I'm with you, I'm annoyed, about getting our down payment back. I would deffinately opt for getting my money back if possible. Anyway that is possible? The only sure way would be if don't deliver the units until 1 year after the promised date which was in June.

I'm not an investor. My plan was to live in the condo for around 5 yrs and then sell it at a profit when I first signed the contract. But now it seems that I will probably end up losing money by the time I want to sell it. Costs are expected to go down in Manhatten for another year or so. So of course this will have an affect on LIC. I'll being paying for a condo that will probably drop in at least 20% in value over one year or so. And then probably stay stagnant for another year or two. By the time I want to sell my place, I'll probably be right back where I started if not a little higher. I'm afraid that I'll end up losing money due to the amount of money I put in for closing costs to buy and then sell the place.

remember that HPC is cheaper per sq/ft than just about every other building in Hunter's Point. In my opinion, buyers in buildings like 5SL overpaid for their property. Just because other buildings see a reduction in price doesn't mean HPC goes down accordingly. Builders can ask whatever they want for their units. It doesn't mean they are asking a fair or reasonable price. Some of those reductions in Hunter's Point can also be a result of the units being overpriced to begin with. We are all in for some rough economic times ahead to be sure, but in five years if you don't at least break even on your apartment in OHP then we all have bigger problems to worry about. A lot can happen in five years. I'm not trying to downplay the current crisis, I just think that in a few years we will get through this mess and see the financial and real estate markets turn back up again.

first of all i think the balcony railing is ugly as hell.

second i am, like all of you, very annoyed by the closing situation. and like some of you, i am thinking about ways of getting my money back. I was actually out looking at other condos and developments and there are many choices out there. i know it is hard and unlikely i can get my deposite back but i am speaking to my laywer about this.

with this current financial situation it is better to hold on to my $ then waiting for a condo project that never deliver on time. i lost quite a lot of confidence in the building.