Manhattan on sale

[Dave U. Random]

Barron's

With Wall Street firms stepping up layoffs, and money for
big-ticket mortgages drying up quickly, prices for New York
apartments and townhouses of $5 million or more have been
falling and may well drop by another 30% before finally
bottoming out. That could help turn the Big Apple into the
ugliest housing market in America

Continued: http://atu.ca/47d3

[Mike]

Post by Dave U. Random
Barron's
With Wall Street firms stepping up layoffs, and money for
big-ticket mortgages drying up quickly, prices for New York
apartments and townhouses of $5 million or more have been
falling and may well drop by another 30% before finally
bottoming out. That could help turn the Big Apple into the
ugliest housing market in America
Continued: http://atu.ca/47d3

Sounds like a good deal for anyone looking to buy.