A good start, I suppose. 542 Lake Avenue, the old Grannick property, has cut its price from $6.595 million to $5.650. Judging from the listing pictures it looks pretty nice, if a bit standard for these homes (I wonder: if a tipsy Wall Street warrior came home to the wrong house and wrong family one night, would anyone notice?) but I confess I haven’t visited. This came on last April and I can’t see the point of wasting time and gas to see something that, as in this case, will still be around a year later and at a lower price.
I sometimes ponder why all spec builders insist on originally listing their projects at unattainable prices but I suppose that if they weren’t dreamers, they wouldn’t be building houses on spec.