“Will the median River North condo price be higher than it is today 10 years from now? Of course. Two years from now? Probably not. The point is people need to stop treating for-sale residential real estate as if it is a stock-like asset class. It’s not. The flippers have packed it in, and that is a good thing. The current pain in the market will prove to be a positive for the long-term health of the market…”
— Sam commenting on our post about 9 West Erie, a 14-story condo tower being marketed in River North
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Comment of the day: Stop treating homes like stocks
“Will the median River North condo price be higher than it is today 10 years from now? Of course. Two years from now? Probably not. The point is people need to stop treating for-sale residential real estate as if it is a stock-like asset class. It’s not. The flippers have packed it in, and that is a good thing. The current pain in the market will prove to be a positive for the long-term health of the market…”
— Sam commenting on our post about 9 West Erie, a 14-story condo tower being marketed in River North
AUTHOR: barry pearce