GM noticed a new listing for one of the penthouses of 1055 High, Eastbanc’s ultra-luxury new building along the canal and Wisconsin. And wow, is it something.
At first the thing that caught GM’s attention was that one of the units was for sale again. It was reported last June that all the units were sold, and for cash. GM doesn’t know if this is a flip, or if the original transaction was canceled somehow. Either way, it’s a little unusual that it’s already back on the market.
But that aside, look at what it’s like to own a New York style loft in the middle of Georgetown:
It could be yours…for a mere $5.3 million, probably cash at that.
The Georgetown Metropolitan 
Over priced….housing bust right around corner. And will how will it appraise?
When you pay in cash, who needs an appraisal?
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Why pay in cash when borrowing costs are so low??? You can leave the 5 million in Under Armour stock and make 40% or would you prefer having it invested in a pile of bricks?