks2
about 14 years ago
Posts: 2970
Member since: Aug 2011

only her listings, no where else..lol

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Response by falcogold1
about 14 years ago
Posts: 4159
Member since: Sep 2008

Dolly refinanced 7 times in two years.
Dolly's got some time to kill between big sales which naturally sell themselves. Begs the question, what do we need Dolly for?

Eye candy!

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

Doese frightcapital have anything to do with apt23?

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Response by Riversider
about 14 years ago
Posts: 13573
Member since: Apr 2009

I agree with this story. The crisis in Europe, fear of capital controls, currency devaluation or markedly higher tax rates are great catalysts for getting the Uber-Wealthy foreigners to buy here in higher numbers. When I hear postsers talking about the Euro going up 2% against the dollar, or that they these same people may want to diversify out of the U.S. I can only conclude that these posters "don't get it". NYC real estate is the money market account of the foreign rich. If NYC real estate declines in price by 5% that's a whole lot better than seeing French tax rates go up 90% or seeing your Greek Euro bank account forcibly converted to Drachma and lose half your purchasing power, or worse yet having the Russian or Chinese gov't confiscate your assets.

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