Are well-priced condos killing the hipster movement? The Observer reports that a younger, hipper breed of buyer is emerging, thanks to a deteriorating condo market and a glut of realtors and developers all too ready to offer concessions. One 23-year-old buyer got a $51,000 price cut on her one-bedroom condo in Greenpoint’s Ikon building at 50 Bayard Street — and the developer paid her taxes and fees as well. But this phenomenon is not without its pains. “Condo shame,” a term the Observer coined, has apparently afflicted the too-cool set, who feel they’ve lost their hipster credibility by switching up from renter to owner. [more]
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TWEETS
- This week, @DouglasElliman dominates @trdny's "Top Residential Agents" list, scoring three of the top five spots. http://t.co/WuwFfoQI 10:26:54 PM May 25, 2012
- Here's some #NYC residential sales data before you head off to the #Hamptons via @trdny http://t.co/41pt08N4 08:54:27 PM May 25, 2012
- Marcia Gay Harden gets $2.8M for #Harlem townhouse listed by@cathytaub of @StriblingNYC http://t.co/pR718yY4 via @trdny 08:47:36 PM May 25, 2012
- Boymelgreen, Africa Israel settle with @AGSchneiderman over 20 Pine St. construction, but face new $20M suit http://t.co/wYyqrfBP via @trdny 08:16:42 PM May 25, 2012

