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High-end houses across the country are taking longer to sell

By Patrick following x   2018 Apr 19, 7:29pm 555 views   5 comments   watch   sfw   quote     share    


https://therealdeal.com/2018/04/11/good-luck-trying-to-sell-a-luxury-home-in-westchester/

Manhattan isn’t the only part of the U.S. with a slowing luxury real estate market. High-end homes across the country are taking longer to sell, according to a new report by Concierge Auctions.

A whopping 72 percent of luxury homes in the U.S. spent more than 180 days on the market in 2017, up from 59 percent in 2015.
1   APOCALYPSEFUCKisShostikovitch   ignore (34)   2018 Apr 19, 9:33pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Just double the price.

Then everyone will understand why they're worth buying.

What other asset can double its value overnight?

Real estate never goes down.
2   zzyzzx   ignore (1)   2018 Apr 20, 7:20am   ↑ like (0)   ↓ dislike (0)   quote   flag        

You also need to factor in that they never stopped frantically building high end housing.
3   Malcolm   ignore (1)   2018 Apr 20, 8:00am   ↑ like (0)   ↓ dislike (0)   quote   flag        

People don’t move during winter, didn’t you get the memo?
4   Malcolm   ignore (1)   2018 Apr 20, 8:03am   ↑ like (1)   ↓ dislike (0)   quote   flag        

QUALCOMM just announced that they’re laying off 1200 workers in San Diego.Those are the types of employees that are supporting our current real estate prices I doubt that those people will find a better paying job.
5   APOCALYPSEFUCKisShostikovitch   ignore (34)   2018 Apr 20, 8:22am   ↑ like (1)   ↓ dislike (0)   quote   flag        

Layoffs smayoffs, houses aren't for people who work. Houses are for PRC Army officers expatriating loot and money launderers, exactly the way the Founding Fathers intended.




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