Attention brokers, SELL ME AN APARTMENT! Downtown edition

i meant to say, based on discussions with banks, i'm confident i can close on the mortgage for a $1.5m purchase price

This is such a lame way to go about purchasing a condo though I think we all doubt that's your true intent here. Obviously, if someone was selling a condo at "2000-2001 levels," they'd just put it on the market per normal course of doing business. If it was an attractive deal, people will come. If not, they'd suffer from empty showings. In any case, they're better off than dealing w/some nutcase on Streeteasy.

Isn't responding to threads like this exactly how people end up on the evening news telling the reporter how they were scammed? I mean seriously, if this is how you intend to purchase an apartment, then you are a complete loser.

"Isn't responding to threads like this exactly how people end up on the evening news telling the reporter how they were scammed?"

Alpine, instead of crying like a baby and pretending not to be a broker (who claims prices are going UP), why dont you use this to your advantage?? Go out and make a living like everyone else, except this time you will need to convince YOUR clients (sellers) to lower their prices. Sure, you might need to sell twice as many places to make the kind of income that your peers made in 2008 (since I am sure you made no sales then either), HOWEVER it can be done.

I can assure you i'm serious. If streeteasy had a button you could click to restrict searches to realistic/distressed sellers, i wouldn't resort to this, but i'm hoping that it will point me towards a few apartments that i wouldn't see otherwise. I know there are a small amount of sellers that have to sell or will soon, and i'm pretty sure that many of them (or their banks) may be willing to sell at a level at which i'm willing to buy. The problem is that the other 90-95% aren't and i don't want to waste either of our times by submitting my bids.

My broker and i look through listings regularly, but i don't have lots of free time to waste trying to determine how much of a discount a seller might take from the ask.

I can assure you that this isn't a scam, and any offer you get will come from my broker in the same manner as if i saw the apartment at an open house. I have significantly over $500k in cash and am willing to close immediately for the right place at the right price.

From a brokers point of view, i think this could make a lot of sense if you have a sellers that needs to sell or will need to soon. You can still keep up the charade and ask $2.2m for a 1500sf on all of your postings and not show others your weak hand. Maybe you'll get lucky and get a better bid than mine. however, if that doesn't happen you will at least have my bid which might be better than the next guy.