[lbo-talk] real estate bubble in Manhattan too?

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Sat Jul 8 10:29:45 PDT 2006



> I forget where I read it, but another piece somewhere else
> concluded there was far more supply than demand and yet developers
> maintain prices and keep building.

One possibility is that we'll see a deflation of prices for the places that people move out of/up from; there does certainly seem to be demand for _new_ places in NYC. Maybe people have grown weary of buying $nM places that have to be renovated for another $m00K in order to be inhabitable.



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