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November 19, 2008
Insurance Against Falling Prices?
I read somewhere (it may have been on a post here) that some developers are offering "insurance" against falling prices by guaranteeing a refund should other units in their buildings be sold at significantly lower prices. Does this ring a bell to anyone? I wish I could find the post/article...
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I'm pretty sure it was in the New York times real estate section of about a week ago. It was in an article on incentives for skittish buyers.
Posted by: Minmin at November 19, 2008 11:28 AM
It was posted here on brownstoner...search condos or real estate...about a week ago, maybe two
Posted by: daveinbedstuy at November 19, 2008 11:30 AM
Here's the link (I think).
http://www.nytimes.com/2008/11/16/realestate/16deal1.html?ref=realestate
Posted by: Minmin at November 19, 2008 11:35 AM
Thank you, Minmin! I just found it myself.
Posted by: zuzubird at November 19, 2008 12:02 PM
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