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To: nopardons

I still have vivid memories of 92 etc. when real estate tanked.

Also, in the course of my oh so hectic social schedule I talk to a lot of people. Contracts are being re-negotiated downward, the stuff under $2 mil is staying on the market longer.

The one building that I recently heard of prices actually rising was Courtney Love's building when she moved out.


50 posted on 09/21/2006 8:32:56 PM PDT by durasell (!)
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To: durasell
For the '92 market! My memories of the N.Y.C. housing market of '73-'74 still give me the shakes; even though we DID finally sell and made some money on the co-op. :-(

Pricey and really cheap housing sells the fastest. It's the middle area that always gets hit the hardest when there is a cooling down period.

66 posted on 09/21/2006 8:44:35 PM PDT by nopardons
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