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…
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…
Thank you, Minmin! I just found it myself.
Here’s the link (I think).
http://www.nytimes.com/2008/11/16/realestate/16deal1.html?ref=realestate
It was posted here on brownstoner…search condos or real estate…about a week ago, maybe two
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.