Manhattan Real Estate Sales Tumble 38%, While Cash Deals Hit Record

Source: https://www.zerohedge.com/markets/manhattan-real-estate-sales-tumble-38-while-cash-deals-hit-record
Published: Apr 4, 2023
Author: Tyler Durden
Post Date: 2023-04-04 23:14:22 by Horse
Views: 202

"Buyers for the last three quarters have been sitting back, waiting for massive reductions and they're not coming."

Poster Comment:

Blame NYC DA Bragg. Who would want to live in crime infested city with scant garbage collection when they can move out?

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#1: Ada    To: Horse (#0)

Seems the sellers are wearing rose colored glasses and expecting the market to rise again.

Ada posted on 2023-04-05 11:22:33   Reply   Private Reply

#2: BTP Holdings    To: Horse (#0)

scant garbage collection

All the trash in NYC must be put on rail cars and shipped out of state.

I wonder if they do recycling there? We do it in Missouri. But a couple of the workshops had to close because they could not make enough money to stay open even though they get some state support. ;)

BTP Holdings posted on 2023-04-05 21:46:01   Reply   Private Reply