SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (161583)8/23/2020 8:07:23 AM
From: Pogeu Mahone  Read Replies (1) | Respond to of 219528
 
HOMES

Covid-19 Pounds New York Real Estate Worse Than 9/11, Financial CrashThe city’s high-end market was dealt an unprecedented blow by the coronavirus lockdown. Can it ever fully recover?

By
Katherine Clarke

Aug. 20, 2020 12:00 pm ET

120 RESPONSES


The Covid-19 crisis has delivered a stunning gut-punch to the New York City luxury real-estate market, applying downward pressure at a rate that surpasses both the 2008 financial crisis and the period immediately following the 9/11 terrorist attacks.

In the West Chelsea district, a recently built ultra high-end boutique condominium known as the Getty slashed prices for its remaining units by as much as 46%. One full-floor, four-bedroom apartment at the Peter Marino-designed building was lowered to $10.475 million from $19.5...

TO READ THE FULL STORY