New York City Home Discounts Are Everywhere

 

Who are the people who benefit from Fed created money first and most? The folks on Wall Street and in Washington DC. But Fed created bubbles (and all bubbles) pop.

(From Bloomberg)

In the third quarter, buyers got median discounts of 6.3 percent in Tribeca and 6.1 percent in Flatiron, according to data from StreetEasy. Midtown, where ultra-luxury condo towers are proliferating on Billionaires’ Row, had the biggest cuts in Manhattan—a median of 11 percent.

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