I just love to shop other places and am expecting a big rent increase, so wanted to know what other luxury towers are priced for what amenities.But we were talking to a leasing agent here and he said he' still doing plenty of tours. 

Also, a good reminder that while STR's roll in the bank during good times, they are ultra risky for downturns.

The guy who did the tile was a legit tile guy; if you want a photo I can post one; the rent went from $438 a month to $590 a month (the apartment was originally a Section 8 apartment and they wouldn't even go $450 a month because "one bedroom apartments in your neighborhood don't go that high") yet after the Section 8 tenant left and I rehabbed the apartment, as mentioned, I ended up getting way more than I could have ever gotten had I stuck with Section 8 (I also had luxury tile flooring installed in the rest of the apartment - all my flooring/tile work will pay for itself in just over two years due to the bump in rent). 

This area is for luxury 2nd home sales primarily.

I was driving a 95 honda civic with one small tv in my house, no gaming stations, no luxuries. 

., in the seller’s favorDOM down a few daysAlso consistent with supply / demand being about the sameUC were down 8%This is much stronger than I had expected – great newsHomes -4%; condos -16%This is consistent with my observations about a week ago that entry level buyers seemed to be more cautious than the first time move up segmentNot much change on discountsIf you just look at the luxury homes (MLS defines this as >$1,000,000)Closed count +13%Price +1.5%DOM down -2 daysI am not sure this strength with last in the luxury market, since inventories are building.If you look at entry level, $300-500KClosed count -13%Price +2%DOM +4 daysThe slowdown in this segment will last a few months, since we need to get a lot of entry level employees back to work.Other news items:Most of the iBuyers have suspended operations.Lenders are tightening credit requirements, which may push the marginal buyer (that used to barely qualify) out of the market for a whileThis will likely be a source for 2020 having somewhat fewer closed deals than 2019

The ultra rich bankers have little to no mercy on the mortgagee, a tenant has much less skin in the game than does the landlord.

Right now I’m a consultant in the luxury portion of the general construction industry, and will be getting my general contractors license for rehab projects.

I came to my decision of doing residential and want to focus on luxury real estate for many reasons. 

This is the time to be ultra-conservative in your underwriting.