Feb 20, 2012 4:31 PM
It was reported last week that someone recently paid the highest price ever for an apartment in Manhattan—a whopping $88 million! That news caused many speculators to crow that not only was the sale good news for the New York City real estate market, but also for the future of real estate here on the East End.
Now, I’m all for the economy bouncing back but, aside from the agents who represent these kinds of sales, I’m having a hard time swallowing that this kind of outrageous pricing is a good thing for the rest of us. Honestly, the first thing I thought of when I read about the sale was the 1973 film “Soylent Green,” which starred Charlton Heston and was set in a dystopian future when the cost of... more
Now, I’m all for the economy bouncing back but, aside from the agents who represent these kinds of sales, I’m having a hard time swallowing that this kind of outrageous pricing is a good thing for the rest of us. Honestly, the first thing I thought of when I read about the sale was the 1973 film “Soylent Green,” which starred Charlton Heston and was set in a dystopian future when the cost of... more
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