PHOTO: Cheryl MacCluskey, president and chief executive officer of M&M Development LLC, in the driveway of a recently completed home at 63 Maple Ave. Homeowners saddled with the worst sales market in 30 years are turning to the rental market. (Bloomberg )... A way to test drive the house&apos
By Oshrat Carmiel Bloomberg News
Cheryl MacCluskey broke ground on a five-bedroom luxury home in Greenwich last year, hoping it would sell by June. Then reality set in. After cutting the price 13 percent to $4.4 million failed to lure buyers, she rented it this week for $13,000 a month.
"I'd never have put it on for rent before," MacCluskey, president of M&M Development, said of the 7,800-square-foot house. "In this down market you don't really have a choice." .....
Comment:
The Greenwich Time Has Hit A New Low As It Has Bloomberg News Service Replaces Origional Pictures And Content Above The Fold On The Front Page.
Please See:
The Greenwich Time Is Behind The Times:
Once Again Bloggers And Out Of Town News Sources
Are Breaking News In Greenwich
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