(flickr photo by Phoney Nickel)
Anyone who regularly reads this column know that I find fault with asking prices most of the time in the Manhattan residential real estate market.
Let’s forget about irrational pricing, which can be explained by some combination of the listing broker’s ignorance or hubris and the seller obstinacy or imagination. I’m sure you can add your own explanations as well.
With regard to those numerous condos, co-ops and townhouses with offering prices usually about 10-20 percent too high, the obvious reason for that commonplace situation rests on (more…)
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Out and About: The big lie fools no one
March 12, 2012(flickr photo by Phoney Nickel)
Anyone who regularly reads this column know that I find fault with asking prices most of the time in the Manhattan residential real estate market.
Let’s forget about irrational pricing, which can be explained by some combination of the listing broker’s ignorance or hubris and the seller obstinacy or imagination. I’m sure you can add your own explanations as well.
With regard to those numerous condos, co-ops and townhouses with offering prices usually about 10-20 percent too high, the obvious reason for that commonplace situation rests on (more…)
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Tags:Apartments, Broadway, Central Park, Central Park West, Co-ops, Columbus Avenue, Condos, House prices, Lincoln Square, Manhattan real estate, New York City, Riverside Drive, Terrace, West End Avenue
Posted in Co-ops and Condos, Commentary, Housing Markets, Manhattan, New York City, Out and About, Real Estate | Leave a Comment »