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Only Three Homes Over $4 Million Found Buyers in Manhattan Last Week(oh but, I keep hearing how well RE market is doing)
Mansion Global ^ | May 25, 2020 | Beckie Strum

Posted on 07/24/2020 6:46:17 PM PDT by Vendome

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To: dragnet2

I don’t think anyone lives in San Francisco anymore

I go there once or twice a week and it’s empty


21 posted on 07/24/2020 7:13:59 PM PDT by Vendome (I've Gotta Be Me https://youtu.be/wH-pk2vZG2M)
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To: Vendome

They’re building and selling ones that cost that much here north of Indy, in what was a cornfield 2-3 years ago


22 posted on 07/24/2020 7:16:55 PM PDT by digger48
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To: Vendome
I figure that in a year or two they will run back to the city.

The ones that stay will have learned some manners. And that in the summer you wear a sundress or shorts and t-shirt not head to toe black.

Oh... and don't ask for the vegan option at the diner. Vegetarian we can do, vegan is not really big out here.

23 posted on 07/24/2020 7:17:02 PM PDT by Harmless Teddy Bear (And lead us not into hysteria, but deliver us from the handwashers. Amen!)
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To: Vendome

My neighborhood is doing awesome. 4 homes out of 77 have been put up for sale and 3 already sold. These are homes in the 250-289K range.


24 posted on 07/24/2020 7:21:19 PM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016)
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To: Vendome

The safe suburbs of New Jersey and the rural areas are selling like hotcakes, homes are on the market for less then three days before multiple offers come flying in from desperate New Yorkers trying to escape the shiathole

Hey if they are working from home and just saw their neighborhood get torched by uncontrolled mobs of leftist scum, you will run away quick as well.

My parents own a home in PA and in their area they usually have an inventory of 300 homes on average, now it is around 30 and anything with a lakeview or frontage sells in three hours on average, and it is in a gated community. The New Yorkers are realizing the police are not going to protect them anymore.


25 posted on 07/24/2020 7:22:50 PM PDT by Trump.Deplorable
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To: Vendome

NY is being destroyed by its commie politicians, no sane person wants to move there!


26 posted on 07/24/2020 7:25:25 PM PDT by faithhopecharity (Politicians are not born, theyÂ’re excreted. Marcus Tullius Cicero (106 to 43 BCE))
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To: Harmless Teddy Bear

Hey now, I live in Texas and I often wear all black in the summer. :P


27 posted on 07/24/2020 7:27:34 PM PDT by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: faithhopecharity

New York is done, sorry, this isn’t temporary, DeBlasio just proved that he is worse then Dinkins and that is some accomplishment.

1970’s New York all over again

It took Donald Trump and Rudy Giuliani to bring back NYC in the 90’s and 2000’s, Bloomberg kept most of Giuliani’s policies.


28 posted on 07/24/2020 7:32:08 PM PDT by Trump.Deplorable
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To: Trump.Deplorable

I completely agree. With telework on the horizon, who wants to pay 75% of their income towards rent just to be near work, when you can be near work anywhere in the country?


29 posted on 07/24/2020 7:41:52 PM PDT by Jonty30 (What Islam and secularism have in common is thp at they are both death cults.)
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To: Vendome
Like all great cities, New York will probably come back -- but frankly I think it's about 1000 years too early to buy there now.


30 posted on 07/24/2020 7:43:56 PM PDT by Sooth2222 ("A conservative is a liberal who got mugged the night before" - Frank Rizzo)
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To: pghoilman

I live in Conroe Texas, my Neighbors house sold in 2 days.
It’s a nice place, but that was very quick, at least for my little area.
Just anecdotal stuff.


31 posted on 07/24/2020 7:45:58 PM PDT by TexasM1A
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To: Trump.Deplorable

understood.
it is tragic one of the world’s leading cities is/has been
led right down into the swamp


32 posted on 07/24/2020 7:47:30 PM PDT by faithhopecharity (Politicians are not born, theyÂ’re excreted. Marcus Tullius Cicero (106 to 43 BCE))
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To: Vendome

Riots will have a bigger impact than corona


33 posted on 07/24/2020 7:49:57 PM PDT by inchworm (al)
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To: Vendome

Cities need to die.


34 posted on 07/24/2020 7:57:15 PM PDT by Phillyred
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To: Trump.Deplorable

New Yorkers killed much of the pocono region.


35 posted on 07/24/2020 7:59:49 PM PDT by Phillyred
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To: Vendome

Where I live, the market in the outer suburbs and rural areas is doing great.

City? Not as much.

The double-whammy of the china plague and the urban riots seems to be reversing a trend of the last decade or so of moving to cities.


36 posted on 07/24/2020 8:12:23 PM PDT by sitetest (No longer mostly dead.)
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To: Vendome

“In nine weeks, the borough has seen just 25 luxury homes enter into contract....”

I’m reminded of the Jack in the Box commercial where Jack is standing outside a corded off area where a guy is sitting inside with a sign that says answers, $1 Million dollars. Jack asked him if he had any takers. The guy said no, but it only takes one.

The typical real estate commission in NYC is 5% to 6% of the sale price. If that three-bedroom condo on the far West Side has an asking price of $5.15 million, that’s a medium commission of $283,250 for that one sale for the realtor. The average salary in New York, NY is $77k with a wages increase of 1.9 percent in Q2 2020. If you do the math, the sale commission for that one sale is around 73% more than the average yearly wage in New York. I somehow don’t think there is a problem there. You know they can sell housing for half what that condo is asking and still make make more than double what the average New Yorker makes in an entire year. In prospective, it’s a whining shame.

rwood


37 posted on 07/24/2020 8:25:33 PM PDT by Redwood71
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To: Vendome

Long Island has been exploding - houses up 20% and going well over asking, selling in 2-3 days


38 posted on 07/24/2020 8:29:19 PM PDT by PMAS (All that is necessary for the triumph of evil is that good men do nothing)
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To: Vendome; matt04; neverevergiveup; Gay State Conservative; raccoonradio; NautiNurse
Since mid-March 2020, we've seen tens of thousands of cars with NY license plates here in Connecticut. That's never been typical here in northern CT. Yesterday I saw people with NY plates stopped at a house for sale about 2 miles from here writing down information from the real estate sign at the front of the house.

We've seen many New Yorkers in Rhode Island and parts of Massachusetts as well. Just heard today on Howie Carr's radio show that New Yorkers have been *all over* Cape Cod, MA for months.

Most of us have heard that Florida has been invaded by New Yorkers since mid-March (and tens of thousands of 'em brought COVID-19 with them).

Of course that's all anecdotal, but I highly doubt that a LOT of people who formerly lived in de Blasio's NYC will be going back.

39 posted on 07/24/2020 8:39:49 PM PDT by nutmeg (Mega prayers for Rush Limbaugh)
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To: Rennes Templar

Yep, it hotter than ever here, right now.


40 posted on 07/24/2020 8:42:16 PM PDT by Troublemaker
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