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Originally Posted by deniska
$700-$2000/sq ft for condos in New York.. all you guys paying less then that are very lucky and everything is moving as always
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You got that right. If you live anywhere else consider yourself very lucky. Property in NY is still high, still selling and I unfortunately don't see a major softening coming. They are saying it will be flat, but not a drop like in other places. If it stays flat for 7 years I guess you can consider that the drop everyone is expecting.
Just last week there were two luxury hi rise condo sales launches. One had Seal performing in the lobby and the other had John Legend performing in it. Both of them are now 75% sold. All at cost and all starting at $800k for a 1 bedroom.