You know those folks who say they will leave the U.S. if McCain is elected? Now they can still proceed with their plans to buy a condo in the meantime, thanks to a clause some developers have been inserting to condo contracts:
Purchaser may have pursuant to the Offering Plan or at law, in the event that Barack Obama, Democratic candidate for President of the United States of America, fails to win the Presidential election to be held on Nov. 4, 2008, Purchaser shall have the right to cancel this Purchase Agreement upon ten (10) days written notice to Sponsor and upon cancellation will promptly be refunded the entire contract deposit with any interest earned thereon.
So far, the deal has only been offered in Queens and Manhattan. There's still time for Brooklyn developers to jump on the bandwagon though!
A Condo Escape Clause for New York Liberals [NY Times]
