The Obama Contingency

Regardless of your political leanings this is an interesting development to say the least.

“The Obama Contingency” has been initiated by a Manhattan developer who is offering an escape clause for those signing a contract for one of their multi million dollar apartments prior to the election.  If Senator Obama doesn’t win the buyers at the building called +ART will be released from their purchase contract “no questions asked”.   As of October 29th the offer had not enticed anyone to purchase one of the units but potential buyers did say that it piqued there interest.

Just in case you were wondering very advantageous jumbo financing is available for luxury hi-rise units like those at +ART and will remain available regardless of who wins on November 4th.

click here for the full Bloomberg article.

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