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Manny being clueless again? You decide

Posted by Scott Van Voorhis March 5, 2009 01:32 PM

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Hey Manny, ever hear of the housing market crash?

Manny Ramirez was one of the most clueless sports stars to ever play in Boston, though granted he did have quite a knack for connecting with the baseball.

Manny has decided to put his downtown condo back on the market, seeking a sky-high $8.5 million for his four-bedroom, 4,500 square foot unit on the 37th floor of the Residences at the Ritz-Carlton.

But Mannyís move to boost his asking price by $1.6 million may add a new dimension to his already well-crafted reputation for mentally inhabiting another galaxy.

If he couldnít get $6.9 million back in 2005 during the height of the boom, howís he going to get $8.5 million now?

OK, now hereís where all the downtown condo market cheerleaders are going to jump all over me. Yes, condo prices, at least on the very high end, have continued to rise.

But sales have also fallen off and itís far from a picnic out there, even at the top of the market. Just ask all those Mandarin Oriental condo owners who have put their units up for sale.

No one is in danger of losing their shirt, and, if you are smart, you might sell for a bit more today than a couple years ago.

Maybe Mannyís move to boost the asking price by $1.6 million is just a brilliant sales strategy that will finally net him a buyer for his condo, which has spent years on and off the market.

If it is, Iím not getting it.

More likely it will simply make the sports star, after having just inked a $45 million deal with the Dodgers, look out there and a bit greedy at a time when people are losing their homes.


This blog is not written or edited by Boston.com or the Boston Globe.
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About boston real estate now
Scott Van Voorhis is a freelance writer who specializes in real estate and business issues.

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