I have a client who has a normally, very valuable condo in NYC. Tried to sell it this year and could not get 70% of what

Jan 16, 2021
11:06:04pm

vegasnative All-American

it was worth pre-covide. This property is worth tens of millions, but would normally be an easy sell. It's on central park. The top of the market in NYC has evaporated.

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vegasnative

Bio page: vegasnative
Joined: Oct 17, 2012
Last login: May 4, 2024
Total posts: 7,677 (724 FO)

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Messages

Author

Time

RE: COVID19 - real estate bubbles popping

mulletino UT,AZ,TX,CO,ID,OR,FL,NM

1/16/21 9:49pm

Housing bubble in my area

letthewookieewin

1/16/21 9:52pm

How might Biden presidency impact the market? Seriously.

Y05

1/16/21 9:55pm

Biden won't really control anything. It is mostly controlled by the Fed who is

crack

1/16/21 9:57pm

9 months later and I still think that guy was trying too hard to brag.

garyfan

1/16/21 9:58pm

I didn't read his whole post, but to be fair, there are parts of the country

crack

1/16/21 10:06pm

Examples like this are probably contributing to Utah’s increasing home prices

maxpowers

1/16/21 10:09pm

Totally agree.

crack

1/16/21 10:12pm

I personally have a relative who has lived in NY for 30 years. Just bought a

Spine

1/18/21 10:48am

I have a client who has a normally, very valuable condo in NYC. Tried to sell it this year and could not get 70% of what

vegasnative

1/16/21 11:06pm

It actually a little scary, only twice in the last 120 years have the housing

Nat Gas Man

1/17/21 6:47pm

No way he bought a home 70cents on the dollar in Utah

Cougarite

1/16/21 10:35pm

Interest rates WILL increase. Possibly this year, or 2022-2023. This will cause

valleus

1/16/21 10:54pm

The question is how much will they go up and how much can the economy sustain?

Cougarite

1/16/21 10:57pm

Increasing interest rates did not decrease prices in the past. Interest rates

johnnybyu

1/16/21 11:32pm

it's all about the deal at this point

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