$1.28m --> $999k @ Jasper

Ouch. You are right mazdamp, those who bought early here are going to get hurt.

Still needs to come down to about $750,000. My best guess it will. But then again what do I know.

they just raised this back up to its original $1.28. ... actually, when comparing this to the unit that we bought, when i saw the price reduction to 999, i thought it brought it better in line with the pricing of our unit. now that it's back up to the 1.28, i think it is again overpriced. but really, this is a function of the specific unit being overpriced.

What matters is not what price they brought it up to now, but the ultimate sale price. That remains to be seen.

What are you guys talking about? There is no price decline. They jsut raised the price back up!

that's what i said, alpine. it was 1280k --> 999k --> 1280k. i guess these are games that the developer plays. obviously the list price is not that meaningful; it's just a list price. still, i am biased. i hope the best for the jasper! :-)

Stupid me. I should have bought the place on the 8th for $99k, and sold it for a $300,000 profit on the 11th. Oh well. There goes my retirement plan...

*$999k*

luciato - i think the units here are overpriced (not to mention you have to pay RE taxes). The developer offered me a 790k studio for 700k. Sales are not doing that well. I think they will have a tough time selling the apartments in this building.

It's Kips Bay - land of the 20-something renters...

Not sure why anyone would buy there. That building is sandwiched between a welfare center and a building that dumps its garbage all over the street. I walk by the building on my way to and from work and definitely think any potential buyers demand a significant discount for the undesirable location.