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Supertalls Discussions of projects under construction at least 300m/1,000 ft tall.
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Old January 28th, 2015, 11:52 PM   #15201
Wbino49
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Ok seven. lol
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Old Yesterday, 12:03 AM   #15202
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ok where do you see 2 more additional would be peaks! lol.
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Old Yesterday, 12:36 AM   #15203
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Quote:
Originally Posted by Wbino49 View Post
Let's not rush here Vanderbilt is probably ten years from happening....the real estate it's set to go on is still in use.
One Vanderbilt will be complete by 2021. Tenants are already getting ready to vacate or already have. Demo begins sometime this year.
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Old Yesterday, 12:55 AM   #15204
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I cannot understand this project. The prices are over the sky. I don't believe to sold the significant amount of that houses. Any idea?
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Old Yesterday, 01:07 AM   #15205
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The value of money is up for debate with all this QE going on around the world. Rich folks seek for alternative investments, some find them in exclusive real estate.
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Old Yesterday, 06:31 AM   #15206
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The value of money is up for debate with all this QE going on around the world. Rich folks seek for alternative investments, some find them in exclusive real estate.
New York City is considered to be a very safe investment market right now. Thanks to Russia's financial troubles and renewed fears of Greek troubles, investors are looking for something safe for an investment. A penthouse will never be worth zero and will likely hold close to its purchase price.
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Old Yesterday, 11:15 AM   #15207
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New York City is considered to be a very safe investment market right now. Thanks to Russia's financial troubles and renewed fears of Greek troubles, investors are looking for something safe for an investment. A penthouse will never be worth zero and will likely hold close to its purchase price.
I think not.
Any investments in G20 countries doesn't go to zero. Every value will rise after a big fall. Also every value would fall after a peak point. Now the 432 is the peak point of NYC.
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Old Yesterday, 12:54 PM   #15208
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I too think that when property is bought as an investment rather than for its function (to live or work in) bubbles are likely to appear. This run to hard assets, bubble or not, shows signs of distrust in the financial markets / monetary system.

Maybe "investment" isn't the right term here since it implies a rise in value. I think it's better described as a way of storing value.
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Old Yesterday, 02:12 PM   #15209
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Exclusive real estates are good investment for only real estate developers or builders. Their prices always are higher than their values. For example the price of my house in Turkey is 1m dollars. I can rent it for 3000 usd per month. Its value is nearly the same as its price. On the other hand, the price of a house by sea at Bosphorus is about 100m usd. But, no one can rent it for 300k usd per month. Because you are paying more to having a privilege.
There is same thing in NYT at 432. You are paying a lot of money for the prestige. You cannot sell the prestige to anyone. Only the developer can sell it to you.
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Old Yesterday, 03:03 PM   #15210
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Quote:
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I too think that when property is bought as an investment rather than for its function (to live or work in) bubbles are likely to appear. This run to hard assets, bubble or not, shows signs of distrust in the financial markets / monetary system.

Maybe "investment" isn't the right term here since it implies a rise in value. I think it's better described as a way of storing value.
Precisely right. The exact same is happening in London.
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Old Yesterday, 09:02 PM   #15211
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Old Today, 05:04 PM   #15212
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Old Today, 05:17 PM   #15213
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When is the crane coming down?
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