New York Condo Buyers Wary of McCain Get Obama-Loss

[David Farber <dave () farber net>]

New York Condo Buyers Wary of McCain Get Obama-Loss Loophole
2008-10-29 04:01:08.0 GMT


By Oshrat Carmiel
    Oct. 29 (Bloomberg) -- Condominium buyers can get more than
granite countertops and penthouse views for $4.16 million in
Manhattan's Chelsea neighborhood. If Barack Obama isn't elected
president, they can get out of the deal.
    Call it the Obama contingency. Buyers at the building
called +aRt will be released from their purchase contract ``no
questions asked'' should the Democratic candidate lose to John
McCain on Nov. 4, said Erik Ekstein, president of Ekstein
Development.

snip


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