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modesty rewarded, but 'how well?' remains the question

August 29th, 2009 11:32 am
Categorized in: pricing analysis
Sometimes Manhattan Loft Guy gets it right. I posed a question on July 8 that was answered very quickly: will pricing 25% below 2007 hit The Market in a sweet spot? The answer came in an update on StreetEasy the very next day: contract signed. It sure is

one less funny person at The Porter House

August 28th, 2009 7:43 am
Categorized in: Market Trends
I checked in at 66 Ninth Avenue (The Porter House) on August 16 (Porter House loft may be "beyond the beyond" but sells off a million, up 40% or down 25%) to tell a tale of Manhattan loft sellers who recently closed 40% above their November 2003 purchase

did 525 Broome Street get value for the 2008 renovation?

August 25th, 2009 6:30 am
Categorized in: Loft neighborhoods / SoHo
Of course The Market does not care what a seller has to pay, or has paid; The Market only cares about what the seller and buyer can agree upon. In this case, the July 31, 2009 buyer of a renovated loft and the June 19, 2008 buyer of a blank canvas agreed

I Lost My Job

July 30th, 2009 6:18 am
Categorized in: Buyers
If you lose your job while you're under contract to purchase a home, you have options that may allow you to withdraw without penalty.