One of the biggest price surges in Manhattan took place on the Upper West Side, where four-bedroom and larger apartments cost an average of $5.7 million, or a 48 percent increase over the fourth quarter from 2005.If you haven't been keeping track, the fourth quarter from 2005 was one year ago. This is a year-on-year increase of one half. It's nice to see exorbitant unearned bonuses for financiers going into transitory housing prices.
Sunday, January 07, 2007
Um, does this somehow not sound sustainable?