This Blog is designed to provide information about buying or renting apartments in Brisbane, Australia.
Sunday, August 30, 2009
Could This Be Happening Here?
"There is also a stash of inventory hovering on the sidelines: new apartments that have not been offered for sale because developers — who put units on the market in phases — fear they will push prices down further.
Mr. Miller estimates that there are 7,000 of these “shadow” units in Manhattan alone and more than 20,000 citywide."