2 years ago

merely Balenciaga Purses affluent are feeling

Luxury Manhattan Real Estate Could Fall Another 50

Even Barron which forecast in November a New York real estate decline, seems surprised by the velocity of NYC luxury market crash. Sales were down 40% while prices declined 20% in Q408. Look out, says Barron Leslie P. Norton: High end NYC apartments and townhouses could fall by another 30%50% and recovery will be protracted.

Two years into a nationwide downturn, NY is just starting to feel housing pain. Yet feel it it is as the city faces a perfect storm of hardertoget ($650K+) loans, higher down payment and credit score requirements, disappearing Wall St. jobs and a glut of condo conversions. Purported housing bubble inflators such as foreign buyers and hedge fund managers have retreated. Even the merely Balenciaga Purses affluent are feeling stock market shock.

The average Manhattan apartment still costs $1.6 million, while top apartments are going for as high as $6580 million. Yet highend inventory rose 65% in Q408 even as ultra luxe residential projects like the refurbished Plaza Hotel cut prices. Condo conversions citywide are barely selling.

Manhattan 'burbs offered no shelter: Greenwich, Conn. and Westchester, NY, for example, saw a http://www.balenciagatop.com/ 30%+ drop in sales.

Housing expert Ivy Zelman says NY housing bubble was particularly frothy. Zelman foresees a 46% decline before prices become again. Goldman Sachs predicts condo price declines of 35%44%.

True that onceinalifetime deals like Brooke Astor $46 million penthouse can now be had for $29 million, but how much less will that be in 2009? Buyer beware..

2 years ago

Martis Balenciaga Bag Sale Camp

If youre in the market for Tahoe luxury properties, then you should be looking at Martis Camp real estate. Martis Balenciaga Bag Sale Camp is a 2,177-acre private community located in historic Martis Valley, near Truckee, CA. There is plenty to love about this luxurious community which has been dubbed by Forbes one of the best four-season private communities in the United States.

Martis Camp is truly the place to live if you enjoy an active lifestyle. Its easy to find a home, or second home, that offers incredible golf courses, but it is nearly impossible to find a community that also boasts world class skiing as well. Spend the summer teeing off on a golf course that was named the third best new private golf course by Golf Digest in 2009, and spend the winter hitting the slopes on over 3,000-acres of terrain and 97 trails. As if thats not enough, to gorgeous Lake Tahoe and all of the fine eating and amenities money can buy.

Martis sound also satisfies the needs of those who are looking for solace away from the hustle and bustle of the big city. Located within Martis Valley, Martis Camp blends effortlessly into the beautiful High Sierra landscape. Spend your days breathing in the fresh air, relaxing at the spa, or sipping margaritas on the shores of Lake Tahoe.

Perhaps the best part of living in the lap of luxury in Martis Camp is the family friendly atmosphere. The Family Barn, which is essentially a second clubhouse, is an 18,000-square foot complex that boasts an outdoor swimming pool, indoor basketball court, 44-seat movie theater, a bowling alley and much more. Activities for the whole family are scheduled year round, including scavenger hunts for the kids, yoga and art classes, and wine tastings.

So if youre looking at Tahoe luxury properties, dont pass up the chance to live in a pristine community that affords the http://www.balenciagatop.com/ perfect balance of relaxation and recreation. Discover what all of the talk is about and look into Martis Camp real estate!