Pandemic’s impact on NYC’s luxury real estate is more devastating than 9/11 or the Great Recession as upscale properties sell for less than HALF their original asking price. That De Blasio sure knows how to run things…………into the ground.
- Luxury properties in Manhattan are selling at deep discounts in the pandemic crisis
- Some sales have closed at discounts of more than 50% from the original asking price
- Overall residential sales volume in New York dropped 52% in July from the same time last year
- Recovery of the market has been slower than after 9/11 or collapse of Lehman Brothers
- The future remains in question as the pandemic, economic hardship, and soaring crime continue to send many New Yorkers fleeing – with an estimated million or ten per cent of the city’s population leaving town
- As property prices plummet, crime soared with shooting incidents up 177 percent last month, compared to the same time last year – with murders up 59 percent for the month and burglaries rising 31 percent
This post was last modified on August 21, 2020
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The only things dems should be allowed to run are restaurants, floral shops and clothing stores since just about anything else they touch turns to shit. With no morals, logic or common sense, it's just the way they roll.
P.S. Don't forget, a vote for Biden is a vote for Chi-Com world domination and a shit storm inside a dumpster fire.
Looks like De Blowhard and Another Obnoxious Clown have gotten an early start on that dip shit redistribution of wealth. What’s happening in NYC and New York State is a preview of awaits the rest of the nation if plugs and mattress back are elected.