Weak luxury condo sales

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Dan Alaimo
Posts: 2140
Joined: Fri Apr 23, 2010 8:49 am

Weak luxury condo sales

Post by Dan Alaimo »

Lakewood isn't New York City, but with all we've been discussing lately this real estate trends article in The New York Times caught my eye.

One in Four of New York’s New Luxury Apartments Are Unsold
A quarter of the new condos built since 2013 in New York City have not yet found buyers, according to a new analysis of closed sales.
https://www.nytimes.com/2019/09/13/real ... -york.html
“Never let a good crisis go to waste." - Winston Churchill (Quote later appropriated by Rahm Emanuel)
ryan costa
Posts: 2486
Joined: Fri Jan 06, 2006 10:31 pm

Re: Weak luxury condo sales

Post by ryan costa »

it is good news for Bobby O's.
"Is this flummery” — Archie Goodwin
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