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Manhattan Home Prices to Drop Most Since ‘80

Started by anon3
over 17 years ago
Posts: 309
Member since: Apr 2007
Discussion about
I think the numbers stated in this article are VERY OPTIMISTIC as they only interviewed RE agents...expect to see a 70-75% drop from peak pricing. No jobs, no bonuses, bonuses taxed, higher property taxes, lower rents.....get out IF you can. The bloodbath has just begun in NYC RE. http://www.bloomberg.com/apps/news?pid=20601100&sid=afditfRjlofE&refer=germany
Response by anon3
over 17 years ago
Posts: 309
Member since: Apr 2007

Also, the lady interviewed for this article is hilarious....she paid a hugely inflated 5.4million for her 1 bedroom!?! apartment and expected to be able to flip it 2 years later for 8.4 million?! Fantasy land...these days are OVER. I'd expect by the time this is all said and done she MAY be able to get about 1 mil for it since the building is well known.

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Response by mdasch
over 17 years ago
Posts: 167
Member since: Nov 2008

You doom and gloom folks crack me up. We should all just kill ourselves before they put a tax on suicide.

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Response by streeteasystalker
over 17 years ago
Posts: 102
Member since: Jan 2007

funniest post of the day mdasch

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Response by 407PAS
over 17 years ago
Posts: 1289
Member since: Sep 2008

Time for a little Dorothy Parker:

Guns aren't lawful;
Nooses give;
Gas smells awful;
You might as well live.

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Response by falcogold1
over 17 years ago
Posts: 4159
Member since: Sep 2008

UWS classic 8................................................................$2.13
What's that you say?
Waiting for it to drop below two dollars?

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Response by falcogold1
over 17 years ago
Posts: 4159
Member since: Sep 2008

What do you think this is?.......................................................Citi Bank?

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