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"Congrats On Your Condo" Greeting Cards Still Optimistically Exist
By
John Del Signore
Published Jun 25, 2009
Modified Jun 25, 2009
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By
John Del Signore
Published Jun 25, 2009
Modified Jun 25, 2009
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Photographer Katie Sokoler went shopping for a sympathy card at a 99 cent store in Williamsburg today but she says all she found were "tons" of "Congratulations on Your New Condo" cards. Does this mean more people are buying condos than dying? We thought condos were dying; according to The Real Deal, 1,841 condos are expected to enter the Williamsburg market by the end of this year.
Real estate insiders fear that's too many for this economy, and David Maundrell, president of Aptsandlofts.com, says, "It used to be enjoyable, exciting to open a new building. Now it's nerve-wracking." Banks have already moved to foreclose on several buildings in Williamsburg this year, including the Factory Lofts at 66 North 1st Street, the Metropolitan at 349 Metropolitan and Warehouse 11 at 214 North 11th Street. Like many other new buildings, these condos are now going rental. Which means the smart money's obviously in renter congratulation cards.
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John Del Signore
Originally from the Albany area, John Del Signore has called NYC home since 1995. In addition to his thousands of meticulously-crafted bespoke blog posts for Gothamist, his writing has also been published in The Awl, Deadspin, The Nervous Breakdown, and performed at The Brick Theater in Brooklyn.
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Gothamist is funded by sponsors and member donations
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