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Brokers At It Again!

Started by stevejhx
almost 18 years ago
Posts: 12656
Member since: Feb 2008
Discussion about
After meeting with groups of brokers in Manhattan, Pamela Liebman, the president of the Corcoran Group, said she had not heard of a single buyer who had to walk away from a signed contract, though one renter got concessions before signing a lease. http://www.nytimes.com/2008/09/21/realestate/21deal1.html?ref=realestate Come on! Do you really expect us to believe that?
Response by serge07
almost 18 years ago
Posts: 334
Member since: Aug 2008

Hummmm, don't think so & I'm sure the sugar coating will only get better.

Regardless of the propaganda, there are very serious problems out there and it's way too early to quantify the ripple effects to the broader economy, specially that of NY. Credit bubble busts (and this one is the mother of them all) are a very serious economic event and not to be underestimated.

I'm sure realtors would lead us to believe the Greenwich, CT RE market is on the up & up as well. Sure, I'll take three before I'm "priced out forever". :) Last time I heard that phrase was near the peak of the dot-com bubble.

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