Ok, here is the MLS link I received, and if you take a look at the status field, you see they are under attorney review, and if you click thru the left bottom corner, you see there is another one already under contract, and some already sold... http://msx.mlxchange.com/Pub/EmailView.asp?r=1406597676&s=MSX&t=MSX
If you click on the pictures, you shall see all the photos of those units to get a first hand idea of the units.
I told my father to tell his friend, if Shoprite supermarket can raise orange juice from 99 cents to $1.88, he could rent a 2br condo, instead of $990 a month, but $1,880 a month. Or if Shoprite can raise Apple Juice from 88 cents to $1.50, he could rent a 1br condo, instead of $880, but $1,500. So they all get excited!!!
Don't tell me "rent control", even Governor of NJ is going to raise NJ Turnpike and GSP toll by 50% ... Why can't builders, instead of going bankrupt, but rent out their condo and townhouse at 50% more rent? You, as state governor wants to balance the NJ budget, why NOT builders?
My father's friend think $200,000 1br 1ba condo is too expensive to invest for $1,375 rent, but when I convince him that after NJ Governor increases all major tolls by 50%, he shall have a potential to increase his rent by 50%, to say $2,000 a month. All of a sudden, he said he would talk to many of his wealthy friends in Beijing to come over to invest in real estate in the US.