Results tagged “overpriced”

If it's Thursday, it means more "Oh, crap, the real estate bubble is bursting" stories!

Curbed points out that "according to a Forbes report culled from data supplied by Hotpads.com," Tribeca is overpriced! The website "produced a price-to-earnings spread for each ZIP code in the nation's 40 largest cities by comparing rental costs with buying costs for similar properties" and blah blah blah 10013 is #1! The zip just edged out Boston's Chinatown to become numero uno. Don't misunderstand, however, Forbes notes that "expensive does not mean always mean overpriced. Consider that a five-bedroom mansion on East 74th Street that once belonged to Eleanor Roosevelt is currently listed for $60,000 a month." Allegedly, this is expensive, but just not overpriced.