HowardReal Estate Blogging is Hot!
February 20th 2007 21:05
Green Light for NY Real Estate Bloggers
It's funny that though the real estate market seems ready to crash some more, the need of real estate people for bloggers seems to be heating up. Maybe it is hoped that a little bit of internet fantasy, plus some auto-responders will fire up people to spend their last ounce of credit for some hot Florida real estate. It could be.
There is no denying that some of this real estate being built in Florida is as luscious as ever. But, paying 3/4 million for a house in the middle of nowhere? I don't know, you got me there. Of course that is why the Blackrock Investment group and Tischman Speyer propertieswent for the housing that is in the middle of somewhere, in lower Manhattan to be precise, on East 14th St. Whether they will get something even approaching their $5.4 billion purchase price is sort of doubtful. Of course, if you take 25,000, what passes for middle class families these days, and throw them out on the street. And try to get market rates for all those apartments, maybe you could.
If they lose in their attempt to nullify rent control, the buyers will be financially nowhere.
But, until, we get a monetary system not based on speculation, but based on the general welfare, then lower Manhattan, is also, in a different way in the middle of nowhere.
If you can't produce and have production for the people of every country, then everybody knows that everywhere is nowhere.
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