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Non-Tech : Investing in Real Estate - Creative Opportunities

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To: renovator who wrote (2690)12/23/2019 6:41:18 PM
From: John Vosilla   of 2714
I thought was going to be way overbuilt three years ago all that new construction especially downtown Brooklyn and LI City?

Money from mainland China has dried up? Offset by money coming in from Hong Kong?

I'm looking and seeing about 10 months of existing inventory in mid Manhattan right now with 11 months lower Manhattan. That is down substantially from 2018 when we had well over year of inventory..

Been following 432 Park Ave for a long time. The ultra high end crash didn't really materialize. See resales from 2015 somewhat lower but these billionaires can take the 10-20%% hit...LOL
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