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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (113118)5/28/2000 1:47:00 AM
From: Joe NYC  Read Replies (1) of 1574262
 
Tim,

OT

Re: Real estate prices.

There were times when the market in NYC has been like a feeding frenzy. Prices well over the initial asking are common. We got our apartment over 2 years ago for the asking price, after initial bid below, but we quickly went up, and fortunately nobody bid higher. I think we were lucky, because we couldn't afford to get into a bidding war (the required down payments are generally 25% for the kind of apartment we got). Now, I am sitting on a nice unrealized gain.

Joe
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