We just see us a report on diepresse.com.
And although it's about the most expensive real estate deal in U.S. history. Consequently, an investor group has about 5.4 billion dollars (about 3.65 Mr. EURO) at the peak of the housing bubble for a huge Housing complex, paid better known under the name "Stuyvesant Town and Peter Cooper Village in Manhattan.
The plan was that rent-stabilized apartments into luxury apartments to convert and then sell for a lot of money.
Three years later, the reality is quite another. The residents of the multistory brick buildings have fought successfully against the proposed transaction!
Short conclusion: investors need to "Stuyvesant Town" now left to the lenders, the prices have fallen, ... More on this story
and photos from the complex there is: http://diepresse.com/home/wirtschaft/international/518413/index.do?gal=518413&index=1&direct=&_vl_backlink=/ home / economic / index.do & popup =
Yes, United States, the land of opportunity!
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