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April 3, 2018 04:31 pm PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/XfAaTHJj5SM/unsafe-deposit-boxes-in-the-sk.html
The Manhattan property bubble is bursting
Donald Trump's budget sought to punish blue states by removing income tax deductions for mortgage interest on high-ticket real estate; this was enough to prick the Manhattan property bubble, with co-op and condo sales volume dropping 25% year-on-year for Q1/18; the majority of red ink is in the luxury property market, where Q1 prices fell 15% year-on-year. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/XfAaTHJj5SM/unsafe-deposit-boxes-in-the-sk.html
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