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US home sellers are cutting prices as the spring home-buying season intensifies. Over a third of home purchases in February were all-cash transactions. New listings have increased by 14.9% compared to last year. Homebuilders are reducing rates to sell properties.
Looking at a bunch of office to resi conversion opportunities in NYC with pricing below land value. One of the biggest risks: Small % of occupancy with leases for 10+ years. Even buying them all cash to have no mortgage to pay, the expenses are higher than the income...
San Francisco's commercial buildings are hitting the market at massive discounts. Here's why. https://t.co/NfHhl7RpdR
How does a building get to the point of 15k/month is required? Excessive amenities? Poor infrastructure? Mismanagement? Or is this cost inevitable in #NYC for a building old enough? https://t.co/RDjY3h202Q