RE: Stock Market Crash- YOU ARE IN ONE. - 361
NYC real estate has been going down for a couple of years but now the lower end - $1 million one bedrooms and studios - are about to reach 2010 levels. This is the first time I have heard him panic. Of course he still gets great commissions but everything is much more difficult to sell. He had one 400 sq ft studio listing (a big closet with $1,200 a month hoa fees) in the west village that he couldn't move for over a year at $495,000. Unheard of just two years ago.
Thank you for the SBI. I have no clue if they are worth it or not because the system confuses me but I figured since my vote is worthless I can at least reward you with a share that should pay out to you on almost every post. Better than just a worthless upvote and good wishes - lol!
$1,200 a month HOA fees sounds too much even for a million dollar condo but maybe that includes 2 parking spots. lol
Maybe USA real estate will begin to balance out. I think the places like the coasts seem overpriced but some of the midwest is very affordable.
No parking, no doorman, walk-up.
Wow! That's #insane!!! I used to want to live in NYC but was turned off by living in an apartment or high rise. I might try Vegas.