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About nine months after closing on her second-floor one-bedroom at the Vista at 206 Front Street in Vinegar Hill, the broker who owns it is looking to cash in her chips and move on. While the exact closing price is unclear, the 540-square-foot apartment was originally listed for $370,530. So what’s the asking price less than a year later? $485,000. Seems like a stretch to us.
206 Front Street, #2D [NY Times] GMAP P*Shark
The Vista and J Condo Get Their TCOs [Brownstoner]


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  1. bla bla bla. broker this, broker that. how about a statement of fact – the owner of this place does this for a living, and she does it quite successfully – so i’m going to go out on a limb and say that she has a better sense of how to present and price the place than commenting ADAM.

  2. The rent=buy comments don’t make much sense.

    When you buy if you have a 30 year loan it is fixed for 30 years and then goes to zero. If you rent it generally goes up most years and never ends. Thus, if you are looking for a home to spend the next 50 years of your life you will probably save vs renting in the long term no matter how overpriced it is today. That is why you don’t find condos priced where you can make a profit or even break even today after securing a zero-down mortgage, because that of course is almost printing money. The question is how much money and time you need to front (and give up other opportunities to invest your money) before making money. The average person’s patience to get their money back is what sets the price.

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