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| Economy |
| Homes That Sold for Around $1.5 Million |
| 2021-06-27 |
| [NYT via DNYUZ] Each week, our survey of recent residential sales in New York City and the surrounding region focuses on homes that sold around a certain price point, allowing you to compare single-family homes, condos and co-ops in different locales. The "list price" is the asking price when the property came on the market with the most recent broker. The time on the market is measured from the most recent listing to the closing date of the sale. New Jersey | 5 bedrooms, 3 baths |
| Posted by:Besoeker |
| #5 "Past performance is no guarantee..." |
| Posted by: Frank G 2021-06-27 12:07 |
| #4 ^ Michael Burry calls this the Mother of all Investment Bubbles now (crypto, meme stocks, real estate, Tesla etc) Bitcoin owners are levered at 100:1. For comparison, Dick Fuld levered up Lehman Bros. to 44:1 just before the crash in 2008 Brace for impact |
| Posted by: Themp Glesh1785 2021-06-27 11:46 |
| #3 I heard on the radio the other day that the usual suspects, speculators, have shifting into property. Buying it like stocks. No intentions of living there. Not even flipping in the quick repair/upgrade sense. It'll collapse like they all do and we'll be stuck with paying for it one way or another. |
| Posted by: Procopius2k 2021-06-27 11:29 |
| #2 The land prices locally are insane: Everybody is Buying and Nobody is selling. We (finally) called a Realtor at 0900 and had two (2) firm offers by Noon. How much of this is "inflation hedging"? |
| Posted by: magpie 2021-06-27 09:44 |
| #1 Adam Smith says its the invisible hand telling you to go live elsewhere. $995 a month in taxes You don't own it, you lease it from the government. |
| Posted by: Procopius2k 2021-06-27 07:33 |