Friday, May 2, 2014

Is this what a bubble looks like?

The penthouse at The Palace on Madison Avenue in midtown Manhattan has a monthly rent asking price of $250,000!

This article has photos of the unit and the question is whether will they find a taker or will it sit empty?

The other question is at what point this bubble-like looking market will crack? 

At rents of $1,000,000 a month maybe?

Read at HAS here.


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