Posted Jun 4, 2017, 4:38 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,900
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Quote:
Originally Posted by mousquet
These condo towers look great on renderings, but once you've seen the bills, they look quite a bit different.
Everyone must or should realize it's only a niche market for the ultra wealthy at the moment. Not saying it's bad, but unless you can make them more affordable sometime soon, or unless anyone out there becomes a billionaire all of a sudden (allow us to be somewhat skeptical about that), demand for this kind of products is likely to decrease at some point locally. I mean, Manhattan proper got a big share of it lately.
That said, I don't think this market would ever literally collapse either. This standard of living within a city center is too desirable to fail on the long run.
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I would hardly call this a "billiinaire" tower.
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