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The Printed Page

People are listing properties with exorbitant asking prices and The New York Times is on it. The paper's real estate section tells the story of how the sale of NYC's $90M penthouse begat a string of audacious asks, including that of Casa Casuarina, now floundering at 60 percent of its original $125M ask. The Times, of course, called the PriceChop "the first sign that owners shooting for the moon are finally letting some of the air out of the balloon, and floating gently back to earth." [NYT; previously]