Broker roundtable video
Started by ToRenoOrNotToReno
over 6 years ago
Posts: 119
Member since: Jul 2017
Discussion about
https://medium.com/@noahrosenblatt/talking-manhattan-roundtable-state-of-the-manhattan-markets-98cb0b1440b6 Another great one. Why oh why is every broker EXCEPT Brian Morgan explaining that the inventories are high because sellers' haven't adjusted down their asks to reflect the economic impact of deducting SALT. It aint rocket surgery, folks!
Interesting video. Lots of interesting tidbits, but when you boil it down the common theme that everyone seems to agree upon is that pricing is currently too high.
Brian Morgan has been calling this cycle perfectly for years now.. Definitely a refreshing take imo
Thanks for sharing the video!
"blood in the streets" -- where exactly? All I see from sellers is greed, not fear. Most luxury resales are still realizing multi-million capital gains despite the slow-down, so that's Champagne in the streets, not blood.