Bam - I could afford to buy one of those places for CASH. But even rich people (like me - and there isn't enough of us in Philly for all the supply of overpriced condos) don't like to lose money. You don't get rich by being stupid. Prices will continue to fall over the next 12-36 months. Busts always follows booms - it's all cyclical. Speculators drove much of this market and they are now either gone or holding the bag and looking for the greater fool. Philly is not NYC.

Good luck.

http://thehousingbubbleblog.com/

p.s. A year ago, Turchi personally told me he was counting on NYC workers moving to Philly and commuting from Philly to NYC every day to buy his supply!!! What a JOKE!!!!!!!!!

Gekko you sound petty and, quite frankly, pretty ridiculous.

Did Turchi steal your lunch money as a kid? not let you sit at the cool kids table?

relax, it's just a piece of real estate and it apparently has nothing to do with you.

The problem with this building is that it is too high on the list of places that if you can afford to live there......you can afford to live somplace better.

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Forget it Jake……It’s CHINATOWN!

Welcome back Londoner.......this forum has been really boring lately. Count Funkula trys to introduce some drama once in awhile but we can use more.

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Forget it Jake……It’s CHINATOWN!

Ha, ha. Very true.

A-hem. Our style units are sold out. The very expensive top floors still remain.

The only people in trouble are the big risk takers who can't afford to buy in the first place. Also, I disagree.... now is a great time for buyers! The supply is very high, so buyers can get great prices. bamhiest's statement is spot on correct.

So you're coming down substantially from your earlier 459K asking price, since you have not been able to sell at that price in the month and a half since you first posted it for sale here??? Maybe we should have a Phillyblog betting pool to guess your eventual actual sale price.

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Cheers,
Jayfar
--
“I am indeed well aware of the history of Conventional (sic) Hall, both globally and locally, and can assure you that we are carefully exploring avenues for its future.” -- Penn President Amy Gutmann 5 days before demolition began.

I was just in there recently. More than 60% of the building is available. This includes almost ALL the penthouses as well as many other units on both the interior and exterior. Nothing on the interior side court yard is worth more than $320/sq. ft. in my opinion. I mean its kind of strange. The exterior side is nicer, but I wouldn't pay what they are asking. They still have a lot of the lower units available there as well. Murano has 1000 sq. ft. 1 bedrooms as high as floor 15 for $455k so these guys are mispriced.

Lets take it easy on the dude. sheesh. No one likes to pay a note on a unit they cant sell, or rent. (rich, middle class or poor)

Best of luck with your sale, I bet 389k would get it done.

I looked at 23 before I bought at Murano. 23 has nice layouts and appliances but i worry about the surface lot next door and sunlight. For the money, I dont know why you wouldnt buy at the Murano. I'm suprised to hear that a 15floor 1BR is only 455k. Seems like a good price.

To the original poster, I would re-price your Condo at $399K+ $30K for parking. Good luck with the sale!